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Norfund

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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 76
Average round size
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The average size of a deal this fund participated in
$52M
Portfolio companies 62
Rounds per year 2.81
Lead investments 30
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.18
Exits 6
Key employees 10
Stages of investment
Private Equity

Areas of investment

  • Renewable Energy
  • Financial Services
  • Energy
  • Solar
  • Banking
Summary

In 1998 was created Norfund, which is appeared as VC. The venture was found in Europe in Norway. The main office of represented VC is situated in the Oslo.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the Norfund, startups are often financed by SunFunder, Shell Foundation, European Investment Bank (EIB). The meaningful sponsors for the fund in investment in the same round are Yoma Strategic Holdings, International Finance Corporation, FMO. In the next rounds fund is usually obtained by SunFunder, SIMA Funds, European Investment Bank (EIB).

Among the most popular fund investment industries, there are Food and Beverage, Agriculture. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight First Finance MFI, Vertical Agro, Myanmar Finance International Limited. For fund there is no match between the location of its establishment and the land of its numerous investments - Cambodia.

The top activity for fund was in 2013. When the investment is from Norfund the average startup value is 100-500 millions dollars. Opposing the other organizations, this Norfund works on 23 percentage points less the average amount of lead investments. The fund is constantly included in 2-6 deals per year. Speaking about the real fund results, this VC is 66 percentage points more often commits exit comparing to other organizations. Deals in the range of 10 - 50 millions dollars are the general things for fund.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Candi

Energy
Renewable Energy
Solar
$38M10 Jun 2024 Zurich, Zurich, Switzerland

AwanTunai

Financial Services
FinTech
Payments
Peer to Peer
$27M12 Mar 2024 Jakarta, Jakarta Raya, Indonesia

ERCO

Electric Vehicle
Energy
Energy Storage
Renewable Energy
Solar
$30M31 Jan 2023 Medellín, Antioquia, Colombia

Energy
Renewable Energy
$35M16 Dec 2020 Port Louis, Port Louis, Mauritius

Arnergy

Energy
Renewable Energy
$9M24 Jun 2019 Lagos

Myanmar Finance International Limited

Finance
Financial Services
FinTech
$1M18 Nov 2015 Yangon, Yangon, Myanmar

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Total investments 76
Average round size 52M
Rounds per year 2.81
Peak activity year 2023
Lead investments 30
Follow on index 0.18
Exits 6
Group Appearance index 0.42

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Candi

Energy
Renewable Energy
Solar
$38M10 Jun 2024 Zurich, Zurich, Switzerland

AwanTunai

Financial Services
FinTech
Payments
Peer to Peer
$27M12 Mar 2024 Jakarta, Jakarta Raya, Indonesia

ERCO

Electric Vehicle
Energy
Energy Storage
Renewable Energy
Solar
$30M31 Jan 2023 Medellín, Antioquia, Colombia

Energy
Renewable Energy
$35M16 Dec 2020 Port Louis, Port Louis, Mauritius

Arnergy

Energy
Renewable Energy
$9M24 Jun 2019 Lagos

Myanmar Finance International Limited

Finance
Financial Services
FinTech
$1M18 Nov 2015 Yangon, Yangon, Myanmar
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