
Investments
624Portfolio Exits
148Funds
10Service Providers
1About RRE Ventures
RRE Ventures is a venture capital firm investing primarily in consumer and digital media, mobility, green technology, software and services, financial technology, and infrastructure. It invests in the New York Metro region as well as Silicon Valley and other major technology innovation centers across the United States. It was founded in 1994 and is based in New York, New York.

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Expert Collections containing RRE Ventures
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find RRE Ventures in 8 Expert Collections, including HR Tech.
HR Tech
65 items
Store tech (In-store retail tech)
55 items
Startups aiming work with retailers to improve brick-and-mortar retail operations.
Banking
44 items
Based on CB Insights Research Brief: https://www.cbinsights.com/blog/industry-market-map-landscape/#retail banking
Vitamin & Supplement Startups
237 items
Unicorns- Billion Dollar Startups
115 items
Food & Beverage
123 items
Research containing RRE Ventures
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned RRE Ventures in 2 CB Insights research briefs, most recently on Sep 28, 2020.


Jun 11, 2020
Market Map: 50+ Startups Reshaping Auto CommerceLatest RRE Ventures News
May 15, 2023
OpenEnvoy – an AI company that has built the industry-leading solution for accounts payable (AP) automation – announced it raised $15 million in Series A financing led by RRE Ventures, including participation from Coelius Capital, Hack VC, Riot Ventures, and Uncorrelated Ventures. Essentially, OpenEnvoy automates costly finance processes, preventing billions of dollars in overpayments. And through advanced AI, the OpenEnvoy platform quickly digitizes invoices and performs reconciliation with 99% accuracy while eliminating costly billing errors and lengthy interdepartmental approval processes. Plus OpenEnvoy processes all types of invoices but is especially well known for its ability to manage high-volume, variable-cost invoices for complex accounts payables. The market needs solutions that are highly accurate and processed in real-time, and deliver bottom-line value. And OpenEnvoy’s best-in-class controls protect customers from vendor fraud, keep cash flow safe, and hold vendors accountable. And the company’s industry-proven solutions also feature no-code integration to get clients up-and-running quickly and easily. Using AI to automate this repetitive work for AP teams frees up significant resources, increases effectiveness for faster time-to-value, and eliminates complex approval workflows while unleashing business creativity leading to new opportunities for growth and success. The human administrative overhead is responsible for about $765 billion annually in unnecessary costs. And drug launches take 10 to 15 years and cost more than $2 billion due to inefficiencies in recruiting and retaining patients during clinical trials. The problem is that 90% of the data relied upon for clinical decisioning is unstructured and impossible to analyze at scale. And as a result, most processes remain manual and inefficient. Organizing that data so it is instead structured and contextually linked is critical to assist often non-technical knowledge workers make decisions based on data. KEY QUOTES: “We’re thrilled to continue pushing the boundaries in AI for automation of financial processes. With this new round of funding, we’re well-positioned to extend our industry leadership and growth. By automating AP and other financial processes, OpenEnvoy empowers finance teams to focus on more strategic activities that help our clients recognize significant hard dollar returns through improved cash flow and operational efficiencies.” — Matthew Tillman, CEO of OpenEnvoy “OpenEnvoy is poised to reshape an industry that has gone largely unchanged over the past 100 years. Invoice processing is still overwhelming, error-prone, and tedious even in the rare cases in which it has been fully digitized. For most businesses, invoice processing is not a human-scale problem any longer—that’s why most companies do spot checks, not full audits. OpenEnvoy’s unparalleled AI technology paired with its integrated document digitization and processing technology fundamentally transforms the AP function delivering immediate value and frequently saving customers millions in overpayments. As the lead investor in OpenEnvoy’s Series A round, RRE Ventures is extremely proud to support the growth of this category-defining company.” — Jason Black, General Partner at RRE Ventures “OpenEnvoy digitizes highly complex invoices with full accuracy and the highest speed in the market. They specialize in solving exceptionally complex challenges in extremely complicated industries including logistics, transportation and manufacturing. They’re modernizing old, insular industries – precisely why we’re doubling down in this round.” — Will Coffield, General Partner at Riot Ventures “Our philosophy is that ideas are meaningless, validated ideas are priceless. We’re investing in OpenEnvoy because they’ve more than validated end-to-end automation being the key to success, especially with so many jobs evolving. Finance is about results, and capital markets want to see immediate, meaningful ROI.” — Zach Coelius, Managing Partner at Coelius Capital “Finance teams demand greater efficiency, higher yield, and better cash flows by automatically identifying invoice discrepancies, automating the aging process, and uncovering valuable insights into vendor networks. We’re investing in OpenEnvoy because companies are working with them to meet all of these needs. Organizations who aren’t, need to start doing so, yesterday.” — Salil Deshpande, General Partner at Uncorrelated Ventures Trending on Pulse 2.0
RRE Ventures Investments
624 Investments
RRE Ventures has made 624 investments. Their latest investment was in OpenEnvoy as part of their Series A on May 5, 2023.

RRE Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/3/2023 | Series A | OpenEnvoy | $15M | No | 6 | |
4/11/2023 | Seed VC | Catio | $6.5M | Yes | 1 | |
3/20/2023 | Unattributed VC | Ursa Space Systems | $4.05M | No | 1 | |
12/1/2022 | Series C - II | |||||
11/30/2022 | Series B |
Date | 5/3/2023 | 4/11/2023 | 3/20/2023 | 12/1/2022 | 11/30/2022 |
---|---|---|---|---|---|
Round | Series A | Seed VC | Unattributed VC | Series C - II | Series B |
Company | OpenEnvoy | Catio | Ursa Space Systems | ||
Amount | $15M | $6.5M | $4.05M | ||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 6 | 1 | 1 |
RRE Ventures Portfolio Exits
148 Portfolio Exits
RRE Ventures has 148 portfolio exits. Their latest portfolio exit was Clyde on March 15, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
3/15/2023 | Acquired | 3 | |||
12/14/2022 | Acquired | 7 | |||
8/9/2022 | Reverse Merger | 2 | |||
Date | 3/15/2023 | 12/14/2022 | 8/9/2022 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Reverse Merger | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 7 | 2 |
RRE Ventures Fund History
10 Fund Histories
RRE Ventures has 10 funds, including RRE Ventures VIII.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
2/10/2023 | RRE Ventures VIII | $250M | 1 | ||
2/22/2019 | RRE Leaders II | Early-Stage Venture Capital | Open | $57.9M | 5 |
6/25/2018 | RRE Ventures VII | Early-Stage Venture Capital | Closed | $265M | 5 |
10/1/2015 | RRE Leaders Fund | ||||
4/28/2014 | RRE Ventures VI |
Closing Date | 2/10/2023 | 2/22/2019 | 6/25/2018 | 10/1/2015 | 4/28/2014 |
---|---|---|---|---|---|
Fund | RRE Ventures VIII | RRE Leaders II | RRE Ventures VII | RRE Leaders Fund | RRE Ventures VI |
Fund Type | Early-Stage Venture Capital | Early-Stage Venture Capital | |||
Status | Open | Closed | |||
Amount | $250M | $57.9M | $265M | ||
Sources | 1 | 5 | 5 |
RRE Ventures Team
12 Team Members
RRE Ventures has 12 team members, including current Founder, General Partner, Stuart J. Ellman.
Name | Work History | Title | Status |
---|---|---|---|
Stuart J. Ellman | Founder, General Partner | Current | |
Name | Stuart J. Ellman | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder, General Partner | ||||
Status | Current |
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