INDIANAPOLIS and OAKLAND, Calif., January 28, 2019-- HG Ventures today announced a $2.5 million seed round investment in Renewal Mill, a next-generation food ingredients company disrupting the food technology industry with sustainable solutions to production and manufacturing waste. Renewal Mill will use this round of funding to scale current production and expand into new market opportunities. As part of the investment, Kip Frey, Managing Director of HG Ventures, will join Renewal Mill's Board of Directors. Renewal Mill upcycles the byproducts of food manufacturing into premium ingredients and products.