FMO
Institutional investorThe Hague · Growth · 3 people tracked
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Investment thesis
FMO is a public-private development bank that finances and invests in businesses across more than 85 countries, focusing on developing economies and emerging markets. Its mission is to enable entrepreneurs to increase inclusive and sustainable prosperity by supporting job and income generation. FMO combines financing with support that helps companies operate responsibly in environmental and social terms. It seeks to demonstrate that strong financial returns and positive impact can coexist, thereby mobilizing additional funding from other investors. FMO works with partners including European Development Finance Institutions, civil society organizations, and investors, targeting sectors such as agribusiness, energy, and financial institutions.
Source: firm website, verified Aug 17, 2026.
Team · 3 people
from the firm's website & public directoriesFounder mafia
2 people who came through FMO went on to found or lead other companies.
What they invest in
from 37 of 53 portfolio companiesFintech ×22Energy ×10Climate Tech ×9Impact & Social Good ×9Cleantech ×8SaaS ×7AgTech ×3AI & Machine Learning ×3
HQs:United States×9India×7United Kingdom×3Sri Lanka×2Singapore×2Egypt×1
Investments · 53 tracked
founders shown can be your intro pathBy year:2026 · 82024 · 22023 · 32022 · 22021 · 52019 · 32018 · 22016 · 126 dated
AfricInvest Private Credit is a non-bank financial institution providing debt financing to small and medium enterprises across Africa.
AgTechFintechImpact & Social GoodParis, FR
Co-investorsBNP ParibasBpifranceEquitaneProparcoAHL Venture Partners
Bank-Genie is a technology solutions provider serving commercial, retail, and microfinance institutions across West Africa, East Africa, Southeast Asia, Central Asia, and Russia with digital banking platforms and transformation services.
Enterprise SoftwareFintechImpact & Social GoodSaaSSingapore, IN
RaghuRam Sharma(Chief Executive Officer & Founder)in
Co-investorsSBI Ven Capital
First Guardian Equities is a Sri Lankan stockbroker offering investment advisory and secure trading platforms for individuals and institutions.
FintechColombo, LK
Rohan Goonewardene(Managing Director and CEO)
BoardJeyantha Fernando(Chairman)
Co-investorsSBI Ven Capital
MAS Financial is an Indian non-banking lender operating since 1995, offering financing products such as personal loans, two-wheeler loans, used car loans, business loans, commercial vehicle loans, machinery loans, housing loans, and loans against property.
Fintech
Co-investorsLok Capital
The Meloy Fund is an impact investment fund focused on supporting fishing and seafood enterprises in the Philippines and Indonesia that adopt sustainable practices and improve livelihoods for local fishers.
AgTechClimate TechFoodTechImpact & Social GoodArlington, ID
Co-investorsCeniarth
ZIZ is a diversified electricity company based in Chad that develops, finances, builds, and operates hybrid power plants and urban metro-grids serving secondary cities of over 25,000 inhabitants.
CleantechClimate TechEnergy
Co-investorsProparcoAster CapitalE3 Capital
The ALCB Fund is a pan-African investor in local-currency corporate bonds that acts as an anchor investor and provides technical assistance to help African issuers, investors, and intermediaries bring new bond transactions to market.
FintechImpact & Social GoodSector Agnostic
Co-investorsFSD Africa Investments
BECIS Bioenergy Solutions is an Energy-as-a-Service provider that finances, develops, and operates onsite biomass steam plants for manufacturing facilities, converting agricultural byproducts into renewable heat.
Advanced ManufacturingCleantechClimate TechEnergyIoTSingapore, SG
Eren Ergin(CEO)in
Co-investorsPrivate Infrastructure Development Group
Seattle, US
Sean Abdul-Hamid(Executive Officer, Director)
Co-investorsCathay InnovationLightboxLightrockStride Ventures
Credrails provides a financial data aggregation and reconciliation platform that integrates data from multiple sources and formats to give finance teams real-time cash balance visibility, automated audit trails, and consolidated statements.
