Since launching in Addis Ababa in 2007, Renew Capital has grown into one of Africa’s most consistent early-stage investment firms. Founded on the belief that Africa’s entrepreneurs can generate both impact and returns when equipped with the right capital and mentorship, the firm blends hands-on support with a cross-border investment model. Now active in 13 countries, Renew has backed over 50 startups and mobilized a network of 200+ global investors. Its three-pillar strategy—direct engagement, ecosystem building, and capital connectivity—positions it as a key player in Africa’s evolving venture ecosystem.
Leadership Rooted in Operational Experience
Co-founders and co-CEOs Laura and Matthew Davis bring decades of experience to Renew Capital’s leadership. Laura Davis leads ecosystem development and investor relations, leveraging her background in marketing and communications to drive visibility for the firm and its portfolio. Matthew Davis, CFA, serves as Chief Investment Officer, guiding investment strategy with expertise in finance, consulting, and international development. Both have lived in Africa for over a decade and operate between Ethiopia and Rwanda, grounding the firm’s strategy in deep local context and regional insight. Recently promoted to Chief Operating Officer, Emily Mahoney ensures Renew Capital’s day-to-day execution matches its strategic ambitions. Drawing on a decade of program and operations leadership, she now orchestrates firm-wide processes and talent across Kigali, Addis Ababa and Washington DC.
A Three-Pillar Approach to Early-Stage Investing
Renew Capital’s investment model is centered around three pillars: supporting entrepreneurs locally, building ecosystems with partners, and linking African startups to global capital markets. With funding tools that include $50,000–$500,000 accelerator checks and $500,000–$4 million follow-ons, the firm backs fintech, clean energy, e-commerce, logistics, media, and transport tech ventures. Its average investment size of $202,000 reflects a focus on early traction, supported by strategic mentorship and hands-on operational support.
Pan-African Reach, Sectoral Breadth
Although headquartered in Ethiopia, Renew Capital’s reach spans 13 African markets. Its portfolio includes Beemi (Ethiopia), Dabchy (Tunisia), Sevi (Kenya), NjiaPay (Regional), and Level Africa (Regional), illustrating its diverse geographic and sectoral footprint. From fintech and logistics to clean energy and creator tech, Renew’s investments target high-growth sectors poised to transform local economies through innovation and digital infrastructure.
Investing in the Future of Digital Africa
Recent investments highlight Renew Capital’s evolving thesis at the intersection of commerce and technology. The firm backed Tendo, a social commerce app that enables users to resell products via WhatsApp and Facebook without inventory, and Beemi, a creator-tech platform bringing interactive games to livestreams on TikTok, YouTube, and Twitch. These moves signal Renew’s growing focus on tech-enabled platforms that empower Africa’s digital-first generation.
Long-Term Capital for Purpose-Driven Ventures
Renew Capital’s model combines patient capital with strategic support, reflecting a long-term commitment to unlocking Africa’s entrepreneurial potential. With two funds, an expanding portfolio, and leadership grounded in operational and regional expertise, the firm offers more than financing—it delivers partnership. As the early-stage landscape evolves, Renew stands out as a Pan-African catalyst, helping to scale startups that drive both impact and growth.
As African startups take center stage in the global innovation economy, Renew Capital is helping define what sustainable, locally grounded venture investing can look like. By combining deep regional presence with a global investor network and a founder-first mindset, the firm is building the infrastructure for long-term entrepreneurial success. In an increasingly digital, interconnected Africa, Renew Capital’s vision continues to resonate—supporting bold founders, scalable ideas, and inclusive growth across the continent.