Investment fund with 60 million euros for green and social impact startups

Revent, a European venture capital fund focused on investments in startups dealing with climate change and social impact, has 60 million euros for European startups.

The fund will be focused on financially helping startups with solutions on climate tech, health, and well-being, and economic empowerment, backing startups with both “purpose and profit”.

“Today’s immense climate and societal challenges will not be solved without the efforts of the world’s best founders harnessing technology and building scalable, commercial businesses that drive sustainable and significant impact”, said Otto Birnbaum, Founding Partner at Revent, quoted by TechCrunch.

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The fund is supported by Beiersdorf, institutional investors such as the European Investment Fund (EIF), which committed 20 million Euro to the fund; the NRW.BANK; and the LfA Förderbank Bayern. 

Revent already has 9 investments. The ticket varies between 200,000 and 2 milllion euros.

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