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 Kenya

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.

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.

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.
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