Revolution Growth

Revolution Growth is a prominent Washington, D.C.-based venture capital fund, forming a key part of the broader Revolution LLC investment firm founded by AOL co-founder Steve Case. The fund specifically targets growth-stage companies across a diverse range of sectors, including healthcare, financial technology, e-commerce, and consumer brands. A distinctive aspect of Revolution Growth's strategy is its focus on investing in businesses located outside of traditional coastal tech hubs, aligning with Steve Case's "Rise of the Rest" philosophy to foster innovation nationwide. They seek companies with proven business models, substantial revenue, and strong management teams poised for significant scaling.

The firm provides substantial capital to support its portfolio companies' expansion, typically deploying initial checks ranging from $25 million to $100 million. This significant investment size allows them to take meaningful stakes in established companies looking to accelerate their market penetration or product development. Revolution Growth aims to be a strategic partner, leveraging its extensive network and operational expertise to help these companies navigate the complexities of scaling. Their investment thesis emphasizes long-term value creation and supporting companies that are not only financially robust but also have a positive impact on their respective industries.

Revolution Growth has successfully raised multiple funds, demonstrating consistent investor confidence. Their most recent fund, Revolution Growth IV, closed in 2021 with $600 million in committed capital, bringing the total capital raised specifically for their Growth funds to over $2 billion. This substantial capital base enables them to continue backing promising enterprises across the United States. Notable past investments include companies like Sweetgreen, Sportradar, and DraftKings, showcasing their ability to identify and support high-potential businesses that have achieved significant market traction and often become household names. The fund's approach underscores a commitment to fostering entrepreneurial ecosystems beyond Silicon Valley, contributing to a more geographically diverse innovation landscape.