Investments
22Portfolio Exits
4Funds
4Partners & Customers
2About IFU
IFU (Investment Fund for Developing Countries) provides advisory services and risk capital to Danish companies wishing to set up operations in developing countries. IFU invests on a commercial basis by committing equity capital or by providing loans or guarantees to project companies, the purpose being to promote development in host countries.
IFU Investments
22 Investments
IFU has made 22 investments. Their latest investment was in Bright as part of their Series C on July 7, 2023.
IFU Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/27/2023 | Series C | Bright | $35.5M | Yes | Daniel Servitje, Inter-American Development Bank, Leonardo DiCaprio, and Undisclosed Investors | 3 |
7/3/2023 | Unattributed - III | Arohan Financial Services | $24M | Yes | 1 | |
4/11/2023 | PIPE - III | UGRO Capital | $29.24M | Yes | 2 | |
3/2/2023 | Unattributed - II | |||||
11/7/2022 | Project Finance |
Date | 7/27/2023 | 7/3/2023 | 4/11/2023 | 3/2/2023 | 11/7/2022 |
|---|---|---|---|---|---|
Round | Series C | Unattributed - III | PIPE - III | Unattributed - II | Project Finance |
Company | Bright | Arohan Financial Services | UGRO Capital | ||
Amount | $35.5M | $24M | $29.24M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Daniel Servitje, Inter-American Development Bank, Leonardo DiCaprio, and Undisclosed Investors | ||||
Sources | 3 | 1 | 2 |
IFU Portfolio Exits
4 Portfolio Exits
IFU has 4 portfolio exits. Their latest portfolio exit was CleanMax on April 24, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
4/24/2023 | Acq - Fin - II | 2 | |||
Date | 4/24/2023 | |||
|---|---|---|---|---|
Exit | Acq - Fin - II | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 2 |
IFU Fund History
4 Fund Histories
IFU has 4 funds, including SDG Investment Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
2/1/2019 | SDG Investment Fund | $744.29M | 2 | ||
1/14/2016 | Danish Agribusiness Fund I | ||||
1/13/2014 | Danish Climate Investment Fund | ||||
IFU Investment Partners |
Closing Date | 2/1/2019 | 1/14/2016 | 1/13/2014 | |
|---|---|---|---|---|
Fund | SDG Investment Fund | Danish Agribusiness Fund I | Danish Climate Investment Fund | IFU Investment Partners |
Fund Type | ||||
Status | ||||
Amount | $744.29M | |||
Sources | 2 |
IFU Partners & Customers
2 Partners and customers
IFU has 2 strategic partners and customers. IFU recently partnered with European Energy on October 10, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
10/12/2021 | Partner | Denmark | European Energy wins 82 MW at auction in Brazil with Nordic Power Partners — European Energy Nordic Power Partners is a collaboration between European Energy and the Danish Climate Investment Fund which is managed by the Investment Fund for Developing Countries . | 1 | |
4/10/2018 | Partner |
Date | 10/12/2021 | 4/10/2018 |
|---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | Denmark | |
News Snippet | European Energy wins 82 MW at auction in Brazil with Nordic Power Partners — European Energy Nordic Power Partners is a collaboration between European Energy and the Danish Climate Investment Fund which is managed by the Investment Fund for Developing Countries . | |
Sources | 1 |
IFU Team
3 Team Members
IFU has 3 team members, including current Managing Director, Frank Norman Larsen.
Name | Work History | Title | Status |
|---|---|---|---|
Frank Norman Larsen | Managing Director | Current | |
Name | Frank Norman Larsen | ||
|---|---|---|---|
Work History | |||
Title | Managing Director | ||
Status | Current |
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