Norfund
Government fundOslo · Growth–Late Stage
Investment thesis
Norfund operates under a development mandate aimed at job creation and improving livelihoods, focusing on around 30 core investment countries primarily in Sub-Saharan Africa, plus selected countries in Asia and Latin America. Under a separate climate mandate, it backs the transition to net zero by investing in 13 core countries across North and Southern Africa and South and Southeast Asia. Norfund also holds a dedicated mandate to help build sustainable businesses in Ukraine. As a development finance institution, its investments are oriented toward impact, sustainability, and economic development in emerging markets.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 5 of 5 portfolio companiesAdvanced Manufacturing ×1AgTech ×1B2B Marketplaces ×1Cleantech ×1Climate Tech ×1Energy ×1Fintech ×1FoodTech ×1
HQs:Côte d’Ivoire×1Norway×1South Africa×1
Investments · 5 tracked
founders shown can be your intro pathValency International operates cashew processing facilities, including a large-scale plant in Ivory Coast that processes 45,000 metric tons of raw cashews annually, and plans a bioproducts plant to convert agricultural waste into biochar and biofuels.
Advanced ManufacturingAgTechFoodTech
PK Jain(Chairman)Sumit Jain(CEO)
OmniRetail operates a network-based B2B platform connecting manufacturers, distributors, and retailers across Africa's informal and formal trade sectors.
B2B MarketplacesFintechLogistics & Supply Chain
Co-investorsGoodwell InvestmentsShell FoundationVentures PlatformAlitheia CapitalAruwa Capital
Panorama Nyheter is a Norwegian news outlet covering international development, humanitarian aid, global politics, and foreign affairs.
Media & Entertainment
Portfolio news
latest coverage across their companiesCandi · homenewspa.com · Aug 12, 2026
Omniretail · techcrunch.com · Apr 28, 2025
Frequently asked questions
- What stage does Norfund invest at?
- Norfund invests at the Growth, Late Stage stages.
- What is Norfund's typical check size?
- Norfund typically writes checks of $5M – $50M.
- What sectors does Norfund focus on?
- Norfund focuses on AgTech, B2B Marketplaces, Cleantech, Climate Tech, Energy, Fintech, Impact & Social Good, Sector Agnostic.
- Where is Norfund located?
- Norfund is headquartered in Oslo, NO.
- Does Norfund lead rounds?
- Norfund typically participates in rounds rather than leading them.
Media · Podcasts & interviews
from their channelYour call: responsible ownership part 1
NorfundVideo
Erik Sandersen and State Secretary Håheim Norfund Conference 2026
NorfundVideo
Tellef Thorleifsson's opening
NorfundVideo
Hard lessons on empowerment
NorfundVideo
Your call: responsible ownership part 2
NorfundVideo
Who wants to pay taxes?
NorfundVideo
Images
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