In a bold move to support gender equity in venture capital, the British Business Bank has invested €20 million into Revaia Growth II, a €250 million fund led entirely by women. This commitment strengthens the UK’s push toward a more inclusive, sustainable economy while boosting funding opportunities for female founders.
The British Business Bank, known as one of the UK’s largest investors in venture and growth capital, is doubling down on its support for women-led investment firms. This latest funding aligns with the UK government-backed Invest in Women Taskforce, which seeks to unlock capital for female entrepreneurs. It also reflects the Bank’s broader mission to back sustainable innovation and inclusive business models across Europe and the UK.
Backing Ambitious Female-Led Growth
Founded in 2019 by Alice Albizzati and Elina Berrebi, Revaia has become Europe’s largest all-women-led VC firm. With offices in Paris, Berlin, and London, the firm is focused on helping high-growth European tech startups expand globally—through to IPO or strategic exits.
Revaia Growth II is the firm’s second fund, following its successful 2021 debut. The new fund targets around 12 investments, with ticket sizes between €10 million and €30 million. So far, six deals have already been completed, with roughly a third of the capital reserved for follow-on rounds—particularly to support portfolio companies engaging in mergers and acquisitions.
A Strategic Push for ESG and Sustainability
Revaia is more than just a fund; it’s a platform designed to embed sustainability into the DNA of Europe’s future tech leaders. The VC has a dedicated ESG team that actively works with founders to improve their sustainability performance. This hands-on approach positions Revaia as a rare breed of growth investor that’s equally committed to values and value creation.
With a growing portfolio and €600 million under management, Revaia is backing founders who are scaling fast in sectors like AI and the energy transition—without compromising on impact or ethics.
Portfolio Highlights: Scaling with Purpose
Revaia’s investment strategy revolves around resilient, tech-driven, and mission-aligned companies. Its current portfolio includes:
- FAAST – A rising star in insurance and wealth management platforms.
- Mews – A hospitality tech platform simplifying hotel operations through cloud-based tools.
- Planity – A top-tier online booking solution for beauty and wellness services.
- Algolia – A $2.3B search-as-a-service platform powering discovery experiences.
- Aircall – A scalable cloud call center solution for businesses worldwide.
- Shift Technology – AI-driven tools for detecting fraud and streamlining insurance claims.
What This Means for the Venture Ecosystem
The British Business Bank’s support for Revaia signals a shift toward a greener, more diverse venture capital landscape. By investing in female-led funds with strong sustainability credentials, the Bank is not just closing funding gaps—it’s shaping the future of finance itself.
Christine Hockley, Managing Director at British Business Bank, emphasized the fund’s impact: “Revaia’s focus on scaling sustainable tech aligns with our mission to unlock capital for the UK’s growth-stage businesses while pushing toward a net-zero economy.”
Robert Greenwood, Senior Investment Director at the Bank, echoed this sentiment, noting Revaia’s “robust sustainability framework” and “proven ability to back companies poised for scale.”
JPMorgan Chase also weighed in, with Kyril Courboin, Senior Country Officer in France, praising Revaia’s “pan-European reach, deep sector knowledge, and execution speed” through its Spark France initiative.
Founders’ Vision for European Tech
Revaia’s co-founders remain focused on scaling the firm’s impact.
“Closing our second fund is a strong signal of trust in our strategy,” said Alice Albizzati. “With our fast-growing portfolio and a clear focus on energy transition and AI, we’re ready to help Europe’s next generation of tech champions rise.”
Elina Berrebi added: “We’ve built a platform for scale—not just for our startups, but for Revaia itself. With our pan-European presence and high-conviction investment model, we’re delivering both returns and real impact.”
