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. After negotiating the merger of AOL and Time Warner, a transaction that today remains the largest merger in business history, AOL Time Warner floundered and Case resigned from his post in January 2003, with the merger often cited as one of the worst mergers ever. After leaving the AOL-Time Warner board in 2005, Case co-found Revolution LLC.
Revolution operates three major investment funds with different focuses.
Revolution Ventures focuses on early-stage technology investments under $10 million.
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. It typically invests in two to three new companies per year, mostly on the East Coast of the United States. Its major investments have included Sweetgreen, Bigcommerce, Optoro, Handybook, and PolicyGenius.
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.
- "Revolution LLC: Private Company Information". BusinessWeek. Retrieved 2008-04-21.
- "Steve Case at IGNITION". BusinessInsider. Retrieved March 2013. Check date values in:
- "AOL and Time Warner Announce Merger". New York Times. 2012-01-10. Retrieved March 2013. Check date values in:
- Final farewell to worst deal in history - AOL-Time Warner
- "Revolution Team". Revolution. Retrieved March 2013. Check date values in:
- "Steve Case's Revolution Raises $450M Growth Fund". BusinessWeek. Retrieved March 2013. Check date values in:
- "Steve Case Fund". Mashable. Retrieved March 2013. Check date values in:
- Alden, William (4 December 2014). "Revolution Fund Invests in Sweetgreen Salad Chain". The New York Times. Retrieved 16 November 2014.
- Nassim Khadem (26 July 2013). "Start-up Bigcommerce gets 'biggest ever' $US40m capital hit from Revolution Growth". BRW. Retrieved 16 November 2014.
- Grant, Rebecca (17 July 2013). "Revolution Growth Fund invests $23.5M in Optoro to find unwanted goods a home". VentureBeat. Retrieved 16 November 2014.
- Lawler, Ryan (11 June 2014). "On-Demand Home Services Startup Handybook Raises $30M From Steve Case's Revolution Growth". TechCrunch. Retrieved 16 November 2014.
- Shieber, Jonathan. "PolicyGenius Raises $15 Million For Its Online Price Comparison Insurance Brokerage". TechCrunch. Retrieved 2016-02-01.
- Marr, Kendra (2007-08-03). "Revolution Places". Washington Post. Retrieved March 2013. Check date values in: