Renewal Funds
VC · (Canada)
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About
Renewal Funds is a Vancouver-based sustainability-focused impact venture capital firm dedicated to supporting exceptional founders building technology and platform businesses that drive meaningful climate and ecosystem impacts at scale. Founded in 2008 by Paul Richardson and Joel Solomon, with support from Carol Newell, the firm has raised three funds: Renewal2 ($35 million in 2010), Renewal3 ($63 million in 2014), and Renewal4 ($145 million in 2019), totaling $240 million in assets under management. Renewal Funds invests across five primary sustainability themes: energy transition, mobility, food systems, zero waste, and natural resources. The firm seeks minority preferred equity investments in high-growth, capital-efficient businesses, partnering with mission-driven founders who have demonstrated excellent product-market fit and customer traction. Renewal Funds has been recognized for its achievements in the industry, including ImpactAssets50 recognition in 2013, 2015, and 2022, B Corp Best for the World for eight consecutive years, and GIIRS Best for the World Funds.
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