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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Notable deals
Company | Industry | Round Size | Date | Investors | Location |
SHARE Mobility | $12M | 21 Jun 2022 | Columbus, Ohio, United States | ||
HOLOS | 25 Feb 2022 | Quebec City, Quebec, Canada | |||
Electrum | $11M | 31 Oct 2021 | Los Angeles, California, United States | ||
Fresh Prep Foods | $16M | 02 Sep 2021 | Vancouver, British Columbia, Canada | ||
Station A | $4M | 22 Jul 2020 | San Francisco, California, United States | ||
Swiftly | $22M | 09 Jul 2020 | San Francisco, California, United States | ||
Evive | $3M | 26 Jun 2020 | Montréal, Quebec, Canada | ||
Fresh Prep Foods | $5M | 11 May 2020 | Canada, Vancouver | ||
Olea Edge Analytics | $9M | 25 Feb 2020 | Austin, Texas, United States |
– 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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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
SHARE Mobility | $12M | 21 Jun 2022 | Columbus, Ohio, United States | ||
HOLOS | 25 Feb 2022 | Quebec City, Quebec, Canada | |||
Electrum | $11M | 31 Oct 2021 | Los Angeles, California, United States | ||
Fresh Prep Foods | $16M | 02 Sep 2021 | Vancouver, British Columbia, Canada | ||
Station A | $4M | 22 Jul 2020 | San Francisco, California, United States | ||
Swiftly | $22M | 09 Jul 2020 | San Francisco, California, United States | ||
Evive | $3M | 26 Jun 2020 | Montréal, Quebec, Canada | ||
Fresh Prep Foods | $5M | 11 May 2020 | Canada, Vancouver | ||
Olea Edge Analytics | $9M | 25 Feb 2020 | Austin, Texas, United States |