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FMO, a Dutch development bank, empowers African businesses through debt financing, focusing on Series B rounds. With investments in TeamApt, Lumos, and M-KOPA, FMO stands out as a catalyst for innovation and impact in the African startup ecosystem, helping businesses scale and drive positive change.

Type
Impact Investor

FMO's Portfolio in Africa

FMO has made over 37 notable investments in African startups. Their most recent investment was in Nile.ag, announced on June 10th, 2025.
FMO's Latest news
SAHEL: FMO grants €5.5m to SolarX to provide solar energy to SMEs - AFRIK 21

MICROCAPITAL BRIEF: Sahyadri Farms Raises $39m in Equity from Incofin, FMO, Korys, Proparco to Boost Smallholder Farmers' Exports of Fruits, Vegetables - MicroCapital

Sahyadri Farms Raises $39m in Equity from Incofin, FMO, Korys, Proparco to Boost Smallholder Farmers’ Exports of Fruits, Vegetables - MicroCapital - MicroCapital

MICROCAPITAL BRIEF: Sahyadri Farms of India Raises $39m in Equity from Incofin, FMO, Korys, Proparco to Boost Smallholder Farmers' Exports of Fruits, Vegetables - MicroCapital

FMO's Investment activity in Africa

With over $988M invested in African startups, their latest investment was a Funding Round round in Nile.ag, announced on June 10th, 2025, closing at $11.3M.

Here are some of their investments in Africa:

RoundStartupLocationDateAmount Raised
Debt Financing
Sistema.bio
KenyaOct 14, 2024Undisclosed
Seed
Farmerline
GhanaApr 25, 2022$ 6,400,000
Private Equity
Greenlight Planet
KenyaSep 22, 2020$ 90,000,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000

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FMO's Investment Distribution in Africa.

FMO's currently has Startuup investments spread across the following location(s)

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