About Revolution
Revolution is a venture capital firm founded in 2004. It is primarily based out of Washington, DC, United States. As of Jul 2026, Revolution is an active investor, having invested in 337 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Series A round of Buildforce Overall, Revolution portfolio has seen 10 unicorns, 10 IPOs and 79 acquisitions including key companies like DraftKings, Scopely and Sweetgreen. A lot of funds co-invest with Revolution, with names like Alumni Ventures sharing a substantial percentage of its portfolio. Revolution has team of 19 people including 10 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 8 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
Revolution's List of Top Investments
Revolution has a portfolio of 337 companies, including 10 unicorns. Their most notable investments are in CustomInk and Loloft.Their portfolio spans across United States, United Kingdom, Puerto Rico and 6 more locations. They have invested in Enterprise Applications, Consumer, Retail and 34 other sectors, across stages such as Seed, Series A and 8 more. Here is the list of top investments by Revolution:
1. DraftKings
Platform providing online solutions for fantasy sports and sports betting. It is a leading online platform offering daily fantasy sports and sportsbook services including real money betting and fantasy sports contests. They operate a user friendly website and mobile app providing a range of sports and entertainment options for enthusiasts.
Key facts about DraftKings
- Founded Year: 2012
- Location: Boston (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $719M
- Employee Count: 5,802 as on Sep 30, 2026
- Investors: Atlas Venture, Schechter and 49 Others
- Latest Funding Round: Post IPO, Sep 02, 2020, $*****
- Highlight: Public
2. Scopely
Developer of interactive entertainment and video games across multiple platforms. The company creates, publishes, and operates immersive games. It utilizes a technology platform to support a diversified portfolio in the games industry. The company focuses on building long-lasting game experiences.
Key facts about Scopely
- Founded Year: 2011
- Location: Culver City (United States)
- Annual Revenue: £1M - £10M as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.02B
- Employee Count: 3,897 as on Sep 30, 2026
- Investors: InvestX, K2 Global and 70 Others
- Latest Funding Round: Series E, Oct 28, 2020, $*****
- Highlight: Acquired
3. Sweetgreen
Restaurant chains offer salads and meal bowls. Its other products include chicken items, kid's meals, local food dishes, desserts, and drinks. It also provides customized food platters and supply network services.
Key facts about Sweetgreen
- Founded Year: 2006
- Location: Los Angeles (United States)
- Annual Revenue: $500M - $1B as on Dec 28, 2025
- Stage: Public
- Total Funding till date: $479M
- Employee Count: 2,868 as on Sep 30, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 43 Others
- Latest Funding Round: Series I, Sep 23, 2019, $*****
- Highlight: Public
4. Tala
Provider of financial infrastructure and credit decision models. This entity develops risk intelligence and underwriting engines designed to facilitate access to credit. The technology utilizes behavioral data to assess creditworthiness and enable financial transactions through digital interfaces.
Key facts about Tala
- Founded Year: 2011
- Location: Santa Monica (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $346M
- Employee Count: 906 as on Sep 30, 2026
- Investors: Western Technology Investment, Founders Circle Capital and 51 Others
- Latest Funding Round: Conventional Debt, Mar 20, 2025, $*****
- Highlight: Editors' Pick
5. Upside
Provider of digital platforms facilitating cash back for consumer purchases. This service enables individuals to receive financial rebates on transactions made at participating retailers. Users link payment cards to the application to track spending and claim rewards on eligible transactions. The system processes these rebates for transfer to bank accounts or conversion into retail gift cards.
Key facts about Upside
- Founded Year: 2016
- Location: Washington, DC (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $250M
- Employee Count: 428 as on Sep 30, 2026
- Investors: Capital One Ventures, DCVC and 17 Others
- Latest Funding Round: Series D, Apr 26, 2022, $*****
- Highlight: Editors' Pick
Revolution's Year-on-Year Investment Trends
Revolution has invested in 342 companies over the last 22 years, with an average of 17 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Jul 2026, it has made 2 investments in this year. Its most recent first time investment was in Buildforce and most recent follow-on round was in Kashable.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 2 | 2 | 4 |
2024 | 5 | 2 | 7 |
2023 | 4 | 11 | 15 |
2022 | 28 | 19 | 47 |
2021 | 32 | 17 | 49 |
2020 | 22 | 14 | 36 |
2019 | 24 | 14 | 38 |
2018 | 39 | 9 | 48 |
2017 | 12 | 7 | 19 |
Revolution's Investments by Stage
Revolution has made 74 investments in Seed stage with an average round size of $3.36M, 71 investments in Series A stage with an average round size of $11.7M and 34 investments in Series B stage with an average round size of $24.6M.Stage of entry | No. of Investments |
|---|---|
Seed | 74 |
Series A | 71 |
Series B | 34 |
Series C | 17 |
Series D | 8 |
Others | 13 |
Note: We have considered here, only first round of investments
Revolution's Investments by Sector
Revolution has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Vertical SaaS, FinTech and Retail. Notably, it has invested in 302 Tech companies, 218 Enterprise (B2B) companies, 176 Software companies and at least 133 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 111 |
Consumer | 60 |
Vertical SaaS | 34 |
FinTech | 32 |
Retail | 29 |
Others | 251 |
Note: We have considered here, only first round of investments
Revolution's Investments by Geography
