ImpactAlpha, November 25 — Nearly 75% of all venture capital investment goes to California, New York and Massachusetts. Revolution intentionally invests in entrepreneurs outside of those geographies.
The Washington, D.C.-based investment firm is targeting $500 million with its fourth fund, an SEC filing shows.
The announcement comes as Case seeks to raise $250 million with ex-Democratic presidential candidate John Delaney for a special purpose acquisition company to invest in companies that can benefit from “the convergence of innovation, government policy and regulation (see, “Revolution Acceleration SPAC to bet on social and environmental policy shifts”).
Chicago-based real estate platform Adobe, Dallas-based workplace startup Kanarys, and Atlanta-based retail tech company Lillii RNB are among five finalists set to pitch at Revolution’s Rise of the Rest virtual startup pitch competition for Black founders next week.