Data & InfrastructureEnterprise SoftwareFintechSaaS
Clara Wanjiku Odero(Founder)Nnamdi Umunna(Founder)Sam Njuguna(Founder)
Co-investorsAcasia VenturesCairo Angels Syndicate FundFirst CircleNorrsken22Samos InvestmentsSoftBank Investment Advisers’ Emerge Program+2 more
Dopay is a payroll management platform that enables companies to register employees and disburse salaries digitally with no minimum employee or salary requirements.
FintechHR TechSaaSLondon, GB
Co-investorsKube VCQVenturesSuperSeedTechstarsACE & CompanyForce Over Mass Capital
The company builds a software stack for energy logistics, including real-time monitoring, control, and SCADA systems with a data historian for pipeline and terminal operations in the oil and gas sector.
EnergyEnterprise SoftwareSaaS
Co-investorsInvernessAbstract VenturesAl Mada VenturesBritish International InvestmentBroadscaleEqual Ventures+3 more
Finvest provides a digital platform for wealth management, offering access to fixed-income investments like Treasury Bills alongside tools for managing spending, saving, and investing.
FintechSan Francisco, US
Shivam Bharuka(Founder)inArnav Sahu(Advisor)inSanchit NarangAnmol Verma(Founding Member)
Co-investorsPioneerY CombinatorFractalFresh VCOlive Tree CapitalSymbiotics+1 more
FMO Privium Impact Fund is a Dutch investment fund (fonds voor gemene rekening) registered with the Dutch Authority for the Financial Markets, offering participations to investors.
FintechImpact & Social Good
Co-investorsCeniarthPRIVIUM FUND
Husk Power Systems operates a distributed energy resources (DER) platform that deploys solar and battery storage to deliver clean electricity to communities, commercial and industrial enterprises, and households across Africa and Asia.
CleantechClimate TechEnergyFort Collins, US
MANOJ SINHA(Executive Officer, Director)inBRAD MATTSON(Director)MARKUS WILKENS(Director)LOIC DE FONTAUBERT(Director)MONISOLA OLAREWAJU(Director)
BoardPRADEEP PURSNANI(Director)
Co-investorsDraper AssociatesCisco InvestmentsDraper Fisher Jurvetson (DFJ)International Finance CorporationProparcoShell Ventures
Innoviti provides payment acceptance solutions for Indian businesses, enabling them to accept multiple payment methods including cards, UPI, and loyalty points.
FintechRetail TechIndia, IN
Rajeev Agrawal(Founder)
Co-investorsAlumni VenturesBessemer Venture PartnersSBI Ven CapitalTrifecta Capital AdvisorsPanthera Growth Partners
LB Al-Salamah offers Wakala, a Shari'ah-compliant investment model where investors appoint the company as an agent to manage funds according to Islamic finance principles.
Fintech
Co-investorsSwedfund International ABBlueOrchard Finance S ANorfund
liwwa operates a peer-to-peer lending platform that connects retail investors with small and medium-sized enterprises seeking funding.
B2B MarketplacesFintechMarketplacesRego Park, US
Samer Atiani(Executive Officer, Director, Promoter)inAhmed Moor(Executive Officer, Director, Promoter)
Co-investorsDASH VenturesSilicon BadiaBank al EtihadJordan Kuwait BankProparcoTriple Jump
Lula provides maintenance coordination and vendor sourcing solutions for rental property managers dealing with labor shortages and supply chain constraints.
B2B MarketplacesPropTechSaaS
Co-investorsRET VenturesVictorumLightrockQuona Capital
Moneytor is an Indian software platform that automates debt collection workflows for lenders.
Fintech
Anubhav SinghAyush Srivastava
Co-investors500 GlobalDuriansEndeavor CatalystGlobal VenturesNovastar VenturesOui Capital+1 more
Mosa Meat is a company developing cultivated meat.
