San Francisco-based Renegade Partners, an early-stage venture firm investing in tech companies, announced Fund II. Renegade will invest the $128 million (mainly at Series A) in 20 companies. All of Renegade Partners’ institutional investors, which include pensions, foundations, and an Ivy League endowment, have matched or increased their allocations for Fund II, bringing the total AUM to $228 million.
Renegade addresses the high-stakes phase between product market fit and growth, writing checks up to $10 million. The firm maintains a focused portfolio and actively partners with each team to help them achieve breakaway success.
Renegade was launched by Renata Quintini and Roseanne Wincek in 2020. Before launching Renegade, Quintini invested as a Partner at Lux Capital and General Partner at Felicis Ventures, and Wincek invested as a Partner at IVP and Principal at Canaan Partners. More than $40B of enterprise value at exit has already been created by companies Quintini and Wincek invested in before starting Renegade, including Dollar Shave Club, Looker, Motive, Planet, Glossier, Wise, and Cruise.
Renegade works with category-defining companies in various markets. For example, Renegade-backed founders are transforming aerospace (Air Space Intelligence), building payments infrastructure to help merchants drive loyalty (Ansa), reshaping incident management (Rootly), bringing development tools to industrial automation (Copia Automation), reimagining collaborative work (Coda), and innovating clinical R&D financial management (Auxilius). Over 80% of Fund I companies that were on pace to raise follow-on capital have done so.
Renegade’s General Partners sit on 80% of portfolio companies’ boards, and Chief People Officer and Operating Partner Susan Alban (formerly with Uber, McKinsey, and eBay) actively supports 100% of portfolio companies.
KEY QUOTES:
“We help entrepreneurs build their legacies. We started Renegade because we believe that early, steadfast conviction is a basic requirement of venture investing. We’re here to go all-in on founders, helping them turn startups with early traction into unstoppable, generational companies.”
– Roseanne Wincek, Co-Founder & Managing Director of Renegade Partners
“Renegade does what’s right for the company, what’s right for the founders. Roseanne and Renata are very high integrity, people you can trust. They care a lot, are very good at asking the right questions at the right moment, helping us think things through. If you want to build something enduring, you need good partners.”
– Phillip Buckendorf, CEO at Air Space Intelligence
“Our Goldilocks fund size gives us the flexibility to write checks that make the most sense for the companies we invest in, while maximizing the chances for stellar returns. We increase our opportunities to partner with great companies, while deploying capital to align incentives with our founders and LPs.”
– Renata Quintini, Co-Founder & Managing Director of Renegade Partners
