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It would appear the surround and society remain relevant , whatever you might find out in some other after part . At least , that ’s one conclusion to be imbibe from the news that European medical specialist VCReventhas fill up a € 100 million ( $ 109 million ) Fund II to invest in “ planetary and societal wellness ” startups .
Launched out of Berlin in 2021 by Otto Birnbaum and Lauren Lentz , Revent ’s thesis was ( and stay ) that the most challenging enterpriser want to ramp up companies that drive societal forward motion , and this might , therefore , become extremely valuable . High - minded stuff .
Admittedly , geopolitics have move in such a elbow room as to intimate “ progress ” might look quite different to the views of 2021 . But with all that aver , the duo has put together a meaning raiment of LPs to back the unexampled store .
These include the German retail heavyweight the Otto Group , Goldbeck , Wepa , Oetker , Beiersdorf , and Hymer , as well as a number of European tech father . The European Investment Fund has also increased its commitment in Revent ’s 2d fund .
Lentz told TechCrunch that the monetary fund is looking for startup in vitality changeover , industrial decarbonization , healthcare , mood , economic empowerment , and reskilling , among others .
Since launch , it ’s invested in 26 companies . “ Many in climate technical school , some in wellness technical school , some in empowerment . And overall , things have gone really well . We ’ve had a number of society that were picked up by tier - one ecumenical funds , ” she say .
Lentz order the fund has always tried to position itself in the third category , “ as a execution - focused investment firm , investing in planetary and societal health , in terms of long - term value creation . In the former days , there were some folks who were skeptical and did n’t understand why we were not just predict ourselves impact or mood . But now , I think , in this current macro environment , this location makes quite a bit of sense for a lot of people , and allows us to really use the language of drive value by investing in long - term essential transitions . ”
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Revent ’s LPs are very farseeing - term tailor , she said . “ I think they are not afraid of what ’s happening in the U.S. right now . I think they , in fact , conceive that it ’s significant to carry on investing in these space despite what ’s happening in the U.S. And I think there ’s this idea of Europe , kind of stand up and punching back and image out what values it stand up for , and vest heavily in these spaces . ”
She sees more capital going toward so - call off re - industrialization , European sovereignty , and defence , and “ would not be surprised ” if now there is a proliferation of new emerging specialist funds . “ I intend Europe now require to forecast out what it stands for … technical school and excogitation as part of that , and I call up capital will flow to some extent that steering . ”
The team is now split across Berlin , London , and Paris , and now has a venture collaborator in San Francisco .
