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.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Donate to the Journalism Fund
Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.
Mayor Bowser: Tech can help DC build a stronger, more self-sufficient economy
Comcast introduces ultra-low lag Xfinity internet that boosts experiences with Meta, NVIDIA and Valve
Maryland firms score $5M to manufacture everything from soup to nanofiber
