Renewal Funds raises $63 mln in final close of social venture fund Renewal3
Canadian venture capital firm Renewal Funds has raised a total of $63 million in the final close of its third fund, Renewal3. The fund, which is focused on investing in early-stage growth companies in organic and natural foods, green products, and environmental and social innovation sectors, received capital commitments from individual investors, families, foundations and institutional investors based in Canada, the U.S. and Europe. Limited partners include 22 foundations. With Fund III's final close, total assets under management now stand at nearly $100 million. Founded in 1994, Renewal Funds has its headquarters in Vancouver.
10 March 2014•2 mins read
