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Renewal Funds: Renewal5

  • communications64903
  • Jul 15, 2024
  • 1 min read

Driving –– and demonstrating –– meaningful climate impacts   

  

Renewal Funds

Renewal Funds supports exceptional founders building technology and platform businesses to advance climate and ecosystem impacts at scale. Renewal Funds’ investments help improve the affordability of climate solutions across the energy, food and transportation systems; support the conservation and stewardship of natural resources; and improve the circularity of our economy. Renewal5 –– the fourth sustainability-focused impact venture capital fund launched by the Renewal team –– continues Renewal’s track record of mission-driven investing in early growth stage companies and advances a concerted focus on climate tech.  

  

Alongside investing in solutions to the most pressing climate and ecosystem crises, Renewal Funds is a longstanding advocate and market builder in the impact investing sector and continues to make vital contributions to the field of impact measurement. Renewal Funds provides catalytic capital, investing in essential innovations, sub-sectors and business models that have either been deemed too challenging for venture capital investment or overlooked entirely at the early stage. Boann’s investment in Renewal5 is an extension of our commitment to building up both climate solutions and a social finance marketplace that can demonstrate impact and welcomes new leaders.  



 
 
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Boann is one of three wholesalers appointed through a competitive, merit-based process by the Government of Canada to invest a portion of the $755M Social Finance Fund (SFF), an initiative that seeks to accelerate the growth of Canada’s social finance market. The SFF supports charities, non-profits, social enterprises, co-operatives and other social purpose organizations (SPOs) in accessing flexible financing opportunities. Greater access to social finance through the SFF will help them grow, innovate, and enhance their social and environmental impacts.

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Boann respectfully acknowledges that our offices and staff are located on the ancestral and traditional territories of the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee, the Wendat, šxʷməθkʷəy̓əmaɁɬ təməxʷ (Musqueam), Skwxwú7mesh (Squamish), səl̓ilwətaɁɬ təməxʷ (Tsleil-Waututh), ̓ Á,LEṈENEȻ ȽTE (W̱SÁNEĆ), lək̓ʷəŋən (Lekwungen), and Wyandot Nations, whose historical relationships with the land continue to this day. We are committed to listening, educating ourselves on decolonization, and to uplift and celebrate the Indigenous peoples of these lands.

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