Jim Robinson IV of RRE Ventures was on CNBC earlier this morning, live from Sun Valley. He talked about VC willingness to invest, dealflow and (of course) Twitter. He also gave a nice promo to Howard Lindzon’s StockTwits, never got asked about Clear (he was on the board) and broke a bit of news:
RRE has participated in an (apparently) undisclosed new round of funding for Revolution Money, a St. Petersburg, Fla.-based personal payment network that includes both credit cards and a P2P payment system(a la PayPal). Robinson says the new deal is for between $15 and $20 million, and follows nearly $100 million in prior capital from Steve Case, Ted Leonsis, Goldman Sachs, Citigroup, Morgan Stanley and others. Not sure if this is a Series D, or an extension of a $42 million Series C round announced back in April.
Here’s video of the interview: