Revaia announced it has closed a €40 million reinvestment vehicle dedicated to Hublo, a French provider of workforce management software for the healthcare sector, extending its support for the company after Hublo’s 2025 sale and beyond Revaia’s initial holding period.
Revaia said it acquired a significant stake in Hublo in July 2021 and backed an expansion plan focused on broadening Hublo’s product into a workforce and talent management platform, strengthening go-to-market with public and private institutions, and pursuing consolidation, including three acquisitions that were integrated during the period.
The firm said Hublo quadrupled annual recurring revenue during Revaia’s holding period, reached operational break-even ahead of schedule, and achieved what Revaia described as a significant organizational milestone. In July 2025, Five Arrows, Rothschild & Co’s alternative asset investment arm, finalized a strategic investment in Hublo following what Revaia described as a competitive process. Revaia called the deal the first exit for its Revaia Growth I fund and a benchmark transaction in the European small-cap software buyout market.
Revaia said the €40 million reinvestment vehicle brings together European, UK, and US investors and allows both existing Revaia investors and new entrants to invest alongside Hublo’s new shareholder and management team. By extending the holding period beyond the initial cycle, Revaia said the structure is designed to drive additional value creation while maintaining strategic continuity and tighter stakeholder alignment.
Hublo was formed from the merger of Whoog and MedGo during the Covid crisis and positions its unified platform as a way for healthcare institutions to manage staffing across recruitment, scheduling, internal mobility, and communication. Revaia said that by 202,5 Hublo was used by more than 22,000 managers across more than 5,000 facilities, benefiting 1 million healthcare professionals, with average savings of 2.5 hours per day per user.
KEY QUOTES
“This reinvestment vehicle extends the support we have provided to Hublo since 2021 and reflects our confidence in the quality of the team and the company’s trajectory, while also allowing us to bring in new investors for the next phase of value creation.”
Alice Albizzati, Founding Partner, Revaia
“Revaia’s continued commitment to us is a continuation of a long-term partnership built on trust and alignment. Their decision to reinvest alongside our new majority shareholder demonstrates their belief in our trajectory and strengthens the stability of our shareholder base for the next stage of our development.”
Antoine Loron, Co-Founder And Co-CEO, Hublo
