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Renew Venture Capital is an impact-first investment organization based in the United States, founded in February 2022. The firm launched a $50 million fund aimed at generating excess returns for investors while addressing systemic inefficiencies in the market. Renew VC focuses on backing companies that not only demonstrate strong investment performance but also contribute positively to society.
The organization operates with a dual focus: identifying significant societal challenges as investment opportunities and recognizing overlooked market potentials, particularly among women and historically excluded founders. Renew VC's multi-city distributed team spans across Atlanta, Cincinnati, Los Angeles, Louisville, Phoenix, Toronto, and Washington DC, allowing them to tap into diverse markets and opportunities.
Since its inception, Renew Venture Capital has emphasized the importance of inclusivity in entrepreneurship, aiming to support founders who are often overlooked by traditional venture capital. The firm has established a structured approach to backing impactful ventures, which is evident in their investment strategy and portfolio.
Renew Venture Capital invests in sectors including Clean Energy, Mobility, AgTech, Artificial Intelligence, Healthcare, and the Future of Work. Their investment strategy is guided by two main theses: first, that founders addressing significant societal challenges represent substantial investment opportunities; and second, that success in venture capital often comes from recognizing market opportunities that others overlook, particularly among women and historically excluded founders.
The firm targets early-stage investments, specifically in Seed, Series A, and Growth Equity stages, with check sizes ranging from $250,000 to $3 million. Renew VC requires companies to be profitable and scaling at the time of investment, avoiding pre-revenue bets. Their approach includes a venture studio model, venture capital funds, and financing vehicles aimed at supporting non-accredited growth rounds, ensuring that they can provide comprehensive support to their portfolio companies.
Renew Venture Capital's portfolio includes a diverse group of founders who align with the firm's mission of impactful investment. Notable portfolio companies and their founders include:
This diverse range of founders highlights Renew VC's commitment to inclusivity and its focus on supporting impactful ventures that address societal challenges.
Mark Hubbard — Managing Partner: Mark leads the firm and has extensive experience in venture capital, focusing on impact investments. He has a background in finance and has been involved in numerous successful funding rounds.
Paul Armstrong — General Partner: Paul brings a wealth of knowledge in early-stage investing and has a strong track record of supporting startups in various sectors.
Neha Bahl — General Partner: Neha specializes in technology investments and has a keen interest in supporting diverse founders.
Natalia Bishop — General Partner: Natalia has a background in healthcare investments and focuses on companies that address significant societal challenges.
Anita Ly — General Partner: Anita has experience in fintech and is dedicated to supporting innovative financial solutions.
Kt McBratney — General Partner: Kt focuses on mobility and clean energy sectors, leveraging her expertise to identify promising ventures.
Adie Akuffo-Afful — Venture Partner: Adie has a strong background in operational support and works closely with portfolio companies to enhance their growth strategies.
Austin — Venture Partner: Austin specializes in early-stage investments and provides mentorship to founders.
Anna Cable — Venture Partner: Anna focuses on agtech and sustainability, supporting ventures that align with her expertise.
Twanna Harris — Venture Partner: Twanna has a background in social impact investing and is committed to supporting diverse entrepreneurs.
Kelly Kiefer — Venture Partner: Kelly specializes in healthcare and works to identify impactful ventures in the sector.
Cynthia A. Phillips, PhD — Venture Partner: Cynthia brings a research background to the firm, focusing on data-driven investment strategies.
Dustin Shay — Venture Partner: Dustin has experience in technology investments and supports startups in scaling their operations.
Milton Walker — Venture Partner: Milton focuses on community-driven ventures and works to enhance their market presence.
To pitch Renew Venture Capital, founders should visit their website at renewvc.com to submit their applications. The firm prefers detailed pitch decks that clearly outline the business model, market opportunity, and the social impact of the venture.
Renew VC values warm introductions but also accepts direct applications through their website. Founders can expect a response within a few weeks, depending on the volume of submissions. It is advisable to include information about the founding team, financial projections, and any traction the business has achieved to enhance the pitch.
Renew Venture Capital runs a venture studio that supports portfolio companies through various stages of growth. This program is designed to provide resources and strategic guidance to founders, particularly those from historically excluded backgrounds.
Eligibility for participation in the venture studio includes being a portfolio company of Renew VC, with a focus on startups that are addressing significant societal challenges. Founders can apply through the firm's website to access the resources and support offered by the venture studio.
In February 2022, Renew Venture Capital launched its $50 million impact fund, targeting early-stage, profitable, scaling companies. This fund aims to address systemic market inefficiencies while generating excess returns for investors.
Renew VC has been actively promoting its investment philosophy and portfolio through its website, emphasizing its commitment to supporting impactful ventures. The firm has also been featured in various publications, including Teknovation.biz and Emerging Manager Monthly, highlighting its focus on inclusivity and support for diverse founders.
What are Renew Venture Capital's investment criteria?
Renew Venture Capital invests in early-stage companies across sectors such as Clean Energy, Mobility, AgTech, AI, Healthcare, and the Future of Work. They focus on founders who address significant societal challenges and often overlooked market opportunities, particularly among women and historically excluded founders. Companies must be profitable and scaling at the time of investment.
How can I pitch to Renew Venture Capital?
Founders interested in pitching to Renew Venture Capital can submit their applications through the firm's website at renewvc.com. The firm encourages detailed presentations that outline the business model, market opportunity, and social impact.
What makes Renew Venture Capital different from other investors?
Renew Venture Capital distinguishes itself by focusing on impact-first investments that not only aim for financial returns but also address systemic market inefficiencies. Their commitment to supporting women and historically excluded founders sets them apart in the venture capital landscape.
What is the geographic scope of Renew Venture Capital's investments?
While Renew Venture Capital is based in the United States, their partners are distributed across multiple cities, including Atlanta, Cincinnati, Los Angeles, Louisville, Phoenix, Toronto, and Washington DC. This allows them to invest in a wide range of opportunities without geographic limitations.
What is the typical check size for investments?
Renew Venture Capital typically invests between $250,000 and $3 million in their portfolio companies, depending on the stage and needs of the business.
What kind of support does Renew Venture Capital provide to its portfolio companies?
Renew Venture Capital adds value through a venture studio, venture capital funds, and financing vehicles aimed at supporting non-accredited growth rounds. Their multi-city distributed team provides strategic guidance and resources to help founders scale their businesses effectively.
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