Paul Richardson, President of Renewal2 Investment Fund, is pleased to announce the first close of the Fund at over $16 million. Renewal2 is one of a handful of funds in North America that focus on companies which have positive environmental, social and financial returns.

Renewal has been investing in early stage businesses at the forefront of social and environmental innovation for almost 15 years.  Over that time, the good in the world being done by companies that we have been involved with has been apparent to many, but the financial returns built by these social entrepreneurs has been less obvious.

I have a small sense of what Alice felt when she passed through the looking glass, and I have to tell you it is tons of fun. I had been peaking through for far too long, knowing that there was a different world where I might find more meaning, but I was afraid to cross through.