Revolution Launches $200M Fund for Early-Stage Startups

September 30, 2013

9:25 am

DC-based Revolution has launched a $200 million fund for early-stage startups called Revolution Ventures. It will be led by AOL cofounder Steve Case, David Golden, and Tige Savage.

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.

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Kira M. Newman is a Tech Cocktail writer interested in the harsh reality of entrepreneurship, work-life balance, and psychology. She is the founder of The Year of Happy and has been traveling around the world interviewing entrepreneurs in Asia, Europe, and North America since 2011. Follow her @kiramnewman or contact kira@tech.co.

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