Impact Angel Network completed the third investment in Roadrunner.

RENEW-backed Impact Angel Network, one of the most active private equity investors in Ethiopia, completed the third investment in Roadrunner, which is a partner of Deliver Addis, an e-commerce company in Ethiopia that focuses on online food delivery. Financial terms were not disclosed. “As both a frequent user of Deliver Addis and owner of Roadrunner, I couldn’t be more excited about this investment. Not only is the need for such services of national importance to control the spread of Covid-19, but it is also keeping hundreds of people employed through Deliver Addis and the small businesses they support. Feleg is a visionary and a skilled technician. We’re excited to back him and drive Deliver Addis into new markets,” Matthew Davis, RENEW’s CEO.