TLDR:
– Renew Capital has launched a new pan-African tech fund to support innovative founders in Africa.
– The fund, Renew Venture Lab Fund 2 (RVL2), will invest in up to 50 tech startups across the continent.
Article Summary:
African venture capital firm Renew Capital has recently announced the launch of a new pan-African tech fund aimed at backing innovative founders building world-class companies on the continent. The Renew Venture Lab Fund 1 was created to support startups at the forefront of innovation, focusing on asset-light companies for a resilient and adaptable portfolio. Following the successful deployment of capital from the first fund, Renew Capital has now introduced Renew Venture Lab Fund 2 (RVL2), designed to invest in up to 50 tech startups across Africa, while also providing training and support to founders and their teams.
Founded in 2012 by Matt and Laura Davis, Renew Capital is a pan-African investment firm that manages investments for a global network of HNIs, foundations, and family offices seeking financial returns and sustainable social impact.
