D.C. venture firm Revolution is rolling out a new seed fund that’s designed to help entrepreneurs in cities outside of San Francisco, New York and Boston.
The $150 million Rise of the Rest Seed Fund is looking to make deeper investments in startups than the $100,000 checks cut at stops on Steve Case’s bus tours.
According to a blog post from the AOL cofounder, the fund will make initial investments up to $1 million. The fund won’t lead rounds or provide board members, and will look to partner with other regional investors on a deal. It will seek to contribute about 10-20 percent to a round.
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