
Revolution
Description
Revolution is a prominent Washington D.C.-based venture capital firm, founded by AOL co-founder Steve Case, that invests across various stages from seed to growth equity. The firm is distinguished by its multi-fund strategy, encompassing Revolution Ventures, Revolution Growth, and the Rise of the Rest Seed Fund, each targeting different investment stages and company profiles. This diversified approach allows Revolution to support entrepreneurs throughout their lifecycle, from nascent startups to established, rapidly scaling enterprises.
Revolution Ventures focuses on early-stage companies, typically participating in Series A and B rounds, with a keen eye for innovative businesses poised for significant disruption. Revolution Growth, on the other hand, targets more mature, high-growth companies requiring substantial capital for expansion, often leading Series C rounds and beyond. Their most unique initiative, the Rise of the Rest Seed Fund, is dedicated to investing in promising startups located outside traditional tech hubs, aiming to foster entrepreneurial ecosystems across the United States. This fund notably closed its second vehicle, Rise of the Rest Seed Fund II, at $150 million in 2021, underscoring its commitment to overlooked geographies.
The firm's investment philosophy emphasizes long-term partnership, leveraging Steve Case's extensive network and experience to provide strategic guidance beyond capital. Revolution seeks to back companies that are not only innovative but also have the potential to create significant societal impact. For instance, Revolution Growth successfully closed its fourth fund, Revolution Growth IV, at $525 million in 2022, demonstrating its continued capacity to deploy significant capital into market-leading companies. Across its various funds, Revolution has built a robust portfolio spanning diverse sectors, including healthcare, fintech, e-commerce, and enterprise software, consistently seeking out companies that align with their "build-to-last" ethos.
Investor Profile
Revolution has backed more than 263 startups, with 1 new investments in the last 12 months alone. The firm has led 39 rounds, about 15% of its total and boasts 70 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, Canada, Kenya.
- Strong thematic focus on Software, E-Commerce, SaaS.
- Typical check size: $100K – $100M.
Stage Focus
- Seed (36%)
- Series A (20%)
- Series Unknown (17%)
- Series B (12%)
- Series D (5%)
- Series C (5%)
- Series E (2%)
- Series F (1%)
- Convertible Note (1%)
- Pre Seed (1%)
Country Focus
- United States (96%)
- Canada (1%)
- Kenya (1%)
- Brazil (1%)
Industry Focus
- Software
- E-commerce
- Saas
- Health Care
- Information Technology
- Artificial Intelligence (Ai)
- Marketplace
- Fintech
- Internet
- Financial Services
Frequently Asked Questions
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