RRE Ventures

Knock Is First Real Estate Tech Company to Allow Its Partners and Customers to Invest Alongside Its Venture Capital Investors

Retrieved on:

Monday, February 26, 2024

Acquisition, Love, RRE Ventures, National Association, First American Corporation, Indefinite and fictitious numbers, Sale, IPO, Housing, Financial services

NEW YORK, Feb. 26, 2024 /PRNewswire-PRWeb/ -- Knock, the real estate technology company that has helped thousands of homeowners buy before they sell, today announced that it has launched an equity crowdfunding campaign on Wefunder – a public platform that allows individuals to invest in brands they use everyday and love long before the companies become public or get acquired. The funding round is being co-led by Second Century Ventures, the venture capital arm of the National Association of REALTORS®, and Foundry Venture Capital.

Key Points:

The funding round is being co-led by Second Century Ventures, the venture capital arm of the National Association of REALTORS®, and Foundry Venture Capital.
"We founded Knock to democratize the home selling experience," Knock Co-Founder and CEO Sean Black said.
"We want to further democratize our business by giving our partner agents, loan officers and customers the opportunity to invest in Knock before a potential IPO or acquisition.
Through Wefunder, individuals can invest as little as $100, making it accessible for anyone to become a shareholder in Knock as a private company.

Staircase Launches ChatMTG, Delivering Homeowners Over 67% Lifetime Mortgage Savings

Retrieved on:

Thursday, February 8, 2024

Rube Goldberg, Stairs, RRE Ventures, Digital, PDF, Risk, Real estate

NEW YORK, Feb. 8, 2024 /PRNewswire-PRWeb/ -- Staircase, a leading mortgage technology company, backed by Bessemer Venture Partners, RRE Ventures, Zigg Capital, MetaProp, and Torch Capital, today launched ChatMTG, a website that delivers customer savings by removing the middlemen and their associated fees. By cutting out the broker-as-middleman, ChatMTG lowers interest rates by 1.25% on average, reducing monthly payments by 13%. Over the 10-year life of a loan, this adds up to a total mortgage cost savings of $56,000 or a whopping 67% (Based on today's rates, see Disclosures).

Key Points:

Over the 10-year life of a loan, this adds up to a total mortgage cost savings of $56,000 or a whopping 67% (Based on today's rates, see Disclosures).
With ChatMTG's rates, today, over 6.3 million homeowners are eligible to refinance their mortgages at a lower rate.
"For the average American, ChatMTG creates savings which are the equivalent of a full year of after-tax income," said Adam Kalamchi, CEO and founder of Staircase.
For more information about how Staircase is transforming the mortgage industry and to try out the platform for yourself, please visit https://ChatMTG.com .

Bitnomial Becomes First Crypto-Native Exchange to be Granted Full Set of CFTC Derivatives Licenses

Retrieved on:

Wednesday, December 13, 2023

CFTC, ETF, DCM, Commodity Futures Trading Commission, Associate, USD, FCM, Treasury, DCR, Franklin Templeton Investments, Commissioner, Growth, RRE Ventures, DCO, Environment, Cryptocurrency, Bitcoin

CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Bitnomial, a US-regulated digital asset derivatives exchange, today was granted a US clearinghouse license to clear margined digital asset futures and options trades, making it the first and only crypto-native exchange with a full set of US derivatives exchange, clearinghouse, and broker licenses. Moreover, Bitnomial is the only US exchange with margined, physically delivered digital asset derivatives, meaning customers can receive actual ownership of digital assets on a leveraged basis rather than just a cash payout at settlement.

Key Points:

CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Bitnomial, a US-regulated digital asset derivatives exchange, today was granted a US clearinghouse license to clear margined digital asset futures and options trades, making it the first and only crypto-native exchange with a full set of US derivatives exchange, clearinghouse, and broker licenses.
The license was approved by four to one vote at the CFTC December Open Meeting today.
This diverse group of investors demonstrates support for a fully CFTC regulated digital asset derivatives venue from both traditional finance and crypto-native investors.
Hoersten concluded, "We would like to thank CFTC Chairman Behnam, the Commissioners, and especially CFTC DCR staff for their coordination and hard work throughout the licensing process.

