All Press Releases

The Revolution Growth fund today announced a $40 million investment in CustomInk, the web-based, market-leading custom t-shirt company for groups and occasions. The investment will support CustomInk’s rapid expansion and new growth initiatives as it approaches $200 million in annual revenues, with year over year growth of 50 percent. As part of the transaction, Ted Leonsis, co-founder of Revolution Growth, will join CustomInk’s board of directors.
In June 2012, Detroit Public Schools (DPS) adopted FedBid, the fully managed online marketplace offering a better way for governments,business and educational institutions to buy goods and simple services. This marked a first, not only for DPS, but also for FedBid, who had only recently opened up their public sector-proven marketplace’s doors to the K-12 education segment. The results of this marketplace “first” are in, and the numbers tell a story of a partnership and solution that has delivered significant wins for both organizations.
Bigcommerce, the fastest growing e-commerce platform for businesses of all sizes, announced today the company will be the first ever host of the E-Commerce Circle for the fourth annual Global Startup Battle (GSB) produced by Up Global. GSB is an annual event that brings together a global community of entrepreneurs competing in a worldwide startup competition with the winners bringing home a variety of prizes. The competition will be held on November 15 and November 22 in conjunction with Global Entrepreneurship Week, and is expected to attract 20,000+ entrepreneurs, mentors, coaches, special guests, celebrities, and more.
That’s why schools are keenly interested in helping students boost their scores. Many schools use CollegeOnTrack with their 5th- through 12th-graders to build college and career readiness with lesson plans,digital portfolios, student assessments, and grade books. Now they can also offer standardized test preparation to their students, thanks to a new collaboration with BenchPrep.
Resonate, the only marketing intelligence company that delivers media and analytics based on “why” consumers make decisions, has expanded its geographic reach and strengthened its expertise with the addition of nine sales and account management executives. Per the latest publicly released figures as reported in the Inc. 5000, Resonate has grown at more than 300% over the past three years.
Resonate, the only company that lets marketers act on why people make decisions, has revealed key motivations behind why millennials are buying fewer cars. And, contrary to many of the reasons cited in hundreds of articles and reports, the bottom line is clear – they don’t have enough money to buy vehicles due to the continuing weak economy.
NewBrandAnalytics (nBA), the social media intelligence expert for the food and beverage, hospitality, and retail industries, has been selected by the restaurant development and management company Farmers Restaurant Group (FRG) to provide social media monitoring and operational intelligence for its three award-winning locations in the D.C. metro area.
Revolution’s first fund aimed at early-stage investments – the Revolution Ventures fund – announced that it expects to close on $200 million in commitments later today, surpassing the fund’s target of $150 million set earlier this year. Steve Case, Tige Savage, and David Golden will lead the Revolution Ventures fund, which is believed to be the largest first-time venture fund launched outside of Silicon Valley since the 2008 financial crisis. Ted Leonsis is also backing the fund, both contributing his early-stage deal flow to it, and acting as an investor. The Fund was raised in just eight months, much faster than the industry’s typical 18-24 month cycle.
AddThis today announced the appointment of Richard Harris as Chief Executive Officer of the company. Harris succeeds Ramsey McGrory, whoheld the role of CEO since October 2011. McGrory will now serve in an advisory role to the company. Harris joined AddThis as Chief Financial Officer earlier this year and brings a wealth of knowledge from nearly two decades with technology start-ups. “AddThis tools are now used by millions of websites around the world to help streamline social engagement and analytics,” said Richard Harris, CEO, AddThis. “I am thrilled to be leading such an innovative company during its next phase of growth.”
LivingSocial, the local marketplace to buy and share the best things to do in your city, is expanding its Los Angeles-area sales force to meet the growing demand from local merchants and customers. The company, which currently has 30 employees in the Los Angeles area office, expects to add 50 new inside sales positions over the coming months.
Portico SM, a private club featuring luxury residences in the world’s most sought-after destinations, announced today, that it will join Virgin America’s Elevate® frequent flyer program as the airline’s first residence-style alternative to the traditional hotel stay. Starting now, Elevate® frequent flyers can earn 35,000 points when they join Portico, gaining access to more than 250 homes in over 72 destinations around the world. As a bonus, Elevate members who join before November 15, 2013 will receive an additional 10,000 Elevate® points courtesy of Portico.*
Bigcommerce, the leading e-commerce platform for fast-growth businesses, and Stripe, the easiest way to accept card payments online, today announced UK availability. The new integration with Stripe?s Connect platform now enables UK-based merchants using Bigcommerce to accept online payments in minutes - not days or weeks. Many entrepreneurs who run online businesses know that taking payments isn?t allthat easy. Merchant accounts, payment gateways, forms to fill out, and activation waiting periods can lead to frustrations, especially when you?rejust starting out and want to make money quickly. Stripe?s solution is simple and fully integrated into the Bigcommerce platform, making it easier for businesses to accept payments from customers directly on their own site.

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