Specialist · Vancouver, BC
Renewal Funds
Fully deployed climate impact fund, no longer making new investments.
- Cheque
- Not disclosed
- Role
- Can lead a round
- Pace
- Selective right now
- Kind
- Specialist
- Based in
- Vancouver, BC
- Vehicle size
- $145M
- Founded
- 2008
- Works in
- EN
- Last deal seen
- December 2025
- Stages
- Series A, Series B and later
Their thesis, in full
Vancouver-based sustainability-focused impact venture firm founded in 2008 by Paul Richardson and Joel Solomon. Three funds raised from 2008 to 2019: Renewal2 ($35M, 2010), Renewal3 ($63M, 2014) and Renewal4 ($145M, 2019), investing across energy transition, mobility, food systems, zero waste and natural resources. Renewal4 is fully deployed and Renewal Funds no longer makes new investments; new investments are made out of Renewal Climate Ventures, a separate climate technology fund led by the next generation of the Renewal team.
What they bring past the cheque
- Climate impact rigor
- Growth-stage discipline
- Cross-border food network
- Impact measurement depth
- Mission-aligned LP base
Questions they usually ask
Have an answer ready for each one before the first call.
- What measurable climate or ecosystem impact does your business produce per dollar of revenue?
- What does your unit economics look like at 10x scale, and what risk does that surface?
- Which strategic acquirer in food, mobility or energy transition is most natural in 5 years?
Follow-on
Renewal Funds no longer makes new investments and Renewal4 is fully deployed; the team continues to support the Renewal4 portfolio, with additional portfolio support from the Renewal Climate Ventures team. Support remains focused on measurable impact and clean unit economics at scale.
Portfolio
Names they back, most notable first.
- Swiftly
- Hodo Foods
- Opus One Solutions
- Caboo
- Electrum
- Evive
- Fresh Prep
- Holos
- Lacuna
- Olea
- Prana
- Rebellyous
- SHARE Mobility
- Station A
- Tru Earth
- Uncle Matt's Organic
- Back to the Roots
- Better Bean
- Cascadia Windows & Doors
- Farmhouse Culture
- FoodLogiQ
- Goddess Garden
- Lotek
- Mama Earth Organics
Often in the same rounds
Investors seen alongside them in past rounds.
- Evok Innovations
- Foundry
- BBG Ventures
- Elemental Impact
- TDK Ventures
- Toyota Ventures
- Active Impact Investments
Similar investors
Overlapping sectors and stages. Useful to build a list of 10 to 20 names for one round.
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