Renew Capital

Renew Capital is an investment firm focused on Africa, bridging critical gaps for growing African businesses by connecting them with global impact investors.

Adam Abate

Principal

Matthew Davis

Co-CEO and Chief Investment Officer

Esther Mwikali

Senior Investment Manager

Diana N Njuguna

Investment Manager

Past deals in East Africa

Octavia Carbon

Seed Round in 2024
Octavia Carbon is a pioneering company based in Kenya that specializes in Direct Air Capture (DAC) technology. It designs, builds, and deploys proprietary systems to filter CO2 from the atmosphere, aiming to reverse climate change and reduce reliance on fossil fuels. The company uniquely leverages Kenya's geothermal energy and talent to accelerate DAC technology development and lower costs.

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.

Octavia Carbon

Venture Round in 2024
Octavia Carbon is a pioneering company based in Kenya that specializes in Direct Air Capture (DAC) technology. It designs, builds, and deploys proprietary systems to filter CO2 from the atmosphere, aiming to reverse climate change and reduce reliance on fossil fuels. The company uniquely leverages Kenya's geothermal energy and talent to accelerate DAC technology development and lower costs.

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 operates a transportation marketplace and ticketing platform that simplifies booking for bus, shuttle, and train services in Kenya and other markets. The company partners with transport operators to provide digital solutions that enable commuters to search, reserve seats, and pay conveniently, often via mobile and SMS channels. As one of the early movers in digital transport booking in Kenya, BuuPass aims to connect travelers with available departures, helping users save time and choose options that fit their schedules and budgets. The platform supports local urban travel by enabling automated ticketing and easy payments, with a focus on reliability, accessibility, and seamless user experience for everyday mobility.

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 a Kampala-based online marketplace, aggregator, and distributor of farm inputs that serves smallholder farmers. It operates a digital platform that connects farmers to access quality, genuine inputs at affordable prices through a single portal, and it includes insurance coverage to cushion farmers against unexpected events. The company supplies fertilisers, fungicides, and pesticides, consolidating procurement and distribution to streamline input supply for agricultural producers.

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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