European VC firm Revent has successfully closed a €100 million ($109 million) Fund II aimed at investing in startups focused on planetary and societal health. Founded in Berlin in 2021 by Otto Birnbaum and Lauren Lentz, the fund seeks to support innovative companies in energy transition, healthcare, and climate solutions. With notable LPs including the Otto Group and the European Investment Fund, Revent has already backed 26 companies. Lentz emphasizes the need for long-term investment in these sectors, particularly in the current geopolitical climate, positioning Europe as a leader in tech and innovation.