Investments
28Funds
1Partners & Customers
7About Norfund
Norfund is a Norwegian fund for developing countries that invests in the establishment and development of profitable and sustainable enterprises in developing countries. Norfund provides equity, other risk capital, and loans to companies in selected countries and sectors where businesses lack access to sufficient capital to develop and grow. The sectors in which Norfund invests are clean energy, financial institutions and agribusiness, in addition to small and medium sized companies through investment funds.
Norfund Headquarter Location
Fridjjof Nansens plass 4
Oslo, N-0160,
Norway
+47 22 01 93 93
Norfund Web Traffic
Norfund Rank
Latest Norfund News
May 6, 2022
20 Apr 2022 Norfund, a Norwegian Investment Fund for Developing Countries, has invested $8 million South Africa-based raisin processor and distributor Redsun Dried Fruit and Nuts (“Redsun”), a portfolio company of One Thousand and One Voices (1K1V). Redsun, located along the banks of the Orange River, is expanding its operations with two new state-of-the-art facilities, that will help it to grow its market share in the $33 billion healthy snacks market. 1K1V’s portfolio companies, including Redsun, have exported over $60 million worth of products from Africa to over 35 countries. The growth investment by Norfund will enable Redsun to double its current capacity by building the sole raisin processing facility in Vredendal, the fastest-growing frontier for raisin production in South Africa. Redsun is also diversifying its dried fruit and nut offering by building a pecan nut facility adjacent to its Keimoes raisin facility as it entrenches itself in the fastest growing crop along the Orange River.
Norfund Investments
28 Investments
Norfund has made 28 investments. Their latest investment was in RedSun Raisins as part of their Private Equity - II on April 4, 2022.
Norfund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/19/2022 | Private Equity - II | RedSun Raisins | $8M | Yes | 1 | |
4/8/2022 | Unattributed | Continental Blue Investments | $27.9M | Yes | 1 | |
3/4/2022 | Private Equity | H1 Holdings | Yes | 1 | ||
2/24/2022 | Private Equity | |||||
1/12/2022 | Unattributed VC |
Date | 4/19/2022 | 4/8/2022 | 3/4/2022 | 2/24/2022 | 1/12/2022 |
---|---|---|---|---|---|
Round | Private Equity - II | Unattributed | Private Equity | Private Equity | Unattributed VC |
Company | RedSun Raisins | Continental Blue Investments | H1 Holdings | ||
Amount | $8M | $27.9M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
Norfund Acquisitions
3 Acquisitions
Norfund acquired 3 companies. Their latest acquisition was Terramar Group on March 25, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
3/25/2022 | Acq - Fin | 1 | ||||
4/22/2020 | ||||||
4/3/2018 |
Date | 3/25/2022 | 4/22/2020 | 4/3/2018 |
---|---|---|---|
Investment Stage | |||
Companies | |||
Valuation | |||
Total Funding | |||
Note | Acq - Fin | ||
Sources | 1 |
Norfund Fund History
1 Fund History
Norfund has 1 fund, including Nordic Horn of Africa Opportunities Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
Nordic Horn of Africa Opportunities Fund | Early-Stage Venture Capital | Open | 2 |
Closing Date | |
---|---|
Fund | Nordic Horn of Africa Opportunities Fund |
Fund Type | Early-Stage Venture Capital |
Status | Open |
Amount | |
Sources | 2 |
Norfund Partners & Customers
7 Partners and customers
Norfund has 7 strategic partners and customers. Norfund recently partnered with Norsk Solar on March 3, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
3/1/2022 | Partner | Norway | Norfund Partners with Norsk Solar to meet growing demand for renewable power in Vietnam - Norfund The investment establishes a new partnership between Norfund , Norsk Solar and Finnfund and gives Norfund a 35 percent ownership stake in one of the largest single-client rooftop solar PV systems in Vietnam . | 1 | |
11/3/2021 | Partner | ||||
4/1/2017 | Partner | ||||
9/6/2016 | Vendor | ||||
8/30/2014 | Partner |
Date | 3/1/2022 | 11/3/2021 | 4/1/2017 | 9/6/2016 | 8/30/2014 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Vendor | Partner |
Business Partner | |||||
Country | Norway | ||||
News Snippet | Norfund Partners with Norsk Solar to meet growing demand for renewable power in Vietnam - Norfund The investment establishes a new partnership between Norfund , Norsk Solar and Finnfund and gives Norfund a 35 percent ownership stake in one of the largest single-client rooftop solar PV systems in Vietnam . | ||||
Sources | 1 |
Norfund Team
6 Team Members
Norfund has 6 team members, including current Chief Executive Officer, Per Emil Lindoe.
Name | Work History | Title | Status |
---|---|---|---|
Per Emil Lindoe | Chief Executive Officer | Current | |
Tellef Thorleifsson | Voxtra, and Northzone Ventures | Chief Executive Officer | Current |
Sandersen Erik | Incitia Ventures, Icon Medialab Capital, The Boston Consulting Group, and Accenture | Executive Vice President | Current |
Kjell Roland | Managing Director | Current | |
Finn Ivar Marum | Kistefos Venture Capital, and Ernst & Young | Executive Vice President | Former |
Name | Per Emil Lindoe | Tellef Thorleifsson | Sandersen Erik | Kjell Roland | Finn Ivar Marum |
---|---|---|---|---|---|
Work History | Voxtra, and Northzone Ventures | Incitia Ventures, Icon Medialab Capital, The Boston Consulting Group, and Accenture | Kistefos Venture Capital, and Ernst & Young | ||
Title | Chief Executive Officer | Chief Executive Officer | Executive Vice President | Managing Director | Executive Vice President |
Status | Current | Current | Current | Current | Former |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.