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

Davis C.F.A., Matthew

Partner and CEO

Diana N Njuguna

Investment Manager

40 past transactions

Tendo

Venture Round in 2025
Tendo is an online platform based in Accra, Ghana, that enables independent resellers to start their own e-commerce businesses without any upfront investment. Founded in 2019, the company connects resellers with products sourced from various suppliers, allowing them to sell ready-to-ship items directly to customers. Tendo's application facilitates the addition of profit margins to products and offers access to social media platforms for marketing. Resellers can list products at wholesale prices without the need for inventory management or transportation logistics, thereby simplifying the process of independent reselling. This model empowers small businesses and individuals to engage in online commerce efficiently.

Dabchy

Seed Round in 2025
Dabchy SARL operates an online peer-to-peer fashion marketplace that connects buyers and sellers of new and used fashion items. Founded in 2016 and headquartered in Tunis, Tunisia, the platform allows users to list a variety of products, including clothing, shoes, jewelry, accessories, bags, and beauty items. Dabchy fosters a community atmosphere where users can engage with one another by liking, commenting on listings, and sharing fashion advice. This unique combination of marketplace and social interaction enables customers to buy, sell, and exchange fashion items while participating in a vibrant online community.

Affinity

Seed Round in 2025
Affinity is a financial solutions company that provides financial inclusion, advisory, and literacy services.

Sevi

Venture Round in 2025
Sevi offers financial services by lending loans to help entrepreneurs to grow their business with low interest rates and easy payment modes.

TALATY

Seed Round in 2024
Talaty uses deep AI to halve SMBs credit default rate while cutting operational cost by 90%.

Konnect

Seed Round in 2024
Konnect provides a cross borders payment solution intended to simplify complex financial flows allowing companies of any scale and size to send and receive payments in a practical, secure, and low-cost way.

ENAKL

Pre Seed Round in 2024
Enakl is a technology mobility company focused on providing bus-sharing solutions for commuting in Africa. Its platform utilizes data collection to predict demand, allowing for efficient pooling of users based on their destinations and the creation of optimal routes operated by professional drivers. By integrating ride-hailing technology with existing shared taxi services, Enakl offers residents in emerging cities affordable, reliable, and comfortable transport options tailored to their needs. The company's innovative business model emphasizes social inclusion and aims to alleviate issues related to congestion and access to transportation in the region, while promoting flexible, safe, and convenient travel solutions.

Stima

Seed Round in 2024
Stima Mobility provides environmentally friendly technical solutions to the moto-taxi business. Stima focuses on developing integrated battery switching technology for African moto-taxis.

Octavia Carbon

Seed 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.

Agenz

Venture Round in 2024
Agenz operates a property valuation platform aimed at enhancing transparency in the real estate market. The company provides reliable, real-time market data that helps individuals make informed real estate decisions. Utilizing in-house developed machine learning algorithms, Agenz offers users the ability to value their properties for free, gain insights into local pricing and offers, and select suitable firms for their projects based on objective criteria. This focus on credible data and user empowerment positions Agenz as a valuable resource for those navigating the complexities of real estate transactions.

ChipChip

Seed Round in 2024
ChipChip is an e-commerce platform that offers fresh products by facilitating group buying, connects consumers directly with suppliers.

Chpter

Pre Seed Round in 2024
Chpter is a software development company that specializes in enhancing customer interactions through an integrated messaging platform. It offers an e-commerce solution that streamlines sales management, customer communication, and marketing automation. The platform includes features such as checkout and payment processing, customer messaging, and marketing content generation, enabling businesses to improve operational efficiency and foster better customer relationships. By providing tools for personalized marketing campaigns and automating sales processes, Chpter aims to boost revenue generation while allowing businesses to manage all communications and transactions in a unified system.

Pumpkn

Seed Round in 2024
Pumpkn is a financial technology company focused on enhancing the financial health of small and medium-sized agribusinesses in Africa. It aims to bridge the financial gap that many enterprises face by leveraging innovative technologies and data. Pumpkn simplifies financial management and reduces the costs associated with acquiring and financing credit. By providing tailored credit services, the company enables African entrepreneurs in the agribusiness sector to more easily access the funds they need to grow and sustain their operations.

Farm to Feed

Venture Round in 2024
Farm to Feed is a food supply chain company that is providing a digitally-enabled solution to food loss/waste.

Roscas Financial Services

Seed Round in 2024
At Roscas Financial Services our commitment is to drive financial inclusion and reduce inequality by creating inclusive and sustainable financial products. Our ultimate goal is to provide underserved individuals and MSMEs with the tools and resources they need to build a better future for themselves and their families. Empower Your Savings, and Grow with Security!

Affinity

Venture Round in 2024
Affinity is a financial solutions company that provides financial inclusion, advisory, and literacy services.

Level Africa

Angel Round in 2024
Level Africa is a digital investment marketplace focused on wealth building in Africa. The platform aims to simplify and enhance accessibility to investment opportunities, catering to both experienced and novice investors. By offering a diverse range of assets, Level Africa empowers users to confidently navigate the financial markets. Investors can easily select investments and complete transactions using various payment options, facilitating the creation of personalized investment portfolios. Through its user-friendly approach, Level Africa seeks to democratize investing and support individuals in achieving their financial goals.

Roam

Series A in 2024
Roam is a technologically oriented electric mobility firm that creates and develops electric motorbikes and electric buses for emerging markets. Roam provides supporting infrastructure, fleet management software, and after-sales services to create an ecosystem that speeds up the transition to sustainable mobility in new frontier markets.

Tappi

Pre Seed Round in 2024
Tappi is a full-stack software-as-a-service (SaaS) company focused on assisting small businesses in Africa in enhancing their online presence. The platform is designed to help these businesses attract customers and convert leads into sales by building detailed customer profiles through data aggregation from interactions. Tappi also aids in managing online reputation by collecting and promoting customer reviews, which contributes to increased visibility and reach. Additionally, the platform incorporates messaging and payment solutions, leveraging artificial intelligence to facilitate customer engagement and support the growth of small and medium-sized enterprises.

Bosso Africa

Seed Round in 2024
Bosso Africa is a E-commerce platformplatform that provides new tools and solutions for hardware retailers and house builders.

Sawa Energy

Seed Round in 2024
Sawa Energy is a provider of solar electricity services, It designs, installs, owns, consults, and operates solar systems to provide clients with reliable solar electricity and project development, empowering small and medium-sized businesses by lowering electricity pricing and volatility.

Badili

Seed Round in 2024
Badili is a Nairobi-based re-commerce platform established in 2021 that specializes in buying and selling used and refurbished mobile phones. The company aims to make these devices affordable and accessible, while also addressing the issue of electronic waste. By offering a diverse selection of renewed phones at competitive prices, Badili enables customers to save money without compromising on quality. This approach not only provides consumers with high-quality used phones but also contributes to reducing e-waste by giving these devices a second life.

Opareta

Pre Seed Round in 2024
Opareta specializes in developing digital infrastructure aimed at enhancing the operational efficiency of analog agent networks. The company's platform provides a range of tools for performance management, enabling agents and network managers to gain real-time visibility into key performance indicators. Opareta's offerings include cash reconciliation, fraud detection, and compliance checks such as know-your-agent and know-your-customer processes. Additionally, the platform supports the digitization and tracking of field team operations, facilitating better decision-making and predictive demand forecasting. By streamlining transactions and optimizing inventory management, Opareta helps drive growth for agents and their partners.

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.

MPost

Pre Seed Round in 2023
MPost, or Mobile Post Office, offers a patented solution that transforms mobile phone numbers into formal postal addresses, facilitating universal access to postal services. By linking mobile numbers to postal codes, MPost creates a digital addressing exchange infrastructure that supports accurate deliveries. This innovative service is designed for seamless integration with e-commerce and logistics platforms through an API-driven approach. MPost collaborates with postal corporations to enhance accessibility and convenience, ensuring that mobile users can easily utilize postal services directly from their devices.

Scale

Pre Seed Round in 2023
SCALE is a B2B marketplace for e-Procurement where we connect buyers with pre-vetted suppliers of goods and services. We do this by automating routine procurement processes that facilitate and manage formal Trade between African businesses. By transitioning these businesses from siloed, manual, paper and labour-intensive processes, we are providing efficiency, visibility and transparency to all procurement stakeholders. This sets the foundation for Trust Establishment, Trust Propagation and Trust Utility between these businesses.

Jamii.one

Pre Seed Round in 2023
Jamii.one platform transforms data into financial opportunities for traditional savings communities. Their technology can be used by anyone, even if they do not have formal identification or own a phone. Using an app, saving communities can take control of their finances and use their data to reach their financial goals.

Flexpay

Venture Round in 2023
Flexpay is a Nairobi-based company that operates a digital payment wallet, facilitating electronic transactions for individuals. It offers a range of products, including Flex Rent for managing residential and commercial rent payments, Flex Travel for holiday package payments, and Flex Retail for transactions with partner merchants. The company has developed an automated platform that enables both merchants and customers to manage flexible payments for goods and services through mobile money and bank transfer systems. This platform allows users to break down their purchases into manageable installments, enhancing affordability. Flexpay's innovative Save Now, Buy Later (SNBL) model empowers merchants to provide personalized incremental saving plans, thereby revolutionizing the payment process and improving customer engagement 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.

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.

Easy Matatu

Venture Round in 2022
Easy Matatu is a technology platform that facilitates safe, reliable, and clean transportation for commuters. Through its mobile application, users can easily book rides and select pickup points that are closest to their location. The platform aims to connect individuals with a network of dependable transportation options, enhancing the overall commuting experience. By prioritizing safety and convenience, Easy Matatu addresses the needs of modern travelers seeking efficient transportation solutions.

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.

Kijani Baby

Seed Round in 2019
Kijani Baby is a manufacturer of environmentally friendly washable diapers that offers a quality and affordable alternative to disposable baby sanitation products. The company specializes in reusable and adjustable diapers, allowing them to be used from infancy until a child is potty trained. Kijani Baby's product lineup includes materials such as waterproof PUL, suedecloth, bamboo terry, microfiber, and cotton jersey, as well as accessories like kam snaps, handheld snap pliers, and tabletop snap presses. By providing sustainable options, Kijani Baby aims to support parents and caregivers in making more eco-conscious choices for their children.

ET Fresh

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

DVentus Technologies

Debt Financing in 2013
dVentus Technologies, LLC is a company that designs and manufactures innovative solutions for the energy generation and distribution sectors, focusing on renewable energy and energy efficiency. Based in Ann Arbor, Michigan, the company offers a range of products including smart electric and water meters, distribution automation solutions, generators, converters, and drive products. Alongside product manufacturing, dVentus provides services such as electric power and water network analysis, system design, smart grid upgrades, and customized data analytics. Established in 2005, dVentus Technologies serves both domestic and international clients, delivering tailored solutions that encompass the entire process from concept design and research to product development and manufacturing.
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