RENEW

RENEW and the Impact Angel Network are one of the most active private equity investors in Ethiopia and recently expanded to Uganda. RENEW and the IAN seek to become the most successful SME investment firm in Sub-Saharan Africa, investing in hundreds of companies across twenty countries. Their mission is to find, invest and help grow great companies led by visionary leaders.

Diana N Njuguna

Investment Manager

Past deals in Africa

Xente

Pre Seed Round in 2023
Xente Tech Limited is an e-commerce and digital payment company based in Kampala, Uganda, founded in 2017. It provides a mobile financial services platform that allows users to make payments across various use cases, including utilities, travel, and entertainment. Operating in countries such as Uganda, Kenya, Tanzania, Nigeria, and South Africa, Xente facilitates both domestic and cross-border transactions through mobile money, bank cards, and credit options. The company's neo-bank approach promotes a cashless ecosystem, aiming to transform the predominantly manual payment landscape in East Africa. Xente enables customers and businesses to conduct transactions reliably and safely using mobile devices from anywhere in the world.

Wazi Vision

Seed Round in 2023
Wazi Vision manufactures eye glasses. The company was founded in 2016 and is headquartered in Kampala, Uganda.

Easy Matatu

Venture Round in 2022
Developer of a ride-hailing platform designed to connect commuters to safe, reliable and clean transportation. The company's platform offers a mobile application through which users can book rides and choose pickup points closest to them, enabling people to access a network of reliable and convenient transportation means.

Deliver Addis

Seed Round in 2020
Deliver Addis is an Ethiopian food delivery startup that operates an online platform designed to simplify the food ordering process for consumers. The service allows users to conveniently place orders from a variety of local restaurants through a straightforward three-step process: selecting a restaurant, choosing their desired dishes, and submitting the order. This streamlined approach ensures that customers can enjoy food delivered directly to their location with ease and efficiency.

Kijani Baby

Seed Round in 2019
Kijani (U) Ltd manufactures and sells reusable diapers for babies and children. The company offers toddler sleeping bags, baby dresses, disposable diaper liners, and soakers. It also offers its products online. The company was incorporated in 2014 and is based in Kampala, Uganda.
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