Overview
- Name: Renewal Funds
- Headquarters: Vancouver, British Columbia, Canada
- Website: www.renewalfunds.com
- Investment focus: Climate, energy and electrification, food and agriculture, resource conservation, zero waste
- Investment geographies: North America
- Eligible LPs: Accredited investors, donor-advised funds, family offices, foundations, high net worth individuals, institutional investors
- GP profile: View Renewal Funds’ full profile on ImpactSpace
Renewal Funds is raising $100 million for Renewal5, its fifth fund targeting early growth-stage climate and circular economy companies in North America. The strategy focuses on capital-efficient businesses providing infrastructure, software, and marketplace solutions in sectors like mobility, energy transition, waste reduction and sustainable food systems.
The fund is designed to fill a financing gap for climate and circular solutions that are too early for infrastructure investors but beyond the reach of seed-stage capital. Renewal5 backs companies with scalable models that serve public goods and natural resource systems – areas often overlooked by mainstream venture capital.
Renewal’s first investment from the fund is Supercircle, a New York-based platform that helps major apparel brands route post-consumer and manufacturing textile waste to specialized recyclers. The company sorts material to meet strict feedstock requirements and supports brand supply chains in reducing landfill-bound waste.
“We’ve been very consistent in investing in companies and being able to exit a lot of these climate tech investments in five to seven years and return capital to LPs,” Renewal’s Geordan Hankinson told ImpactAlpha.
The firm has raised 25% of the fund and expects to reach a final close by the end of the year. Renewal Funds manages $240 million across four previous funds.
This profile was written with AI assistance. All content is verified and edited by an ImpactAlpha editorial team member prior to publication.
This publication does not constitute investment advice and should not be relied on to make investment
