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For more than two decades, Revolution has backed the people, places, and ideas that redefine what’s possible. From transformative technologies to iconic destinations, we back entrepreneurs shaping both the digital and physical world.
Key people at Revolution Growth.
Revolution Growth was founded in 2012 by Ted Leonsis (Co-Founder) and Steve Case (Founder).
Revolution Growth was founded in 2012 by Ted Leonsis (Co-Founder) and Steve Case (Founder).
Revolution Growth is a growth-stage investment fund under Revolution LLC that selectively invests growth capital in technology-enabled consumer businesses with the potential to disrupt large, established industries. Its mission is to back extraordinary companies and entrepreneurs who can change the world by helping them scale from niche markets to mass adoption. The fund typically invests $10 million or more in only two to three companies per year, focusing on businesses that have some revenue traction but have not yet reached mainstream adoption. Revolution Growth is highly hands-on, partnering closely with management teams over the long term to build their businesses. Key sectors include consumer technology, with notable portfolio companies such as Sweetgreen, Bigcommerce, and DraftKings. The fund plays a significant role in supporting startups outside traditional tech hubs, especially on the U.S. East Coast, thereby influencing the broader startup ecosystem by fostering regional innovation and growth[1][2][3][6].
Revolution Growth was launched in 2011 with an initial capital of $450 million by Revolution LLC, an investment firm founded in 2005 by AOL co-founder Steve Case. Key partners leading Revolution Growth include Steve Case, Ted Leonsis, and Todd Klein. The fund emerged from the founders’ vision to disrupt the concentration of venture capital in Silicon Valley by investing in promising companies primarily on the East Coast and other underserved regions. This approach aligns with Revolution’s broader mission to support entrepreneurs transforming legacy industries with innovative technology. The fund’s early strategy focused on “speed-ups” — companies that have demonstrated some market traction but need capital and operational support to scale to mass markets[1][2][6].
Revolution Growth rides the trend of decentralizing venture capital away from traditional coastal tech hubs, capitalizing on the growing innovation ecosystems across the U.S. outside Silicon Valley. This timing is critical as technology adoption and startup activity have expanded nationwide, creating opportunities in undercapitalized regions. The fund’s focus on consumer technology businesses that disrupt legacy industries aligns with broader market forces favoring digital transformation and consumer empowerment. By investing selectively and providing hands-on support, Revolution Growth helps scale companies that might otherwise struggle to access capital and expertise, thus influencing the broader ecosystem by promoting geographic diversity and sustainable growth in the tech sector[2][3][6].
Looking ahead, Revolution Growth is poised to continue its selective, high-impact investment approach, likely expanding its influence as regional tech ecosystems mature and demand for growth capital outside Silicon Valley increases. Trends such as remote work, digital consumer services, and industry disruption through technology will shape its portfolio focus. The fund’s commitment to partnering closely with entrepreneurs suggests it will remain a key player in scaling transformative companies that challenge entrenched industries. As the startup landscape evolves, Revolution Growth’s model of combining capital with operational expertise and regional focus positions it well to capitalize on emerging opportunities and deepen its impact on the national tech ecosystem[1][2][3][6].
Key people at Revolution Growth.