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Since 2020, Nordic Impact Funds has backed 3 African startups across 6 disclosed funding rounds totaling $2.1M, most heavily in Uganda and Productivity & Workspace.
Nordic Impact Funds is an impact investment firm and fund manager focused on small and medium sized enterprises in East Africa. The firm is headquartered in Copenhagen, Denmark, with offices in Kampala, Uganda, and a presence in Nairobi. It deploys equity, equity like instruments, debt, impact linked finance, and hybrid structures to support commercially viable businesses that improve livelihoods and strengthen climate resilience for underserved populations. In Africa, Nordic Impact Funds invests patient and flexible capital in early and growth stage SMEs across food systems and agricultural value chains, as well as inclusive financial and digital ecosystems. Its activity includes multiple investments in Uganda and Tanzania, with a particular focus on agri food, productivity tools for small businesses, and fintech solutions. The firm can provide ticket sizes between approximately USD 100,000 and 2 million, and actively supports portfolio companies with technical assistance on governance, climate smart technologies, and impact management. Nordic Impact Funds follows a climate smart and gender smart investment strategy that combines intentional positive impact with careful management of environmental and social risks. It collaborates with a network of impact investors in the Nordics and beyond, and uses impact linked financing and incentives tied to measurable impact targets. Its impact objective is to increase livelihoods and resilience for low income and underserved groups, including women, by backing scalable business models that contribute to financial health and climate adaptation across East Africa.
Data updated · Aug 29, 2026
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Nordic Impact Funds has backed 3 African startups across 6 disclosed funding rounds tracked on Liners, totaling $2.1M since 2020.
Mostly Venture (Round not Specified): 3 of its 6 tracked rounds are at that stage, followed by Seed (2).
Its tracked rounds lean toward Productivity & Workspace (3), Agri Tech (2), Fintech (1).
Nordic Impact Funds most often shares rounds with Mercy Corps Ventures (1 shared deal), ELEA (1 shared deal), Impacc (1 shared deal).
Nordic Impact Funds is an impact investment firm and fund manager headquartered in Copenhagen, Denmark, with offices in Kampala, Uganda and a presence in Nairobi. It focuses on capitalizing local SMEs in East Africa to improve livelihoods and climate resilience for underserved populations.
Nordic Impact Funds backs local SMEs that offer economically viable and scalable solutions within agri food value chains and inclusive finance. Portfolio activity in East Africa includes investments in agritech, productivity tools for small businesses, and fintech solutions, supported by technical assistance and impact linked financing to help these companies grow sustainably.