Renew Capital

Renew Capital is an early-stage venture firm co-founded and co-led by Matt and Laura Davis, who moved to Africa in 2012 and began building from Ethiopia before expanding across the continent. The firm now operates in 14 African countries with a team of 50+ staff and focuses on tech and tech-enabled businesses targeting the "missing middle," companies too large for microfinance but too small for institutional investors.

The firm runs a multi-fund structure: Renew Venture Lab Fund 1 (closed and deployed across 8+ companies), Renew Venture Lab Fund 2 (targeting up to 50 tech startups across Africa, launched February 2024), and Renew Capital Fund 1 (a growth-stage follow-on fund for top performers from the venture lab). The firm's investor base is the Renew Capital Angels Network, a group of 200+ families primarily from the US and Canada, alongside foundations and family offices. While specific fund sizes aren't publicly disclosed, total AUM is estimated at $20 million+ across vehicles. The firm maintains a gender-balanced, diverse investment team and applies a gender-smart investing lens.