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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Norfund
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $79,254
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First Round
First Round
(01 Nov 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Grant - Norfund | Valuation |
investors |
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| Nov, 2019 | Amount | Grant - Norfund | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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Equipment leasing and financing services for healthcare, technology, and construction sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Norfund
Norfund has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include FES Africa, Globeleq and SNPower. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2010 | ||||
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Diverse power plants in Africa are developed and operated.
|
2002 | ||||
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Hydropower plants in emerging markets are developed and managed.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Norfund
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Norfund Comparisons
Competitors of Norfund
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Norfund
Frequently Asked Questions about Norfund
When was Norfund founded?
Norfund was founded in 1998 and raised its 1st funding round 21 years after it was founded.
Where is Norfund located?
Norfund is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Norfund?
Tellef Thorleifsson is the current CEO of Norfund.
What is the annual revenue of Norfund?
Annual revenue of Norfund is $147.37M as on Dec 31, 2023.
What does Norfund do?
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.
What products or services does Norfund offer?
Norfund offers Renewable Energy Investments and Financial Inclusion Services.
How many acquisitions has Norfund made?
Norfund has made 4 acquisitions, including FES Africa, Globeleq, and SNPower.
Who are Norfund's investors?
Norfund has 2 investors. Key investors include European Union, and First Financial Equipment Leasing.
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