All Press Releases
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.”
Eho360, the global leader in active and distance learning solutions, just announced the launch of a significant product update that introduces new features to their flagship solution, the EchoSystem. EchoSystem 5.4 is available to Echo360 clients today and offers new product capabilities that were developed to make it easier for instructors and institutions to support active learning.
ewBrandAnalytics (nBA) announced today that its social media intelligence platform is now monitoring more than 100,000 locations across retail, hospitality, health care, entertainment, and financial and public services after a year of significant expansion in high-growth markets. The company added more than 100 new clients to its roster in 2013, including national brands Subway, Crunch Fitness, Hyatt Hotels, Sonic, Dick’s Sporting Goods, Brinker International, Interstate Hotels, AMF Bowling and many others. Revenue increased 150 percent in 2013 over 2012, as major enterprises across a diverse range of industries joined long-time newBrandAnalytics customers such as Five Guys, Corner Bakery and Darden to access the company’s unique social intelligence insights for improved social customer relationship management.
UberMedia, based just blocks away from the final chapter of the college football BCS Bowl game in Pasadena, CA, today released its first UberInsights of 2014: a “Digital BCS Snapshot” that provides a quick view of Florida State and Auburn fans’ mobile social behavior around the 2014 BCS Championship game. The first-party data was compiled from UberMedia’s audience data platform that captures cross-screen social, location and interest signals and behavior to unlock unique consumer insights.
Inspirato LLC and Portico Club LLC today announced they have combined, joining the two fastest growing destination clubs to provide members with increased choice and added flexibility. As a result of the combination, the majority of Portico’s residence portfolio will be joined with Inspirato’s portfolio, and Portico members will be invited to join the “Inspirato with American Express” travel club without payment of initiation fees. The combined club, which will operate under the name “Inspirato with American Express” and be led by Inspirato CEO Brent Handler, will offer members more than 500 luxury vacation choices in more than 100 destinations.
AddThis today announced the appointment of Hal Muchnick as the company’s Chief Operating Officer. In his new role Muchnick will be responsible for global business operations at the company, including sales, marketing, client services, business and publisher network development.
Echo360, the global leader in active and distance learning solutions, today announced that Ruhr University Bochum is using its technology to help students manage double credit course schedules. The University has engaged in a three-year contract that provides active learning technology in 14 classrooms, making it one of the largest installations of capture technology in Germany.
sweetgreen, the fast-growing organic, farm-to-table salad shop founded in Washington, D.C., today announced a $22 million investment from Revolution Growth. As part of the investment, Revolution Growth co-founder and iconic entrepreneur Steve Case will join the company’s board and act as advisor to sweetgreen’s founders, Nicolas Jammet, Jonathan Neman and Nathaniel Ru. The investment will go towards national expansion of its stores in key markets, building its team and corporate culture, and growing community programs and marketing initiatives.