/// Revolution Ventures Closes $200 Million Fund
Revolution Ventures, the venture capital arm of Revolution LLC, run by former AOL CEO Steve Case, has closed a new $200 million venture fund. Led by Case and partners Tige Savage and David Golden, the group plans to take a targeted approach, making a small number of annual investments in early-stage startups. The group will bring four of its previous portfolio companies — BenchPrep, Booker Software Inc., Homesnap and RunKeeper — into the new fund. “Indeed, in some ways, the Revolution Ventures fund is a ‘throwback’ to the early days of venture capital,” the group said in a company blog post. “We are not just investors, but experienced business builders who have the expertise and passion to be actively involved with the companies we back.” “In keeping with that throwback VC model, we appreciate the value of multiple, smart perspectives and often welcome other leading investors to join us as backers of promising companies,” the post said. The new fund’s investment focus, according to the announcement, will be companies aiming to “disrupt large industries in markets where people are already spending lots of money.” Savage and Golden will handle day-to-day business and leadership for the fund.
Revolution Ventures Closes $200 Million Fund