Paris-based Revaia, a European growth investor, has announced the final closing of its second fund, Revaia Growth II, at €250 million, bringing its total assets under management to €600 million.
Revaia, is the largest female-led fund in Europe.
“With two funds successfully raised in the six years since its foundation, Revaia’s position as a key player in scaling European tech champions has been cemented …” said Revaia.
“The final closing of fund II marks a significant step in institutionalizing and diversifying Revaia’s investor base, which now includes a broad range of institutional and private investors across Europe and the US.
“Bpifrance and the European Investment Fund (EIF), strong supporters since the first closing, are now joined by nine new institutional LPs, including the insurer BNP Paribas Cardif, and JP MorganChase, further strengthening Revaia’s global reach.
“This strong investor confidence in the fund’s investment strategy, positioning, and track record underscores Revaia’s ability to support Europe’s most promising tech scale-ups. With 30% of commitments coming from international investors, Revaia continues to bridge European expertise with global networks.”
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 initiative1 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.
“Through a strategically thought-out portfolio Revaia continues to support high-growth European scale-ups with both capital and strategic expertise, notably leading to a total of 17 build-up acquisitions carried out by its portfolio companies,” said Revaia.
“The technology sector in Europe has continued to mature, leading to an increase in investment opportunities in profitable and high-growth companies, which will constitute a significant part of our future investments.
“The portfolio has demonstrated strong performance. 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.”
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.”