“We have proved our investment strategy and we managed to enlarge and diversify our investor base.” – Revaia Founding Partner Alice Albizzati, referring to the challenging macroeconomic conditions.

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family offices, and institutional investors across Europe, with support from existing partners like Bpifrance and new backers such as mutual insurer Carac and the European Investment Fund. (Bloomberg)

Despite challenges like higher interest rates and geopolitical uncertainty, Revaia aims to make about 15 investments in fast-growing technology companies with a focus on sustainability. It says on its website that it not only integrates ESG (Environmental, Social, and Governance) practices into its investment procedures but also collaborates with portfolio companies to support their sustainable growth, setting a precedent for responsible business practices.

Revaia’s portfolio benefits from a number of tailwinds, notably in the hospitality space with Mews (Netherlands), healthcare with Hublo (France), energy transition with Deepki (France) and branding with Frontify (Switzerland).

The firm, founded in 2018 by Alice Albizzati and Elina Berrebi (pictured), manages over €400 million and plans to open a London office in early 2024, adding to its existing offices in Paris and Berlin.

The fund’s commitment to growth-stage financing aligns with its goal of achieving better gender balance, contributing to Europe’s evolving VC landscape.

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