<h1 style="text-align:center;">Portfolio Accomplishments: Part One</h1>&nbsp;<figure class="image image-style-align-left image_resized" style="width:9.4%;"><img src="/uploads/logo_tm_0_433b35c58a.png"></figure> In partnership with RENEW, the Impact Angel Network (IAN) has invested in three companies to date, with two more investments closing soon. RENEW’s portfolio consists of <a href="http://www.mama-fresh.com/">Mama Fresh</a>, a commercial manufacturer and exporter of injera and Ethiopian food products, <a href="http://metadplc.com/">METAD</a>, an Ethiopian specialty coffee producer and exporter, and <a href="http://www.dventus.com/">dVentus</a>, a clean energy company. RENEW is proud of the social impact and financial growth that each of its portfolio companies have achieved to date, and is excited to provide an update on those accomplishments.&nbsp;<figure class="image image-style-align-right image_resized" style="width:22.63%;"><img src="/uploads/img_9920_0_1a41ac55fe.jpg"></figure>Mama Fresh recently won an award as the #1 micro and small enterprise exporter from the Addis Ababa Ministry of Urban Development, Housing and Construction. Prime Minister Haliemariam Desalegn presented the award to Mama Fresh’s Hailu Tesema at a national ceremony. Mama Fresh also just finished transitioning its operations from a traditional injera manufacturing facility to a modern commercial injera and Ethiopian cuisine production facility. As a result, the company has doubled its capacity over what it was able to produce prior to the investment made by the IAN.&nbsp;&nbsp;&nbsp;The company has also achieved many other milestones since receiving the IAN’s investment, including:<ol><li>More than 300 smallholder farmers or marginal producers have supplied raw materials to Mama Fresh or received training or other support, post investment</li><li>Generating more than $1.5M in export revenue</li><li>Establishing a strategic partnership with a Fortune 500 food company</li></ol>&nbsp;<figure class="image"><img src="/uploads/collage_mama_fresh_portfolio_update_64752845d6.jpg"></figure>These accomplishments come as no surprise. They have been brought about by Mama Fresh’s hard work and dedication to the quality of its products, its commitment to the wellbeing of its staff, and its mission to see more people around the world “dance with their fingers, and eat Ethiopian”.We are proud to be a part of the Mama Fresh story.

Read about Mama Fresh's wonderful achievements to date...

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Portfolio Accomplishments: Part One

<h1 style="text-align:center;">RENEW at Women in Agribusiness Conference</h1>RENEW’s Laura Davis recently attended and spoke at a conference in Ethiopia, hosted by The Women in Agribusiness Leadership Network (WALN) in conjunction with the U.S. Agency for International Development (USAID). &nbsp;<figure class="image image-style-align-right image_resized" style="width:24.52%;"><img src="/uploads/dsc00069_fb97ed64bd.jpg"></figure>U.S. Ambassador to Ethiopia, Patricia Haslach and Ethiopia’s First Lady Roman Tesfaye opened the event, which focused on celebrating more than 100 women entrepreneurs and leaders from across Ethiopia who had a positive impact in the field of agribusiness. The women attendees were able to share experiences, best practices, and many other things related to owning and operating agricultural businesses.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During this event, Laura sat on a panel that discussed private equity and the field of agribusiness. She was able to share some of RENEW’s hard earned insights on the relationship between small-medium enterprises (SMEs), access to capital and angel investing. &nbsp;<figure class="image image-style-align-left image_resized" style="width:21.34%;"><img src="/uploads/dsc_0630_6ee7fbe2c6.jpg"></figure>In the words of Ambassador Haslach, “women make up nearly half of the agriculture workforce in Ethiopia, but unfortunately face a number of disadvantages, including limited access to training, market information, and other resources, and problems in accessing markets and credit.”**Unfortunately, many entrepreneurs in Ethiopia fall into the category of the “missing middle”, enterprises that are considered to be too large or established for micro-institutional investors, and too small and risky for traditional financing. But, this is where impact investment firms like RENEW come in to play – by providing SMEs access to the “missing” capital they need in order to scale and become attractive to larger private equity and institutional investors. This is all accomplished through RENEW’s wonderful Impact Angel Network, one of the largest U.S. based angel networks for Africa.&nbsp;All in all, it was an enlightening and inspiring conference that RENEW was happy to be a part of.

