Roam's $24M Raise, Renew Capital's Investment Milestone & More!
This Women's Month, we spotlight a small but uplifting trend. In 2023, despite a broad funding downturn, female-led ventures in Africa surged ahead, securing over $200M—a commendable 7% year-on-year growth. We are also excited to highlight our newest portfolio companies ranging from Roam’s green mobility innovation to Level Africa's revolutionary investment platform and new investment milestones. We also have an inspiring journey to Renew Capital story and new job opportunities from us and our portfolio companies.
Bonus: Looking to build gender-smart, scalable SMEs in sub-Saharan Africa? Check out the SG2X Playbook.?
Renew Capital Unveils New Fund for African Entrepreneurs
The Back Story: In 2023, we launched the Renew Venture Lab Fund 1, focusing on supporting early-stage, asset-light and tech-enabled companies.
Founders First: “At Renew Capital, we aim to back exceptional founders with integrity, intelligence, grit and vision to shape Africa’s economic future,” explains Matt Davis, co-CEO of Renew Capital.
What's New??We are launching Renew Venture Lab Fund 2. Be among the early applicants.?
Roam Electrifies Transportation in Africa with $24M Boost!
The Big Picture: Roam announced a $24M Series A funding, led by forward-thinking investors including Renew Capital, to electrify transportation across the continent.
Why It Matters: This investment fuels Roam's mission to enhance local manufacturing and scale up the production of electric vehicles (EVs), propelling Kenya and the wider African region into a new era of sustainable transport.
Level Africa: Revolutionizing African Investment with a Click
Level Africa is a digital investment platform that simplifies access to Africa's capital markets.
Why is This Important? Your gateway to Africa's capital markets is now simpler than ever.With a focus on simplicity, accessibility and diversity, Level Africa encourages investors of all levels to navigate Africa's capital markets confidently. Renew Capital Angels is proud to support Level Africa in expanding investment opportunities in Africa.
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Samrawit's Journey from Tourism to Supporting Entrepreneurs in Ethiopia
Meet Samrawit Geremew, senior project manager at Renew Capital. Dive into her story as she shares her transition from tourism and travel to her role in nurturing Ethiopia's entrepreneurial ecosystem.
Journeys in African Ventures Podcast
Episode Alert: The Journeys in African Ventures 'Show Me The Money' episode is out!
This episode features a captivating conversation between Matt Davis (Co-CEO of Renew Capital) and Rishabh Lawania (CEO of Badili) as they dive deep into the world of investments.?
Jobs With Renew Capital & Portfolio Companies
Are you looking for your next career challenge? Check out the following roles by Renew Capital and our portfolio companies.
Renew Capital manages the Renew Capital Angels,?a global community of for-purpose investors who seek financial returns and sustainable social impact by making investments into growth-oriented small and medium enterprises in Africa.?Together, with our partners, we aim to build and strengthen the private sector in the countries where we work. We invite you to join us.