Renew Capital launched Renew Venture Lab Fund 2 (RVL2), aiming to invest in and empower up to 50 innovative tech startups across Africa. Amidst a surge of new funds in Africa’s thriving tech sector, Renew Capital has emerged as a distinctive player. “We are grateful to have members of the Renew Capital Angels visiting Kenya this week on an EconTourism trip. Following the closing and deployment of capital from Renew Venture Lab Fund 1, Renew Capital is now launching Renew Venture Lab Fund 2 (RVL2). The most successful companies in RVL2 will be eligible for larger investments from Renew Capital Fund 1, the firm’s growth-stage investment fund.

Source: News Business Ethiopia February 14, 2024 19:49 UTC