Revolution’s Rise of the Rest Seed Fund

Revolution’s Rise of the Rest Seed Fund is a distinctive venture capital initiative operating under the umbrella of Revolution LLC, the Washington D.C.-based firm co-founded by internet pioneer Steve Case. The fund's core mission is to identify and invest in promising seed and early-stage companies located outside the traditional major tech hubs of Silicon Valley, Boston, and New York. This strategic focus aims to tap into the entrepreneurial talent and innovation flourishing in emerging ecosystems across the United States, often highlighted through the fund's signature 'Rise of the Rest' bus tours which visit various cities to engage with local startup communities.

The fund's investment thesis is built on the conviction that great ideas and scalable businesses are distributed nationwide, not confined to a few coastal cities. Beyond providing capital, the Rise of the Rest Seed Fund offers its portfolio companies access to Revolution's extensive network, mentorship, and strategic guidance, helping them navigate the challenges of early-stage growth. The initiative has demonstrated significant commitment to its mission through its fundraising efforts; the initial Rise of the Rest Seed Fund launched in 2017 with $150 million, followed by a second $150 million fund in 2020, and a third fund of $300 million in 2023, accumulating a total of $600 million dedicated to these regional investments.

Revolution’s Rise of the Rest Seed Fund typically writes first checks for seed-stage companies ranging from $150,000 to $500,000, providing crucial early capital to nascent ventures. As of late 2023, the fund had invested in over 200 companies across more than 40 states, showcasing its broad geographic reach and tangible impact on local economies. By democratizing access to venture capital and shining a spotlight on overlooked regions, the fund plays a vital role in fostering innovation, creating jobs, and building a more inclusive and diversified startup landscape across America.