Renew Capital launches next pan-African tech fund
Renew Capital has launched its new pan-African tech fund, the Renew Venture Lab Fund 2.
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Renew Capital has launched its new pan-African tech fund, the Renew Venture Lab Fund 2 (RVL2).
“In 2012, we were among the first investment firms in Ethiopia. Much of our early work involved educating the market about what an investment firm does,” says Matt Davis, co-CEO of Renew Capital. The firm now operates in 14 countries.
“We began investing into individual deals through the Renew Capital Angels Network, now comprising more than 200 families mainly from the US and Canada,” adds Laura Davis, co-CEO.
In 2023, the firm launched the Renew Venture Lab Fund series, focusing on early-stage tech and tech-enabled companies. Following the closing and deployment of capital from Renew Venture Lab Fund 1, Renew Capital is now launching Renew Venture Lab Fund 2 (RVL2). This fund is designed to invest in up to 50 tech startups across Africa, offering training and support to founders and their teams. The most successful companies in RVL2 will be eligible for larger investments from Renew Capital Fund 1, the firm’s growth-stage investment fund.
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