Revolution, the investment firm behind the $450 million Revolution Growth Fund which has made investments in LivingSocial and Revolution Money, now has raised $200 million for an early stage venture fund. Revolution Ventures will be headquartered in Washington DC and the press release makes a huge deal about it investing outside Silicon Valley. However, its only other office is in San Francisco. Revolution’s previous early stage investments, RunKeeper, BenchPrep, HomeSnap and Booker Software will be rolled into this fund.

Comments have been disabled for this post