HomeFranceRevaia Growth II Holds First Close, at €150M

Revaia Growth II Holds First Close, at €150M

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Revaia, a Paris, France- and Berlin, Germany-based investor in sustainable innovation, announced the first institutional close of its second fund, Revaia Growth II, at €150m.

Investors in Revaia Growth II included sovereign wealth funds and institutional investors, family offices and high net worth individuals from across Europe. The fund benefits from the continued support of its historical LPs including Bpifrance (in equity and via the MC4 fund, managed on behalf of the French government as part of France 2030), while received investments from several new backers including the European Investment Fund, CAPSSA, CARAC, and UMR. Across the funds and co-investment vehicles it manages, the firm is now supported by some 20 institutional investors and over 130 family offices, high net worth individuals and entrepreneurs.

Beyond the 3 investments it has already made through this fund in Mews, Coralogix and Kaiko, Revaia expects to add an additional 12 portfolio companies in this vehicle from Series B rounds onward.

Launched in 2018 by Founding Partners Alice Albizzati, and Elina Berrebi, Revaia Revaia is an investor in sustainable innovation, partnering with mission-driven entrepreneurs with global ambitions and sustainable leadership. The firm helps these growth-stage companies navigate their entire life cycle from Series B to IPO or buyout. As a B-Corp, Revaia has also paved the way in terms of ESG best practices for all tech funds in Europe with several initiatives such as the first ESG Charter in tech and the first European ESG Data Benchmark for startups which provides KPIs based on the maturity stage of tech companies.

With offices in Paris and Berlin and presence in North America, the team brings hands-on expertise and ESG know-how to technology scaleups. Revaia will also open a London office in early 2024, to be headed by partner Morgan Kessous who will relocate there, to increase the fund’s exposure to Europe’s largest tech market and benefit from its huge talent pool.

The firm, which has has €400m+ AUM, has invested over €250 million in 15 companies, building a highly resilient portfolio of European scale- ups, focused on B2B SaaS companies. Portfolio companies also include Algolia, Aircall, Deepki, Frontify, Acorns, Hublo, Platform.sh, Planity, and Welcome to the Jungle.

VCWire

14/12/2023