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Renewal Funds

Founders Carol Newell Joel Solomon Paul Richardson

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 43
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 34
Rounds per year 2.87
Lead investments 10
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.21
Exits 9
Key employees 7
Stages of investment
Early Stage Venture
Private Equity

Areas of investment

  • Food and Beverage
  • Software
  • Manufacturing
  • Information Technology
  • Organic Food
Summary

Renewal Funds is the famous VC, which was founded in 2008. The company was established in North America in Canada. The main department of described VC is located in the Vancouver.

Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. We can highlight the next thriving fund investment areas, such as Information Technology, E-Commerce. The fund has exact preference in a number of founders of portfolio startups. When startup sums 4 or 5+ of the founder, the probability for it to get the investment is little. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Terramera, Goddess Garden, SPUD (Sustainable Produce Urban Delivery).

The typical case for the fund is to invest in rounds with 2-3 participants. Despite the Renewal Funds, startups are often financed by zipdragon ventures, Via ID, Samsung NEXT. The meaningful sponsors for the fund in investment in the same round are S2G Ventures, Export Development Canada, Bold Capital Partners. In the next rounds fund is usually obtained by Schooner Capital, S2G Ventures, MacKinnon, Bennett & Company.

Deals in the range of 5 - 10 millions dollars are the general things for fund. The fund is constantly included in 2-6 investment rounds annually. The real fund results show that this VC is 1 percentage points less often commits exit comparing to other companies. Comparing to the other companies, this Renewal Funds performs on 6 percentage points less the average number of lead investments. The important activity for fund was in 2016.

This organization was formed by Carol Newell, Joel Solomon, Paul Richardson. The overall number of key employees were 7.

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Typical Co-investors
Renewal Funds is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Renewal Funds:

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

SHARE Mobility

Autonomous Vehicles
Communities
Fleet Management
Ride Sharing
SaaS
Smart Cities
Transportation
$12M21 Jun 2022 Columbus, Ohio, United States

HOLOS

Food Delivery
Food Processing
Organic Food
25 Feb 2022 Quebec City, Quebec, Canada

Electrum

E-Commerce
Electric Vehicle
Marketplace
Renewable Energy
Solar
$11M31 Oct 2021 Los Angeles, California, United States

Fresh Prep Foods

Agriculture
E-Commerce
Food and Beverage
Food Delivery
Hospitality
Retail
$16M02 Sep 2021 Vancouver, British Columbia, Canada

Station A

CleanTech
Energy
Machine Learning
Software
$4M22 Jul 2020 San Francisco, California, United States

Swiftly

Analytics
Big Data
Internet
Public Transportation
Real Time
Smart Cities
Software
Transportation
$22M09 Jul 2020 San Francisco, California, United States

Evive

Food and Beverage
Food Processing
Manufacturing
Nutrition
$3M26 Jun 2020 Montréal, Quebec, Canada

Fresh Prep Foods

Agriculture
E-Commerce
Food and Beverage
Food Delivery
Hospitality
Retail
$5M11 May 2020 Canada, Vancouver

Olea Edge Analytics

Analytics
Information Technology
Wireless
$9M25 Feb 2020 Austin, Texas, United States
News
Fresh Prep Raises $21M in Series B Funding

– Fresh Prep is a Vancouver, Canada-based meal kit company.
– The company raised $21M in Series B funding.
– The round was led by Yellow Point Equity Partners with participation from Renewal Funds.
– The new investment will be used to accelerate growth through talent acquisition, automation, new products, and geographic expansion.

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Total investments 43
Average round size 4M
Rounds per year 2.87
Peak activity year 2020
Lead investments 10
Follow on index 0.21
Exits 9
Group Appearance index 0.47

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

SHARE Mobility

Autonomous Vehicles
Communities
Fleet Management
Ride Sharing
SaaS
Smart Cities
Transportation
$12M21 Jun 2022 Columbus, Ohio, United States

HOLOS

Food Delivery
Food Processing
Organic Food
25 Feb 2022 Quebec City, Quebec, Canada

Electrum

E-Commerce
Electric Vehicle
Marketplace
Renewable Energy
Solar
$11M31 Oct 2021 Los Angeles, California, United States

Fresh Prep Foods

Agriculture
E-Commerce
Food and Beverage
Food Delivery
Hospitality
Retail
$16M02 Sep 2021 Vancouver, British Columbia, Canada

Station A

CleanTech
Energy
Machine Learning
Software
$4M22 Jul 2020 San Francisco, California, United States

Swiftly

Analytics
Big Data
Internet
Public Transportation
Real Time
Smart Cities
Software
Transportation
$22M09 Jul 2020 San Francisco, California, United States

Evive

Food and Beverage
Food Processing
Manufacturing
Nutrition
$3M26 Jun 2020 Montréal, Quebec, Canada

Fresh Prep Foods

Agriculture
E-Commerce
Food and Beverage
Food Delivery
Hospitality
Retail
$5M11 May 2020 Canada, Vancouver

Olea Edge Analytics

Analytics
Information Technology
Wireless
$9M25 Feb 2020 Austin, Texas, United States
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