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Revolution

North America, District of Columbia, United States, Washington

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Revolution frequently co-invest with?

Service Provider Capital
North America, Colorado, United States, Golden
Co-Investments: 6
Revolution Growth
North America, District of Columbia, United States, Washington
Co-Investments: 42
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 15
Revolution Ventures
North America, District of Columbia, United States, Washington
Co-Investments: 27
T. Rowe Price
North America, Maryland, United States, Baltimore
Co-Investments: 6
SWaN & Legend Venture Partners
North America, Virginia, United States, Leesburg
Co-Investments: 9
Greycroft
North America, New York, United States, New York
Co-Investments: 6
Grotech Ventures
North America, Virginia, United States, Vienna
Co-Investments: 12
Revolution’s Rise of the Rest Seed Fund
North America, District of Columbia, United States, Washington
Co-Investments: 144
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 9

Which angels does Revolution often collaborate with?

JB
North America, District of Columbia, United States, Washington
Shared Deals: 2
TO
North America, District of Columbia, United States, Washington
Shared Deals: 5
TW
North America, California, United States, San Francisco
Shared Deals: 2
RS
North America, District of Columbia, United States, Washington
Shared Deals: 2
Daren Cotter
North America, Minnesota, United States, Saint Paul
Shared Deals: 3
MR
North America, California, United States, Santa Monica
Shared Deals: 2
TD
North America, District of Columbia, United States, Washington
Shared Deals: 2
TL
North America, District of Columbia, United States, Washington
Shared Deals: 12
MC
North America, Texas, United States, Dallas
Shared Deals: 2
JC
North America, District of Columbia, United States, Washington
Shared Deals: 2

What are some of recent deals done by Revolution?

Carbon Robotics

Seattle, Washington, United States

Carbon Robotics is an AI-powered farming robotics company enhancing efficiency with precision agriculture tools.

AgTechArtificial Intelligence (AI)RoboticsSoftware
Series DOct 21, 2024
Amount Raised: $70,000,000
Kashable

New York, New York, United States

Socially Responsible Credit for employees

ConsumerEmployee BenefitsFinanceFinancial ServicesHuman Resources
Series BJan 18, 2024
Amount Raised: $25,600,000
Sway

Venice, California, United States

Sway is a provider of shipping services that allows returning an online purchase without leaving home.

E-CommerceInternetLogisticsShipping
Series AJan 11, 2024
Amount Raised: $19,500,000
Haddy

Saint Petersburg, Florida, United States

3D Printed Furniture Manufacturer

3D PrintingArtificial Intelligence (AI)FurnitureManufacturingRoboticsSustainability
SeedJun 20, 2023
zMatch

São Paulo, Sao Paulo, Brazil

zMatch is a novel idea for maintaining, purchasing, and selling cars that combines the greatest aspects of the virtual and physical worlds.

Autonomous Vehicles
Series AMar 9, 2023
Amount Raised: $9,680,167
Bionaut Labs

Los Angeles, California, United States

Bionaut Labs revolutionizes the treatment of central nervous system disorders with its precision medicine treatment modality.

BiopharmaBiotechnologyHealth CarePrecision MedicineTherapeutics
Series BNov 28, 2022
Amount Raised: $43,200,000
WorkTorch

Wichita, Kansas, United States

WorkTorch is a career discovery platform for the service economy.

Career PlanningHuman ResourcesRecruitingSoftwareStaffing Agency
SeedNov 7, 2022
Amount Raised: $2,300,000
SwayID

San Francisco, California, United States

SwayID is a next-gen enterprise verification platform that provides instant verification while minimizing friction and mitigating fraud.

Content CreatorsDeveloper APIsE-CommerceEnterprise SoftwareRetailSaaSSecuritySoftware
SeedMar 28, 2022
Amount Raised: $4,200,000
Orchard

New York, New York, United States

Orchard is a real estate firm that specializes in buying and selling homes.

Real EstateReal Estate InvestmentResidential
Series DSep 9, 2021
Amount Raised: $100,000,000
86 Repairs

Chicago, Illinois, United States

86 Repairs is a subscription service platform that manages end-to-end equipment repair and maintenance for restaurants.

Big DataHospitalityPredictive AnalyticsRestaurantsSoftware
SeedJul 13, 2021
Amount Raised: $5,300,000