All Press Releases
Washington, D.C. & Mountain View, Calif. – April 2, 2015 - Today, Steve Case, chairman and CEO of Revolution and co-founder of AOL, made a surprise announcement at the second annual Google for Entrepreneurs Demo Day that he intends to invest $100,000 in each of the four female-founded startups that participated in the pitch competition. In addition to being represented by women, these companies also exemplify Case’s ‘Rise of the Rest’ concept – that great startups exist outside of the well-known Silicon Valley and New York areas. Recipients of a $100,000 investment from Steve Case during their next round of fundraising include Mati Energy (Durham, NC), InRentive (Chicago, IL), Loop and Tie (Austin, TX), and Seamless Planet (Montreal, Quebec).
Washington, D.C. - March 16, 2015 - Today Revolution, Google for Entrepreneurs, and UP Global announced the next “Rise of the Rest” bus tour which will travel through the southern U.S. from May 4th to May 8th, investing a total of $500,000 in local startups and celebrating the emerging entrepreneurial ecosystems in Richmond, Raleigh-Durham, Charleston, Atlanta and New Orleans. Led by investor and entrepreneur Steve Case, the Rise of the Rest tour brings together local entrepreneurs, investors, innovators, government leaders and other advisors to champion their startup communities.
AUSTIN, TX - March 11, 2015 - SpareFoot, the country’s largest marketplace for finding and booking self-storage, today announced it has closed a $33 million investment to accelerate its growth. SpareFoot has used a proven marketplace model to bring technology to a traditional, multibillion-dollar industry, and has become to storage what OpenTable is to restaurants, Booking.com is to travel and Zillow is to home buying. New investor Revolution Growth led the round, with participation from existing investor Insight Venture Partners and new investor Monkfish Equity.
NEW YORK - March 3, 2015 - Booker, the leading platform for service commerce, today announced that it has raised a $35 million Series C growth round of funding led by Medina Capital. The funding round includes a strategic investment by First Data, the global leader in payment technology and services solution, and investment firms Jump Capital and Signal Peak Ventures, as well as early investors including Bain Capital Ventures, Revolution Ventures, TDF Ventures, and Grotech Ventures. Medina Capital Partner Adam Smith will join Booker’s board in conjunction with the investment.
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.