# Renewance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renewance

- Industry: Software
- Headquarters: Schaumburg, US
- Website: www.batterystewardship.com
- Latest round: Series A (Apr 10, 2024)
- Investors on record: 3

## About

Founded in 2016 and based in Illinois, US, Renewance, Inc. operates as a software company. The company was founded by its CEO, Jamal Burki, and COO, Thomas Newhall. In April 2024, Renewance, Inc. raised USD 18 million in Series A funding from IMM Investment, Rock Creek Group, and Evergreen Climate Innovations.

Renewance offers software solutions, consulting, and project management services. The company provides a battery life cycle management platform, which is a SaaS-based battery services platform that manages batteries throughout their entire life cycle, from decommissioning to reuse and recycling. The firm offers Renewance ConnectTM, a platform that tackles the battery lifecycle, from deployment and performance monitoring to decommissioning.

The company plans to use the funds raised in April 2024 to expand its geographical reach and service offerings for the North American battery industry's long-term growth opportunities.

## Funding rounds

- Series A, Apr 10, 2024 — Rock Creek Group, IMM Investment, Evergreen Climate Innovations

## Investors

- Rock Creek Group (https://capitalatlas.ai/funds/rock-creek-group) — Series A
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series A
- Evergreen Climate Innovations (https://capitalatlas.ai/funds/evergreen-climate-innovations) — Series A