All Press Releases
Washington, D.C. – December 10, 2014 -- Optoro Inc., a cloud-based technology company that enables retailers and manufacturers to increase their revenue from returned and excess inventory, today announced that it has closed a $50 million Series C funding. The funding round was led by Kleiner Perkins Caufield & Byers (KPCB) joined by Generation Investment Management (Generation) with participation from existing investors Revolution Growth, Grotech Ventures and SWaN & Legend Venture Partners. KPCB Partner Daniel Oros will join the board.
San Francisco – December 9, 2014 – Insikt (pronounced “in-seekt”), a pioneering Lending as a Service (LaaS) company, announced that it has raised more than $100 million, to date, and recently closed a Series B led by Revolution Ventures. Existing investors Firstmark Capital and Serengeti Asset Management joined strategic investors Jefferies and Atalaya Capital Management to participate in the round. Angel investors have included Phil Purcell, Mark Troughton, Tom Villante, Pete Briger, Dan Carroll, Jason Fish, and Matt Coffin. The company has also secured more than $70 million in credit facilities from Atalaya Capital, Capital One, Northeast Bank, and Silicon Valley Bank.
AUSTIN, Texas — November 19, 2014 — Bigcommerce, the ecommerce platform of choice for fast-growing brands, today announced it has raised $50 million in Series D funding. The company will use the funds to invest in product development, aggressively grow sales and marketing, and expand its business to new markets. The financing was led by SoftBank Capital, a venture firm affiliated with SoftBank Corp., and included Telstra Ventures and American Express, as well as existing investors General Catalyst and Revolution Growth. Steve Murray, a partner at SoftBank Capital, will join the Bigcommerce board.
Washington, D.C. – November 19, 2014 – sweetgreen, the seasonal kitchen and lifestyle brand with 27 locations along the East Coast, today announced an $18.5 million investment led by Revolution Growth and additional strategic investors including Stonyfield Farm Founder/Chairman Gary Hirshberg, Behance’s Founder and CEO Scott Belsky, and restaurateurs Danny Meyer and Daniel Boulud.
RESTON, VA- November 12, 2014 - Echo360, the global leader in digital technologies that improve learning, today announced it has closed a Series C growth equity round co-led by Duchossois Capital Management and a private family office. The financing will be used to accelerate deployment of the newly launched Echo360 Active Learning Platform, a SaaS learning and analytics solution for higher education.
Today, Revolution, UP Global and Google for Entrepreneurs, the presenting partners of the Rise of the Rest Road Tour, announced the finalists for pitch competitions happening in five Midwest cities: Madison, Minneapolis, Des Moines, Kansas City and St. Louis. One winner in each city will receive a $100,000 personal investment from Steve Case and a trip to the 2015 SXSW®Startup Village in Austin, TX for a special “Rise of the Rest” pitch competition, where they will vie for additional funding.
Washington, D.C. – August 27, 2014 – Today, Revolution, UP Global, Google for Entrepreneurs, Engine Advocacy and Startup Grind announced that they are teaming up for a second Rise of the Rest Road Tour to spotlight startup communities in the heart of the United States. The tour, spearheaded by investor and entrepreneur Steve Case, will kick off on October 6th and visit five Midwest cities: Madison, Minneapolis, Des Moines, Kansas City and St. Louis. The goal is to catalyze entrepreneurship and celebrate its progress by recognizing the critical role that startups play in growing our economy, driving innovation, and fostering community development.
Washington, D.C. and Baltimore, MD – August 20, 2014 — Baltimore-based online and mobile food ordering and delivery service OrderUp today announced it raised $7 million in Series A venture funding led by Revolution Ventures with participation from Tim O’Shaughnessy, co-founder of LivingSocial. The new investment will fund the acceleration of the company’s national growth plan and the continued development of its delivery technology and services. OrderUp will also open two offices in New York City and Boulder, Colorado to build out their development and marketing teams. Revolution Ventures managing partner, Tige Savage, will join OrderUp’s board of directors along with Chris Brandenburg, co-founder of Millennial Media.
Worldwide bus travel booking leader Busbud announced the closing of a $9 million Series A funding round, co-led by OMERS Ventures and Revolution Ventures. iNovia Capital and Real Ventures, who co-led an initial $1.2 million seed round in May 2013, are also participating in the round.
New York City-based startup Handybook, the leading on-demand home cleaning and repair service, today announced it has closed a $30 million Series B investment round led by Revolution Growth, the $450 million fund co-founded by Steve Case, Ted Leonsis and Donn Davis. Existing investors Highland Capital Partners and General Catalyst Partners also participated in the round. Handybook has now raised $49 million in total capital. With the new investment, Handybook will continue to build the team and product necessary to deliver a great consumer experience to meet growing demand across its 26 cities.
Revolution Foods, the preeminent provider of healthy, kid-inspired school meals and retail products, today announced a significant new investment from Revolution Growth. As part of the investment, Steve Case will join the company’s board. The investment will help Revolution Foods expand its school meal service and line of ready-to-eat Meal Kits into new schools and stores, providing more American families with access to affordable, delicious healthy food.
Revolution and UP Global today announced that they will embark on a four city, four day bus tour through the heart of America. Spearheaded by Steve Case, the tour will highlight emerging startup communities and bring attention to a rise of the entrepreneurial rest that is taking place throughout the United States. “It’s important to remember that America itself was once a startup, and became the greatest economy in the world thanks to the efforts of entrepreneurs who built not just companies, but entire industries in the heart of the country,” said Case. “This journey - covering nearly 1,000 miles - will showcase emerging entrepreneurial ecosystems that will play a critical role in rebuilding the American economy and creating new middle class jobs.”