Revolution is raising a new $450 million fund

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.