Renown Capital Partners—an investment firm focused on growth-stage technology companies helping to secure an efficient, affordable, and reliable energy system—announced it has formally launched. Renown is a spinout of Moore Capital Management, which has provided $200 million of anchor capital. The Daily Mail and General Trust (DMGT) has committed an additional $50 million of anchor capital.
Renown’s investment team is led by James McIntyre (Co-Founder, Chief Investment Officer, and Managing Partner), Hunter Horgan (Managing Director), and Cameron Scari (Managing Director). McIntyre leaves Moore after nearly 20 years with the firm and has worked with both Horgan and Scari for nearly a decade. Archie Soames is Co-Founder and Head of Business Development.
Renown also launches with a portfolio of six companies and recently led the Series C financing of Utilidata (an AI technology company bringing edge computing and AI to the electric grid). Utilidata’s distributed AI platform Karman, designed in partnership with part-owner NVIDIA, will help deliver unprecedented efficiency, resilience, and security to energy infrastructure across the globe.
KEY QUOTES:
“Throughout my time at Moore I have rarely seen a secular shift as powerful and sustaining as what the world is currently experiencing in energy. Renown has been founded specifically to capitalize on this opportunity.”
James McIntyre
“Given the rise in demand, surge of complexity, and expansion of decentralized energy resources, utilities need real-time visibility of grid conditions and dynamic, software-defined infrastructure. We believe Utilidata is providing a flexible, evergreen solution to address these complex issues, and we are excited to continue our longstanding relationship through this raise.”
Renown’s Hunter Horgan, who orchestrated the Utilidata round
“We believe the global energy ecosystem is at an inflection point and offers a generational investment opportunity. The companies providing new technologies in this space, including those in Renown’s launch portfolio, are poised for extraordinary growth.”
Archie Soames
