Norway · Investor

Norfund

Last cheque observed Aug 2026; 8 cheques on record.

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Deploying nowVC firm

SeedSeries ASeries BRenewable EnergyFinancial InclusionScalable Enterprises

Deploying now
33%of best year1cheques in 12 months, 8 on record
Since the last cheque64days00hrs00min00sec
Median round$35MRounds led2 of 8Mostly inNigeria, 25%
Pitch Norfund

Norfund highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Series A and Debt: 50% of its rounds

  3. 03

    Led 2 rounds

What they do

Norwegian investment fund for developing countriesFrom their own website
Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowth
Sectors
Renewable EnergyFinancial InclusionScalable Enterprises
Based in
Oslo, Norway
Cold pitches
Not stated

The record

Every round we can evidence, newest first8 appearances

  1. 2026

    1 round

  2. Aug
    Erco EnergíaSeries C · CO · Contxto$129MWith 3 others
  3. 2025

    2 rounds

  4. Jun
    WaveDebt · SN · TechCabal$137MWith 3 others
  5. Apr
    OmniRetailSeries A · NG · Disrupt Africa$20MLed
  6. 2024

    1 round

  7. Jul
    XuryaGrowth · ID · Clime Capital$55MLed
  8. 2019

    1 round

  9. Jun
    ArnergySeries A · NG · TechCabal$9.0MWith 3 others
  10. 2018

    2 rounds

  11. Dec
    d.lightUS · DealStreetAsia$41MWith 3 others
  12. Apr
    Yoma Micro PowerMM · DealStreetAsia$28MWith 3 others
  13. 2017

    1 round

  14. Jan
    d.lightGrant · US · FinSMEs$11MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 1 person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Funds they back

6 fund commitments on record

Managers
4

Every fund on record that it has committed money to, and the managers who invest it.Source: fund news.

Who they invest alongside

The investors most often in the same rounds as Norfund. A count of rooms they were both in, not a relationship either has claimed.

British International InvestmentGovernment2rounds together

Recently backed

The latest companies Norfund put money into.

Wave$137M · Jun 2025OmniRetail$20M · Apr 2025Xurya$55M · Jul 2024Arnergy$9.0M · Jun 2019d.light$41M · Dec 2018Yoma Micro Power$28M · Apr 2018

Quick answers about Norfund

What does Norfund invest in?

Norfund invests most often at Series A and Debt (50% of the rounds on record), in sectors such as Renewable Energy, Financial Inclusion and Scalable Enterprises.

How active is Norfund?

8 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Aug 2026.

What has Norfund invested in recently?

Its most recent investments on record: Erco Energía (Series C, Aug 2026), Wave (Debt, Jun 2025) and OmniRetail (Series A, Apr 2025).

How big are Norfund's cheques?

The median round it joins is $35M.

Does Norfund lead rounds?

Yes: it led 2 of its 8 investments on record (25%).

Where does Norfund invest?

Most of the companies it backs are in Nigeria (25%), the United States (25%) and Colombia (13%).

Is Norfund investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does Norfund invest alongside?

Most often British International Investment (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it