CTD // Fund
Norfund
It invests in developing countries to create jobs and improve lives
← Fund directoryNorfund is an institutional investor (Sustainable Funds,) founded in 1998 and headquartered in Oslo, Norway. Norfund is the Norwegian Investment Fund for Developing Countries, founded in 1998. The firm is owned by the Norwegian Ministry of Foreign Affairs and manages over NOK 350 billion in assets. Norfund invests in renewable energy, financial inclusion, scalable enterprises, and green infrastructure in developing countries across Africa, Southeast Asia, and Latin America. It invests in developing countries to create jobs and improve lives. The organization focuses on providing equity capital and other risk capital to build sustainable businesses and industries. Its investment areas include renewable energy, financial inclusion, scalable enterprises, and green infrastructure. A key objective is to support the transition to net zero emissions by investing in renewable energy projects in emerging markets. It works as a responsible minority investor, collaborating closely with local partners to develop solutions tailored to the specific needs of each country. Profitability is a crucial factor, ensuring the long-term sustainability of its investments and enabling the reinvestment of capital into new opportunities. The organization also aims to add non-financial value through expertise and active ownership, enhancing both profitability and development impact.
- Stage
- greenfield/early-stage, growth, scalable enterprises, greenfield/early-stage, growth, scalable enterprises
- Check size
- $5M-$25M
- HQ
- Oslo, Norway
- Founded
- 1998
- Website
- https://norfund.no
- LinkedIn
- https://linkedin.com/company/norfund
- Twitter
- https://twitter.com/norfund
Institutional Investorrenewable energyfinancial inclusionscalable enterprises (agribusinessmanufacturing)green infrastructure (waste managementwater/sanitation)
What they look for
developing countries (primarily Sub-Saharan Africa, select Asia/Latin America; >33% LDCs, >50% Sub-Saharan Africa); profitable sustainable businesses with high development impact and additionality; minority equity stakes (max 35%); preference for equity over debt; sectors with job creation potential
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