Revolution is raising a new $450 million fund - Technical.ly DC

Growth

Jun. 2, 2015 10:40 am

Revolution is raising a new $450 million fund

The new fund will invest in “speed-up” companies. In recent months, Revolution has backed companies like Sweetgreen, Sparefoot and Handybook.
Steve Case’s Revolution is raising a new $450 million fund.

Steve Case's Revolution is raising a new $450 million fund.

(Photo by Flickr user Case Foundation, used under a Creative Commons license)

Revolution, the venture capital firm founded by former AOL executive Steve Case, is raising a $450 million fund, according to an SEC filing.

The company is launching its third Revolution Growth fund, which focuses on fast-scaling companies. “Revolution Growth II” closed in December 2011, also with $450 million. More recently, it raised $200 million in 2013 for a Revolution Ventures fund.

In recent months, Revolution has invested in salad restaurant chain Sweetgreen, self-storage online marketplace Sparefoot and Handybook, an app for booking home services.

Revolution currently backs a total of 41 companies, including local firms like Optoro, HelloWallet, AddThis, Framebridge and LivingSocial.

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