Revolution Ventures is back eyeing another $200m venture capital-focused fundraise, a year after it gathered $150m for its debut seed investment vehicle.
The firm invests across the business and consumer tech spaces, with portfolio companies covering sectors including FinTech, healthcare, transport, food and education, among others.
It pulled in $200m for Revolution Ventures four years ago, and it hoping to collect a similar amount for the vehicle it is calling Revolution Ventures III according to a new filing the firm submitted to the US SEC.
Revolution is led by former AOL heavyweight Steve Case, who helped launch the Washington DC-based early-stage investment house in 2005.
Case was instrumental in the growth of AOL’s predecessor business Quantum Computer Services from its launch in 1985, and became CEO of the rebranded AOL in 1991 and chairman in 1995.
Revolution raised its debut fund, a $450m growth vehicle, in in 2012, and followed that a year later with the $200m Revolution Ventures Fund.
The firm raised $525m for a vehicle called Revolution Growth III in 2016, and $150m for Rise of the Rest Seed Fund last year.
Financial services tech startups backed by Revolution include HelloWallet, which was bought by Morningstar in 2014, Revolution Money, which American Express bought in 2009, and loan origination and investing platform Insikt.
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