Atlanta Inno Fire Awards: 50 companies that are setting the tech ecosystem ablaze

Renew Venture Capital, Founder Mark Hubbard

Local investor and entrepreneur Mark Hubbard launched a $50 million impact fund with Renew Venture Capital for startups committed to social good or startups founded by women or people of color. Hubbard plans to write checks ranging from $250,000 to $3 million for early-stage, profitable companies that can scale. Renew represents an interest from the local tech ecosystem to close the racial funding gap. Its focus on impact is an example of a broader trend led by consumers — people want to put their money in companies they believe are helping society.