The Revent Newsletter - Q3 2023
Your quarterly roundup of what's happening at Revent.
First and foremost, our thoughts are with our friends, partners, and the innocent civilians whose lives have been turned upside down by the violence in the Middle East. If you are directly affected by the crisis and we can be of help, please reach out. We hope the progress of our portfolio companies in tackling key systemic issues helps lighten up this week.
The past quarter has been remarkably busy, with several of our portfolio companies achieving major milestones. As our team continues to grow (by 25% to be exact!), our capacity to deliver value to our portfolio, and enhance our expertise in crucial areas also expands.
So without further ado, here’s a quick rundown on some key Q3 highlights:
🦅 Portfolio updates
Carbon data provider, Sylvera has raised a $57M Series B led by Balderton with participation from existing investors, Index Ventures, Insight Partners, Bain & Company, and more to bring transparency and accountability to the fast-evolving carbon markets clients including BCG, Shell and Salesforce.
⚒️ We’re running out of time to meet our 1.5C target and need a diversity of solutions to mitigate and adapt to a changing climate. This includes bringing trust, transparency, and data to the voluntary carbon markets, and ensuring that credits truly fulfill their promises. Sylvera works to assess carbon project quality and provide insights to organizations looking to ensure effective participation in the carbon markets ⚒️
Waste management platform, Resourcify’s vision of a zero-waste future led them to raise a €14M Series A, from Vorwerk Ventures, Speedinvest, and several other investors.
⚒️ Global waste production is relentless. At the current rate, we’re on track for an estimated 70% additional waste by 2050, overflowing our waterways, fields, and streets. Resourcify contributes to solving this global systemic problem by streamlining corporate waste management systems. Its platform identifies and tracks waste data and connects them to the right recyclers – helping businesses save time and money while developing the circular economy ⚒️
Clean energy data platform, Granular Energy announced its latest funding round of €7.5 M led by Norrsken and Box Group.
⚒️ Consumers globally spent $24B on green electricity in 2022 without knowing where this energy comes from. Granular Energy enables producers and consumers of energy to get 24/7 visibility into their energy source and enables true transparency in these transitioning markets. This sends the right demand signals to renewable suppliers and further accelerates ⚒️
✏️ Revent Reflections
Did you know that 80% of cardiovascular diseases in Europe are preventable? From affordability to accessibility, efficiency to effectiveness, there are a myriad of problems – and solutions 🙌 , that could drastically improve outcomes. But what keeps us from getting there?
In our inaugural Revent Reflection series, Sharon, our Head of Impact and Research, who joined us in May, looked specifically at preventive health and how transitioning from reactive to preventive care can relieve our overwhelmed health systems. She identified the following three challenges that hinder preventative care:
Lack of motivation to engage in healthy behavior
Unaligned system-wide incentives for prevention
Lack of evidence-based information that can be translated into action
Learn more about the four stages of preventive care and the opportunities that can better support patients and our healthcare systems but reading the full report below:
📖 What’s next?
Chronic Disease Management
Deep diving further into our exploration of preventive health, we are focusing on tertiary prevention or chronic disease management: How can we stop those with long-term illnesses from getting even sicker?
For example, Type 2 diabetes can be managed to a point where patients can safely hit pause on drugs. High blood pressure can be controlled through medication and lifestyle changes. Heart attacks, strokes, chronic kidney disease - the most severe outcomes for patients and the most costly outcomes for our health systems - these conditions can be managed through some degree of preventive lifestyle changes.
The need is clear. Now what about solutions? Stay tuned for the next installation of Revent Reflections, where we’ll share our thoughts on the most promising approaches in chronic disease management!
Sharon would love to hear your thoughts and views on the space. In case you want to exchanges notes and opinions, please do email her.
🐦 Revent Updates
🎬 Introducing Revent’s Job Board
Supporting our startup portfolio is our team’s primary focus. As talent sourcing is one of the primary challenges for startups, we launched Revent’s Job Board to find talent seeking to develop tomorrow’s solutions. Here are just a select few:
🌳🎨 Head of Product Design at Sylvera: https://careers.revent.vc/jobs/sylvera
♻️💻 Senior Process Engineer at one • fıve: https://careers.revent.vc/jobs/one-five
⚡🤖🛠 COO at Electricity Maps: https://careers.revent.vc/jobs/electricity-maps
Can’t find the role you’re looking for? Apply here so we can reach out to you if we think there is a good match!
🔥 Revent Community & Events: Healthtech Connect, The Drop, Impact/Return,
In order to achieve systemic transformations of billion dollar industries we need all hands on deck. This is why we are actively bringing founders, investors, policy makers together to join forces and drive the industry transformations required for long term sustainable planetary and societal health.
Among others, we organised and participated in the following events:
🇩🇪Healthtech Connect – Shaping the Future of Healthcare: As part of our mission to keep up with healthtech trends, we brought together some of Europe's brightest health tech experts, including Anna Haas of Oviva, Felicia von Reden of Ovom Care and Christian Albrecht of Avelios Medical. This event was in partnership with Google Cloud, YZR Capital, and Heal Capital. Read the event takeaways
🇸🇪 The Drop: Our Investment Manager Rebecca Brill hosted a discussion on the latest trends in climate tech and impact investing.
🇸🇪 Impact/Return in Stockholm: Our General Partner Otto Birnbaum gave a presentation about our impact investing approach and how it supports tomorrow’s climate, health, and social empowerment tech solutions.
Despite the persistently challenging market conditions and unsettling political climate, it's important to recognize that there's no better time to create tangible solutions for pressing environmental and societal issues. We're witnessing the emergence of exceptionally talented teams launching new ventures in climate, health, and empowerment and we're as enthusiastic as ever about collaborating with the most impactful amongst them. Please don't hesitate to reach out if you'd like to work with one of our current portfolio companies or think you might be building our next one :)
Wishing you a wonderful winter season. ❄️
Your Revent Team