HOME

TheInfoList



OR:

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, Na ...
, 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 Compute ...
, 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,
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 ...
,
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 America ...
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
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 Compute ...
, 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 and
Tige Savage Tige Savage (born September 30, 1968) is an American investor, co-founder of Revolution LLC, a principal investment firm based in Washington, D.C., and a managing partner at Revolution Ventures, which has investments in companies such as Bloomsca ...
. 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 and the Walton Family. 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. 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 auto ...
, 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
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 ...
, LivingSocial, Lolly Wolly Doodle, Waterfront Media, FedBid, Exclusive Resorts, Inspirato, Miraval, SparkPeople, Extend Health, BrainScope, AddThis, BenchPrep, Framebridge, SpareFoot, OrderUp, 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.