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Belgian Investment Company for Developing Countries

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 145
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 101
Rounds per year 6.30
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.30
Exits 10
Key employees 8
Stages of investment
Early Stage Venture

Areas of investment

  • Financial Services
  • Finance
  • Banking
  • Energy
  • Food and Beverage
Summary

In 2001 was created Belgian Investment Company for Developing Countries, which is appeared as VC. The company was established in Europe in Belgium. The main office of represented VC is situated in the Brussels.

Deals in the range of 10 - 50 millions dollars are the general things for fund. The high activity for fund was in 2019. Considering the real fund results, this VC is 5 percentage points more often commits exit comparing to other organizations. The fund is constantly included in less than 2 deals per year.

The overall number of key employees were 2.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Belgian Investment Company for Developing Countries, startups are often financed by Incofin Investment Management, Samridhi Fund, Oikocredit International. The meaningful sponsors for the fund in investment in the same round are Oikocredit International, Incofin Investment Management, Finnfund (Finnish Fund for Industrial Cooperation Ltd.). In the next rounds fund is usually obtained by Oikocredit International, GAWA Capital, Creation Investments Capital Management, LLC.

Among the most popular portfolio startups of the fund, we may highlight Fusion Microfinance, Access Bank Plc., Annapurna Microfinace. For fund there is no match between the country of its foundation and the country of its the most frequent investments - India. Besides, a startup needs to be aged 11-15 years to get the investment from the fund. Among the most successful fund investment fields, there are Banking, Property Management.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Fusion Microfinance

Banking
Finance
Financial Services
FinTech
$8M25 Jun 2015 New Delhi, Delhi, India

Annapurna Microfinace

Banking
Business Development
Finance
Financial Services
FinTech
Property Management
$5M26 Mar 2014 India, Odisha

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Total investments 145
Average round size 15M
Rounds per year 6.30
Peak activity year 2019
Lead investments 4
Follow on index 0.30
Exits 10
Group Appearance index 0.07

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Fusion Microfinance

Banking
Finance
Financial Services
FinTech
$8M25 Jun 2015 New Delhi, Delhi, India

Annapurna Microfinace

Banking
Business Development
Finance
Financial Services
FinTech
Property Management
$5M26 Mar 2014 India, Odisha
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