– the venture arm of ’s – on Thursday afternoon filed paperwork with the SEC indicating its intent to raise a targeted $200 million for “.”
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At this point, no capital has yet been raised for the new fund, and the capital target is subject to change.
The Washington, D.C.-based venture firm focuses “on early-stage venture capital investments in technology-enabled business that have the potential to disrupt major industries,” per its . It previously raised $200 million in “” in 2013. If fully-raised, this latest fund would bring Revolution Venture’s total funds raised to $400 million.
AOL co-founder and Revolution CEO Case is an executive officer of the fund, along with and .
In recent years, Revolution Ventures has seen a number of exits from its portfolio:
- by for $150 million in March 2018. Revolution Ventures participated in Booker’s $14.5 million and $27.5 million .
- by for $85 million in February 2016. Revolution Ventures participated in FitnessKeeper’s Series A’s $ and $10 million .
- Food-delivery service by by $69 million in 2015. Revolution Ventures participated in OrderUp’s .
Launched in 2005, Revolution has three core business groups: Revolution Ventures, Revolution Growth, and Revolution Places.
Revolution Ventures has been outspoken about its belief that not all venture investments should be focused in Silicon Valley or New York. In a on the Washington, D.C.-based firm’s website, Case wrote: “The Revolution careers page lists jobs available in 105 cities across the country. Over 80% of the more than 1,000 jobs posted today are outside of Silicon Valley, New York, and Boston. And that makes sense.”
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