1up.ai Raises $2.5M to Automate Knowledge for Sales Teams

Retrieved on:

Wednesday, November 1, 2023

Knowledge, Signal, Hallucination, Synthetic media, GTM, RRE Ventures, LLM Communications, Life (video games), Friendster, DNA, Knowledge management, RFP, Privacy, AI, Pain, Capital, Cryptocurrency, Sales, Risk management

NEW YORK, Nov. 1, 2023 /PRNewswire-PRWeb/ -- 1up unveils revolutionary Knowledge Automation Platform alongside $2.5 million in funding from 8-Bit Capital, RRE Ventures, Alumni Venture Partners, Italmobilliare, and Aviso Ventures.

Key Points:

1up is an exciting application of AI that can speed up the way GTM teams work while keeping sensitive data safe."
-Jonathan Abrahams, Founder of 8-bit Capital and Founder of Friendster
Individual investors who also participated include:
Andrew Peterson & Nick Galbreath, Founders of Signal Sciences
1up automates knowledge for Sales teams.
"We've had the privilege of working with amazing sales teams in various industries over the past 2 decades.
1up is focused on enabling sales teams to accelerate their internal knowledge without worrying about exposing this data to the world.

Beluga Raises $4M Seed Round to Provide a Trusted Platform for Crypto Users to Invest with Confidence

Retrieved on:

Thursday, October 19, 2023

Beluga, a trusted crypto platform that onboards and guides new users through their crypto journey, announced today a $4M seed round from some of the most well-known crypto and FinTech investors.

Key Points:

Beluga, a trusted crypto platform that onboards and guides new users through their crypto journey, announced today a $4M seed round from some of the most well-known crypto and FinTech investors.
“Despite crypto winter, crypto is still preferred over stocks and mutual funds by many of the younger generation and millennials,” Singh added.
“Beluga is a product built for the everyday crypto user.”
In the coming months, Beluga plans to launch more tools to help onboard new users and help them find and use the best crypto products.
The management team consists of Silicon Valley and crypto veterans from Robinhood Crypto, dYdX, CoinDesk, Coupa Software and more.

Boost Insurance and Canopius Announce Strategic Partnership to Power Innovative Programs with Long-Term Reinsurance Capacity

Retrieved on:

Tuesday, October 3, 2023

Consulting, Banking, Accounting, Technology, Professional Services, Small Business, Software, Legal, Insurance, Human Resources, Finance, Partnership, API, RRE Ventures, MGA, Reinsurance, Boost

Boost Insurance (“Boost”), the leading insurance infrastructure platform, today announced that it has entered into a strategic partnership with the Canopius US Insurance Holdings, Inc. a subsidiary of Canopius Group, to provide long-term risk capacity behind Boost-powered insurance programs.

Key Points:

Boost Insurance (“Boost”), the leading insurance infrastructure platform, today announced that it has entered into a strategic partnership with the Canopius US Insurance Holdings, Inc. a subsidiary of Canopius Group, to provide long-term risk capacity behind Boost-powered insurance programs.
However, Boost’s partners access end-to-end infrastructure via a simple, turnkey API integration that drastically reduces the costs of scaling their digital insurance programs.
The dedicated risk capacity provided by Canopius will fuel the high-growth and highly profitable insurance programs that Boost supports.
Boost will deploy the reinsurance and risk capacity provided by Canopius across a diverse range of specialty insurance programs with the aim to do so far more cost effectively than traditional one-off program business.

Marketing Titan Launches The Avenue Z Network

Retrieved on:

Wednesday, June 7, 2023

Digital visionary Jeffrey Herzog today announced the launch of the Avenue Z Network , a new strategic communications consultancy.

Key Points:

Digital visionary Jeffrey Herzog today announced the launch of the Avenue Z Network , a new strategic communications consultancy.
Avenue Z will build and scale the next generation of integrated communications with public relations and digital media solutions for growth-driven brands.
“Avenue Z will bring together the world’s most talented publicists, content creators, media buyers, marketers and data analysts to craft narratives that move the needle for business growth.
Avenue Z is funded by Herzog and Baleon Capital, a private equity fund focused on B2B tech-enabled services.

Michael Hecht, Krist Novoselic, and James Robinson Elected to Forward Party Board to Deliver a New Kind of Politics for America

Retrieved on:

Monday, May 22, 2023

WASHINGTON, May 22, 2023 /PRNewswire/ -- As its reach grows and its state-and-local strategy comes fully into focus, the Forward Party has expanded its Board of Directors with three high-profile members of the arts and business communities.

Key Points:

Prior to GNO, Inc., Michael led Louisiana's Hurricane Katrina Small Business Recovery Program and worked for Mayor Bloomberg running NYC's post-9/11 small business program.
Krist Novoselic, an activist and musician known for his work co-founding Nirvana, has a history of disruption across the political and musical industries.
"Our new board members are incredibly accomplished individuals whose work I personally admire," said Andrew Yang, co-chair of the Forward Party.
The Forward Party is bringing Democrats, Republicans, and Independents together to build a new kind of political party that represents the interests of the majority of Americans who reject extremism and division.

OpenEnvoy Secures $15 Million in Series A Funding Led by RRE Ventures

Retrieved on:

Wednesday, May 3, 2023

Ageing, AP, General partnership, RRE Ventures, Creativity, Silicon, Philosophy, Growth, AI, Transport, ROI, Automation, Organization, Cryptocurrency, 3D printing

OAKLAND, Calif., May 3, 2023 /PRNewswire/ -- OpenEnvoy, the Silicon Valley AI company that has built the industry-leading solution for accounts payable (AP) automation, today announced it secured $15 million in Series A financing led by RRE Ventures, including participation from Coelius Capital, Hack VC, Riot Ventures, and Uncorrelated Ventures.

Key Points:

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.
"We're thrilled to continue pushing the boundaries in AI for automation of financial processes," says Matthew Tillman, CEO of OpenEnvoy.
"OpenEnvoy is poised to reshape an industry that has gone largely unchanged over the past 100 years," says Jason Black , General Partner at RRE Ventures.
As the lead investor in OpenEnvoy's Series A round, RRE Ventures is extremely proud to support the growth of this category-defining company."

Kindbody Opens Bethesda, Maryland Clinic Expanding Access to High-Touch Fertility Care to Employers and Consumers in the Washington D.C. Metro Area

Retrieved on:

Tuesday, April 4, 2023

NEW YORK, April 4, 2023 /PRNewswire/ -- Kindbody, a technology-driven fertility clinic network and family-building benefits provider for employers, today announced the opening of a new clinic in Bethesda, MD. The announcement comes at a time of extraordinary growth for the company which owns and operates 32 clinics nationwide, including a state-of-the-art fertility clinic and IVF lab conveniently off of Dupont Circle and 19th Street in Washington, D.C. Kindbody Bethesda was built to meet the growing demand for comprehensive fertility and family-building benefits by local employers including Kindbody client GEICO, which is headquartered in Chevy Chase, MD, and employs nearly 7,000 corporate associates in the greater Washington, D.C. metro area. In addition to GEICO, Kindbody serves 21 large employers in the region, covering more than 27,000 lives.

Key Points:

In addition to GEICO, Kindbody serves 21 large employers in the region, covering more than 27,000 lives.
500, just inside the Capital Beltway, making it easily accessible to the entire Washington D.C. metro area.
Kindbody is a technology-driven fertility clinic network and family-building benefits provider for employers offering virtual and in-person care.
Many thousands more receive their fertility care directly from Kindbody throughout the country at signature clinics, mobile clinics, and partner clinics.