RESEARCH TRIANGLE PARK – Revolution, the venture capital fund focused on startups often ignored outside of Silicon Valley and the Northeast, has raised another $200 million fund.

Revolution, which was co-founded by Steve Case of AOL fame, has made several investments in North Carolina.

“Today, Washington, DC-based Revolution is announcing its latest fund. Revolution Ventures,  its Series A and Series B-focused outfit, has raised a $215 million third fund, almost precisely the size of Revolution Ventures I and II, which each closed on $200 million,” reports TechCrunch.

“When we started doing this, it was heretical,” Revolution co-founder Tige Savage told TechCrunch. “People who were investors thought, ‘Why would you do this? It’s not where the talent is. It’s a flawed strategy.’ Well, nobody says that anymore. Lots of firms are now talking about this pretty actively.”

The details are linked below:

With its third fund, Revolution Ventures stays true to its mission