About Renew Capital
Renew Capital is a venture capital firm founded in 2007. It is primarily based out of Addis Ababa, Ethiopia. As of May 2025, Renew Capital has invested in 44 companies. It primarily invests in Seed round in Kenya based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Seed round of Beemi A lot of funds co-invest with Renew Capital, with names like Change Com sharing a substantial percentage of its portfolio. Renew Capital has team of 24 people including 1 partners.Key Metrics
Renew Capital's List of Top Investments
Renew Capital has a portfolio of 44 companies. Their most notable investments are in Teraki app and Agenz.Their portfolio spans across Kenya, Uganda, Ethiopia and 12 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 21 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Renew Capital:
1. Buupass
App-based platform that provides ticket booking services for travelers. The platform enables users with buses, flights, hotels, and more. Users can book tickets providing relevant information including destination, date of travel, and more. Their apps are available on Android devices.
Key facts about Buupass
- Founded Year: 2017
- Location: Nairobi (Kenya)
- Stage: Seed
- Total Funding till date: $2.94M
- Employee Count: 55 as on Jun 30, 2026
- Investors: Artha India Ventures, Ajim Capital and 13 Others
- Latest Funding Round: Seed, Jul 10, 2025, $*****
- Highlight: Editors' Pick
2. Agenz
SaaS-driven property appraisal solution for real estate professionals. The platform provides a property valuation platform for the real estate market. It offers users real estate market data for valuing their property, understanding local prices, offers, and more.
Key facts about Agenz
- Founded Year: 2020
- Location: Casablanca (Morocco)
- Stage: Seed
- Total Funding till date: $6.84M
- Employee Count: 55 as on Jun 30, 2026
- Investors: Breega, Saviu Ventures and 6 Others
- Latest Funding Round: Seed, Jun 11, 2026, $*****
- Highlight: Editors' Pick
3. Sawa Energy
Manufacturer of pastries and confectioneries. This company produces a wide variety of sweets, including Arabic and Western pastries, appetizers, and desserts. It also offers fresh juices and chocolates. The company maintains high quality standards, utilizing its own quality control laboratories and adhering to relevant health and safety regulations. A focus on competitive pricing ensures accessibility to a broad customer base. The company continually updates its product lines to reflect current trends in the food industry and employs advanced technology in its production processes.
Key facts about Sawa Energy
- Founded Year: 2011
- Location: Calgary (Canada)
- Stage: Series A
- Total Funding till date: $2.9M
- Employee Count: 26 as on Jun 30, 2026
- Investors: Oikocredit, ElectriFI and 3 Others
- Latest Funding Round: Conventional Debt, Apr 02, 2026, $*****
4. Dabchy
Online marketplace offering multi-category second-hand fashion products. The product catalog includes apparel, footwear, jewelry, sunglasses, bags, and other fashion accessories. It also provides beauty products. The application is available on both iOS and Android platforms.
Key facts about Dabchy
- Founded Year: 2016
- Location: Tunis (Tunisia)
- Stage: Seed
- Total Funding till date: $1.34M
- Employee Count: 31 as on Jun 30, 2026
- Investors: 500 Global, Village Capital and 8 Others
- Latest Funding Round: Seed, Feb 19, 2025, $*****
- Highlight: Editors' Pick
5. NjiaPay
Provider of a platform for managing and optimizing online payment processing. The platform offers tools for payment routing, redundancy, and risk management. It provides a unified checkout experience and supports multiple payment service provider integrations. The platform also offers reconciliation reports and data insights.
