Revaia, now formerly known as Gaia Capital Partners, has announced the final close of its first growth fund. Going above and beyond its initial target of €200 million, with a close at €250 million, the firm now holds the title of being Europe’s largest female-founded VC fund.
Launched in 2019 by Alice Albizzati and Elina Berrebi, the fund has been deployed to ten growth-stage startups thus far covering the software, consumer, and fintech sectors. Two new investments are slated to be announced soon, and the fund is looking to top out the portfolio at 15.
With one unicorn already in the portfolio (Aircall), a no-compromise commitment to investing in startups that keep an eye on sustainability, and establishing offices in both Paris and Berlin, Revaia has attracted the attention of a number of top tier institutional investors including Generali, Allianz, Maif, Bpifrance, and some 50+ family offices and high net worth individuals.
“When we set up the firm, we were determined to create an investment strategy in line with our convictions – a focus on European companies with high ambitions but with no compromise on sustainability – and with the objective of bridging the gap between private and public markets. Our venture has performed beyond our initial expectations,” commented Albizzati.