|By Business Wire||
|July 16, 2012 03:55 PM EDT||
Revolution LLC continues to spur the transformation of the Washington, DC area as an incubator for startups, taking leading roles in three of six deals selected as Hottest Venture Capital Deals at the 11th Annual Northern Virginia Technology Council (NVTC) Hot Ticket awards for 2012.
“It’s great to see the vibrant start up community in the Washington, DC area get its due as a growing epicenter for disruptive technology companies – many overlooked by Silicon Valley due to geographical proximity,” said Steve Case, CEO of Revolution. “While all six companies included in this year's awards deserve high praise, we are especially proud to have the honor of investing in three of them.”
Revolution Ventures investment in newBrandAnalytics, the leader in social business intelligence solutions for the restaurant and hospitality industries, was selected as the Hot Ticket winner.
Resonate, which uses a proprietary platform to enable advertisers to reach audiences based on the nuances in consumers’ belief systems and values, and Echo360, a global leader in blended learning and lecture capture serving higher-education institutions, were also recognized. Resonate and Echo360 were the second and third investments respectively of the $450 million Revolution Growth fund launched by Case, Ted Leonsis and Donn Davis in December 2011.
“At Revolution, we believe in targeting industries that are ripe for disruption,” Case continued. “The hospitality and service industry, advertising and higher education are all sectors where new, entrepreneurial approaches to harnessing technology can make a tremendous impact.”
The Hot Ticket awards showcase rising stars in the tech scene of Washington, companies which offer both a unique business model leading to successful venture funding and fast growth.
About Revolution LLC
A Washington, DC-based investment firm founded by Steve Case in 2005, Revolution’s mission is to build disruptive, innovative companies that offer consumers more choice, convenience, and control in their lives. Revolution aims to transform markets by shifting power to consumers, and seeks to create significant value for companies that are attacking large, traditional industries with innovative new products and services. The Revolution team brings proven expertise in scaling up companies and helping to expand niche ideas into mass appeal. For more information, please visit: www.revolution.com.