Revent Secures €100 Million Fund II to Boost Planetary and Societal Health Startups
The European venture capital firm Revent has successfully closed its second fund, raising €100 million (approximately $109 million) to invest in startups aimed at enhancing planetary and societal health. This move emphasizes the ongoing relevance of environmental and social considerations in the investment landscape.
A Vision for Progress
Founded in 2021 in Berlin by Otto Birnbaum and Lauren Lentz, Revent adheres to a principle that ambitious entrepreneurs seek to develop companies that contribute significantly to societal advancements. The firm’s focus on such innovative ventures suggests a potential for substantial value creation in a changing global climate.
Support from Notable Limited Partners
Revent’s latest fund has garnered backing from a diverse group of limited partners (LPs). Notable supporters include well-established companies such as:
- Otto Group
- Goldbeck
- Wepa
- Oetker
- Beiersdorf
- Hymer
Additionally, the European Investment Fund has increased its commitment to Revent’s second fund, highlighting confidence in the firm’s mission.
Investment Focus Areas
Lentz explained that the fund is specifically targeting startups involved in:
- Energy transition
- Industrial decarbonization
- Healthcare innovations
- Climate solutions
- Economic empowerment
- Reskilling initiatives
Since its inception, Revent has invested in 26 companies across various sectors, primarily in climate and health tech domains, experiencing robust growth and attracting attention from major investors.
Adapting to the Macro Environment
In light of recent geopolitical shifts, Revent has adapted its positioning. Lentz remarked, “We’ve always tried to position ourselves as a performance-focused fund, investing in planetary and societal health for long-term value creation.” This strategic approach has resonated with a broader audience amid current macroeconomic conditions.
Long-Term Investor Confidence
According to Lentz, Revent’s LPs maintain a long-term outlook, unperturbed by the current situation in the U.S. investment landscape. They believe in the importance of investing in societal and environmental challenges, allowing Europe to assert its values through strong investments in these vital areas.
The Future of Investment in Europe
Lentz anticipates a surge in capital allocation toward emerging themes like re-industrialization, European sovereignty, and defense capabilities. She posits that Europe may witness a rise in specialist funds dedicated to these sectors, reinforcing the continent’s commitment to technology and innovation.
Currently, the Revent team operates from various locations including Berlin, London, and Paris, with the addition of a venture partner based in San Francisco, enhancing its global outreach and collaboration.