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    HomePartner ContentRenew Capital Opens Applications for Renew Venture Lab 2: $300K Funding Available...

    Renew Capital Opens Applications for Renew Venture Lab 2: $300K Funding Available for African Founders

    Partner Content

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    By Udoh Charles
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    Renew Capital has announced the opening of applications for its Renew Venture Lab 2, offering a golden opportunity for ambitious entrepreneurs across Africa to take their businesses to new heights.

    The Renew Venture Lab is not just any incubator; it’s a platform designed to provide a springboard for growth-oriented founders, offering a suite of benefits that can truly propel startups forward. Among these benefits are pre-seed investments ranging from $50K to a substantial $300K, tailored training sessions to refine pitches and gain strategic insights, and access to a vast network that can open doors to additional funding rounds and opportunities, courtesy of Renew Capital.

    “We’re excited to welcome applications for Renew Venture Lab 2. This is an incredible opportunity for tech-enabled, asset-light companies to secure the resources and support they need to thrive,” says Matt Davis, co-CEO of Renew Capital.

    Renew Capital, known for its pioneering spirit in African investment, is expanding its footprint with the launch of the Renew Venture Lab Fund 2 (RVL2). With a commitment to investing in up to 50 promising startups, RVL2 aims to bolster the tech ecosystem across the continent.

    “Our journey began in 2012, and since then, we’ve been dedicated to fostering innovation and growth in African businesses,” Davis continues.

    The Renew Capital Angels Network, comprising over 200 families primarily from the US and Canada, has been instrumental in identifying and nurturing emerging talent. This network forms the backbone of Renew Capital’s investment strategy, ensuring that promising startups receive the support they need to flourish.

    Following the success of the Renew Venture Lab Fund series launched in 2023, which focused on early-stage tech companies, Renew Capital is raising the bar with RVL2. This new initiative seeks to act as a catalyst for the growth of the tech sector in Africa, providing not just capital, but also essential training and support to founders and their teams.

    RVL2 will cast its net wide, targeting diverse tech startups across the continent. The fund’s comprehensive approach aims to nurture the most promising companies, laying a solid foundation for their success.

    What’s more, success doesn’t end with the initial investment. Standout companies backed by RVL2 will be eligible for larger investments from Renew Capital Fund 1, ensuring ongoing support as they progress through various stages of development.

    Renew Capital’s latest venture underscores its commitment to empowering African entrepreneurs and driving sustainable growth in the technology sector. As RVL2 embarks on its journey, expectations are high that it will play a pivotal role in shaping the future of African tech startups and solidifying Renew Capital’s reputation as a leading force in the region’s investment landscape.

    Apply here (https://share.hsforms.com/1ue_IjHaxTaiGFSovQsjctgee4rj)

    Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.

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