Revolution LLC is an American investment firm based in

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

, founded in 2005 by AOL co-founder

Steve Case Stephen McConnell Case (born August 21, 1958) is an American businessman, investor, and philanthropist best known as the former chief executive officer and chairman of America Online (AOL). Case joined AOL's predecessor company, Quantum Computer ...

, after leaving the AOL Time Warner board. The firm seeks to fund entrepreneurs who are transforming legacy industries with innovative products and services, with an overarching focus on companies that are based outside of the coastal tech hubs of NYC, SF and Boston. Through the firm’s Rise of the Rest platform, it has developed a network of business and civic relationships that helps Revolution source investments and support existing companies as they seek to expand across the country. Notable investments include

LivingSocial LivingSocial is an online marketplace that allows its registered users to buy and share things to do in their city. Formerly headquartered in Washington, D.C., LivingSocial had roughly 70 million members around the world in 2013. The company shr ...

Zipcar Zipcar is an American car-sharing company and a subsidiary of Avis Budget Group. Zipcar provides vehicle reservations to its members, billable by the minute, hour or day; members may have to pay a monthly or annual membership fee in addition to ...

DraftKings DraftKings is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American ...

and

sweetgreen Sweetgreen (legally Sweetgreen, Inc., stylized as sweetgreen, previously swɘetgreen) is an American fast casual restaurant chain that serves salads. It was founded in November 2006 by Nicolas Jammet, Nathaniel Ru, and Jonathan Neman. In August ...

Foundation

Revolution LLC was founded in 2005 by

, a well-known entrepreneur and a co-founder of America Online (AOL), the first Internet company in the world to go public along with

Donn Davis Donn Davis is an American venture capitalist and entrepreneur. He is founder, chairman and co-owner of the Professional Fighters League, co-owner of e-sports team Team Liquid and founding partner of the investment firm Revolution LLC. Career ...

and Tige Savage. After negotiating the merger of AOL and Time Warner, a transaction that today remains the largest merger in business history,

AOL Time Warner Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States. It was originally established in 1972 by ...

floundered and Case resigned from his post in January 2003, with the merger often cited as one of the worst mergers ever. After leaving the AOL Time Warner board in 2005, Case co-founded venture capital firm, Revolution LLC, where he is the chairman and CEO.

Investment funds

Revolution operates three major investment funds with different focuses. Revolution Ventures focuses on early-stage technology investments under $10 million. Revolution later announced their "Rise of the Rest" seed fund that included major investors from across multiple industries including

Jeff Bezos Jeffrey Preston Bezos ( ;; and Robinson (2010), p. 7. ''né'' Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. He is the founder, executive chairman, and former preside ...

and the

Walton Family The Walton family is an American family whose collective fortune derived from Walmart makes them the richest family in the United States of America. Overview The three most prominent living members (Jim, Rob, and Alice Walton) have consist ...

. Revolution Growth makes growth-stage investments of $10 million and above, primarily in consumer technology businesses. It was created in 2011 with $450 million of initial capital. It typically invests in two to three new companies per year, mostly on the

East Coast of the United States The East Coast of the United States, also known as the Eastern Seaboard, the Atlantic Coast, and the Atlantic Seaboard, is the coastline along which the Eastern United States meets the North Atlantic Ocean. The eastern seaboard contains the coa ...

. Its major investments have included

Sweetgreen Sweetgreen (legally Sweetgreen, Inc., stylized as sweetgreen, previously swɘetgreen) is an American fast casual restaurant chain that serves salads. It was founded in November 2006 by Nicolas Jammet, Nathaniel Ru, and Jonathan Neman. In August ...

, Bigcommerce,

Optoro Optoro is a reverse logistics technology company that works with retailers and manufacturers to manage and then resell their returned and excess merchandise. These products, which range from consumer electronics to home goods to clothing, are autom ...

, Handybook, and PolicyGenius. Revolution Places makes real estate and hospitality investments, usually between $25 and $50 million. It is usually the

majority shareholder A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal own ...

in each portfolio company. Profile investments in the collective Revolution portfolio include

, Lolly Wolly Doodle, Waterfront Media, FedBid, Exclusive Resorts,

Inspirato ''Inspirato'' is the fifteenth studio album by Yanni, released in 2014. To create the album, Yanni collaborated with opera tenor Plácido Domingo and producer Ric Wake to select distinguished vocalists to perform songs that Yanni had previously ...

, Miraval, SparkPeople, Extend Health, BrainScope,

AddThis AddThis is a free social bookmarking service that can be integrated into a website with the use of a web widget. Once the widget is added, visitors to the website can bookmark or share an item using a variety of services, such as Facebook, MySpa ...

BenchPrep BenchPrep is an American company that provides cloud-based study guides for standardized tests, professional certifications, and K-12 classroom learning. It has partnered with educational publishers such as McGraw Hill, John Wiley & Sons, and t ...

Framebridge Framebridge is a direct-to-consumer Startup company, startup company in the custom Picture frame, framing industry. The company allows customers to upload photography or mail in art to be framed. History The company was founded in 2014 by Susan T ...

SpareFoot SpareFoot is an Austin-based company that provides listings for self-storage units. The company was originally a person-to-person model, similar to Airbnb, that later developed into a marketplace for self-storage. The company now facilitates self ...

OrderUp OrderUp is an online and mobile food-ordering and delivery company which operated in at least 37 markets. Prior to being acquired by Grubhub, OrderUp was a part of the Groupon family of companies and operated as both OrderUp and Groupon-To-Go. ...

, and Custom Ink.

References

External links

* {{Official website, http://www.revolution.com/ Financial services companies established in 2005 Venture capital firms of the United States American companies established in 2005 2005 establishments in Washington, D.C. Companies based in Washington, D.C.