
Renewal Funds
500-163 West Hastings Street, Vancouver, BC, V6B 1H5, Canada
Overview
Renewal Funds is a mission venture capital firm investing in early growth stage companies.
- Total investments
- 14
- Lead investments
- 7
- Investments · 12mo
- 1
- Active investors
- 6
Sector focus
- CleanTech
- Financial Services
- GreenTech
- Organic Food
- Venture Capital
Investment portfolio
- SuperCircle
Participated · Series A · Dec 2025
SuperCircle operates a digital operating system that ingests more than 50 garment-level data points to create a ‘digital twin’ for each item, allowing its proprietary AI sort engine to route apparel, footwear, home and health textiles to the most profitable and sustainable next-life option across 50+ reuse and recycling channels. The platform supports post-consumer trade-ins as well as post-industrial disposition, serving over 75 retail partners including J.Crew, GUESS, Reformation, FIGS and Parachute Home. To date, the company has diverted more than 6 million textiles from landfill and pledges to surpass 1 billion items by 2030. Retailers use SuperCircle to comply with emerging Extended Producer Responsibility regulations while reducing write-downs on excess, damaged or returned inventory. The system converts what was once a cost center into a revenue generator by unlocking incremental value from unsold or returned goods. Series A funding is earmarked for expanding reverse-logistics infrastructure, deepening supply-chain integrations and advancing the data architecture that underpins compliance reporting. Headquartered in New York, SuperCircle positions itself as the critical operating layer powering circular supply chains across North America.
- SHARE Mobility
Led · Series A · Jun 2022
Share Mobility builds a platform that helps companies create and schedule shuttle-based commuter routes using employer data, working with local fleet operators and salaried drivers and offering real-time vehicle tracking, dispatch teams, and a rider hotline. The product is aimed at enabling employers to expand their hiring pool and retain workers by providing transportation as an employee benefit. Founded in 2016, Share initially focused on autonomous vehicles before pivoting to mobility-as-a-service and finding product-market fit during the pandemic. The company has expanded to 11 states, serves enterprise customers across more than 2,000 locations, and customers plan to add Share-powered routes in over 100 locations this year. Financially, Share lost 96% of its revenue in 2020 but has since raised venture funding and grown again; it has raised $19 million in venture capital to date, including the new Series A. With the new capital, Share plans to add product features, expand into requested regions, increase headcount from 35 to 75 by year-end, and pursue expanded work with municipalities on fleet-based on-demand mobility programs.
- Fresh Prep Foods
Participated · Series B · Sep 2021
Founded in 2015 and certified as a B Corp, Fresh Prep operates a meal-kit delivery service that ships pre-chopped, locally sourced ingredients in reusable cooler bags. The company currently serves over 20 British Columbia municipalities and tens of thousands of customers, and employs more than 350 people. Fresh Prep says it has seen revenue growth of 540% over the past three years and that profits are being reinvested to drive growth and innovation. The startup claims it is the only Canadian meal-kit company that uses its own delivery drivers and offsets delivery emissions with carbon credits. With the new capital, Fresh Prep plans to expand into Alberta (targeting Calgary, Edmonton, Red Deer), invest in automation and new products, and improve its Zero Waste Kit. It also intends to add customizable and ready-to-eat options, more family-focused meals, and hire across marketing, culinary, engineering, operations and production roles. Fresh Prep is a vertically integrated, subscription-based meal-kit delivery service that delivers pre-chopped, locally sourced ingredients in reusable cooler bags. The company operates its own supply chain and delivery drivers and serves the BC Lower Mainland, the Okanagan and Vancouver Island. Founded in 2015, Fresh Prep has over 300 employees and serves tens of thousands of customers across municipal BC. The startup reports revenue growth of 11,000% since launch and says the COVID-19 pandemic has increased demand for its service. Fresh Prep emphasizes technology and automation in logistics and real-time tracking as core differentiators. The company plans to use new capital to hire more employees and increase automation of its technology. Fresh Prep is a Vancouver-based meal kit delivery service whose platform handles subscriptions and logistics, including order fulfillment, assembly and customer relations. The company closed its first round of financing, raising $3.3 million through a mix of equity and debt. The funding will be used for market expansion, R&D, product upgrades, and improvements to the facility and office space, and to hire additional talent. Fresh Prep says it operates a stable, recurring revenue model and attributes sustainable, profitable growth to its customer and product focus. Given that profile, the company indicated debt financing was the clear choice. First West Capital and private investors led the round and will provide junior capital to support growth.
- Evive
Led · Series A · Jun 2020
Evive makes organic, plant-based, blender-free smoothies sold online and in more than 2,000 retail stores. The company emphasizes clean ingredients, affordability, and sustainability and has built a brand that resonates with millennials. Founded in 2015 by Dominic and Claudia, Evive has grown to 21 employees, 86% of whom are women. Its products are carried in retailers including Whole Foods, Sobey’s, Loblaws, Longos, and Healthy Planet, and are also sold direct-to-consumer via its website. In June 2020 Evive closed a $3.85M Series A to support growth and expand accessibility of plant-based foods. The company plans to use the partnership with its new investor to accelerate scale across North America.
- Olea
Led · Series B · Feb 2020
Olea Edge Analytics is an intelligent edge computing platform for the water utility industry that combines AI, machine learning and IoT sensors. Its suite of sensors and advanced analytics monitors and manages network components to pinpoint trouble spots and recommend actions to restore optimal performance. The product helps utilities optimize water delivery, billing and conservation and has uncovered millions of dollars in recoverable revenue, including from large commercial and industrial meters. Olea's patented solution runs analytics at the edge to bring transparency, accuracy and reliability to the management of critical water assets. The company plans to use new funding to accelerate hiring across departments and further develop its AI and edge computing solutions to help utilities manage water. Olea is based in Austin, Texas and has raised $50.6 million to date. Olea Edge Analytics is an Austin, TX-based provider of an AI-enabled IoT and edge computing platform that optimizes water delivery, billing and conservation. Led by CEO Dave Mackie, the company's platform uses AI and machine learning for water management and revenue recovery for large U.S. utilities. Olea completed a $9M Series B to support product expansion. The company intends to use the funds to expand its AI-enabled IoT water distribution management solution into municipal water utilities across the U.S. It is currently implementing phased rollouts of its solution in several other major cities. Mike Cormack of Renewal Funds and Jaideep Khanna of Ananta Family Office will join Olea's board of directors as part of the financing.