RENEW's Laura Davis attends and speaks at conference hosted by WALN and USAID

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RENEW at Women in Agribusiness Conference

<h1 style="text-align:center;">Angel Investors Travel to Ethiopia</h1>2015 has already proven to be a busy year, with RENEW hosting an Econ-Tourism Trip for members of the Impact Angel Network from Atlanta, Georgia during the first week of February. The Atlanta trip was initiated by <a href="http://www.signaturefd.com/">SignatureFD</a>, a wealth management firm in Atlanta with a mission to help their clients "live confidently, live fully, live purposefully." The group met with many Ethiopian entrepreneurs and visited a number of businesses in and around Addis Ababa. All in all, the investors were introduced to a total of eleven companies, spanning multiple sectors – from textiles to healthcare to food production - seven of which are being considered for upcoming investments.<figure class="image"><img src="/uploads/2015_february_atlanta_0_d22868a78f.jpg"></figure>During the trip, the group also went on a tour of Addis Ababa, which included a bird’s eye view of the city from the Entoto Mountains and a look back in history, with stops at Tomaco Coffee and the National Museum of Ethiopia, home of the infamous <a href="http://www.history.com/news/famed-lucy-fossils-discovered-in-ethiopia-40-years-ago">Lucy</a> skeleton - the oldest known hominid remains. The group also visited Mercato, the largest open air market in Africa, as well as enjoyed a reception at the Radisson Blu with partners and members of the business community.RENEW is in the midst of planning the next Econ-Tourism trip, which is slated to take place this summer with a focus on a multi-generational experience. Contact us to learn more about scheduling your own Econ-Tourism Trip!

A group of Impact Angel Network members travel to Ethiopia on an Econ-Tourism Trip

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Angel Investors Travel to Ethiopia

<h1 style="text-align:center;">RENEW Stories of 2014: Part Three</h1>This past year, RENEW has been working to close an investment in the first private ambulance company in Ethiopia. We are excited to share another one of our favorite stories of 2014. In Laura’s own words:<figure class="image"><img src="/uploads/dsc_0630_0_fb26a280bf.jpg"></figure>“This past summer, I learned that the owner was headed to the United States to gain exposure to advanced emergency medical systems. I emailed my former colleagues at Mayo Clinic asking if they would host him, so that he could experience a world-class health system, including air ambulances, dispatch centers and training programs. We arranged it all, including his stay with my parents outside Rochester, Minnesota.I was so excited about<figure class="image"><img src="/uploads/dsc_0030_21f62b2ac0.jpg"></figure>his visit, but it wasn't until he came back to Ethiopia that I realized he had been confused by my invitation to visit a 'clinic in Minnesota'. In Ethiopia, a clinic is typically as small as one nurse in a remote village. He had gone to Mayo Clinic because he trusted me, and he came back to Ethiopia astonished and full of vision for building a world-class emergency response system in a place that really needs it. We are thrilled to be involved with an entrepreneur with so much potential for Ethiopia.”Looking forward, 2015 will be an exciting year for RENEW and the IAN. We are planning for more investments, some exits, second rounds, returns from our current portfolio, and Econ-Tourism Trips to Ethiopia. RENEW is also working to make it easier for our investors to diversify, connect with their companies, and meet with each other. We look forward to creating stories with you in 2015!

A three-part blog series with RENEW's favorite 2014 stories: Part three

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RENEW Stories of 2014: Part Three

<h1 style="text-align:center;">RENEW Stories of 2014: Part Two</h1>One of RENEW’s goals for 2014 was to grow the Impact Angel Network, expanding to new cities across the United States. The Impact Angel Network is one of the largest U.S. angel networks working in in Africa. The members of the network are all conscious capitalists who seek to not only gain a financial return on their investment, but a social return as well.Here’s a story from Laura about the IAN’s growth in 2014:<figure class="image"><img src="/uploads/renew_banner_little_gem_video_3_356b289e99.jpg"></figure>“’But what does that really mean?’ – When your father becomes a member of the IAN, it opens you up to a whole new level of awareness about the investor experience. Maybe it’s just the truth-telling nature of my dad, but I am grateful for his perspective on our process, and hopeful it will bring a whole new level of refinement to the investor experience we seek to create.Once I was able to provide the answer to his questions about our process and describe the fundamental core of RENEW, to grow mid-size companies in Africa into market leaders, his response was ‘It makes sense to me.’ The actual words of the quote may change slightly, but for most members of the IAN, the gist of the quote stays the same. Joining the IAN is not a hard sell for us to make: Invest in companies, create jobs, stimulate exports, generate returns, build economies. This is what made America great. ‘It makes sense to me.’”And so, the IAN continues to grow one member at a time.If you’d like to learn more, check out this short video How the Impact Angel Network Makes Investments in Africa

