# Renew Capital: portfolio, investments and team

> Renew Capital is a vc firm based in Ethiopia. 10 investments on record, latest Aug 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/renew-capital (Millionrounds; every figure on the page links to its filing or article)

Ethiopia · [Investor](https://millionrounds.com/investors)

# Renew Capital

Filed with the SEC to raise a fund in Dec 2023, closing $0M. Last cheque observed Aug 2025.

Email

VC firm Quiet Last fund $471K, Dec 2023

Seed Pre-seed Pre-Series A Technology

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 10 on record

Since the last cheque **436** days **00** hrs **00** min **00** sec

Median round **$5.0M** Rounds led **2 of 10** Sole investor **5 rounds** Mostly in **Morocco, 40%**

Pitch Renew Capital

## Renew Capital highlights

- 01 10 rounds on record
- 02 Mostly Seed and Pre-seed: 75% of its rounds
- 03 Sole investor in 5 rounds, median undisclosed

## What they do

> Renew Capital is an early-stage venture capital firm investing in Africa’s tech-enabled startups From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Sectors:** Technology
- **Based in:** Addis Ababa, Ethiopia
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **10 appearances**

- **2025** 5 rounds
- **Aug** **[Hypeo Ai](https://millionrounds.com/company/hypeo-ai)** MA · Disrupt Africa **Undisclosed** Sole investor
- **May** **[Tendo](https://millionrounds.com/company/tendo)** GH · Disrupt Africa **Undisclosed** Sole investor
- **Feb** **[Dabchy](https://millionrounds.com/company/dabchy)** Pre-Series A · TN · Disrupt Africa **Undisclosed** With 2 others
- **Feb** **[Affinity Africa](https://millionrounds.com/company/affinity-africa)** Seed · GH · Disrupt Africa **$8.0M** With 8 others
- **Jan** **[Sevi](https://millionrounds.com/company/sevi)** KE · Disrupt Africa **Undisclosed** Sole investor
- **2024** 5 rounds
- **Dec** **[Talaty](https://millionrounds.com/company/talaty)** MA · Disrupt Africa **Undisclosed** With 1 other
- **Dec** **[Konnect](https://millionrounds.com/company/konnect)** TN · Disrupt Africa **Undisclosed** *Led*
- **Dec** **[Enakl](https://millionrounds.com/company/enakl)** Pre-seed · MA · Disrupt Africa **$1.4M** With 4 others
- **Oct** **[Agenz](https://millionrounds.com/company/agenz)** MA · Disrupt Africa **Undisclosed** *Led*
- **Oct** **[Octavia Carbon](https://millionrounds.com/company/octavia-carbon)** Seed · KE · Disrupt Africa **$5.0M** With 7 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

LD **Laura Davis** Managing member i Filing they signed

MD **Matthew Davis** Managing member i Filing they signed

We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**2** of 5 we have independently watched raise

[Telegram](https://millionrounds.com/company/telegram)[hypeo.ai](https://millionrounds.com/company/hypeo-ai) Funding Application Investor Portal Training Portal

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Latest fund on file

**$471K**

raised in Dec 2023

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Pre-seed Pre-Series A

Median round joined **$5.0M** the round, not its cheque Alone, median **-**

Led 2 of 10 rounds **20%**

- **Sole investor:** 5 rounds
- **Last cheque:** Aug 2025

Rounds by stage said on their site

- Seed *2*
- Pre-seed *1*
- Pre-Series A *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Renew Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Launch Africa** VC firm **2** rounds together](https://millionrounds.com/fund/launch-africa-ventures)

## Recently backed

The latest companies Renew Capital put money into.

[**Dabchy** Feb 2025](https://millionrounds.com/company/dabchy)[**Affinity Africa** $8.0M · Feb 2025](https://millionrounds.com/company/affinity-africa)[**Talaty** Dec 2024](https://millionrounds.com/company/talaty)[**Enakl** $1.4M · Dec 2024](https://millionrounds.com/company/enakl)[**Agenz** Oct 2024](https://millionrounds.com/company/agenz)[**Octavia Carbon** $5.0M · Oct 2024](https://millionrounds.com/company/octavia-carbon)

## Quick answers about Renew Capital

### What does Renew Capital invest in?

Renew Capital invests most often at Seed and Pre-seed (75% of the rounds on record), in sectors such as Technology.

### How active is Renew Capital?

10 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Aug 2025.

### What has Renew Capital invested in recently?

Its most recent investments on record: Hypeo Ai (Aug 2025), Tendo (May 2025) and Dabchy (Pre-Series A, Feb 2025).

### How big are Renew Capital's cheques?

The median round it joins is $5.0M.

### Does Renew Capital lead rounds?

Yes: it led 2 of its 10 investments on record (20%).

### Where does Renew Capital invest?

Most of the companies it backs are in Morocco (40%), Ghana (20%) and Tunisia (20%).

### Is Renew Capital investing now?

No investments in the last 12 months; the latest was in Aug 2025.

### Who does Renew Capital invest alongside?

Most often Launch Africa (2 rounds together).

## Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=renew-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=renew-capital)
