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Nordic Microfinance Initiative

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Investments

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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 19
Average round size
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The average size of a deal this fund participated in
$10M
Portfolio companies 12
Rounds per year 1.19
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.37
Exits 1
Key employees 1
Stages of investment
Early Stage Venture

Areas of investment

  • Financial Services
  • Finance
  • Banking
  • Association
  • FinTech
Summary

In 2008 was created Nordic Microfinance Initiative, which is appeared as Corporate Investor. The main office of represented Corporate Investor is situated in the Oslo. The venture was found in Europe in Norway.

We can highlight the next thriving fund investment areas, such as Retail, Banking. The fund has specific favorite in a number of founders of portfolio startups. For fund there is no match between the country of its foundation and the country of its the most frequent investments - India. Among the most popular portfolio startups of the fund, we may highlight Satin Creditcare Network, Utkarsh Micro Finance, Svasti Microfinance. Besides, a startup needs to be aged 16-20 years to get the investment from the fund.

The typical case for the fund is to invest in rounds with 2-3 participants. Despite the Nordic Microfinance Initiative, startups are often financed by International Finance Corporation, Aavishkaar Venture Capital, Stakeboat Capital. The meaningful sponsors for the fund in investment in the same round are Aavishkaar Venture Capital, International Finance Corporation, Kayenne Ventures. In the next rounds fund is usually obtained by International Finance Corporation, Aavishkaar Venture Capital, SBI Ven Capital.

The top activity for fund was in 2014. Despite it in 2019 the fund had an activity. The fund is constantly included in less than 2 deals per year. Comparing to the other companies, this Nordic Microfinance Initiative performs on 19 percentage points less the average number of lead investments. Speaking about the real fund results, this Corporate Investor is 50 percentage points more often commits exit comparing to other organizations. The higher amount of exits for fund were in 2015. Deals in the range of 5 - 10 millions dollars are the general things for fund.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Nordic Microfinance Initiative:
Typical Co-investors
Nordic Microfinance Initiative is more likely to invest in rounds together with the following funds:
There are no funds here. If we find new data, we will add it here.
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Nordic Microfinance Initiative:
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Funds with similar focus

Funds from Norway
Funds with similar focus located in Norway:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Light Microfinance

Finance
Financial Services
$26M22 Sep 2022 Ahmedabad, Gujarat, India

Sewa Grih Rin

Consumer
Finance
Financial Services
$18M13 Jul 2022 New Delhi, Delhi, India

Light Microfinance

Finance
Financial Services
$9M20 Jul 2021 Ahmedabad, Gujarat, India

Sindhuja Microcredit

Finance
Financial Services
$8M11 May 2020 India, Uttar Pradesh

Utkarsh Micro Finance

Banking
Finance
Financial Services
$3M08 Apr 2013 Varanasi, Uttar Pradesh, India

Utkarsh Micro Finance

Banking
Finance
Financial Services
$3M11 Sep 2011 Varanasi, Uttar Pradesh, India

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Total investments 19
Average round size 10M
Rounds per year 1.19
Peak activity year 2014
Lead investments 5
Follow on index 0.37
Exits 1
Group Appearance index 0.79

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Light Microfinance

Finance
Financial Services
$26M22 Sep 2022 Ahmedabad, Gujarat, India

Sewa Grih Rin

Consumer
Finance
Financial Services
$18M13 Jul 2022 New Delhi, Delhi, India

Light Microfinance

Finance
Financial Services
$9M20 Jul 2021 Ahmedabad, Gujarat, India

Sindhuja Microcredit

Finance
Financial Services
$8M11 May 2020 India, Uttar Pradesh

Utkarsh Micro Finance

Banking
Finance
Financial Services
$3M08 Apr 2013 Varanasi, Uttar Pradesh, India

Utkarsh Micro Finance

Banking
Finance
Financial Services
$3M11 Sep 2011 Varanasi, Uttar Pradesh, India
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