A three-part blog series with RENEW's favorite 2014 stories: Part two

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RENEW Stories of 2014: Part Two

<h1 style="text-align:center;">RENEW Stories of 2014: Part One</h1>Built through laughter and heartache, challenges and great opportunity, stories capture the substance of life. The key actors in our story are the investors, entrepreneurs, development partners, colleagues, friends and family members who make RENEW and the Impact Angel Network (IAN) what it is today. In gratitude, we thought we’d take a few moments to recount some of our favorite stories from 2014.One of our favorite moments from 2014 is the day that Laura and Matt decided to visit the METAD coffee farm. In Laura’s own words:<figure class="image image-style-align-right image_resized" style="width:75%;"><img src="/uploads/dsc_0052_667d4a2513.jpg"></figure> “Mud and rain are really not my favorite things,but the image in my memory is epic: kids using banana leaves as umbrellas, trucks stuck up to their axles in mud, and Matt covered head to toe. I fled our land cruiser and rushed through the rain towards the welcoming arms of a young villager woman, and I sheltered under the porch of her mud brick and thatched hut. We were hours away from any semblance of modernity. Whose idea was it to visit our coffee farm near Yirgacheffe in the middle of the rainy season anyway? &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<figure class="image image-style-align-left"><img src="/uploads/dsc_0061_4fdf15c714.jpg"></figure>OK, I’ll admit it, it was mine – the desire to escape the city and go to that magical, mystical, ‘jungle-y’ place got the better of me. We didn’t make it to the actual farm on that trip, but ‘Ethiopia the beautiful’ renewed me once more and the jilted, jumbled conversations with the villagers gave me images of the impact of our investment: the hundreds of laborers who we employ at the farm and processing site, and the children who go to the school supported by METAD. These faces make up the real stories.”P.S. – Have no fear METAD investors, our team did make it to the farm to check up on things a few weeks later.

A three-part blog series with RENEW's favorite stories from 2014: Part one

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RENEW Stories of 2014: Part One

<h1 style="text-align:center;">Aspen Institute Showcased New Book on Impact Investing</h1><figure class="image"><img src="/uploads/ande_logo_web1_8d614abdbf.jpg"></figure>RENEW team members Kathleen DeLaHoussaye and Emily Ziethen attended an event for the recently released book titled, <a href="http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118860810.html">'The Impact Investor: Lessons in Leadership and Strategy for Collaborative Capitalism'</a>, authored by Cathy Clark, Jed Emerson and Ben Thornley. The discussion was hosted by the Aspen Network of Development Entrepreneurs, commonly known as <a href="http://www.aspeninstitute.org/policy-work/aspen-network-development-entrepreneurs">ANDE</a>, which is a part of the Aspen Institute. ANDE is “a global network of more than 200 organizations that propel entrepreneurship in emerging markets.”*Kathleen and Emily found the discussion surrounding the book and the field of impact investment to be interesting and compelling. According to the authors, this book serves as a hands-on resource that is both informative and practical by presenting investment strategies, providing case studies and teaching important lessons that will ultimately contribute towards the reader’s success in creating “mission-driven returns.”The research for this book drew on the practices and results of 30 different funds, firms and organizations in the field of impact investment that have historical data and a proven track record of meeting expectations and providing returns. The authors were then able to pull out trends, commonalities and conclusions from the data, which in turn empirically supports the opinion that all members of the impact community share; social entrepreneurship can be a successful means through which individuals can help lift a developing nation out of poverty, while providing financial returns.Ultimately, the beliefs and best practices presented in this book align with RENEW’s beliefs about impact investing. RENEW strives to engage its investors, practice exceptional financial discipline and due diligence, and ultimately provide an unforgettable experience that will hopefully inspire a movement across generations so that one day every individual will invest in impact.&nbsp;

RENEW team members Kathleen DeLaHoussaye and Emily Ziethen attended an ANDE event.

