Revolution Ventures quietly amasses $150 million fund

Summary:The venture capital firm led by former AOL chief executive Steve Case prepares for another wave of investment.

revolution-ventures-logo-260px

Revolution Ventures, the venture capital firm led by former AOL chief executive Steve Case, is quietly putting together the pieces for a new $150 million fund, according to a U.S. Securities and Exchange Commission filing published on Monday.

Very little information is contained in the regulatory filing, but there are a few details: the fund will be called "Revolution Ventures II," and according to a Wall Street Journal brief, has attracted "around $125 million in commitments so far" for an early-stage investment fund.

That's right in line with the firm's mission to support startup companies at this stage. Revolution has backed public sector online marketplace FedBid, marketing insights startup Resonate, the (rather doomed) daily deals company LivingSocial, social enterprise company BrandAnalytics, mobile ad startup Uber Media, financial adviser HelloWallet and small business service management platform Booker. Oh, and ZipCar, the urban car-sharing service acquired by Avis.

The firm's bets have been somewhat uneven: for every mass-market opportunity like LivingSocial and ZipCar, there's a local investment, such as the Maui Land & Pineapple Company in Hawaii.

What will this new fund bring to the table? We're itching to find out when it closes later this year.

 

Topics: Start-Ups

About

Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.