Paris-based VC Revaia has closed its second growth fund at €250 million, bringing its total assets under management to €600 million. Bpifrance, BNP Paribas Cardif, and JPMorgan Chase supported the fund.
- Founded in 2018 by Alice Albizzati and Elina Berrebi, Revaia is a venture capital firm that supports growth-stage companies from Series B to IPO and beyond.
- With offices in Paris and Berlin, and a presence in North America, its portfolio includes startups such as Algolia, Aircall, Coralogix, Deepki, Frontify, GoHenry, Hublo, Platform.sh, Planity, and Welcome to the Jungle.
- According to the firm, companies backed by Fund I have grown, on average, fourfold since investment while maintaining strong capital efficiency and profitability. At the time of investment, 80% of these companies had less than €20 million in annual recurring revenue (ARR), but today, 80% generate between €40 million and over €250 million in revenue.
- The new fund is already 40% deployed, having made six investments to date. It focuses on backing European tech startups in sectors such as energy transition, AI for insurance, and cybersecurity, with portfolio companies experiencing an average annual growth rate of 70%.
"With €600 million under management, a strong portfolio, and rapid deployment in high-growth sectors like energy transition and AI, we are reaffirming our ambition: to be the partner of choice for Europe’s next tech champions, providing not only capital but also the operational expertise to accelerate their growth," Founding Partner at Revaia, Alice Albizzati, commented.
- Revaia Fund II secured 30% of its backing from international LPs and gained support from nine new institutional investors, including Bpifrance and the European Investment Fund (EIF), both long-time supporters. The fund also attracted new investors such as BNP Paribas Cardif and JP Morgan Chase.
“At BNP Paribas Cardif, we are convinced that life insurance is essential for building French wealth and financing the economy. Through this support to the Revaia Growth II fund, we are pleased to help mobilise the savings of our policyholders for the benefit of technological companies in Europe," explains Eric Bequet, Chief Investment Officer at BNP Paribas Cardif.
