Revolution raising $450 mln fund

Revolution is raising a $450 million second fund, according to an SEC filing. The fund – Revolution Growth III – is being managed by partners Steve Case, Ted Leonsis and Donn Davis.


FiscalNote attracts $10 mln Series B

Washington, DC-based legislative and regulatory analytics firm FiscalNote has secured $10 million in Series B funding. Renren led the round with participation from previous backers that included Visionnaire Ventures, New Enterprise Associates, Jerry Yang/AME Cloud Ventures, Steve Case and Mark Cuban.


PeerNova closes first tranche of $8.6 mln Series A round

Blockchain technology firm PeerNova Inc. has closed the first tranche of an $8.6 million Series A funding round led by Mosiak Partners. The funding round also includes investments from angel investor Steve Case, Ashar Aziz, Pierre Lamond, Atiq Raza, Crypto Currency Partners and others.

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peHUB Second Opinion

In Second Opinion, Steve Case talks about how startups need to “break through the clutter” to get noticed, Amazon is buying Twitch for more than $1 bln and undergraduate engineers develop a nail polish that detects date rape drugs.

Windsor Circle bags $5.25 mln Series B

Windsor Circle has closed $5.25 million in Series B funding. Comcast Ventures, the venture capital affiliate of Comcast Corp. led the round with participation from IDEA Fund Partners, Triangle Angel Partners and Steve Case. Based in Durham, NC Windsor Circle is a provider of customer retention solutions.


Automated Insights rakes in $5.5 mln Series B

Automated Insights has raised $5.5 million in Series B funding. Osage Venture Partners led the round with participation from investors that included Samsung Venture Investment Corp., the Associated Press, AOL co-founder Steve Case, Court Square Ventures, OCA Ventures and IDEA Fund Partners. In addition to the funding, David Drahms of Osage Venture Partners and Scott Frederick, chief operating officer of Automated Insights, have joined the company’s board of directors. Based in Durham, North Carolina, Automated Insights produces personalized narrative content from big data.


Steve Case pledges $100k to SolePower during Pittsburgh visit

AOL co-founder Steve Case has pledged $100,000 to Pittsburgh-based startup SolePower, which has developed technology to store human motion-generated energy in a battery that can be used to charge electronic devices. Case’s pledge came during his visit to Pittsburgh to tout the city’s entrepreneurial spirit.

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.

Venture Alpha: The Stars Came Out to San Francisco

Thomson Reuters’ Venture Alpha 2012 event Thursday in San Francisco, we heard from investing and entrepreneurial legends including Benchmark GP Bill Gurley, DCM founder Dixon Doll and AOL founder Steve Case. Visiting the InterContinental Mark Hopkins Hotel on Nob Hill, VCs, entrepreneurs and dealmakers gathered for a day-long series of talks and meetings on the state and future of the venture capital industry.

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 […]

FedBid Gets Funding from Revolution Growth Fund

FedBid, operator of the online marketplace for business-to-government e-commerce, has received an undisclosed amount of initial funding from Revolution Growth Fund. Fedbid is based in Vienna, Va. Revolution Growth Fund, a $450 million vehicle formed formed late last year by Washington entrepreneurs Steve Case, Ted Leonsis, and Donn Davis. PRESS RELEASE: Today, FedBid, Inc., which […]

RunKeeper Gets $10M From Spark, Steve Case’s Revolution, OATV

RunKeeper said Monday it raised $10 million in a round led by Spark Capital and joined by existing investor OATV, the venture arm of O’Reilly Media, and new investor Revolution Ventures, which is co-founded by Steve Case, the co-founder of AOL. The new money will enable the Boston company to expand its staff and improve […]

LivingSocial Hires Bankers Hoping to Tap Investor Interest in Internet IPOs

(Reuters) – LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said.

The three banks declined to comment.

LivingSocial, runner-up to Groupon in the fast-expanding daily deal market, is the latest Internet startup seeking to woo investors keen to pile into social media companies from LinkedIn and Twitter to Zynga and Facebook.

In April, LivingSocial raised $400 million in a round of funding that included LightSpeed Venture Partners and Amazon, giving it a value of about $3 billion.

To date, LivingSocial has raised $648 million in

Vinfolio Raises New VC Funding

Vinfolio Inc., a San Francisco-based online wine marketplace, has raised an undisclosed amount of VC funding from Steve Case’s Revolution LLC. It previously raised $4.5 million in Series A funding led by Panorama Capital.

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