British Business Bank commits €20M to Revaia Growth II

The British Business Bank has committed €20M commitment to Revaia Growth II, a fund from Revaia, a leading independent growth investor focused on high-growth technology scale-ups across Europe and the UK.

Revaia is the largest female-led fund in Europe. This investment will support sustainable innovation and green economy-focused endeavours, while also expanding access to funding for female-led investment firms.

Revaia Growth II focuses on scaling companies that prioritize sustainability, particularly in sectors such as energy transition, AI for insurance, and cybersecurity. The fund, which has already secured backing from a group of high-profile global investors, including Bpifrance, the European Investment Fund (EIF), BNP Paribas Cardif, and JP Morgan, has quickly deployed capital to high-potential companies. The British Business Bank's involvement adds to the growing momentum behind the fund and supports Revaia’s expanding presence in the UK.

Christine Hockley, Managing Director and Co-Head of Funds at the British Business Bank, explained:

"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."

The Bank’s support for female-led investment firms is a key part of its broader strategy to increase the representation of women in leadership positions within the venture capital space.

Revaia Growth II is already 40 percent deployed. The firm's portfolio backs startups in sectors like energy transition and AI.

Alice Albizzati, Founding Partner at Revaia, commented: "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."