D.C.’s Revolution Ventures is celebrating a third exit in the past eight months.
One of the VC firm’s early investments, Boston-based Runkeeper, announced today that the company has been acquired by fitness wear giant Asics. Runkeeper founder Jason Jacobs announced the new partnership in a post on Medium. The amount is as yet undisclosed.
Big News! Revolution portfolio company @Runkeeper is being acquired by ASICS @jjacobs22 https://t.co/ByKiTjZvO0
— Revolution (@revolution) February 12, 2016
This news follows on the heels of OrderUp’s acquisition by Groupon in July and AddThis’ acquisition by Oracle in January. All exits are from the portfolio of the same Revolution partner — Tige Savage.
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