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/Investors/Norfund
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Norfund

norfund.no β†—
5 investmentsΒ·3 products on Liners
Norfund is the Norwegian Investment Fund for developing countries. It is owned and funded by the Norwegian Government. The fund invests to create jobs, improve lives, and support the transition to net zero. Norfund has its headquarters in Oslo, Norway, with regional offices in Africa, Asia, and Latin America. Norfund targets primarily Sub-Saharan Africa, including countries like Nigeria and Kenya. It invests in early to growth stages such as Series A, Series B, and debt financing. Focus sectors include renewable energy, financial inclusion, and scalable enterprises. From October 2017 to April 2025, Norfund participated in five funding rounds totaling $130 million, with four investments in Nigeria and one in Kenya, primarily in energy and utilities. Norfund has backed companies like Arnergy in modular solar power, Omni in trade networks, and M-KOPA in pay-as-you-go products. It often co-invests with partners such as Breakthrough Energy Ventures and All On. As a responsible minority investor, Norfund provides equity and risk capital on commercial terms to build sustainable businesses.

Total Invested

$130M

Active Since

Oct 2017

Latest Investment

Apr 2025

Top Stage

Series B

Norfund Investment Regions

πŸ‡³πŸ‡¬ Nigeria (4)πŸ‡°πŸ‡ͺ Kenya (1)

Norfund Investment Sectors

Energy & Utilities (3)E-commerce & Retail (1)Fintech (1)

Norfund Investment Timeline

Favicon of ArnergyArnergySeries B$18MApr 2025
withBreakthrough Energy VenturesAll OnEDFI Management CompanyBritish International InvestmentCardinalStone Capital Advisers
Favicon of OmniOmniSeries A$20MApr 2025
withFlour mill NigeriaAruwa CapitalTimon CapitalAlitheia Capital
Favicon of ArnergyArnergySeries B$3MFeb 2024
withBreakthrough Energy VenturesAll OnElectrification Financing Initiative
Favicon of ArnergyArnergySeries A$9MJun 2019
withBreakthrough Energy VenturesOnenergyElectrification Financing Initiative
Favicon of M-KOPAM-KOPADebt Financing$80MOct 2017
withresponsAbility InvestmentsFMO Entrepreneurial Development BankSymbiotics GroupCDC Group

Products Backed by Norfund

Favicon of Arnergy
ArnergyπŸ‡³πŸ‡¬
Modular solar power with battery backup for 24/7 energy
Energy & Utilities
Favicon of Omni
OmniπŸ‡³πŸ‡¬
End-to-end visibility and finance for trade networks
E-commerce & Retail
Favicon of M-KOPA
M-KOPAπŸ‡°πŸ‡ͺ
Pay-as-you-go smartphones and essential products
Fintech

Investors Similar to Norfund

Breakthrough Energy Ventures (3)All On (2)Electrification Financing Initiative (2)EDFI Management Company (1)British International Investment (1)CardinalStone Capital Advisers (1)Flour mill Nigeria (1)Aruwa Capital (1)

FAQs About Norfund

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