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Renegade Partners raises $128M to fuel early-stage tech investments

Renegade Partners raises $128M to fuel early-stage tech investments

Renegade Partners, a venture capital firm focused on early-stage technology companies, announced the closing of its second fund, totaling $128 million. This brings their total assets under management (AUM) to $228 million. The VC firm will invest the $128 million, mostly at Series A, in 20 companies. All of Renegade Partners’ institutional investors, include Pensions, Foundations, and an Ivy League Endowment. 

Not too long ago, we also reported about VC firm PhotonVentures which closed €75M fund to invest up to €2.5M in European deep tech startups.

Renegade Partners: What do they do

Renegade invests in “audacious founders” tackling significant challenges, aiming to transform them into enduring companies. They typically invest at the Series A stage, writing checks up to $10 million. The firm keeps a concentrated portfolio, actively working with each company to maximise their growth potential.

The firm was founded in 2020 by Renata Quintini and Roseanne Wincek, both seasoned investors with a proven track record. Combined, companies they previously invested in have reached over $40 billion in exit value.

“We help entrepreneurs build their legacies,” said Roseanne Wincek, Co-Founder & Managing Director of Renegade Partners. “We believe in early, unwavering conviction and are here to go all-in with founders, transforming promising startups into lasting, generational companies.”

Renegade’s portfolio and approach

The San Francisco-based VC focuses on category-defining companies in critical markets. Their current portfolio includes companies working on advancements in aerospace (Air Space Intelligence), payment infrastructure (Ansa), incident management (Rootly), industrial automation (Copia Automation), collaborative work (Coda), and clinical R&D financial management (Auxilius).

The firm boasts a high follow-on funding rate, with over 80% of Fund I companies on track for additional investment securing the necessary capital.

“Renegade does what’s right for the company, what’s right for the founders,” said Phillip Buckendorf, CEO at Air Space Intelligence. “They are trustworthy and supportive, providing valuable guidance as we scale.”

Renegade offers a hands-on approach, providing founders with consistent access to expert advice. Both General Partners actively participate on boards (80% of portfolio companies), and their Chief People Officer and Operating Partner, Susan Alban, offers support to all companies. With Fund II, they plan to expand their team with a new Operating Partner focused on finance and business operations.

What we think about the firm

“Our strategic fund size allows us to invest at a level that is optimal for the companies we back, while maximising return potential,” said Renata Quintini, Co-Founder & Managing Director of Renegade Partners. “This allows us to partner with exceptional companies while aligning incentives with founders and investors.”

Renegade Partners appears to be a well-established venture capital firm with a strong track record and a focus on supporting founders through critical growth stages. The firm’s success in securing a significant amount of capital in Fund II positions them to continue backing innovative early-stage technology companies.

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