Two years after launching the first Rise of the Rest Seed Fund, D.C.-based Revolution said Monday that it closed a second $150 million fund to invest in early-stage companies that are based outside Silicon Valley, New York and Boston.
The second fund received investment from business leaders in the region including Monumental Sports and Entertainment CEO Ted Leonsis, Carlyle Group CEO David Rubenstein and Under Armour founder Kevin Plank. The list of big names backing the fund also include Amazon’s Jeff Bezos, Google’s Eric Schmidt and former U.S. CTO Megan Smith.
Image: Steve Case speaks during a Rise of the Rest tour stop in Baltimore. (Photo by Stephen Babcock)
