News Summary

European venture capital firm Revent has successfully closed its second fund of €100 million ($109 million) aimed at investing in startups focused on ‘planetary and societal health’. Founded in 2021, Revent, co-led by Otto Birnbaum and Lauren Lentz, seeks to support ambitious entrepreneurs dedicated to societal progress. The fund targets sectors such as energy transition, industrial decarbonization, healthcare, climate, economic empowerment, and reskilling. Since its inception, Revent has invested in 26 companies, many of which operate in climate and health tech. Despite global economic uncertainties, Revent’s investors, including the European Investment Fund and various European tech founders, remain committed to these sectors. The firm operates across Berlin, London, Paris, and San Francisco, and is optimistic about Europe’s role in tech and innovation.