September 30, 2013
The fund, which will have offices in DC and San Francisco, is looking to make 20 investments in industry-disrupting startups in the next three or four years, reported the Washington Post. Current Revolution portfolio companies BenchPrep, Homesnap, Booker Software, and RunKeeper will be moved over to Revolution Ventures.
Many of their investments will be outside Silicon Valley:
“Our visibility and reach are national. We believe there are great entrepreneurs building great companies all over the country, so we are less likely to be investing in Silicon Valley and more likely to seek opportunities elsewhere,” explain Case, Golden, and Savage.
Revolution already manages Revolution Growth, a $450 million fund for later-stage startups that was founded in 2011. Revolution Ventures will take the same hands-on approach, offering companies not only capital but the time and expertise of Case and his partners.
Did you like this article?
Get more delivered to your inbox just like it!