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

Partner and CEO

Diana N Njuguna

Investment Manager

Past deals in East Africa

Octavia Carbon

Venture Round in 2024
Octavia Carbon is the first Direct Air Capture (DAC) company in the Global South, focused on filtering carbon dioxide from the atmosphere to combat climate change and reduce reliance on fossil fuels. The company designs, builds, and deploys patented technology that utilizes Kenya's geothermal energy and geological resources to enhance the efficiency and cost-effectiveness of DAC technology. By capturing CO2 directly from the air, Octavia Carbon enables the conversion of this greenhouse gas into stable underground rock formations or repurposes it as an industrial gas, helping to replace polluting fossil fuels. This innovative approach not only addresses environmental concerns but also supports industrial power users in East Africa, contributing to the fight against energy poverty in the region.

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 provides a payment platform aimed at simplifying financial transactions for businesses in Africa. By offering smart Visa cards and facilitating e-commerce and cashless transactions, Xente supports a range of payment needs, including mobile, utilities, travel, events, and entertainment. Its neo-bank platform is designed to enhance the digital transformation in East Africa, where many transactions still occur manually. This enables both customers and businesses to engage in reliable and secure transactions from any mobile device, promoting a more efficient and accessible financial ecosystem.

BuuPass

Pre Seed Round in 2023
BuuPass is a digital transport solutions provider in Kenya, focusing on simplifying the movement of commuters. As the country's first marketplace for bus, shuttle, and train bookings, BuuPass offers a user-friendly platform that allows individuals to conveniently reserve seats and make payments for their travel needs. The service is designed to enhance the booking experience for urban commuters by enabling online ticket purchases through both smartphone apps and SMS-based options. Founded by young entrepreneurs passionate about addressing everyday transportation challenges, BuuPass aims to empower users with choices that cater to their time and financial preferences. The company envisions a world where seamless travel connects people to opportunities and fosters a borderless lifestyle.

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, aggregator, and distributor for farm supplies based in Kampala, Uganda.

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 food delivery startup that operates an online platform designed to streamline the food ordering process for consumers. The service allows users to select their preferred restaurant, choose their favorite dishes, and submit their order in three straightforward steps. By facilitating a hassle-free food delivery experience, Deliver Addis aims to make dining at home more convenient for its customers.

ET Fresh

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