Case’s Revolution Fund Invests in Supplier of Children’s Lunches

The New York Times
June 3, 2014

By William Alden

Stephen M. Case, the investor and co-​​founder of AOL, is tak­ing an increas­ing inter­est in the food business.

The Rev­o­lu­tion Growth fund, which Mr. Case started with two for­mer AOL col­leagues, is expected to announce on Wednes­day that it has invested in Rev­o­lu­tion Foods, an Oak­land, Calif., com­pany that makes health­ier lunch meals for chil­dren. The invest­ment is worth $30 mil­lion, accord­ing to a per­son briefed on the mat­ter but not autho­rized to dis­cuss it publicly.

It is the sec­ond food-​​related deal for Mr. Case’s fund, which invested in Sweet­green, a “farm-​​to-​​table” salad chain, late last year. While the fund is bet­ter known for back­ing tech­nol­ogy com­pa­nies, Mr. Case said that the food busi­ness — whether it’s school lunches or restau­rant sal­ads — was “ripe for disruption.”

Food is a big part of our lives, and health­ier options are going to become increas­ingly impor­tant,” said Mr. Case, who is join­ing the board of Rev­o­lu­tion Foods as part of the investment

For the full arti­cle, please visit The New York Times.