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.
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