Revolution Ventures quietly amasses $150 million fund

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

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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.

 

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