BiotechClimate TechFoodTech
Mark Post(Founder)Mark W. Post(Founder)Peter Verstrate(Founder)
Co-investorsAgronomicsArcTern VenturesBlue Horizon CorporationCollateral GoodLowercarbon CapitalM Ventures+8 more
Nithio provides a risk analytics engine and AI models that assess household-level credit risk, structure financing, and monitor portfolio and impact performance for climate solutions.
AI & Machine LearningCleantechClimate TechEnergyFintechImpact & Social GoodWashington, US
Hela Cheikhrouhou(Executive Officer, Director)
BoardBobby J. Pittman(Director)inQueen Nworisara-Quinn(Director)
Co-investorsKupanda CapitalShell FoundationElevar EquityEmerson Collective Investing
Northern Arc provides retail credit access to under-served households and businesses in India, operating across sectors including MSME financing, microfinance, consumer finance, vehicle finance, affordable housing finance, and agriculture finance.
Climate TechFintechImpact & Social Good
Co-investorsAccion
Odyssey unlocks capital for the distributed energy sector in growth markets, enabling clean energy projects to be developed and financed faster.
CleantechClimate TechEnergyFintechBoulder, US
EmilyinPiyushinElissainPiyush Mathur(Executive Officer, Director)inEmily McAteer(Executive Officer, Director)inCatherine Zoi(Director)
Co-investorsAbstract VenturesBroadscaleEqual VenturesEquatorFJ LabsTwelve Below+2 more
Okra designs and deploys renewable energy microgrids and software for remote communities in developing regions.
CleantechEnergyIoT
Co-investorsAt One VenturesAutodesk FoundationSDGxExplorer Investments
Sahyadri Farms grows and processes fruits, vegetables, and value-added products including fresh produce, dried fruits, juices, and bioactive ingredients.
Advanced ManufacturingAgTechCircular EconomyFoodTechImpact & Social GoodNashik, IN
Vilas Shinde(Founder)in
Global solar company developing and building solar farms and rooftops; sold to Statkraft for GBP 117.7m in 2020.
Co-investorsVantagePoint Capital PartnersZouk Capital
Solarcentury Africa provides end-to-end energy solutions across Africa, including design, engineering, and commercial structuring for renewable energy projects.
CleantechClimate TechEnergy
Tagaddod collects and aggregates renewable feedstocks such as used cooking oil, acid oils, and waste oils and fats, supplying them to the global biofuels industry through digital collection platforms and traded supply chains.
Circular EconomyCleantechEnergyCairo, EG
Co-investorsA15LoftyInc CapitalVKAV (Verod-Kepple Africa Ventures)
TIG Foundation develops frameworks and protocols for distributed incentive systems and decentralized coordination.
AI & Machine LearningCrypto & Web3Data & InfrastructureDeep TechLondon, GB
Dr. John Fletcher(CEO & Co-Founder)Ying(CTO & Co-Founder)
Co-investorsARKN venturesRockawayXImpact Fund Denmark
Twinco Capital provides supply chain financing that funds suppliers from purchase order through invoice payment, helping corporates build competitive and socially responsible supply chains.
FintechSaaSMadrid, ES
Sandra Nolasco(Founder)inCarmen Marin(Leadership)inArancha Díaz-Llado(Leadership)inMariano(Leadership)Jorge(Leadership)Miguel(Leadership)
Co-investorsElevate Innovation PartnersFinch CapitalMundi VenturesQuona CapitalWorking Capital Fund
UGRO Capital Limited is an Indian company that raises funds through debt securities (non-convertible debentures) under SEBI regulations.
AI & Machine LearningData & InfrastructureFintech
Co-investorsElevate Innovation PartnersIFU
Uganda Bankers Association hosts an annual conference bringing together financial regulators, banking practitioners, and industry experts to discuss sustainability and trends in banking and finance.
FintechKampala, UG
Validus provides financing solutions for small and medium-sized enterprises and dealers across Southeast Asia.
