Revent shakes the boat with a fresh $ 100 million to invest in people and the planet

It seems that the environment and society remain appropriate, whatever you hear in some other neighborhoods. At least this is a conclusion that should be made by the news that the European specialist VC Rhek has closed Fund II of EUR 100 million ($ 109 million) to invest in startup planetary and public health.

Started by Berlin in 2021 by Otto Birnbaum and Lauren Lenz, Ravent’s thesis is (and remains) that the most ambitious entrepreneurs want to build companies that stimulate public progress and this can be very valuable. High -minded things.

Indeed, geopolitics has gone in such a way that it suggests that “progress” may seem quite different from 2021 views. But with all the said, the couple has collected a significant set of LP to support the new fund.

These include the German retail trade giant The Otto Group, Goldbeck, WePa, Oetker, Beiersdorf and Hymer, as well as a number of European technology founders. The European Investment Fund has also increased its commitment to the Second Revent Fund.

Lenz told TechCrunch that the fund is looking for startup companies in the energy transition, industrial decarbonisation, healthcare, climate, economic empowerment and overcoming.

It has been invested since its launch in 26 companies. “Many of the climate technologies, some of the health technology, some of the empowerment. And in general, things are going very well. We have had a number of companies that have been taken from common funds from the level of one,” she said.

Lentz Said The Fund Has Always Triad to Position Itself in the Third Category, “AS A Performance-Focused Fund, Investing in Planetary and Societal Health, In Terms of Long-Term Value Cre Folks Who Were Skeptical and didne Understand WHY WERE NOT JUST CALLING ORSELVES Impact or Climate. People, and Allows US to Really Use the Language of Driving Value by investing in long -term major transitions.

Ravent’s LP is very long -term, she said. “I think they are not afraid of what is happening in the United States right now. I think they are actually believed that it is important to continue investing in these spaces, although it happens in the US. And I think it has this idea for Europe by standing up and breaking back and inventing what values ​​it stands and invests strongly in these spaces.”

She sees more capital, which is directed to the so -called re -industrialization, European sovereignty and defense, and “would not be surprised” if there is now a distribution of new emerging specialized means. “I think Europe now has to understand what it is … Technology and innovation as part of it, and I think capital will run to this direction to this direction.”

The team is already divided into Berlin, London, Paris, and now has a partner in San Francisco.