Introducing Revent’s first newsletter
Get the latest insights on our new investments, portfolio companies, fund updates and industry trends.
Welcome to Revent's first quarterly newsletter! Revent exists to empower founders addressing system-critical problems affecting planetary and societal health, and this newsletter now exists to keep you -- founders, future founders, investors, and the simply curious -- informed about our biggest news, portfolio updates, and occasionally just our musings about Revent's core investment areas of climate, health, and empowerment.
In a world filled with mailers and newsletters, we don't take your readership for granted, so please let us know if there's content or topics you'd like to see in the future.
And until then, thank you for being here.
🦚 Latest Investments
We’re thrilled to introduce several of Revent’s newest portfolio members with a shared mission: to meaningfully reduce emissions and the climate impact of multi-trillion dollar industries.
Farmless. Sustainably feeding the Earth’s growing population is one of the greatest challenges of the next century. Alongside traditional agriculture, lots of new companies are developing plant-based protein alternatives, and yet these solutions still rely on access to huge quantities of land, energy, water, and chemicals. Our investment in Farmless aims to completely disrupt traditional food systems by decoupling protein production from agriculture. Using simple alcohols as a feedstock, the team has developed a novel technique to produce carbon-negative protein. Revent Investor Rebecca explains how Farmless’ products will rival the cost and impact of pea and soy-based alternatives and why we’re so excited about this team’s ambitious plans.
NetZeroNitrogen. In addition to truly novel food sources, the Revent team believes there’s an essential role for traditional agriculture. Yet, many of today’s farming practices are damaging to the environment, due in part to their reliance on synthetic nitrogen fertilizer. Fertilizer gets pumped into the ground at startling rates and, over time, damages the soil, biodiversity, and water quality of the land. Biotech startup NetZeroNitrogen (NZN) is tackling this critical problem by providing farmers with a highly effective, natural, and cheaper alternative source of nitrogen to produce food in a far more sustainable way. You can read more about our investment in NZN here and why we think NZN’s technology has the potential to transform how food is grown.
tem.energy. Following last winter’s energy crisis, there’s been a huge push to decentralize renewable energy production and storage. Yet the emerging industry still involves many layers of unnecessary intermediaries, fees, and friction. To help businesses save time and money in their switch to fully renewable energy, tem.energy is building a platform that connects renewable energy producers directly with buyers. This removes layers of middlemen and empowers businesses to become influential actors in the green energy transition. Our partner Henrik explains how it works in this article.
MAGNOTHERM. Finally, we’re happy to introduce our “coolest” new portfolio company (sorry, couldn’t resist): MAGNOTHERM, a magnetic cooling technology company whose products reduce emissions and energy costs by up to 40%. For those not in the know, commercial refrigeration systems represent 10% of all global greenhouse gas production - three times that of aviation and shipping combined (!) With MAGNOTHERM’S products, supermarkets and other retailers finally have a lever to reduce these emissions. The team has already shipped display coolers to Coca-Cola Europacific Partners and the team is hustling to keep up with their growing waitlist. If you know of anyone who would be keen to test out one of their cooling systems (and maybe enjoy a magnetically cooled beer), please reach out. And to learn more about the company, check out our post.
🐦 Revent Updates
Over the past few months, we also welcomed two new members to our Revent team (33% growth!):
Sharon Chen, Head of Research & Impact. Ask her about supply chain sustainability and tracking impact across investments.
Francesca Baillieu, Investment Manager. Talk to her about Techbio and innovating through (resource) constraints.
We had the pleasure to co-host Super Climate in June. Cofounded with Extantia and Planet A in 2021, attendance tripled this year, with over 200 LPs and GPs representing more than $10 billion in AUM joining us.
This quarter, we also published our first impact report: The Genesis. It outlines our impact measurement methodology and explains how we support our portfolio companies to ingrain impact metrics into their core business models. Have a look and let us know what you think!
🦅 Portfolio Insights
Recycling software Resourcify published the first Sustainability Index Report for Deutscher Aktien Index (DAX) companies. Among Germany's 40 largest companies, 39% of their generated waste isn’t recycled. That’s 2.5 million tons of incinerated materials per year that could be recycled. Learn how their platform enables companies to get a detailed overview of their waste cycle and drive circularity across the value chain.
Sylvera’s Carbon Markets 2023 Pulse Check reports that voluntary carbon markets (VCM) are the most established way to channel meaningful resources into climate projects. However, only 25 of the 100 projects rated by the carbon credit rating platform received an A or AA score. 45% received a C or D rating, highlighting the amount of low-quality projects out there. This assessment is crucial to improve the quality of climate projects in the years to come.
💡Portfolio Hires
Help us find brilliant minds looking to drive positive impact. We currently have over 60 open roles across our growing portfolio. Here are some of positions we are excited about:
Please feel free to reach out if you have someone in mind!
The overall market remains challenging, and yet there’s never been a better time to build real solutions to problems that matter for the planet and society. We continue to see extremely strong teams starting new companies in the climate, health, and empowerment spaces and are as excited as ever to be partnering with the best of them. Do get in touch if you want to learn more about a current portfolio company or think you might be building our next one :)
We wish you a great summer and will be back in touch in the fall 🌞
Your Revent Team
nice one - I like the format, easy to read/digest and with some food for thought