It seems that the environment and society remain current, whatever you may hear in some other quarters. At least this is one conclusion that he drawn from the news that the European VC specialist Revent Closed Fund II EUR 100 million (USD 109 million) to invest “planetary and social” in startups.
Performed in Berlin in 2021 by Otto Birnbaum and Lauren Lentz, the reference thesis was (and stays) that the most ambitious entrepreneurs want to build corporations that drive social progress, and due to this fact this may change into very useful. Things with high minds.
I have to admit that geopolitics moved in such a way as to suggest that “progress” may look completely different than the views of 2021. But after it was said, the couple collected a significant range of LPS to support the latest fund.
These include the German retail gigant The Otto Group, Goldbeck, Wepa, Oetker, Beierdorf and Hymer, in addition to many European technology founders. The European Investment Fund has also increased its commitment to the second Revent Fund.
Lentz told Techcrunch that the fund is looking for, among others, startups in the field of energy transition, industrial decarbonization, healthcare, climate, economic strengthening and suggestion.
26 corporations have been invested from the moment of launch. “Many in the field of climate technologies, some in the field of health technologies, some in strengthening. And in general, we had really good. We had many companies that were chosen by general levels,” she said.
Lentz said that the fund all the time tried to place in the third category: “As a results -oriented fund, investing in planetary and social health, in terms of long -term value creation. At the beginning there were people who were skeptical and we did not understand why we not only call ourselves influence. Driving value by investing in long -term necessary transitions.”
She said LP Revent are very long -term. “I think they are not afraid of what is happening in the USA now. I think they actually think that it is important to continue investing in these spaces despite what is happening in the US. And I think there is the idea of Europe, in a sense, standing and striking, and to determine what values mean, and invest intensively in these spaces.”
He sees greater capital towards so -called re -industrialization, European sovereignty and defense, and “it would not be surprised” if latest specialist funds are now spreading. “I think that Europe must now find out what … technology and innovations in this part, and I think that capital will somehow flow in this direction.”
The band is now divided into Berlin, London, Paris, and now they have a Venture partner in San Francisco.