Steve Case, the co-founder of AOL, and two former AOL colleagues Ted Leonsis and Donn Davis, have raised a $450 million venture capital fund called Revolution Growth Fund. The fund will invest in innovative, high growth companies and will have an East Coast focus. The fund is expected to make 10-12 investments over five years, and expect the typical investment to be $25 to $50 million. The Revolution web site can be found here.
Revolution press release: http://revolution.com/press-release/steve-case-ted-leonsis-and-donn-davis-close-450-million-commitments-revolution-growth
Revolution letter on the fund: http://www.revolution.com/our-investments/revolution-growth/letter
Dealbook article: http://dealbook.nytimes.com/2011/12/01/steve-case-raises-450-million-venture-fund/
Revolution press release: http://revolution.com/press-release/steve-case-ted-leonsis-and-donn-davis-close-450-million-commitments-revolution-growth
Revolution letter on the fund: http://www.revolution.com/our-investments/revolution-growth/letter
Dealbook article: http://dealbook.nytimes.com/2011/12/01/steve-case-raises-450-million-venture-fund/
