Key Takeaways
- • Revolut plans to launch its Revolut Ventures platform in 2027, enabling eligible individuals to invest in unlisted high-growth technology companies before they go public, according to the company's 26 October announcement.
- • The platform will operate through Revolut Direct Investment SAV-I, a Luxembourg special limited partnership incorporated on 27 August 2026 and registered as an alternative investment fund, managed by Carne Global Fund Managers (Luxembourg).
- • Responsibilities are split among multiple parties: Revolut builds the trading platform, Alter Domus handles administration, BNY provides depositary and custody services, and Revolut Securities Europe UAB handles EEA distribution.
- • The structure is subject to alternative investment fund rules rather than banking regulation, and Revolut has not disclosed portfolio allocation, eligibility thresholds or access conditions.
- • The move marks Revolut's return to Luxembourg, where it withdrew a 2018 e-money application in 2019, and follows full banking licences in Lithuania, the UK and France.
Summary
Revolut is set to launch its Revolut Ventures platform in 2027 through a Luxembourg-based fund managed by Carne, according to Paperjam's reporting. The neobank announced the platform on 26 October, positioning it as a way for certain customers to invest in unlisted technology companies. Rolandas Juteika, Head of Revolut Wealth and Trading in the European Economic Area, said the company wants to "break down one of the last barriers to investment" by enabling eligible individuals to invest in high-growth technology companies before they go public.
The original announcement did not name the fund or its jurisdiction. When questioned, a Revolut spokesperson pointed to an entity in the Luxembourg CSSF register, Revolut Direct Investment SAV-I, a special limited partnership incorporated on 27 August 2026 and registered as a Luxembourg alternative investment fund. Its regulatory manager is Carne Global Fund Managers (Luxembourg), and its general partner is CG Rev Private Markets Advisors, also incorporated in August 2026. Alter Domus will administer the fund, BNY will provide depositary and custody services, and Revolut Securities Europe UAB, a Lithuanian investment firm within the group and separate from Revolut Bank UAB, will handle distribution in the European Economic Area.
The vehicle is not a bank or a banking subsidiary and falls under alternative investment fund regulation. Paperjam noted a discrepancy: the vehicle's articles provide for investments in a single "leading private company backed by venture capital," while the company's response describes a mandate targeting high-growth global technology companies at an advanced stage before IPO. Revolut has not explained this gap or disclosed portfolio allocation, eligibility criteria or access terms, which are expected closer to launch.
The Luxembourg move revisits the company's history there. In 2018 Revolut applied to the CSSF for authorisation as an electronic money institution, intended in part to serve European customers after Brexit, and it incorporated Revolut Technologies S.A. in Luxembourg in June 2019. The application was withdrawn in summer 2019, before any CSSF decision, which Revolut attributed to a focus on Ireland; it denied the withdrawal was linked to controversies over its compliance systems and management practices.
Since then, Revolut has expanded its banking footprint. Its Lithuanian entities gained a specialised banking licence from the European Central Bank in December 2018, which was converted into a full banking licence in December 2021. Revolut Bank UK Ltd received a restricted UK banking licence in July 2024, with restrictions lifted in March 2026. In August 2026, Revolut Bank S.A. was granted a full French banking licence following reviews by the French Prudential Supervision and Resolution Authority and the ECB, and the group now operates two EU banks, with the Paris entity set to gradually take over Western European customers.
The original announcement did not name the fund or its jurisdiction. When questioned, a Revolut spokesperson pointed to an entity in the Luxembourg CSSF register, Revolut Direct Investment SAV-I, a special limited partnership incorporated on 27 August 2026 and registered as a Luxembourg alternative investment fund. Its regulatory manager is Carne Global Fund Managers (Luxembourg), and its general partner is CG Rev Private Markets Advisors, also incorporated in August 2026. Alter Domus will administer the fund, BNY will provide depositary and custody services, and Revolut Securities Europe UAB, a Lithuanian investment firm within the group and separate from Revolut Bank UAB, will handle distribution in the European Economic Area.
The vehicle is not a bank or a banking subsidiary and falls under alternative investment fund regulation. Paperjam noted a discrepancy: the vehicle's articles provide for investments in a single "leading private company backed by venture capital," while the company's response describes a mandate targeting high-growth global technology companies at an advanced stage before IPO. Revolut has not explained this gap or disclosed portfolio allocation, eligibility criteria or access terms, which are expected closer to launch.
The Luxembourg move revisits the company's history there. In 2018 Revolut applied to the CSSF for authorisation as an electronic money institution, intended in part to serve European customers after Brexit, and it incorporated Revolut Technologies S.A. in Luxembourg in June 2019. The application was withdrawn in summer 2019, before any CSSF decision, which Revolut attributed to a focus on Ireland; it denied the withdrawal was linked to controversies over its compliance systems and management practices.
Since then, Revolut has expanded its banking footprint. Its Lithuanian entities gained a specialised banking licence from the European Central Bank in December 2018, which was converted into a full banking licence in December 2021. Revolut Bank UK Ltd received a restricted UK banking licence in July 2024, with restrictions lifted in March 2026. In August 2026, Revolut Bank S.A. was granted a full French banking licence following reviews by the French Prudential Supervision and Resolution Authority and the ECB, and the group now operates two EU banks, with the Paris entity set to gradually take over Western European customers.
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