Revolution Ventures To Raise $150 Million
Revolution Ventures is the venture capital division of Revolution LLC, which is an investment company led by AOL founder Steve Case. Revolution Ventures is working on raising $150 million for their second fund, according to a regulatory filing filed with the SEC. The new fund is going to be called “Revolution Ventures II.”
The Wall Street Journal Journal reports that the new fund has attracted around $125 million in commitments so far. The funds are expected to close later this year.
Revolution Ventures is known for focusing on early stage venture capital investments in technology-enabled businesses. Some of the companies that Revolution Ventures invested in include LivingSocial, Lolly Wolly Doodle, FedBid, Resonate, ExtendHealth, AddThis, HelloWallet, ePals, RunKeeper, and Zipcar.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry