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Norfund

Europe, Oslo, Norway, Oslo

Description

Norfund is an active, strategic minority investor.

Investor Profile

Norfund has made 75 investments, with 9 in the past 12 months and 64% as lead.

Stage Focus

  • Series Unknown (37%)
  • Private Equity (27%)
  • Debt Financing (21%)
  • Series A (3%)
  • Series B (3%)
  • Post Ipo Debt (3%)
  • Series E (1%)
  • Undisclosed (1%)
  • Grant (1%)
  • Series C (1%)

Country Focus

  • Kenya (19%)
  • Nigeria (11%)
  • South Africa (11%)
  • United Kingdom (7%)
  • United States (5%)
  • India (5%)
  • Indonesia (5%)
  • Myanmar (4%)
  • Senegal (3%)
  • Norway (3%)

Industry Focus

  • Energy
  • Renewable Energy
  • Financial Services
  • Solar
  • Finance
  • Banking
  • Agriculture
  • Fintech
  • Food And Beverage
  • Manufacturing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Norfund frequently co-invest with?

FMO
Europe, Zuid-Holland, The Netherlands, The Hague
Co-Investments: 7
Symbiotics Group
Europe, Geneve, Switzerland, Geneva
Co-Investments: 3
International Finance Corporation
North America, District of Columbia, United States, Washington
Co-Investments: 3
Finnfund
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 7
BlueOrchard Finance S A
Europe, Geneve, Switzerland, Geneva
Co-Investments: 2
Inspired Evolution Investment Management
Africa, NA - South Africa, South Africa, Cape Town
Co-Investments: 3
British International Investment
Europe, England, United Kingdom, London
Co-Investments: 4
responsAbility Investments
Europe, Zurich, Switzerland, Zürich
Co-Investments: 2
CDC Group
Europe, England, United Kingdom, London
Co-Investments: 7
Swedfund International
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 5

What are some of recent deals done by Norfund?

Pele Energy Group

Johannesburg, NA - South Africa, South Africa

Pele Energy Group owns and runs renewable energy infrastructure in addition to providing economic development consulting services.

ConsultingRenewable Energy
Series UnknownMar 4, 2025
Amount Raised: $31,000,000
AgDevCo

London, England, United Kingdom

AgDevCo is a specialist investor that focuses on agribusinesses to support small and medium-sized enterprises.

AgricultureBusiness DevelopmentFinance
Series UnknownFeb 20, 2025
Amount Raised: $85,000,000
CrossBoundary

Nairobi, Nairobi Area, Kenya

CrossBoundary is an investment company that dedicate its funds to commercial and industrial solar in Africa.

EnergyFinanceFinancial ServicesVenture Capital
Private EquityJan 23, 2025
Amount Raised: $40,000,000
India Grid Trust

Delhi, Delhi, India

India Grid Trust is an infrastructure investment trust (“InvIT”) established to own inter-state power transmission assets in India.

ConstructionFinancial Services
Post Ipo EquityNov 13, 2024
Amount Raised: $300,000,000
Kim-Fay

Nairobi, Nairobi Area, Kenya

Kim-Fay produces home and kitchen essentials, baby care and baby nutrition, cleaning essentials, feminine hygiene, and skin care.

Consumer GoodsHealth CareManufacturing
Debt FinancingAug 22, 2024
Access Bank

Lagos, Lagos, Nigeria

Access Bank is a financial institution that provides financial services to retail, business, commercial, and corporate customers.

BankingFinancial Services
Debt FinancingJul 16, 2024
Amount Raised: $314,722,617
Xurya

Jakarta, Jakarta Raya, Indonesia

Pioneer in the solar lease business. Giving Indonesian businesses a chance to contribute to the solution climate change while saving money

Environmental ConsultingEnvironmental EngineeringPeer to PeerRenewable EnergySolar
Series UnknownJul 1, 2024
Amount Raised: $55,035,235
SeA Bank

Hanoi, NA - Vietnam, Vietnam

SeA Bank is a banking institution that provides services like preferential loans, tax services, and online transaction solutions.

BankingFinanceFinancial ServicesLending
Post Ipo DebtJun 14, 2024
Amount Raised: $30,000,000
Candi

Zürich, Zurich, Switzerland

Candi provides small scale commercial and industrial rooftop solar.

EnergyRenewable EnergySolar
Series CJun 10, 2024
Amount Raised: $38,000,000
AwanTunai

Jakarta, Jakarta Raya, Indonesia

AwanTunai is a fintech startup that offers access to loans and working capital to micro-retail merchants.

Financial ServicesFinTechPaymentsSupply Chain Management
Series BMar 12, 2024
Amount Raised: $27,500,000