Growth investor Revaia closes ‘Revaia Growth II’ fund at €250 million

Paris-based Revaia, a leading independent European growth investor, today announced the final closing of its second fund, ‘Revaia Growth II’, at €250 million, bringing its total assets under management to €600 million. Bpifrance and the European Investment Fund (EIF), supporters since the first closing, are now joined by nine new institutional LPs, including the insurer […] The post Growth investor Revaia closes ‘Revaia Growth II’ fund at €250 million appeared first on EU-Startups.

Apr 2, 2025 - 15:52

Growth investor Revaia closes ‘Revaia Growth II’ fund at €250 million

Paris-based Revaia, a leading independent European growth investor, today announced the final closing of its second fund, ‘Revaia Growth II’, at €250 million, bringing its total assets under management to €600 million.

Bpifrance and the European Investment Fund (EIF), supporters since the first closing, are now joined by nine new institutional LPs, including the insurer BNP Paribas Cardif, and JP MorganChase, strengthening Revaia’s global reach.

“Successfully closing Revaia Growth II is a testament to the strength of our team, our strategy, and our investors’ trust in our ability to scale European tech leaders. 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.

“We are excited to continue supporting visionary entrepreneurs who are committed to lasting and sustainable value-creation,” said Alice Albizzati, Founding Partner at Revaia.

Founded in 2018, Revaia is a leading investor in sustainable innovation, partnering with mission-driven entrepreneurs with global ambitions and sustainable leadership. With the support of major institutions, such as the European Investment Fund, Revaia aims to help growth-stage companies navigate their entire life cycle from Series B to IPO or buyout.

With offices in Paris, London, and Berlin and a presence in North America, its team aims to bring hands-on expertise and unique go-to-market, AI, product and ESG know-how to promising technology scale-ups.

Companies in Revaia’s portfolio include Acorns, Algolia, Aircall, Ampeco, Coralogix, Deepki, Frontify, Deepki, Fasst, Hublo, Mews, Planity, and Welcome to the Jungle.

According to Revaia, 30% of commitments to this fund come from international investors.

Kyril Courboin, Senior Country Officer of JPMorganChase France said: “Revaia has built a powerful platform for investing in Europe’s most promising tech scale-ups. Their strong pan-European presence, sector expertise, and ability to rapidly deploy capital in high-growth companies make them a valuable partner in fostering sustainable innovation. We are delighted to support Revaia through our Spark France initiative as they continue to back ambitious entrepreneurs and drive long-term value creation in the European technology ecosystem.”

Eric Bequet, Chief Investment Officer at BNP Paribas Cardif, stated: “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.”

Revaia Growth II has been actively deployed, with six investments in key sectors focusing on resilience such as energy transition, AI for insurance and cybersecurity. Their approach has also led to a total of 17 build-up acquisitions carried out by its portfolio companies.

According to figures provided by Revaia, Fund I companies have grown 4x on average since investment while demonstrating capital efficiency and profitability. At entry, 80% generated less than €20 million in ARR, while today, 80% have between €40 million and over €250 million in revenues. Fund II is already 40% deployed, with companies growing at an average rate of 70% per year.

Elina Berrebi, Founding Partner at Revaia, added: “At Revaia, we have built a platform designed for scale –both for our portfolio companies and our own growth as an investment firm. With offices in Paris, Berlin, and now London, a diversified institutional investor base, and a hands-on value-creation approach, we are more equipped than ever to help ambitious founders navigate their scale-up journey.

“Our model is proving its strength: we invest in companies that scale efficiently and profitably, and with Fund II already 40% deployed and our focus on generating liquidity on Fund I, we are delivering on our promise of high-conviction, high value-add investing.”

To further align the leadership team with the firm’s long-term ambitions, members of the Executive Committee have become shareholders of the management company. Adil Benmakhlouf has been promoted to Partner – Head of Investor Relations, and Sandra Cadiou to Partner – Head of Communications.

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