Revolution has made most investments in United States (207), followed by United Kingdom where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 207 |
United Kingdom | 3 |
Canada | 1 |
China | 1 |
India | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Revolution's recent investments
Revolution has made 2 investments in 2026 so far - Buildforce and Kashable.Here are the most recent investments by Revolution:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 28, 2026 | United States | Series A | 6114 | ||
Apr 27, 2026 | United States | Series C | 5274 | [+1] | |
Sep 16, 2025 | United States | Seed | 8999 | [+4] | |
Jul 31, 2025 | United States | Series A | 5020 | [+5] | |
Feb 24, 2025 | United States | Series A | 5979 | [+11] |
Unicorns in Revolution's Portfolio
Revolution has 10 unicorns in its portfolio - Hermeus, Pathos, Branch and others. The most recent unicorn in their portfolio is Hermeus. It became a unicorn in 2026, 5 years after Revolution first invested in it.Here is a list of unicorns in Revolution's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Manufacturer of supersonic aircraft | 2018 | Atlanta | Series C | upvozsx | ||
60 | Provider of AI based drug discovery platform for drug development | 2022 | Chicago | Series D | ixwfeov | ||
63 | Provider of auto and home insurance solutions | 2017 | Columbus | Series D | ixbe{gg | ||
79 | Provider of digital platforms facilitating cash back for consumer purchases | 2016 | Washington, DC | Series D | qfqgdhl | ||
66 | Cloud based business incorporation platform | 2017 | Austin | Series C | dqddcsu |
IPOs and Publicly Listed companies in Revolution's Portfolio
10 of Revolution's portfolio companies have become public. FiscalNote got listed on the OTC Markets (OTCMKTS), in Apr 2026 and Tempus got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $5.92B.Here are Revolution's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 06, 2026 | Dec 04, 2020 | Series C | 3345 | |
Jun 14, 2024 | Sep 22, 2017 | Series C | 7743 | |
Jun 15, 2023 | Sep 24, 2015 | Series B | 7238 | |
Nov 18, 2021 | Dec 03, 2013 | Series D | 1225 | |
Sep 14, 2021 | Oct 27, 2015 | Series B | 5634 |
Acquired companies in Revolution's Portfolio
79 companies from Revolution's portfolio have been acquired. The most recent acquisition was 86 Repairs in Jun 2026 by Parts Town for $*****.Here are Revolution's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2026 | Jul 23, 2021 | Seed | 3744 | |
Apr 30, 2026 | Apr 07, 2016 | Series A | 2619 | |
Mar 23, 2026 | - | - | 7117 | |
Mar 09, 2026 | May 29, 2019 | Series D | 4012 | |
Feb 19, 2026 | Feb 14, 2018 | Series A | 2079 |
Team profile of Revolution
Revolution has a team of 19 members including 10 Partners, 2 Venture Partners and 1 Principal located in United States. Revolution's team sits on the board of 2 companies.Here is a list of top team members in Revolution:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Washington | - | - | |
Partner | San Francisco | - | ||
Partner | Bethesda | - | - | |
Partner | Cincinnati | - | - | |
Partner | Washington, DC | - | - | |
Partner | New York City | - | - | |
Partner | New Canaan | - | - | |
Partner | San Francisco | - | - | |
Partner | Kenilworth | - | - |
Co-investors of Revolution
Over the past 22 years, 1558 investors have co-invested in Revolution's portfolio companies. This includes funds and angels.
- Invested before Revolution: Techstars, New Enterprise Associates and 480 others have invested in rounds before Revolution. There are 9 companies where Techstars has invested before Revolution and 6 companies where New Enterprise Associates has invested before Revolution.
- Top Co-investors of Revolution: 539 investors entered a company along with Revolution. These include investors like Alumni Ventures (7 companies).
- Invested after Revolution: A total of 537 investors have invested in Revolution's portfolio after their investments. Top Investors include T. Rowe Price (5 companies), SVB (5 companies) and Baillie Gifford (4 companies).
Recent News related to Revolution
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Kashable Raises $60M Series C Led by Goldman Sachs to Expand Employer-Backed Personal LoansBEAMSTART•Apr 27, 2026•Goldman Sachs, Revolution, Kashable, EJF Ventures
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ProRataAI Secures $40M to Advance AI Tools for PublishersSiliconAngle•Sep 06, 2025•ProRata.ai, Touring Capital, Idealab Studio, MVP Ventures and 4 others
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Knit Raises $16.1M in Series A Funding
FinSMEs•Jul 31, 2025•Sound Ventures, GFT Ventures, Knit, Silicon Road Ventures and 3 others
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Wagmo raises $12.5M to offer pet insurance (and a lot more)TechCrunch+•Jul 15, 2025•Wagmo, Revolution
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Palla Raises $14.5M for Cross-Border PaymentsFinextra•May 29, 2025•Palla Financial, Revolution, Y Combinator, Cowboy Ventures and 6 others
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Hidden Level raises $65M for drone detection systemThe Robot Report•Feb 07, 2025•Hidden Level, DFJ Growth, Booz Allen Hamilton, Revolution and 6 others
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Drone defense startup Hidden Level raises $65M for growth and security initiativesSiliconAngle•Feb 04, 2025•Hidden Level, DFJ Growth, Booz Allen Hamilton, Revolution Medicines and 6 others
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Carbon Robotics Raises $70 Million Series D Investment Roundintelligence360•Oct 31, 2024•Carbon Robotics, Anthos Capital, FUSE, Ignition Partners and 6 others
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Pathos Ai Closes $62m Oversubscribed Series C Round Of Financing To Accelerate Its Platform Approach To Drug DevelopmentBenzinga•Oct 29, 2024•Pathos, New Enterprise Associates, Revolution, Lightbank and 1 other
