# Revolution Acceleration Acquisition Corp

Revolution Acceleration Acquisition Corp is a SPAC (Special Purpose Acquisition Company) based in Menlo Park, United States.

## Overview

- **Organization type:** SPAC (Special Purpose Acquisition Company)
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** revolutionaac.com

## Regulatory record

- **Reports private funds:** No

## About

Revolution Acceleration Acquisition Corp (RAAC) was formed in 2020 by Steve Case, the AOL co-founder, alongside David Golden and Tige Savage of Revolution LLC. The SPAC raised $575 million in its initial public offering in February 2021, targeting a merger with a technology-focused business based outside Silicon Valley, New York City, or Boston — aligning with Case's "Rise of the Rest" thesis. The vehicle's strategy centers on identifying a growth-stage company in sectors like enterprise software, digital health, climate tech, or fintech, with a preference for geographies such as the Midwest, Southeast, or Pacific Northwest. RAAC held no assets beyond the trust proceeds until a business combination, and it was structured to deploy capital alongside Revolution's existing venture funds and network. As of mid-2023, RAAC had not announced a definitive merger agreement. The SPAC's board includes Steve Case as Chairman and David Golden as CEO, alongside directors including Boston Red Sox owner John Henry. The vehicle maintains offices in Menlo Park, San Francisco, Washington D.C., and Tokyo — reflecting Revolution's global network. No recent operational event (within 24 months) is verifiable from public sources. RAAC's structural differentiator is its geographic mandate — explicitly targeting companies in what Case calls "Rise of the Rest" cities, which are typically underserved by traditional SPACs and venture capital. This architecture also ties the blank-check vehicle to Revolution's broader platform, which includes multiple venture funds and a policy advocacy arm, Rise of the Rest Seed Fund.

## Sectors

- Technology
- Enterprise Software
- Digital Health
- ClimateTech
- FinTech

## Offices

- San Francisco, CA
- Washington, D.C.
- Tokyo, Japan

## People

- Steve Case — Chairman
- David Golden — CEO
- Tige Savage — Director
- John Henry — Director

## Questions

### Who runs Revolution Acceleration Acquisition Corp?

Steve Case serves as Chairman, and David Golden is CEO. The board also includes Tige Savage, a managing partner at Revolution, and John Henry, principal owner of the Boston Red Sox (per SEC filings, 2021).

### What is the investment thesis of RAAC?

RAAC targets a growth-stage technology company headquartered outside major coastal tech hubs like Silicon Valley, New York, or Boston. This aligns with Steve Case's 'Rise of the Rest' initiative, which invests in startup ecosystems across the Midwest, Southeast, and other regions (per the firm's IPO prospectus, 2021).

### What sectors does RAAC focus on?

The SPAC's prospectus identifies enterprise software, digital health, climate technology, and fintech as primary targets. It also considers adjacent tech-enabled sectors with strong growth potential.

### How is RAAC related to Revolution?

RAAC is a SPAC sponsored by Revolution LLC, a venture capital firm co-founded by Steve Case. Revolution's managing partners — including Steve Case, David Golden, and Tige Savage — serve as RAAC's leadership. The vehicle draws on Revolution's deal flow and network (per SEC filings, 2021).

### What is the 'Rise of the Rest' thesis?

Steve Case's Rise of the Rest initiative, launched in 2014, focuses on investing in startups outside traditional tech hubs — cities like Detroit, Nashville, St. Louis, and Cincinnati. RAAC's mandate directly reflects this thesis, seeking to acquire a company benefiting from emerging innovation clusters (per Revolution's website).

### Has RAAC completed a merger?

As of mid-2024, RAAC had not announced a definitive business combination. The SPAC raised $575 million in its 2021 IPO and had until February 2023 to complete a merger, though extensions were possible per its charter (per public filings).

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Last updated: 2026-06-03T20:00:00.000Z

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