Revent launches €50 million VC fund with impact focus
Berlin — SMP advised the newly founded early-stage investor Revent Capital (Revent) on the structuring of its venture capital fund with impact focus “Revent Ventures I”. The Revent team’s target fund size is 50 million euros.
In addition to Benjamin Otto, who has already co-financed two well-known German funds with e.ventures and Project A, the anchor investors include Verena Pausder (Fox & Sheep), Sascha Konietzke (Contentful), Max Tayenthal (N26), Luis Hanemann (e.ventures), Benjamin Roth (Urban Sports Club) and Florian Heinemann (Project A) as well as other well-known entrepreneurs and investors from the Berlin scene. — In the next step, the VC plans to attract further institutional backers as investors for Revent Ventures I. Revent received comprehensive legal and tax advice from a team led by SMP partner Stephan Bank.
“With Revent, another VC fund with an impact focus enters the European stage, which wants to show that profit and purpose can not only be combined, but that attractive returns can be achieved precisely through socially as well as socially responsible actions and economic activities,” says Stephan Bank. “Although the market is still young, it is enjoying rapid growth and is thus becoming increasingly important. We are very pleased to have been able to accompany Revent in the launch of the first generation of funds and are eagerly following further developments in the field of impact investing,” adds Joel El-Qalqili.
Revent is an early stage investor with an impact focus, committed to addressing environmental and social challenges. In the course of pre-seed to Series A financing rounds, Revent invests across Europe for this purpose primarily in the areas of ClimateTech, EdTech as well as Digital Health and in companies that pursue a clear purpose in addition to profit. Revent, based in Berlin with an additional office in London, was founded in 2020. A quartet consisting of Otto Birnbaum, Lauren Harrison Lentz, Emily Brooke and Henrik Grosse Hokamp form the founding partners of the fund, whose portfolio companies include Tomorrow Bank, Sylvera, Tomorrow and Net Purpose.
SMP is a specialist tax and commercial law firm operating in the core areas of corporate, funds, litigation, tax and transactions. SMP’s attorneys and tax advisors represent a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. Since its foundation in 2017, SMP has become one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners are nationally and internationally ranked by JUVE, Best Lawyers, Legal 500, Focus, and Chambers and Partners. Today, SMP employs more than 60 experienced lawyers, tax advisors and tax specialists in three offices in Berlin, Hamburg and Cologne. www.smp.law
Consultant Revent: SMP
Dr. Stephan Bank, Photo (structuring/lead management), Partner
Lennart Lorenz (Regulatory Law), Partner
Jens Kretzschmann (Taxes), Partner
Joel El-Qalqili (Structuring/Supervisory), Associated Partner
Dr. Florian Wilbrink (Structuring), Associate