FintechSingapore, SG
Nikhilesh Goel(Founder)in
Co-investorsGlobal BrainK3 VenturesOpenspace VenturesValidusVertex Ventures Sea Management Pte. Ltd.AddVentures by SCG+3 more
Peer-to-business lending marketplace offering SME supply chain and short/medium-term financing via an online aggregator platform.
Co-investorsVertex Ventures Sea Management Pte. Ltd.AddVentures by SCGOpenspace VenturesVertex VenturesVinaCapital Ventures
Watu is an asset financier providing financing for motorcycles, three-wheelers and smartphones, with a focus on mobility and connectivity.
FintechImpact & Social GoodMobility & Transportation
Co-investorsAHL Venture PartnersLendableMetierVerdant Capital
Yoco is a South African fintech company offering payment processing and point-of-sale solutions for businesses.
FintechRetail TechSaaSCape Town, ZA
Katlego Maphai(Founder)inBradley Wattrus(Founder)inLungisa Matshoba(Founder)inCarl Wazen(Founder)
Co-investors4DX VenturesCRE Venture CapitalHarambeans Prosperity FundMusha VenturesPartech VenturesQuona Capital+5 more
Zola provides online wedding planning tools and resources that guide couples from engagement through marriage, including save-the-date creation, gift registration, and wedding etiquette guidance.
B2B MarketplacesConsumerMarketplacesNew York, US
Shan-Lyn Ma(Founder)Nobu Nakaguchi(Founder)inKevin P. Ryan(Founder)Rachel Jarrett(Founder)
BoardKevin Ryan(Director)inJoshua Kushner(Director)
Co-investorsAlleyCorpAnsa CapitalBAM VenturesBBG VenturesCanvas VenturesComcast Ventures+13 more
Solar and battery energy company selling PAYGo home and business power systems across Africa and other emerging markets.
Co-investorsAster CapitalHelios Digital VenturesUnreasonableZouk CapitalDBL PartnersE3 Capital+2 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ACON Injectable Investors IAlgebra Ventures II BVATOME PARAGUAY SAEBAF Vietnam Agriculture Joint Stock CompanyBanco Macro Sociedad AnonimaEcofyEswaran Brothers Exports (Pvt) LtdGledhow Sugar Company Proprietary LimitedGlobal Gender-Smart Fund SA., SICAV-SIFGlobal Green Bond Initiative Feeder Fund, SA SICAV-RAIFGreenlight PlanetKiva Refugee Investment Fund II, LLCNMB FoundationThe Mauritius Commercial Bank Limited
Portfolio news
latest coverage across their companiesNithio · get-invest.eu · Sep 9, 2026
Mosa Meat · eu-startups.com · Dec 23, 2025
Frequently asked questions
- How many investments has FMO made?
- FMO has 53 tracked investments, 1 of which have exited, including 9 dated in the last 24 months.
- What stage does FMO invest at?
- FMO invests at the Growth stage.
- What sectors does FMO focus on?
- FMO focuses on Advanced Manufacturing, AgTech, Cleantech, Climate Tech, Energy, Fintech, FoodTech, Impact & Social Good, Sector Agnostic.
- Where is FMO located?
- FMO is headquartered in The Hague, NL.
- Does FMO lead rounds?
- FMO has led 8 of the 20 rounds where its role is on record.
- Who does FMO co-invest with?
- FMO most often shares deals with Abstract Ventures, Equal Ventures, FJ Labs, among 8 tracked co-investors.
Media · Podcasts & interviews
from their channelAfrican Cheetahs Roundtable 2026
FMO - the Dutch entrepreneurial development bank
Future of Energy 2026 - wrap up video
FMO - the Dutch entrepreneurial development bank
Why Biodiversity Matters in Renewable Energy Development
FMO - the Dutch entrepreneurial development bank
Scaling Commercial Capital for Deforestation-Free Supply Chains
FMO - the Dutch entrepreneurial development bank
Climate Investor Playbook | How to approach climate investing
FMO - the Dutch entrepreneurial development bank
Climate Investor Playbook | Climate adaptation and resilience investing
FMO - the Dutch entrepreneurial development bank
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