Berlin-based Revent, a specialist early-stage venture capital firm investing across Europe, announced the launch of Fund II at €100M.
The German VC’s new fund is backed by a group of investors, such as the Otto Group, Goldbeck, Wepa, and Arendt Oetker.
Additionally, the European Investment Fund is also increasing its commitment to Revent’s second fund.
Leading European founders are also investing in Fund II.
Fund utilisation
With the fund, the VC plans to invest in early-stage European companies securing societal and planetary health.
With Fund II, Revent is also introducing a new framework for assessing the long-term value creation of their investments for society, called the “Real Value Framework” (RVF).
This tool enables the team to estimate the human or natural capital a potential investment will generate and to incorporate this into the investment decision.
“With the Real Value Framework, we can estimate the economic value a startup can generate for society. We look for companies that can generate more than €100M per year of value for society and grow to more than €100M in revenues within 6 to 8 years. These companies will generate exceptional financial returns for our investors,” says Otto Birnbaum, Founding Partner at Revent.
Revent: A specialist venture fund
Launched in 2021 by Otto Birnbaum and Dr. Lauren Lentz, Revent focuses on companies across planetary and societal health, backing founders with the dual ambition to build a company that will become both big and important.
With this specialised approach, Revent has invested in several breakout companies with Fund I. Some key investments include:
- Avelios Medical – a Munich-based health company building a new healthcare operating system. It was recently backed by Sequoia.
- Tem Energy – an energy software company enabling businesses to access renewable energy at long-term competitive prices, recently backed by Atomico.
- Sylvera – a London-based company building the trusted data and ratings layer for carbon credits (last round was led by Balderton)
- Granular Energy – a Paris-based company providing 24/7 certification of the origin of energy. Its last round was led by Norrsken.
“We built Revent for founders who don’t just want to build a big company but also want to build an important company – that is, a company that brings us a big step forward toward a better future. We look for exceptional people with this ‘dual ambition’ to do something big AND important, in areas such as the energy transition, industrial decarbonisation, healthcare, and reskilling, amongst others,” says Lauren Lentz, Founding Partner at Revent.
