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Since 2018, FMO Entrepreneurial Development Bank has backed 13 African startups across 12 disclosed funding rounds totaling $146.2M, most heavily in South Africa and Fintech.
FMO Entrepreneurial Development Bank, legally known as Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V., is the Dutch entrepreneurial development bank headquartered in The Hague, Netherlands. It is a leading impact investor that focuses on supporting sustainable private sector growth in developing and emerging markets. In Africa, FMO is active across early and growth stage venture financing, participating in Seed, Series A, Series B and other venture rounds. Based on disclosed transactions, the bank has invested in fintech, agritech, energy and utilities, telecom and connectivity, and AI and analytics, with a particular focus on companies in Egypt, South Africa, Ghana, Kenya, Côte d'Ivoire and Morocco. Its African portfolio includes businesses such as Tagaddod, Nile, HUB2, Fido, YoLa Fresh, Mawingu, Farmerline, Dopay, Aerobotics and Lendable. FMO’s investment strategy concentrates on sectors where private enterprise can drive inclusive and sustainable prosperity, especially financial services, energy and agribusiness related activities. The bank often partners with other impact and venture investors, including Cathay Innovation, E3 Capital and a range of regional and international funds, to mobilize additional capital for entrepreneurs in emerging markets.
Data updated · Sep 12, 2026
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FMO Entrepreneurial Development Bank has backed 13 African startups across 12 disclosed funding rounds tracked on Liners, totaling $146.2M since 2018.
Mostly Series A: 4 of its 12 tracked rounds are at that stage, followed by Series B (4).
Companies FMO Entrepreneurial Development Bank has backed operate in South Africa (9), Ghana (7), Kenya (5), and 20 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Fintech (9), Agri Tech (5), Energy & Utilities (2), and 1 more sector.
FMO Entrepreneurial Development Bank most often shares rounds with Cathay Innovation (2 shared deals), Platform Investment Partners (2 shared deals), E3 Capital (2 shared deals).
FMO Entrepreneurial Development Bank’s official website is hosted at the fmo.nl domain. This site provides information about its mandate, sectors of focus and activities as the Dutch entrepreneurial development bank.
FMO Entrepreneurial Development Bank is a Dutch entrepreneurial development bank headquartered in The Hague, Netherlands. It focuses on impact investing and supports sustainable private sector growth in developing and emerging markets.
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