Norfund - The Norwegian Investment Fund for Developing Countries, is owned by the Norwegian Government and serves as an instrument in Norwegian development policy. Norfund contributes to poverty reduction and economic development in the poorest countries through investments in profitable businesses and transfer of knowledge and technology.
Norfund invests equity and/or debt capital, always as a financial minority together with partners, international or Norwegian.
The main sector for investment is clean energy. Norfund is Norway's biggest investor in microfinance through the Norwegian Microfinance Initiative (NMI), and is also a prominent investor in small and medium sized businesses through regional funds and direct investments.
Norfund's geographical focus is on Sub-Sahara Africa, where the fund has three regional offices (Nairobi, Cape Town and Accra). In addition, Norfund invests in selected countries in Asia and Latin America, with regional offices in Costa Rica and Bangkok. Norfund seeks to hire local staff in the regions, and 15 nationalities are represented among the staff.
Location: Norway, Oslo
Employees: 51-200
Founded date: 1998
Investment Type: Venture Capital
Investment Stage: Debt
Portfolio 4
| Date | Name | Website | Total Raised | Location |
| 12.03.2024 | AwanTunai | awantunai.... | $27.5M | - |
| 02.11.2023 | Funding So... | fundingsoc... | $429M | Thailand, ... |
| 23.09.2021 | Baobab+ | baobabplus... | $16.42M | France, Il... |
| 30.06.2021 | Fourth Par... | fourthpart... | $230.74M | India, Tel... |
Mentions in press and media 27
| Date | Title | Description | Source |
| 10.04.2024 | OP Finnfund Global Impact Fund I invests in AwanTunai to fos... | OP Finnfund Global Impact Fund I invests in AwanTunai to foster the digitalisation and growth of the... | news.cisio... |
| 05.04.2024 | Adenia Partners Closes Oversubscribed Fund at $470M | Adenia Partners, a private equity firm focused on African growth, has successfully closed its fifth ... | parsers.vc... |
| 03.04.2024 | Adenia Closes Fifth Flagship Fund Oversubscribed at $470M | Share this: Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new... | appsafrica... |
| 03.04.2024 | Adenia Closes Fifth Flagship Fund, at $470M | Adenia, a Beau Plan, Mauritius-based private equity firm focused on growth opportunities in Africa, ... | finsmes.co... |
| 12.03.2024 | AwanTunai Exceeds Series B Target, Raises US$27.5M Led by No... | - | fintechnew... |
| 28.12.2023 | The top 20 agtech deals of 2023 | Disclosure: AgFunderNews’ parent company is AgFunder. Agtech deals of 2023 followed much the same tr... | agfunderne... |
| 02.11.2023 | Funding Societies bags $7.5m in debt from Norwegian investme... | FintechInvestmentsNews Jofie Yordan · 2 Nov 2023 · 2 min readFunding Societies bags $7.5m in debt fr... | techinasia... |
| 02.11.2023 | Funding Societies raises US$7.5 million from Norfund, bringi... | SINGAPORE, Nov. 2, 2023 /PRNewswire/ -- Funding Societies | Modalku, the largest unified SME (small ... | en.prnasia... |
| 12.10.2023 | The Week in AgriFoodTech: Investors fund agri-waste to energ... | The largest round this week went to India’s SAEL, a company converting agricultural waste into renew... | agfunderne... |
| 29.07.2022 | Norfund x Integra Partners | We are excited to announce that Norfund is now an investor in Integra Partners Fund II! Norfund is t... | integrapar... |
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