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Norfund, Norway's development finance institution, empowers African businesses through equity and debt financing. Notable portfolio companies include Baobab+, Greenlight Planet, and Wave Mobile Money. Norfund's deep local expertise and focus on sustainable impact set it apart in Africa's investment ecosystem.

Norfund's Latest news
Norfund, BII, Finnfund invest $200m in African forestry fund - Reuters.com

Norfund, BII, Finnfund invest $200m in African forestry fund - Reuters

AFRICA: KLP Norfund invests $40m in green energy for business - AFRIK 21

Norfund invests a further $40m in the African C&I market - ESI Africa

Norfund's Investment activity in Africa

With over $638.6M invested in African startups, their latest investment was a Private Equity round in CrossBoundary Energy, announced on January 23rd, 2025, closing at $40M.

Here are some of their investments in Africa:

RoundStartupLocationDateAmount Raised
Private Equity
Freight in Time
KenyaMar 22, 2016$ 10,000,000
Private Equity
Verde Beef Processing
EthiopiaApr 03, 2017$ 7,400,000
Venture
d.light
KenyaOct 22, 2021$ 15,000,000
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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Norfund's Investment Distribution in Africa.

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

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