About Norfund
Norfund is a company based in Oslo (Norway) founded in 1998 was acquired by First Financial Equipment Leasing in December 2022. Norfund has completed 4 acquisitions, including FES Africa, Globeleq and SNPower. Norfund offers products and services including Renewable Energy Investments and Financial Inclusion Services.
- Headquarter Oslo, Norway
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name The Norwegian Investment Fund For Developing Countries
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Annual Revenue
$147.37 M (USD)45as on Dec 31, 2023
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Net Profit
$179.75 M (USD)-15as on Dec 31, 2023
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EBITDA
$167.3 M (USD)-7as on Dec 31, 2023
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Latest Funding Round
$79.25 K (USD), Grant
Mar 01, 2023
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Investors
European Union
& 1 more
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Employee Count
Not available
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Investments & Acquisitions
FES Africa
& 3 more
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Acquired by
First Financial Equipment Leasing
(Dec 08, 2022)
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Products & Services of Norfund
Norfund offers a comprehensive portfolio of products and services, including Renewable Energy Investments and Financial Inclusion Services.
Investments are made in renewable energy projects to promote sustainable development in developing countries.
Services are provided for financial inclusion to enhance access in developing regions.
People of Norfund
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Funding Insights of Norfund
Investors in Norfund
Norfund has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and First Financial Equipment Leasing.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Locked | Locked | Locked | |
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Equipment leasing and financing services for healthcare, technology, and construction sectors.
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Locked | Locked | Locked |
Investor details for Norfund
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Investments & Acquisitions by Norfund
Norfund has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include FES Africa, Globeleq and SNPower.
Investment portfolio details for Norfund
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Producer, processor & exporter of fresh vegetables and exotic fruits
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Locked | Locked | 2010 | Locked | |
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Diverse power plants in Africa are developed and operated.
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Locked | Locked | 2002 | Locked | |
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Hydropower plants in emerging markets are developed and managed.
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Locked | Locked | 2002 | Locked |
Complete acquisition details for Norfund
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Financial Statements - Norfund
Detailed financials for Norfund
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Norfund Comparisons
Peer comparison for Norfund
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Competitors of Norfund
Detailed competitors of Norfund
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Latest news on Norfund
Complete news archive for Norfund
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Frequently Asked Questions about Norfund
Norfund was founded in 1998 and raised its 1st funding round 21 years after it was founded.
Norfund is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Tellef Thorleifsson is the current CEO of Norfund.
Annual revenue of Norfund is $147.37M as on Dec 31, 2023.
It invests in developing countries to create jobs and improve lives. The organization focuses on providing equity capital and other risk capital to build sustainable businesses and industries. Its investment areas include renewable energy, financial inclusion, scalable enterprises, and green infrastructure. A key objective is to support the transition to net zero emissions by investing in renewable energy projects in emerging markets. It works as a responsible minority investor, collaborating closely with local partners to develop solutions tailored to the specific needs of each country. Profitability is a crucial factor, ensuring the long-term sustainability of its investments and enabling the reinvestment of capital into new opportunities. The organization also aims to add non-financial value through expertise and active ownership, enhancing both profitability and development impact.
Norfund offers Renewable Energy Investments and Financial Inclusion Services.
Norfund has made 4 acquisitions, including FES Africa, Globeleq, and SNPower.
Norfund has 2 investors. Key investors include European Union, and First Financial Equipment Leasing.