It seems that the environment and society remain important, whatever you hear in some other neighborhoods. At least, this is a conclusion that must be drawn from the news that European specialist VC Revent has closed a fund II 100m ($ 109 million) to invest in the beginnings of “planetary and social health”.
Starting from Berlin in 2021 by Otto Birnbaum and Lauren Lentz, Revent’s thesis was (and remains) that the most ambitious entrepreneurs want to build companies that run social progress, and this can become very valuable. High -minded things.
Undoubtedly, geopolitics has moved in such a way as to suggest “progress” may seem quite different from the views of 2021. But with all that they said, the pair has collected a considerable group of LPS to support the new fund.
These include German retail giant The Otto Group, Goldbeck, Wepa, Oetker, Beiersdorf and Hymer, as well as a number of European technology founders. The European Investment Fund has also increased its commitment to the second Revent fund.
Lentz told Techcrunch that the fund is seeking startup in the transition of energy, industrial decarbonization, health care, climate, economic strengthening and restoration, among other things.
From the beginning, it has been invested in 26 companies. “Many in climate technology, some in health technology, some in empowerment. And in general, things have gone really well. We have had a number of companies that have been chosen by the general funds of one,” she said.
Lentz said that the fund has always tried to position itself in the third category, “as a performance -focused fund, investing in planetary and social health in terms of long -term value. In the early days, there were some people who were skeptical and did not understand why we were not called value by investing in long -term transitions.”
Revent LPs are highly oriented for a long time, she said. “I think they are not afraid of what is happening in the SH.BA
She sees more capital going to the so-called re-industrialization, European sovereignty and protection, and “would not be surprised” if there is now a spread of new specialized development funds. “I think Europe now has to understand what stands for it … technology and innovation as part of this, and I think capital will flow to some extent that direction.”
The team is now divided throughout Berlin, London, Paris, and now has an entrepreneur partner in San Francisco.
