In the heart of Europe, startups tackling climate change, societal health, and economic disparities often find themselves starved for early-stage funding, particularly from investors focused on impact. Berlin-based Revent aims to fill this void, backing mission-driven founders who harness technology to initiate widespread change. Their goal is to seamlessly blend purpose with profit, fostering solutions that enhance both societal and planetary health.
Today marks a significant stride for Revent as they unveil Fund II, a formidable €100 million aimed at empowering early-stage European companies committed to societal wellness and environmental sustainability. Building on the success of their first fund, they are keen to support enterprises yielding not only substantial financial returns but also vital transitions towards a healthier future for all.
Prominent investors backing the fund include the Otto Group, Goldbeck, Arendt Oetker, and Wepa Ventures, along with institutional support from the European Investment Fund and accomplished entrepreneurs behind brands like Amboss, Urban Sports Club, and Oviva.
Lauren Lentz, Founding Partner at Revent, emphasised their mission: “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.” They seek visionary individuals driven by a dual ambition to enact change in areas such as energy transition, industrial decarbonisation, and healthcare innovation.
Revent, initiated in 2021 by Otto Birnbaum and Dr. Lauren Lentz, has a strong backbone in venture capital and impact initiatives. Birnbaum’s experience includes seed investment leadership at Partech in Germany and time at HelloFresh, while Dr. Lentz adds her rich expertise in impact measurement, holding degrees from prestigious institutions including Yale and Harvard.
Based in Berlin, Revent places its focus on fostering early-stage innovation throughout Europe, demonstrating that entrepreneurial triumph can and should align with social and ecological impact, thus establishing a new model that harmonises purpose with profit.
Through its targeted approach, Revent has secured significant investments with impressive performances, such as Avelios Medical, Tem Energy, Sylvera, and Granular Energy. Their strategy has propelled them into the top 10% of global venture capital rankings by Cambridge Associates.
With the launch of Fund II, Revent introduces the innovative “Real Value Framework” (RVF) to assess long-term societal value from investments. This proprietary tool aids in quantifying both human and natural capital potential in their investment decisions, enhancing the focus on meaningful impact.
Otto Birnbaum comments on the RVF, stating, “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.”
Furthermore, Revent collaborates with EU organisations to help implement regulatory frameworks like the Corporate Sustainability Reporting Directive (CSRD), ensuring their investments align with broader policy initiatives aimed at fostering a more sustainable future.
Berlin-based Revent has launched Fund II, a €100 million venture capital fund aimed at early-stage European startups addressing societal and planetary health challenges. The fund seeks to provide financial support while promoting impactful change, driven by mission-oriented founders. Notable backers include the Otto Group, European Investment Fund, and successful entrepreneurs. The fund’s Real Value Framework (RVF) aids in evaluating long-term societal benefits of investments, aligning with EU sustainability initiatives.
Revent’s launch of Fund II marks a pivotal moment in supporting impact-driven startups across Europe. By merging social and ecological impact with profitable ventures, they aim to inspire a new era of entrepreneurship focused on transformative solutions. Their innovative Real Value Framework promises to revolutionise investment assessments, ensuring that societal contributions are measured and maximised, paving the way for a sustainable future.
Original Source: techfundingnews.com
