Self-storage marketplace SpareFoot snags $33 mln

SpareFoot, an Austin-based online marketplace for self-storage, has received $33 million in funding. Revolution Growth led the round with participation from Insight Venture Partners and Monkfish Equity. In conjunction with the financing, Scott Hilleboe, a partner at Revolution Growth, and entrepreneur Rony Kahan, co-founder and chairman of job search engine Indeed, have been appointed to SpareFoot’s board of directors.


Optoro nets $50 mln Series C in KPCB-led round

Optoro has raised $50 million in Series C funding in a round led by Kleiner Perkins Caufield & Byers. Other investors were Generation Investment ManagementRevolution Growth, Grotech Ventures and SWaN & Legend Venture Partners. In conjunction with the funding, Daniel Oros, a partner at KPCB, has been added to its board. Based in Washington, D.C. and Maryland, Optoro is a provider of solutions that lets retailers and manufacturers increase revenue from returned and excess inventory.


Salad chain Sweetgreen bags $18.5 mln

Sweetgreen, a Washington, D.C.-based organic salad chain, has raised $18.5 million in funding, the company announced in a blog post on its site. Revolution Growth led the round. To read more about the financing, visit here.


Learning platform Echo360 nets $18 mln Series C

Echo360, a learning platform provider, has raised $18 million in Series C funding. Duchossois Capital Management and a private family office led the round with participation from SWaN & Legend, CNF Investments and previous backer Revolution Growth.


VC-backed Handy buys Mopp

New York City-based on-demand home cleaning and repair service Handy (formerly known as Handybook) has acquired UK-based cleaning service Mopp, the latter confirmed in a blog post on its site. No financial terms were disclosed. Handy’s backers include Revolution Growth, General Catalyst and Highland Capital. To read the announcement, visit here.


Revolution Growth leads Series B round for Handybook

Handybook, a New York City-based on-demand home cleaning and repair service, said Wednesday that it has raised $30 million in Series B funding. Revolution Growth led the round with participation from previous backers Highland Capital Partners and General Catalyst Partners. According to the firm, the capital will be used for personnel hiring and product building.

VC-backed Bigcommerce announces new hires

Bigcommerce has named West Stringfellow as chief product officer and Ron Pragides as vice president of engineering. The firm has also opened a new office in San Francisco. An e-commerce platform for SMBs, Bigcommerce is backed by Steve Case’s Revolution Growth, General Catalyst Partners and FLOODGATE.

Echo360 Acquires Social Learning Tool ThinkBinder

Echo360, an active learning platform, has acquired ThinkBinder, a social collaboration tool that enables peer-to-peer functionality within centralized online study groups. Echo360 is backed by Revolution Growth led by Steve Case, Ted Leonsis and Donn Davis.

Revolution Growth Backs Education Through Echo360

Echo360, a platform which delivers classroom lecture and supplemental materials to higher-education institutions has secured backing from Revolution Growth. The business will use the funding to accelerate the deployment of its transformative technology platform in colleges and universities with the aim of reaching 50 percent of all U.S. college students within five years. Echo360 is […]

Steve Case: Washington is No Also-Ran

Recently, Washington Post columnist Steve Pearlstein wrote a wake-up call to the nation’s capital. In it, he argued that while “local economic boosters love to remind anyone who will listen that the Washington region boasts the greatest concentration of technical or knowledge workers in the country,” the claim is “misleading.” The reality, wrote Pearlstein, is that […]

Revolution Growth Closes Fund with $450M

Revolution Growth, which is led by former America Online executives Steve Case, Ted Leonsis and Donn Davis, has closed its new fund with $450 million in commitments. The Hillman Company is among the fund’s 24 limited partners, according to a written release from Revolution.

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