The British Business Bank, a major investor in the UK, has invested €20 million into a fund called Revaia Growth II. This fund has collected a total of €250 million. It’s the second fund created by Revaia, following the success of their first fund launched in 2021.
Revaia’s second fund, Revaia Growth II, plans to invest in about 12 companies, with individual investments ranging from €10 to €30 million. It has already backed six companies and reserves a third of its capital for follow-on investments, particularly to support mergers and acquisitions within its portfolio. This initiative aligns with efforts to boost funding for female entrepreneurs through the Invest in Women Taskforce, a government-supported program. Additionally, the British Business Bank, which contributed €20 million to this fund, is committed to promoting gender diversity in venture capital as a founding signatory of the Investing in Women Code.
A venture capital led entirely by women
Founded in 2019 by Alice Albizzati and Elina Berrebi, Revaia is the largest all-female venture capital fund in Europe. From growth phases to IPO or buyout, this European growth equity investment firm helps mission-driven entrepreneurs scale their businesses internationally.
Revaia, which has offices in Paris, Berlin, and London, supports ambitious growth-stage businesses who have incorporated sustainability into their fundamental business practices. By aiming for great performance without sacrificing ethics and principles, the company hopes to promote sustainability throughout the European tech sector. To help portfolio firms improve their sustainability practices, the investor maintains a specialised ESG team.
Portfolio of investments
Revaia has built a diverse portfolio of high-growth technology companies across Europe and Israel, focusing on sustainability and resilience. Some of its notable investments include:
FAAST: A benchmark for distribution platforms for insurance and wealth management companies.
Mews: A cloud-based property management system for the hospitality industry, streamlining hotel operations and enhancing guest experiences.
Planity: A leading online booking platform for beauty and wellness services.
Algolia: A search and discovery platform, valued at $2.3 billion.
Aircall: A cloud-based call center solution for businesses.
Shift Technology: AI-powered fraud detection and claims automation for the insurance sector.
The British Business Bank’s investment in Revaia Growth II aligns with its mission to build a modern, green economy. The Bank’s commitment is reinforced with this support for female-led venture funds. This also highlights its strategic focus on encouraging innovation, sustainability, and gender diversity in venture capital. By supporting Revaia, the Bank is not only expanding access to capital for high-growth European and UK startups but also reinforcing its role in shaping a modern, inclusive, and green economy.
