The British Business Bank, one of the UK’s largest domestic investors in venture and growth capital, has committed €20 million to Revaia Growth II, which was closed at €250 million. This second fund follows the success of its first fund, launched in 2021.
With its second fund, Revaia aims to invest in around 12 companies, with ticket sizes ranging from €10 to €30 million, and has already made six investments. About a third of the capital is reserved for follow-on investments, particularly to support M&A activity among its portfolio companies.
This investment also aligns with the Invest in Women Taskforce, an industry-led, government-backed initiative to increase funding for female entrepreneurs. Additionally, the British Business Bank is a founding signatory of the Investing in Women Code, reinforcing its commitment to gender diversity in venture capital.
All women-led VC team
Revaia was founded in 2019 by Alice Albizzati and Elina Berrebi, making it Europe’s largest all-women-led VC fund. It is a European growth equity investment firm dedicated to supporting mission-driven entrepreneurs in scaling their companies globally, from growth stages through to IPO or buyout.
With offices in Paris, Berlin, and London, Revaia invests in European sustainable growth, backing bold growth-stage companies with sustainability integrated into their core operations. The firm aims to spread sustainability within the European tech ecosystem, targeting high performance without compromising on values and ethics. The investor has a dedicated ESG team to assist portfolio companies in enhancing their sustainability practices.
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.
How does this investment redefine its stand?
The British Business Bank’s investment in Revaia Growth II aligns with its mission to build a modern, green economy. It also strengthens the Bank’s commitment to supporting female-led venture funds. The British Business Bank’s commitment highlights its strategic focus on fostering innovation, sustainability, and gender diversity in venture capital. By backing 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.
Alice Albizzati, Founding Partner at Revaia, said: “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.”
Elina Berrebi, Founding Partner at Revaia, said: “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.”
Christine Hockley, Managing Director and Co-Head of Funds, British Business Bank, said: “Revaia’s focus on scaling up sustainable technology businesses will support both our mission of improving access to growth capital in the UK and enabling the transition to a net zero economy by improving access to finance for sustainable businesses. I am also very pleased to welcome another female-led fund to the Bank’s funds portfolio unlocking the potential of women across the economy.”
Robert Greenwood, Senior Investment Director, Funds, British Business Bank, said: “Revaia is a natural fit for us. The team has strong track record of investing in high potential companies in need of scale up capital but we were impressed by their robust approach to tracking and improving sustainability across their portfolio. Our commitment to this fund will ensure the UK continues to be a key region for investment.”
Kyril Courboin, Senior Country Officer of JPMorganChase France: “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.”
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