Key facts about NjiaPay
- Location: Johannesburg (South Africa)
- Stage: Seed
- Total Funding till date: $3.1M
- Employee Count: 21 as on Jun 30, 2026
- Investors: HAVAIC, Newion and 1 Other
- Latest Funding Round: Seed, Mar 09, 2026, $*****
- Highlight: Editors' Pick
Renew Capital's Year-on-Year Investment Trends
Renew Capital has invested in 44 companies over the last 13 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 6 investments. Its most recent first time investment was in Beemi and most recent follow-on round was in Konnect.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 5 | 1 | 6 |
2024 | 23 | 1 | 24 |
2023 | 9 | 0 | 9 |
2022 | 3 | 0 | 3 |
Renew Capital's Investments by Stage
Renew Capital has made 36 investments in Seed stage with an average round size of $819K, 3 investments in Series A stage with an average round size of $24M, 1 investment in Conventional Debt stage and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 36 |
Series A | 3 |
Conventional Debt | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Renew Capital's Investments by Sector
Renew Capital has a diverse portfolio, with companies operating in the Consumer, FinTech, Enterprise Applications, Retail and Auto Tech. Notably, it has invested in 33 Tech companies, 24 Enterprise (B2B) companies, 18 Consumer (B2C) companies and at least 16 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 15 |
FinTech | 14 |
Enterprise Applications | 13 |
Retail | 7 |
Auto Tech | 4 |
Others | 47 |
Note: We have considered here, only first round of investments
Renew Capital's Investments by Geography
Renew Capital has made most investments in Kenya (14), followed by Uganda where it has made 7 investments.Country | No. of Investments |
|---|---|
Kenya | 14 |
Uganda | 7 |
Ethiopia | 3 |
France | 2 |
Ghana | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
Renew Capital's recent investments
Renew Capital has not made any investment in 2026 so far.Here are the most recent investments by Renew Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 29, 2025 | Ethiopia | Seed | 4407 | - | |
May 12, 2025 | Ghana | Seed | 9801 | - | |
May 05, 2025 | Tunisia | Seed | 7450 | ||
Mar 25, 2025 | South Africa | Seed | 1886 | - | |
Feb 19, 2025 | Tunisia | Seed | 2347 | [+2] |
Team profile of Renew Capital
Renew Capital has a team of 24 members including 1 Partner and 10 Principals located in Ethiopia, India and 6 more locations. Renew Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Renew Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Principal | Casablanca | - | ||
Principal | Ethiopia | - | ||
Principal | Lusaka | - | ||
Principal | - | - | - | |
Principal | Bengaluru | - | - | |
Principal | Maputo | - | - | |
Principal | Ethiopia | - | - | |
Principal | Nairobi | - | - | |
Principal | Kampala | - | - | |
Principal | Tanzania | - | - |
Co-investors of Renew Capital
Over the past 13 years, 123 investors have co-invested in Renew Capital's portfolio companies. This includes funds and angels.
- Invested before Renew Capital: Black Founders Fund, Techstars and 58 others have invested in rounds before Renew Capital. There are 4 companies where Black Founders Fund has invested before Renew Capital and 3 companies where Techstars has invested before Renew Capital.
- Top Co-investors of Renew Capital: 31 investors entered a company along with Renew Capital. These include investors like Change Com (2 companies).
- Invested after Renew Capital: A total of 32 investors have invested in Renew Capital's portfolio after their investments. Top Investors include Attijariwafa Ventures (2 companies), Tim Draper (1 company) and Yango (1 company).
Recent News related to Renew Capital
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Renew Capital Selects 15 African Tech Startups for Embedded Finance AcceleratorBusinessDay•Jul 09, 2026•Renew Capital
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Renew Capital launches Renew Venture Lab to support African finance founders.Disruptafrica•Apr 13, 2026•Renew Capital
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Enakl Secures $1.4 Million to Revolutionize Urban Mobility in Africa with Sustainable, Tech-Driven Transport SolutionsTech In Africa•Sep 23, 2025•Digital Africa, Enakl, Catalyst Fund, Renew Capital and 1 other
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Hypeo AI Secures Strategic Investment to Transform Influencer Marketing in Africa and the Middle EastTechgist Africa•Sep 01, 2025•Renew Capital
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Tech Funding Contracted In Africa Despite Early Stage GrowthNewtelegraphng•Aug 19, 2025•Flat6Labs, Y Combinator, Plug and Play Tech Center, Techstars and 2 others
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Renew Capital Invests in Hypeo Ai to Revolutionize Influencer Marketing in MENAInnovation-village•Aug 17, 2025•Renew Capital, hype
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Tech Funding in Africa Contracts in H1 2025 Despite Early-Stage Growth
TechTrends Media•Jul 10, 2025•Flat6Labs, Y Combinator, Techstars, Renew Capital and 7 others
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Tendo Raises Funding to Turn Social Media Accounts into Online StoresTechMoran•May 12, 2025•Tendo, Renew Capital
