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Private Equity
FINANCE | Investment Firms & Funds
norfund.no

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Investments

28

Funds

1

Partners & Customers

7

About 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

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Norfund Web Traffic

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Page Views per Million (PVPM)
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Norfund Rank

Latest Norfund News

Norfund makes US$8mn investment in 1K1V's Redsun Dried Fruit and Nuts

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.

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Norfund Investments Activity

investments chart

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

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$99M

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10

1/12/2022

Unattributed VC

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$99M

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10

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

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Amount

$8M

$27.9M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

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

$99M

Acq - Fin

1

4/22/2020

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$99M

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10

4/3/2018

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$99M

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10

Date

3/25/2022

4/22/2020

4/3/2018

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

1

10

10

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

Australia, United Kingdom, and Finland

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10

4/1/2017

Partner

Norway

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10

9/6/2016

Vendor

Norway

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10

8/30/2014

Partner

Norway

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10

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

Australia, United Kingdom, and Finland

Norway

Norway

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 .

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Sources

1

10

10

10

10

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

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