Steve Case is raising a Rise of the Rest seed fund - Technical.ly DC

Business

Nov. 1, 2017 11:52 am

Steve Case is raising a Rise of the Rest seed fund

The fund is seeking $100 million, according to an SEC filing.

Steve Case speaks during a Rise of the Rest tour stop in Baltimore.

(Photo by Stephen Babcock)

Steve Case is looking to raise a fund associated with his push to get more dollars to startups in cities that aren’t San Francisco, New York and Boston.

As first reported by DC Inno, the cofounder of AOL and D.C. investment firm Revolution is aiming to raise $100 million for the Rise of the Rest Seed Fund. According to the SEC filing, the minimum for an outside investor to participate is listed at $250,000.

The filing follows the latest iteration of the Rise of the Rest bus tour, which embarked on a Rust Belt swing through Wisconsin, Indiana, Michigan, Ohio and Central Pennsylvania. Recently-signed Revolution partner and Hillbilly Elegy author J.D. Vance joined in the tour.

As on past tours, Case wrote $100,000 checks to startups at each stop following a pitch competition. With Revolution declining to comment so far, it’s unclear at this point if the seed fund points to an expansion of that effort.

People: Steve Case
Projects: Rise of the Rest
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Revolution’s Rise of the Rest Seed Fund is investing in this NC-based startup

Phone2Action landed a growth investment from a North Carolina-based equity firm

CIT’s Virginia Founders Fund is investing in Skyphos Technologies

SPONSORED

DC

Building a data acquisition system? Don’t make this mistake

DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now
Washington DC

The Washington Post

Back End Developer/ Engineer – Arc Engineering

Apply Now
DC

CasaOne

Washington DC Operations Associate

Apply Now

CIT Gap Funds invests in medtech startup Tympanogen

Here’s why Northern Virginia’s In-Q-Tel is investing in a San Francisco-based startup

Northern Virginia’s Ladybug Tools named to Wells Fargo Innovation Incubator

SPONSORED

DC

This fast-growing SaaS company aims to be a force for change in the energy industry

DC

Factory Four

Client Service Analyst

Apply Now
Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now
DC

Process Street

People & Operations Manager

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!