European Venture Firm Revaia Raises €250 Million for New Fund

Technology-focused European investment firm Revaia has raised €250 million ($270 million) in total for its second growth fund, taking its assets under management to €600 million.

Revaia Growth II raised another €100 million following the fund’s first close in late 2023, according to a statement reviewed by Bloomberg News. French state-owned investment firm Bpifrance SACA and the European Investment Fund are among the investors in the new fund, while other new institutional limited partners also include insurer BNP Paribas Cardif SA and JPMorgan Chase & Co. British Business Bank chipped in €20 million as well following the opening of Revaia’s ...