Norfund

Investor type Venture Capital

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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.
Total investments 55
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 44
Rounds per year 2.20
Lead investments 21
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.20
Exits 3
Key employees 10
Stages of investment
Private Equity

Areas of investment

  • Renewable Energy
  • Energy
  • Financial Services
  • 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

Red Sun

Food and Beverage
Food Processing
Organic Food
$8M20 Apr 2022 Cape Town, Western Cape, South Africa

AgDevCo

$70M24 Feb 2022 London, England, United Kingdom

Greenlight Planet

Clean Energy
Consumer
Consumer Electronics
Consumer Goods
Renewable Energy
Social Entrepreneurship
Solar
$75M26 Oct 2021 Chicago, Illinois, United States

d.light design

Energy
Renewable Energy
Solar
$15M22 Oct 2021 Berkeley, California, United States

Fourth Partner Energy

Energy
Recycling
Solar
$125M30 Jun 2021 India, Andhra Pradesh, India

Amartha

Financial Services
FinTech
$7M03 Jun 2021 Jakarta, Jakarta Raya, Indonesia

Brighter Life Kenya 1

Energy
Solar
Sustainability
$15M27 Jan 2021 -

Starsight Energy

Renewable Energy
Solar
$10M14 Jan 2021 Lagos

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

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