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Aspen Institute Showcased New Book on Impact Investing

<h1 style="text-align:center;">RENEW Attends Interfaith Center on Corporate Responsibility Conference</h1>RENEW’s Laura Davis recently attended a national conference titled “Weathering the Storm”, hosted by the Interfaith Center on Corporate Responsibility (ICCR).<figure class="image"><img src="/uploads/logo_0_669900179c.png"></figure>ICCR is a coalition of over 300 faith-based and socially responsible institutional investors who collectively represent more than $100 billion in invested capital, and work in coalition to promote more just and sustainable corporate practices.This event aimed to engage ICCR members and multinational corporations to support and promote greater awareness of their impacts on global food and water supplies, climate change, human rights, public health and access to safe and affordable credit, among other issues. Several hundred people from around the U.S. attended the conference, which was sponsored by Rockefeller &amp; Co., Goldman Sachs, Walmart and a variety of other corporations who care about the environment, good sourcing practices and their organization's carbon footprint.Laura was encouraged to learn that there is indeed a large community of religious-based financiers who care about environmental and social impact, and who are looking to invest in companies and opportunities that align with these values. Founded in the 1970s, ICCR has been a forerunner in the impact investment movement. Today, this coalition and other organizations, such as RENEW, are using private investment as a powerful catalyst for social change. &nbsp;

RENEW's Laura Davis attends the ICCR conference in New York City.

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RENEW Attends Interfaith Center on Corporate Responsibility Conference

<h1 style="text-align:center;">Why Impact Investment and Why RENEW?</h1>I have always possessed a passion for helping others, which was further instilled in me by the Jesuit education that I received from Loyola University Chicago. Under the Jesuit ideals, I was taught to constantly seek and expand my knowledge in the service of humanity, and acquire the skills that would enable me to solve the issues facing the world. Justice, social responsibility and global community are all values that were a part of my collegiate education, and have inspired me to, in the words of St. Ignatius himself, “Go forth and set the world on fire.” I believe that this drive was strengthened during my year studying abroad in France and living with a French host family. Being exposed to a completely different culture, language and way of life led me to truly appreciate the diverse international community and become globally aware in my personal identity and outward perspectives.<figure class="image"><img src="/uploads/dsc03207_b3638f0d2e.jpg"></figure>View from my home in Nantes, FranceIt was upon my return to the United States that I knew I wanted to pursue a career in international development, but I was not yet sure how I could go about achieving this dream. During my senior year at Loyola University Chicago, I was very fortunate to intern with the U.S. Department of Commerce, U.S. Commercial Service, which gave me the opportunity to work one on one with small and medium sized business owners who were looking to expand overseas. It was at this internship that I first discovered the power of the private sector and how it can positively affect the global economy. Balancing trade deficits, spurring economic growth, job creation and raising the overall standard of living are just a few examples of what the private sector can accomplish. By witnessing the direct consequences of encouraging private sector growth, I was inspired to learn how to bring out the best attributes of capitalism and make it a force of good.<figure class="image"><img src="/uploads/useac_chicago_2012_2_0_d1d25ba2b8.jpg"></figure>U.S. Department, U.S. Commercial Service Chicago StaffAfter graduating from Loyola University Chicago, I realized that in order to become knowledgeable on how to help the international community through private enterprise, I needed practical and real world experience working in the actual sector. I was once again given a wonderful opportunity, this time working at a private-equity venture capital firm. It was at this firm that my understanding of the private sector’s potential expanded, specifically how the field of international investment can be harnessed. It was fascinating and exciting to watch investments being made in mid to late stage ventures, seeing the portfolio companies grow and become market leaders (second round of investments, IPOs, acquisitions/sales), while all providing a return on the original investment for the investors. That’s when the light bulb went off; if we could apply this growth cycle to businesses in developing countries, then we could positively change the local economy and help raise a community out of poverty. This was my introduction to impact investment, and I was driven to learn more.I started researching all things impact investment, and found out what an amazing tool private investment can be when used to help others. The most important aspect of impact investment is that it not only provides a social impact for a community, but it also provides a return on the original investment. Impact investment is sustainable because it follows this philosophy; it is a helping hand, not a hand out. It does not participate in creating an aid-dependent society, but rather gives community members the resources and tools they need to help themselves.The more I researched and learned about the field, the more I wanted to become a part of this amazing work. It was during this time that I learned about RENEW, and let’s just say it was love at first sight. RENEW is both unique and exciting by providing its angel investors a means to experience new cultures and exotic lands, all the while connecting them to socially impactful investments; a mash-up of Indiana Jones meets Warren Buffet. RENEW’s business model is hopeful and visionary; strategic and memorable. It strives to help its clients find, invest in and grow midsize companies into market leaders, make a great return, and create a positive impact on the country’s economy. All in all, RENEW strives to give its angels an unforgettable experience. It is now my hope, as the newest member of the RENEW family, that I in turn will gain the necessary skills and experience that will ultimately provide me the means to uphold RENEW’s mission and create a positive social impact in the world.