- Renew Capital, a pan-African impact investment firm has made its first investment in Ghana with Affinity, a fintech company, to help Affinity expand across Africa.
- This is also Renew Capital”s first investment in Africa, coming just a month after the launch of its latest tech fund — Renew Venture Lab Fund 2 — in February 2024. It plans to invest in asset-light, tech-enabled businesses throughout Africa.
- Launch Africa Ventures announced on March 23, 2024, that it had invested in Affinity and added the Affinity to its portfolio companies before the investment from Renew Capital.
Renew Capital claims to support innovative companies with high growth potential and manages investments for Renew Capital Angels. Before launching the new tech fund in February 2023, the firm launched the Renew Venture Lab Fund series for early-stage tech companies, which took a “founder first” approach.
As Renew Venture Lab Fund 1 closed, Renew Capital launched Renew Venture Lab Fund 2 (RVL2), which will invest in approximately 50 tech startups across Africa.
According to Renew Capital, “the most successful companies in RVL2 will be eligible for larger investments from…
Ifeoma Joy Okorie
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https://techpoint.africa/2024/04/10/renew-capital-invests-in-ghana/
