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

Past deals in Africa and Middle East

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.

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.

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.

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.

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.

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.

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.

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.

ET Fresh

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