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Revolution
Revolution Ventures is an SEC-registered investment adviser based in Washington, DC, registered since 2013. It advises on venture capital investments.
Revolution
Revolution Ventures is an SEC-registered investment adviser based in Washington, DC, registered since 2013. It advises on venture capital investments.
General information
Firm type
Venture Capital
Year founded
2005
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Washington
Corporate office
1717 Rhode Island Ave NW, Suite 700, Washington, D.C. 20036, United States
Additional offices
260 California Street, Suite 801, San Francisco, CA 94111, United States
Principals
Steve Case
Chairman and CEO
Ted Leonsis
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Revolution?
Steve Case serves as Chairman and CEO, setting the firm’s overall direction and thesis. Ted Leonsis is a named partner, and JD Vance joined as a partner in 2017 when the Rise of the Rest Seed Fund launched. Day-to-day investment committee decisions are made by the fund-specific managing partners.
How does Revolution source proprietary deal flow?
The firm’s signature competitive advantage is the Rise of the Rest network — a program of bus tours, seed investing, and local community engagement in more than 100 cities outside Silicon Valley, New York, and Boston. This physical presence and brand-building effort connects Revolution to founders and deals that coastal-constrained funds rarely see.
Is Revolution structured as a single family office or a traditional asset manager?
Revolution is a registered asset manager, not a family office. It manages a family of institutionally backed venture capital funds — Revolution Ventures, Revolution Growth, and the Rise of the Rest Seed Fund — alongside real estate vehicles under Revolution Places.
Does Revolution participate in fund commitments or only direct deals?
Revolution operates its own branded funds and makes direct venture investments. There is no disclosed fund-of-funds program. The Rise of the Rest Seed Fund does, however, make direct investments and also bought secondary shares in StockX, suggesting opportunistic transaction flexibility.
What investment stages does Revolution typically target?
The platform spans the full lifecycle. Revolution Ventures concentrates on early-stage and Series A rounds. Revolution Growth targets later-stage, expansion-stage companies. The Rise of the Rest Seed Fund focuses on seed-stage companies in underexposed U.S. geographies.
How does Revolution’s venture capital work relate to its real estate and hospitality investments?
Revolution views ‘place’ as a core part of its investment thesis. While the venture funds and real estate vehicles (Revolution Places, Rise of the Rest Real Estate) operate under separate legal structures, they are connected by a conviction that investing in physical community assets — housing and hospitality — strengthens the ecosystems where they back tech startups.
What is Revolution’s post-IPO and post-merger posture with its portfolio companies?
The firm does not operate a permanent public-equities mandate, but its portfolio has produced multiple liquidity events, including IPOs at Tempus, CAVA, Sweetgreen, CLEAR, Sportradar, BigCommerce, and DraftKings. It retains flexibility to hold post-IPO shares, as seen with its continued recognition of Tempus after its Nasdaq listing.
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