Revent Secures $109M Fund to Fuel Climate Tech and Social Impact Startups
In a bold move signaling continued confidence in sustainable innovation, Berlin-based venture capital firm Revent has successfully closed its €100 million ($109 million) Fund II. The fund targets startups driving progress in planetary health and societal wellbeing—proving that environmental and social impact remain top priorities for forward-thinking investors.
A Vision for Transformative Change
Founded in 2021 by Otto Birnbaum and Lauren Lentz, Revent operates on a compelling thesis: The most ambitious entrepreneurs are building companies that create both financial value and meaningful societal progress. While global geopolitics have shifted since the fund’s inception, this vision has attracted significant backing from prominent investors.
Key Investors Supporting Fund II
Revent’s impressive lineup of limited partners includes:
- German retail giant Otto Group
- Industrial leaders Goldbeck and Wepa
- Corporate powerhouses Beiersdorf and Oetker
- European tech founders
- Increased commitment from the European Investment Fund
Investment Focus Areas
Lentz outlined Revent’s priority sectors for investment:
- Energy transition and industrial decarbonization
- Healthcare innovation
- Climate tech solutions
- Economic empowerment and workforce reskilling
Since launching, Revent has already invested in 26 promising startups across these categories, with several attracting follow-on funding from top-tier generalist funds.
A Performance-Driven Approach to Impact
“We position ourselves as a performance-focused fund investing in long-term value creation through planetary and societal health,” Lentz explained. While some initially questioned why Revent didn’t simply label itself as an impact or climate fund, current market conditions have validated their strategic positioning.
Europe’s Growing Role in Purpose-Driven Tech
Lentz notes that Revent’s LPs demonstrate remarkable long-term vision:
- They remain committed despite U.S. market fluctuations
- Believe strongly in Europe’s ability to define its technological values
- See opportunity in re-industrialization and European sovereignty
The firm anticipates increased capital flowing toward these focus areas, potentially sparking a wave of new specialist funds across Europe.
Expanding Geographic Footprint
With team members now based in Berlin, London, Paris, and San Francisco (through a new venture partner), Revent is well-positioned to identify and support transformative startups across major innovation hubs.
This latest funding round underscores growing investor confidence that addressing global challenges can drive both meaningful impact and substantial financial returns.
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