It will be relevant to the environment and society, whatever you hear in some other quarters will be relevant. At least, European expert VC is a conclusion to draw it from this news Revention “Planet & Social Health” has turned a € 100 million ($ 109 million) fund II for investment in startups.
Out of Berlin in 2021 by Auto Bernboum and Loren Lentz, the thesis of the revention was (and remains) that most ambitious entrepreneurs want to create companies that run social progress, and it can probably become extremely valuable. Thing high -minded.
It can be acknowledged that geography has moved in such a way that “progress” can look completely different than the opinion of 2021. However, whatever has been said, the pair have combined a significant array of LPs to back the new funds.
These include the German retail giants The Auto Group, Goldbeck, Wepa, Otkar, BearsDorf, and Hymar as well as the founders of several European technology. The European Investment Fund has also raised his promise to the second fund of the Revent.
Lentz told TechCrunch that the fund was looking for startups in energy transformation, industrial dickerization, health care, climate, economic empowerment and riskling.
Since the launch it has invested in 26 companies. “Many in climate technology, some in health technology, in some empowerment. And overall, things are really good. We had several companies that were taken by the Tier-One General Fund,” he said.
Lentz said that the funds have always tried to position themselves in the third division, “As a performance-centric fund, investment in planets and social health, in the long-term price creation. In the first days, there were some people who were suspicious and did not understand why we were allowing our position, but now I have given my position.”
The LPS of the Revent is very long -term, he said. “I think they are not afraid of what is happening in the United States right now. I think they really believe that it is important to continue investing in these places despite what is happening in the United States.
He is watching the so-called capital of the so-called re-industry, European sovereignty and defense, and if the new emerging expert fund is now expanding, “will not be surprised”. “I think Europe needs to determine what it means now … Technology and innovation as part of it, and I think capital will flow to some extent.”
The team is now divided through London, Paris Berlin and now has an initiative in San Francisco.