Revolution raises $150m

The Washington, D.C.-based firm closed its second early stage fund.

Revolution held a final closing of Rise of the Rest Seed Fund II at $150 million, meeting its $150 million target. The venture capital fund follows its predecessor, Rise of the Rest Seed Fund, which closed in December 2017 and also raised $150 million.

Fund II received capital commitments from several high-profile investors including Jeff Bezos, Ray Dalio, Dan Gilbert, David Rubenstein and the Koch family. The firm will use this capital to invest in startups throughout the United States across diversified sectors.

Founded in 2005, Revolution targets US-based private equity and real estate investments, with its Rise of the Rest Seed Funds devoted entirely to early stage companies. The firm has offices in Washington, D.C. and San Francisco.