Revent rocks the boat with $100M fund to invest in people and the planet

It would appear the environment and society remain relevant, whatever you might hear in some other quarters. At least, that’s one conclusion to be drawn from the news that European specialist VC Revent has closed a €100 million ($109 million) Fund II to invest in “planetary and societal health” startups. Launched out of 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 drive societal progress, and this might, therefore, become highly valuable. High-minded stuff. Admittedly, geopolitics have moved in such a way as to suggest “progress” might look quite different to the views of 2021. But with all that said, the pair has assembled a significant array of LPs to back the new fund. These include the German retail giant the Otto Group, Goldbeck, Wepa, Oetker, Beiersdorf, and Hymer, as well as a number of European tech founders. The European Investment Fund has also increased its commitment ... Read full article.