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The Renewal Funds team is pleased to announce the final close of the Renewal3 Fund at $63 million CAD on February 28th to reach $98 million total Assets under Management.
Renewal3 is a social venture fund investing in early growth stage businesses in the organic & natural food, green products and environmental & social innovation sectors in Canada and the US, designed to deliver above market returns at a lower risk profile than traditional venture capital funds. Building on the success of Renewal2, the team is currently in due diligence on the first investments for Renewal3.
We are excited about the wonderful community of investors who have joined us to advance this important innovation in social finance. A stellar group of individual, family, foundation and institutional investors from Canada, the USA and Europe have invested, who represent the growing demand for “Investing for Change”. We are proud to have 22 foundations invested with Renewal Funds and are especially thankful to our Renewal2 investors who have committed over $33 million to Renewal3.