Revolution LLC
Revolution LLC is an American investment firm based in Washington, D.C., founded in 2005 by Steve Case, Donn Davis, and Tige Savage.[1] Notable investments include LivingSocial and Zipcar.
Foundation
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Revolution LLC was founded in 2005 by Steve Case, 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.[1][2] After negotiating the merger of AOL and Time Warner, a transaction that today remains the largest merger in business history,[3] AOL Time Warner floundered and Case resigned from his post in January 2003, with the merger often cited as one of worst mergers ever.[4] After leaving the AOL-Time Warner board in 2005, Case co-found Revolution LLC.
Investment funds
Revolution operates three major investment funds with different focuses.
Revolution Ventures focuses on early-stage technology investments under $10 million.[5]
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.[6] It typically invests in two to three new companies per year, mostly on the East Coast of the United States.[7] Its major investments have included Sweetgreen,[8] Bigcommerce,[9] Optoro,[10] and Handybook.[11]
Revolution Places makes real estate and hospitality investments, usually between $25 and $50 million. It is usually the majority shareholder in each portfolio company.[12]
Profile investments in the collective Revolution portfolio include Zipcar, LivingSocial, Lolly Wolly Doodle, Waterfront Media, FedBid, Exclusive Resorts, Inspirato, Miraval, SparkPeople, Extend Health, BrainScope, AddThis, and other companies.
References
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- ↑ Final farewell to worst deal in history - AOL-Time Warner
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