Berlin-based Revent, the specialist VC Agency constructed for Founders fixing mission-critical issues, pronounces the launch of Fund II, a €100 million car devoted to investing in early-stage European firms securing societal and planetary well being.
Revent’s new fund is backed by the Otto Group, Goldbeck, Wepa and Arendt Oetker. The European Funding Fund can also be growing its dedication in Revent’s second fund.
“We constructed Revent for Founders who don’t simply wish to construct an enormous firm, but additionally wish to construct an necessary firm – that’s, an organization that brings us an enormous step ahead towards a greater future. We search for distinctive folks with this ‘twin ambition’ to do one thing massive AND necessary, in areas such because the vitality transition, industrial decarbonisation, healthcare, and reskilling, amongst others,” stated Lauren Lentz, Founding Accomplice at Revent.
Revent was launched in 2021 by Otto Birnbaum and Dr. Lauren Lentz, with the concept that essentially the most formidable entrepreneurs wish to construct firms that drive societal progress – and, consequently, turn out to be extremely priceless. As a agency, Revent appears to be like to create a house for high expertise who’ve this twin ambition. With this specialised method Revent has invested in plenty of breakout firms with Fund I. Some key investments embody:
- Avelios Medical: a Munich-based well being firm constructing a brand new healthcare working system, just lately backed by Sequoia
- Tem Vitality: an vitality software program firm enabling companies to entry renewable vitality at long-term aggressive costs, just lately backed by Atomico
- Sylvera: a London-based firm constructing the trusted knowledge and scores layer for carbon credit (final spherical was led by Balderton)
- Granular Vitality: a Paris-based firm offering 24/7 certification of the origin of vitality (final spherical was led by Norrsken)
Constructing on the success of its first fund, Revent continues to again firms that generate distinctive monetary returns whereas driving the important thing transitions required to “construct a more healthy, fairer, and a extra resilient future for the following generations“.
With Fund II, Revent can also be introducing a brand new framework for assessing the long run worth creation of their investments for society, referred to as the ‘Actual Worth Framework’ (RVF). This proprietary software permits the staff to estimate the human or pure capital a possible funding will generate, and to include this into the funding determination.
“With the Actual Worth Framework we will estimate the financial worth a startup can generate for society. We search for firms that may generate greater than €100 million per 12 months of worth for society and develop to greater than €100 million in revenues inside 6 to eight years. These firms will truly generate distinctive monetary returns for our buyers,” says Otto Birnbaum, Founding Accomplice at Revent.
In accordance with Revent, they’ve delivered high efficiency, rating within the high 10% efficiency bracket – as per the newest Cambridge Associates international VC benchmarking.
