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Since 2023, Renew Capital has backed 19 African startups across 27 disclosed funding rounds totaling $16.4M, most heavily in Kenya and Fintech.
Renew Capital is an early-stage venture capital firm investing in Africa's tech-enabled startups. The firm partners with visionary founders to drive growth, supports entrepreneurs on the ground, strengthens startup ecosystems, and connects startups to global capital markets. With a team of more than 50 staff across 13 African countries, Renew Capital deploys capital through a multi-staged investment model and operates the Renew Venture Lab accelerator. Since February 2023, Renew Capital has participated in 13 funding rounds totaling $12.0M, focusing on venture (round not specified) and seed stages. The firm targets fintech (9 investments), marketing & CRM (2), e-commerce & retail (1), and travel & mobility (1), with geographic emphasis on Kenya (5), Ghana (3), Tunisia (2), Uganda (2), and Morocco (1). Investments include Konnect and Affinity in fintech, Chpter in marketing & CRM, and others like Sevi, Tappi, and Flexpay. Renew Capital employs a blended finance model supported by Global Affairs Canada to reduce early-stage risk and foster economic partnerships between Canada and Africa. The firm has co-invested with partners such as 54 Collective, Attijariwafa Ventures, and Visa.
Data updated · Jul 29, 2026
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Renew Capital has backed 19 African startups across 27 disclosed funding rounds tracked on Liners, totaling $16.4M since 2023.
Mostly Venture (Round not Specified): 12 of its 27 tracked rounds are at that stage, followed by Seed (9).
Its tracked rounds lean toward Fintech (12), E-commerce & Retail (7), Media & Entertainment (2), and 5 more sectors.
Renew Capital most often shares rounds with 54 Collective (2 shared deals), Attijariwafa Ventures (2 shared deals), Launch Africa Ventures (2 shared deals).
Renew Capital has backed Hypeo (Morocco, marketing & CRM), Tendo (Ghana, e-commerce), Konnect (Tunisia, fintech), Affinity (Ghana, fintech), Sevi (Kenya, fintech), Chpter (Kenya, marketing & CRM), Level (Uganda, fintech), Tappi (Kenya, fintech), Flexpay (Kenya, fintech), Xente (Uganda, fintech), and Buupass (Kenya, travel).