On January 17th, the Revolution Growth fund announced its first investment in Vienna based FedBid. As Ted Leonsis explained, FedBid “has the potential to revolutionize the way the federal government buys goods and services by creating a fully managed online marketplace in which companies compete to sell to the government – saving taxpayers hundreds of millions of dollars, improving transparency, and opening doors for small businesses.”
Ted shared further insights about the hopes for Revolution Growth’s investment in FedBid in a Washington Post article:
