Renew Capital

Renew Capital is an investment firm based in Addis Ababa, Ethiopia, founded in 2007. The firm focuses on Africa's growing businesses, specifically targeting small and medium enterprises and the private sector. By addressing critical gaps in the market, Renew Capital connects these businesses with a global network of impact investors, facilitating growth and development within the region. Through its efforts, the firm aims to support the expansion of Africa's entrepreneurial landscape and enhance economic opportunities across the continent.

Adam Abate

Principal

Matthew Davis

Co-CEO and Chief Investment Officer

Diana N Njuguna

Investment Manager

42 past transactions

Tendo

Venture Round in 2025
Tendo is an online platform based in Accra, Ghana, that facilitates independent reselling by connecting resellers with businesses. Founded in 2019, the company allows individuals to start their own online businesses without the need for upfront capital investment. Tendo sources ready-to-ship products from various suppliers, which are then made available to resellers who can add their profit margins. The platform also provides access to social media tools and enables resellers to list products at wholesale prices, eliminating the challenges of inventory management and transportation. This innovative approach empowers small businesses and individuals to thrive in the digital e-commerce landscape.

Dabchy

Seed Round in 2025
Dabchy SARL, established in 2016 by Ameni Mansouri, Ghazi Ketata, and Osama Mahjoub, operates an online peer-to-peer fashion marketplace based in Tunis, Tunisia. The platform facilitates the buying, selling, exchanging, and reviewing of new and used clothing items, shoes, jewelry, accessories, bags, and beauty products. It combines elements of a social network and forum, allowing users to interact through likes, comments, and fashion tips.

Affinity

Seed Round in 2025
Affinity is a financial solutions company that provides financial inclusion, advisory, and literacy services.

Sevi

Venture Round in 2025
Sevi is a fintech company that provides financial services to small entrepreneurs and businesses. It offers low-interest loans to help them grow, with flexible repayment options. Additionally, Sevi has developed a 'Buy Now, Pay Later' application, enabling small shops and kiosks to purchase stock on credit from suppliers and pay later, thereby increasing their working capital.

Talaty

Seed Round in 2024
Talaty is a fintech company that leverages advanced AI to revolutionize small and medium business (SMB) financing. It offers a platform that empowers financial institutions to efficiently evaluate creditworthiness, tackle unregulated intercompany credit, and provide access to working capital for underserved SMBs. By doing so, Talaty aims to reduce SMB credit default rates and significantly lower operational costs for financial institutions, fostering financial inclusion and economic resilience.

ENAKL

Pre Seed Round in 2024
Enakl is a tech mobility company based in Africa, specializing in bus sharing solutions for commute rides. It uses data-driven technology to predict demand, pool users, and create efficient routes operated by professional drivers. Enakl's innovative model offers affordable pricing, promoting social inclusion while reducing congestion and improving transport access in African cities.

Konnect

Seed Round in 2024
Konnect is an online cross-border payment platform based in Tunis, founded in 2021. The company focuses on simplifying complex financial transactions by offering a variety of secure and cost-effective payment methods. Its platform allows users with email addresses to send and receive payments easily, catering to businesses of all sizes and facilitating their growth through enhanced financial flexibility.

STIMA

Seed Round in 2024
Stima Mobility is a technology company specializing in sustainable solutions for the moto-taxi industry in Africa. It develops and deploys integrated battery switching technology, aiming to enhance the efficiency and lifespan of electric batteries used in moto-taxis. This technology promotes the use of renewable energy and improves the end-of-life value of batteries, thereby maximizing their utilization and ensuring safety.

Octavia Carbon

Seed Round in 2024
Octavia Carbon is the Global South's pioneering Direct Air Capture (DAC) company, focused on developing innovative technology to filter carbon dioxide directly from the atmosphere. By utilizing Kenya's abundant geothermal energy and geological resources, Octavia Carbon aims to significantly reduce the costs associated with DAC technology. The captured CO2 can be transformed into stable rock formations underground or repurposed as an industrial gas, providing a cleaner alternative to fossil fuels. This approach not only addresses climate change but also supports industrial power users in East Africa, contributing to the fight against energy poverty in the region.

Agenz

Venture Round in 2024
Agenz is a company focused on enhancing transparency in the real estate market through its innovative property valuation platform. The platform offers credible and reliable real estate market data that is continuously updated in real-time, empowering individuals to make informed property decisions. Utilizing supervised machine learning algorithms developed in-house, Agenz allows users to value their properties at no cost, access information about local prices and offers, and choose the most suitable firms for their projects based on objective criteria. By providing comprehensive market insights, Agenz aims to facilitate faster and more effective real estate decision-making for its users.

ChipChip

Seed Round in 2024
ChipChip is an e-commerce platform that facilitates group buying of fresh products, directly connecting consumers with suppliers. It operates a social buying app that enables users to form groups, pool orders, and access locally sourced, farm-fresh products, thereby supporting local farmers and promoting sustainable practices.

Chpter

Pre Seed Round in 2024
Chpter is a software development firm specializing in integrated messaging solutions for businesses. It automates sales processes and facilitates personalized marketing campaigns, helping companies enhance revenue generation by managing communications and transactions through a single platform that supports various integrations.

Pumpkn

Seed Round in 2024
Pumpkn is a financial technology company focused on enhancing the financial health of small and medium-sized agribusinesses in Africa. By utilizing innovative technologies and data-driven solutions, Pumpkn aims to bridge the financial gap faced by these enterprises, simplifying financial management and reducing the costs associated with acquiring financing. The company provides tailored credit services to empower African entrepreneurs, helping them access the necessary funds to grow their businesses. Through its efforts, Pumpkn seeks to foster a more robust agribusiness sector by facilitating easier access to financial resources.

Roscas Financial Services

Seed Round in 2024
At Roscas Financial Services our commitment is to drive financial inclusion and reduce inequality by creating inclusive and sustainable financial products. Our ultimate goal is to provide underserved individuals and MSMEs with the tools and resources they need to build a better future for themselves and their families. Empower Your Savings, and Grow with Security!

Farm to Feed

Venture Round in 2024
Farm to Feed is a food supply chain company focused on addressing food loss and waste through a tech-enabled platform. It aims to create a circular food system by establishing a market for surplus and imperfect produce. This approach allows farmers to generate additional income by selling fruits and vegetables that would otherwise go unsold due to their appearance. Additionally, Farm to Feed enhances the affordability of nutritious food for consumers while contributing to a reduction in CO2 emissions. The company's innovative solutions promote sustainability and efficiency within the food supply chain, benefiting both producers and consumers.

Affinity

Venture Round in 2024
Affinity is a financial solutions company that provides financial inclusion, advisory, and literacy services.

Level Africa

Angel Round in 2024
Level Africa is a developer of a digital investment platform focused on wealth building in Africa. The company aims to simplify and enhance the investment experience by making it accessible and varied for a diverse audience, including both seasoned investors and novices. Its platform facilitates confidence in navigating financial markets, allowing users to build their ideal investment portfolios by selecting assets and utilizing various payment options. Through its innovative approach, Level Africa seeks to empower individuals to achieve their financial goals.

Roam

Series A in 2024
Roam is a technologically oriented electric mobility firm that creates and develops electric motorbikes and electric buses for emerging markets. Roam provides supporting infrastructure, fleet management software, and after-sales services to create an ecosystem that speeds up the transition to sustainable mobility in new frontier markets.

Tappi

Pre Seed Round in 2024
Tappi is a SaaS company focused on empowering small businesses in Africa to acquire customers online. It offers a comprehensive suite of tools, including messaging, payments, and AI-driven customer profiling, to help these businesses enhance their online presence, engage with customers, and build reputation.

Bosso Africa

Seed Round in 2024
Bosso Africa is a E-commerce platformplatform that provides new tools and solutions for hardware retailers and house builders.

Sawa Energy

Seed Round in 2024
Sawa Energy is a provider of solar electricity services, It designs, installs, owns, consults, and operates solar systems to provide clients with reliable solar electricity and project development, empowering small and medium-sized businesses by lowering electricity pricing and volatility.

Badili

Seed Round in 2024
Badili is a Nairobi-based company established in 2021 that specializes in the buying and selling of used and refurbished mobile phones. The company operates a re-commerce platform aimed at making affordable, high-quality used phones accessible to a broad audience. By providing a diverse selection of renewed mobile devices, Badili enables customers to save money while also contributing to the reduction of electronic waste by extending the life cycle of used phones.

Opareta

Pre Seed Round in 2024
Opareta is a company that develops digital infrastructure tailored for analog agent networks, focusing on enhancing business growth for agents, network managers, and their partners. Its platform includes a range of offerings such as performance management for agents and field teams, cash reconciliation, and compliance tools like know-your-agent and know-your-customer processes. Additionally, Opareta provides solutions for fraud detection, credit decisioning, and the digitization and tracking of field operations. The company aims to optimize finance operations by offering tools that deliver real-time visibility into key performance indicators, support data-driven decision-making, and facilitate predictive demand forecasting, all aimed at streamlining transactions, improving inventory management, and driving profitability.

Octavia Carbon

Venture Round in 2024
Octavia Carbon is the Global South's pioneering Direct Air Capture (DAC) company, focused on developing innovative technology to filter carbon dioxide directly from the atmosphere. By utilizing Kenya's abundant geothermal energy and geological resources, Octavia Carbon aims to significantly reduce the costs associated with DAC technology. The captured CO2 can be transformed into stable rock formations underground or repurposed as an industrial gas, providing a cleaner alternative to fossil fuels. This approach not only addresses climate change but also supports industrial power users in East Africa, contributing to the fight against energy poverty in the region.

MPost

Pre Seed Round in 2023
MPost is a company that transforms mobile phone numbers into formal postal addresses, effectively turning any mobile device into a mobile post office. This innovative solution facilitates universal access to postal services by linking mobile numbers with postal codes, thereby creating a digital addressing exchange infrastructure. MPost's services enhance the accuracy of deliveries and streamline the checkout process for e-commerce and logistics platforms through an API-driven approach. By collaborating with postal corporations, MPost aims to provide accessible and convenient solutions for all users, ensuring that mobile phone users can seamlessly engage with postal services.

Scale

Pre Seed Round in 2023
Scale operates as a digital platform aimed at simplifying the bid preparation process for small and medium-sized enterprises (SMEs). By transitioning businesses from traditional, manual methods to a fully digitized system, Scale helps SMEs become procurement-ready, ensuring that they can respond to tender opportunities efficiently. The platform guides users through the bidding process, promoting accuracy and consistency in their submissions. Additionally, it facilitates the management of tenders and supplier relationships, allowing SMEs to streamline their operations and increase their chances of winning more business opportunities. Through its comprehensive approach, Scale empowers SMEs to save time and resources while enhancing their competitiveness in the market.

Jamii.one

Pre Seed Round in 2023
Jamii.one operates a digital finance platform designed to empower traditional savings communities by transforming data into financial opportunities. The platform enables users to capture important data from their meetings and leverage that information to access affordable loans. It is accessible to individuals regardless of their formal identification status or smartphone ownership, allowing them to take control of their financial futures. By facilitating low-cost transactions, free payments, and loans, Jamii.one aims to help these communities achieve their financial goals efficiently.

Flexpay

Venture Round in 2023
Flexpay is a digital payment wallet based in Nairobi, Kenya, that facilitates electronic transactions for individuals and merchants. The company offers an automated platform enabling flexible payment solutions for various goods and services, allowing payments to be divided into smaller, manageable installments. Its product offerings include Flex Rent, designed for commercial and residential rent payments, Flex Travel for holiday package payments, and Flex Retail for transactions with partner merchants. Flexpay utilizes a secure system that supports mobile money and bank transfers, helping merchants engage effectively with customers through its innovative Save Now, Buy Later model, which allows for personalized incremental saving plans. This approach makes purchases more affordable, enhancing the overall payment experience across Africa.

AkelloBanker

Venture Round in 2023
AkelloBanker is a data-driven digital finance technology company. The company was founded in 2015 and is headquartered in Makerere, Kampala, Uganda.

Xente

Pre Seed Round in 2023
Xente is a company that specializes in providing smart Visa cards and payment solutions aimed at simplifying financial management and administrative tasks for businesses operating in Africa. It has developed a payment platform that facilitates e-commerce and cashless transactions, offering services for various sectors including mobile, utilities, travel, events, and entertainment. Through its neo-bank, Xente aims to drive digital transformation in East Africa, where cash-based transactions are prevalent. The platform enables customers and businesses to conduct reliable and secure transactions on mobile devices from anywhere in the world, thereby enhancing the overall payment experience.

BuuPass

Pre Seed Round in 2023
BuuPass is a digital transport solutions provider based in Kenya, focusing on simplifying the movement of people through innovative booking systems. As the first marketplace in the country for bus, shuttle, and train bookings, BuuPass offers a fast and user-friendly platform that allows commuters to easily reserve their seats and make payments. The company is powered by a team of young entrepreneurs dedicated to addressing everyday transportation challenges and enhancing accessibility. By enabling users to book tickets through both online and SMS-based methods, BuuPass ensures that urban commuters can manage their travel plans conveniently and efficiently. The company emphasizes the importance of time and choice, striving to empower individuals to travel on their own terms while connecting them to various opportunities.

Teraki

Pre Seed Round in 2023
Teraki App is an East-African that does audio streaming platform which hosts audiobooks, podcasts, and radio shows. Everyone can use Tereki. It is the app Which brings interactive and entertaining content to the Ethiopian and East African Diaspora Community, for the Young Generation, Adults, Children, and the Visually Impaired.

Inputi

Seed Round in 2022
Inputi is an online marketplace based in Kampala, Uganda, designed to connect smallholder farmers with quality and affordable farm supplies. The company aggregates and distributes essential agricultural inputs such as fertilizers, fungicides, and pesticides, allowing farmers to access a diverse range of products through a single digital platform. In addition to its marketplace services, Inputi offers insurance coverage to protect farmers against unforeseen circumstances, further supporting their agricultural endeavors. By facilitating access to genuine inputs at competitive prices, Inputi aims to enhance the productivity and resilience of smallholder farmers in the region.

AkelloBanker

Debt Financing in 2022
AkelloBanker is a data-driven digital finance technology company. The company was founded in 2015 and is headquartered in Makerere, Kampala, Uganda.

Easy Matatu

Venture Round in 2022
Easy Matatu is a technology-driven platform that facilitates safe, reliable, and clean transportation for commuters. It offers a mobile application that allows users to book rides and select pickup points that are most convenient for them. By connecting users to a network of dependable transportation options, Easy Matatu aims to enhance the commuting experience and ensure accessibility to quality transport services. The platform focuses on providing a user-friendly interface that prioritizes safety and convenience in urban mobility.

Deliver Addis

Seed Round in 2020
Deliver Addis is an Ethiopian startup specializing in online food delivery. It operates a platform that facilitates food ordering in three simple steps: selecting a restaurant, choosing dishes, and submitting orders for delivery directly to customers' locations.

Kijani Baby

Seed Round in 2019
Kijani Baby is a manufacturer of environmentally friendly washable diapers, aimed at providing a quality and affordable alternative to disposable baby sanitation products. The company specializes in creating reusable and adjustable diapers that can be used until a child is potty trained. Kijani Baby's product line includes various materials such as waterproof pul, suedecloth, bamboo terry, microfiber, and cotton jersey, along with components like kam snaps, handheld snap pliers, and a tabletop snap press. By offering sustainable solutions, Kijani Baby supports parents and caregivers in making eco-conscious choices for their children's needs.

ET Fresh

Venture Round in 2018
ET Fresh is focus on increasing the export of high-quality, processed and branded meat products from Ethiopia.

DVentus Technologies

Debt Financing in 2013
dVentus Technologies, LLC is a company that specializes in the design, development, manufacturing, and marketing of advanced solutions for the energy generation and distribution sectors, particularly focusing on smart grid technology and energy efficiency. Established in 2005 and based in Ann Arbor, Michigan, the company offers a range of products including smart electric and water meters, distribution automation solutions, generators, and converters. Additionally, dVentus provides services such as electric power and water network analysis, system design, and customized data analytics. The firm is committed to producing tailored solutions that encompass the entire process from concept design and research to product development and manufacturing. With a focus on innovation and efficiency, dVentus serves a diverse customer base in the United States and internationally, contributing to the advancement of renewable energy and clean technology solutions.

Beemi

Beemi is a live-entertainment platform that enables creators to earn income by hosting interactive gaming sessions with live audiences. The platform offers a range of engaging games and audience participation features, allowing creators to make their live streams more entertaining and rewarding for viewers.

Konnect

Konnect is an online cross-border payment platform based in Tunis, founded in 2021. The company focuses on simplifying complex financial transactions by offering a variety of secure and cost-effective payment methods. Its platform allows users with email addresses to send and receive payments easily, catering to businesses of all sizes and facilitating their growth through enhanced financial flexibility.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.