European venture capital firm Revent has successfully closed its second fund, raising €100 million ($109 million) dedicated to backing innovative startups focused on “planetary and societal health.”
Founded in Berlin by Otto Birnbaum and Lauren Lentz in 2021, Revent was created with the belief that visionary entrepreneurs aspire to drive societal progress, building companies that are both impactful and commercially successful.
Amid shifting geopolitical dynamics and evolving definitions of social and environmental progress, Revent has attracted an impressive array of investors. Its prominent backers include corporate heavyweights such as Otto Group, Goldbeck, Wepa, Oetker, Beiersdorf, and Hymer, alongside European tech entrepreneurs. Notably, the European Investment Fund has also significantly increased its financial support for this latest fund.
Revent’s second fund targets investment opportunities encompassing energy transition, industrial decarbonization, healthcare innovation, climate solutions, economic empowerment initiatives, and reskilling projects. Since its inauguration three years ago, the firm has already invested in 26 companies, spanning climate technology, healthcare, and initiatives promoting empowerment, with several companies garnering follow-on investment from leading venture capital funds.
Lentz emphasized that from its inception, the firm has positioned itself as a high-performance fund consciously aimed at long-term value generation through investment in planetary and societal improvements. She noted that initially, some questioned the firm’s deliberate avoidance of traditional labels such as “impact” or “climate” fund. However, given the current economic and geopolitical landscape, this nuanced positioning has proven appealing, aligning nicely with the priorities of forward-thinking investors.
According to Lentz, Revent’s limited partners have shown resilience and long-term commitment, undeterred by recent turbulence in global markets, particularly in the U.S. Crucially, she believes Europe’s renewed focus on industrial strength, technological innovation, and regional sovereignty will accelerate the creation of similar specialized funds across the continent. She also views Europe’s increased clarity on its core values and direction—a sentiment accompanied by rising investments in technology and innovation—as an essential driver for continued capital inflow into these critical sectors.
Currently, Revent operates offices across key locations in Europe, including Berlin, London, and Paris, complemented by a recent addition of a venture partner based in San Francisco.
