The Revent Newsletter - Winter 2024
Dear Reventors & Friends,
The days are short and the weather is gloomy but the Revent portfolio is on fire, keeping spirits very high around here!
Like many of you, we’re currently fully in “end-of-year-sprint” modus and are excited to make one or two new commitments to early-stage climate or health companies before the year-end. We’ve been particularly excited about new applications of AI to healthcare and green manufacturing – if you know someone extraordinary building in one of these spaces, please let us know!
With lots of positive developments in our portfolio and on the Revent team (to be announced next year), we are certainly not bored, but continue using our spare time to build out plans for Revent II, to be launched in 2025. If you’d like to learn more about the next fund, please do reach out.
Wishing you an equally exciting “Endspurt” and hope to see many of you at the events we’re hosting and attending throughout Q4.
And now, a quick rundown of what we’ve been up to the past few months.
🚀 New Investments & Portfolio Updates
We’ve made 2 new investments in the last weeks, supporting the development of critical solutions for the green energy transition. Stay tuned for the official announcements, but here is a sneak preview:
A digital platform enabling new forms of flexibility for Europe’s increasingly renewables-heavy grid
A novel software-enabled hardware system for more efficient green energy and more accessible agriculture
Our portfolio companies had a great Q3, raising four new rounds:
forward earth raised a €4.5 million Seed round led by Mosaic Ventures, with Revent and Speedinvest doubling down (Techcrunch coverage here; TechEU coverage here)
Tomorrow Bank raised nearly €5 million in additional funding off the back of achieving its first profitable months this summer (press release here)
Two further up-rounds raised by portfolio companies working in health and climate, respectively - look out for these announcements soon!
Multiple portfolio companies had exciting developments, including:
Atmen co-founder Flore introduced their green hydrogen certification platform to European Commission President Ursula von der Leyen, sharing a glimpse into the critical digital infrastructure behind Europe’s energy transition (photo at top of newsletter)!
Last week, CarbonPool co-founder Coenraad interviewed Deloitte Chief Sustainability Officer Liza Engel onstage at the Swiss Insurtech Hub, highlighting how innovative insurance solutions can address unique risks in the carbon markets (photo below).
Noscendo announced its partnership with leading regional hospital CHU de Brest, marking the expansion of its digital pathogen diagnostics platform into France.
To inform the buildout of their renewable energy platform, tem. spoke to 500+ business owners about their changing relationship to energy. Check out their research findings here.
Magnotherm began accepting pre-orders on its Eclipse 2D refrigerator, featuring their refrigerant-free magnetic cooling technology with 10x more power than before. Co-founder Timur explained their technology to Robert Habeck, Germany’s Minister for Economic Affairs and Climate Action (photo below).
Our portfolio companies are hiring for 87 exciting positions, including:
For a full list of open roles, check out the Revent job board!
🤝 Events & Ecosystem
In September, we teamed up with 8 other health-focused funds, including General Catalyst, Creandum, and Lightrock, to organize Healthtech Connect at Google’s Berlin headquarters. The event brought together 100+ of Europe’s top healthtech founders and ecosystem players to partake in 9 round tables, covering topics ranging from “LLM’s in Healthtech” to “Winning Europe and Going to the US”.
Throughout September and October, we continued co-hosting Super Climate from Paris to Malmö to New York City. It was amazing to see the climate funding ecosystem coalesce around the world. Thank you to all who joined us!
In November, Revent attended Norrsken Impact Week, where our GP Otto moderated a panel at Impact/Return with leading impact-focused LP’s on “How to DD Emerging Managers”.
Our Head of Research & Impact Sharon just landed in San Francisco to start exploring Revent’s newest direction - opportunities for climate & health partnerships across Europe and the US. Please reach out to sharon@revent.vc if you’re working in a similar direction - she’d love to chat!
Our investor Franca is in Helsinki at Slush this week - if you’re working in climate, health, or economic empowerment, she’d love to meet!
With that, wishing everyone a great wrap to an eventful year. Sending good vibes and early holiday season cheer from all around the world!
