Renew Capital, a pan-African early-stage investment firm with a large presence in Ethiopia, has announced the launch of the Renew Venture Lab, an innovative initiative designed to drive the growth of African businesses.
The venture which seeks to elevate African startups to the next level, will select 20 startups to receive investment by the end of 2023. Depending on the company’s growth potential, as assessed by Renew Capital, the investments will range from $50,000 to $300,000.
Registration for the Renew Venture Lab is currently open, with the Venture looking for growth-oriented founders of tech-enabled, asset-light companies in Ethiopia, Rwanda, Uganda, Kenya, Tanzania, Zambia, Sudan and Mozambique. Companies that have traction and that are raising their first rounds of capital are also encouraged to apply.
“Renew Capital has been supporting African startup communities and providing early-stage investment for over 10 years. We see more and more people discovering the immense…
