In a bold move that reaffirms Europe’s commitment to long-term impact, Berlin-based venture capital firm Revent has announced the close of its second fund—Revent Fund II—at €100 million (around $109 million). The fund will invest in early-stage startups working on critical challenges related to both people and the planet.
A Mission-Driven Investment Thesis
Founded in 2021 by Otto Birnbaum and Lauren Lentz, Revent launched with a clear thesis: the most driven founders are those who want to build solutions that create meaningful societal progress. This belief remains at the heart of Revent Fund II, even as geopolitical shifts continue to reshape how global innovation is viewed.
Rather than follow trends, Revent has stuck with its mission to support ventures that address real-world problems—and that strategy has attracted significant backing.
High-Profile LPs Join Revent’s Vision
The new fund has received strong support from a diverse and influential group of limited partners. Backers include major German companies such as the Otto Group, Goldbeck, Beiersdorf, Wepa, Hymer, and Oetker, along with several notable European tech founders. The European Investment Fund has also increased its commitment in Fund II, highlighting institutional confidence in Revent’s impact-oriented, performance-driven approach.
Sectors of Focus: Climate, Health, Empowerment
Revent Fund II will target startups working on long-term global transitions—across sectors like climate tech, industrial decarbonization, digital healthcare, economic inclusion, and reskilling for the future of work.
Since its initial launch, Revent has backed 26 startups operating in these high-impact areas. Many have already gone on to secure follow-on funding from top generalist funds, proving that long-term value creation can indeed align with strong financial performance.
Redefining Venture Capital with Purpose and Performance
Revent deliberately avoids being boxed into labels like “climate fund” or “impact fund.” Instead, it champions a broader positioning: a performance-focused VC investing in planetary and societal health. This nuanced approach allows Revent to speak the language of value creation while still backing mission-driven companies.
According to Lentz, this stance has become increasingly relevant. “There were skeptics in the early days who didn’t understand why we weren’t positioning as just an impact fund,” she shared. “But in today’s macro environment, our strategy makes more sense than ever. We’re investing in long-term, essential transitions.”
A Long-Term View Amid Global Uncertainty
One distinguishing factor is Revent’s LP base, which takes a long-term view and isn’t swayed by short-term turbulence—particularly political shifts in the U.S.
“There’s a growing sentiment in Europe that we need to define what we stand for,” said Lentz. “We’re seeing stronger momentum around re-industrialization, sovereignty, and sustainability, and capital is starting to flow in that direction.”
This could spark the rise of more specialist VC funds across Europe, she noted, as the continent doubles down on innovation that aligns with its values.
Expanding Presence Across Global Tech Hubs
Revent’s team is now spread across major European capitals—Berlin, London, and Paris—with a new venture partner based in San Francisco. This expansion reflects the firm’s ambition to connect with world-class founders while remaining anchored in Europe’s value-driven innovation ecosystem.
With its second fund now fully closed and a strong portfolio already in place, Revent Fund II is setting out to back the next wave of startups building a better, more sustainable future—where purpose and profit go hand in hand.
