# PROPARCO: portfolio, investments and team > PROPARCO is a government based in France. 15 investments on record, 9 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/proparco (Millionrounds; every figure on the page links to its filing or article) France · [Investor](https://millionrounds.com/investors) # PROPARCO Last cheque observed Oct 2026; 15 cheques on record. Email Deploying now Government Debt Agriculture Urban_development Education Follow PROPARCO and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fproparco) Deploying now **100%** of best year **9** **cheques in 12 months**, 15 on record Since the last cheque **18** days **00** hrs **00** min **00** sec Median round **$15M** Rounds led **2 of 15** Sole investor **3 rounds** Mostly in **Kenya, 21%** Pitch PROPARCO ## PROPARCO highlights - 01 9 cheques in the last 12 months - 02 Mostly Series A and Debt: 78% of its rounds - 03 Sole investor in 3 rounds, median $15M ## What they do > Filiale du groupe AFD, ses interventions visent à renforcer la contribution des acteurs privés à la réalisation des Objectifs de développement durable (ODD). From their own website - **Type:** Government - **Cheque size:** Not stated - **Stages:** Debt - **Sectors:** Agriculture Urban_development Education - **Based in:** Paris, France - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **15 appearances** - **2026** 8 rounds - **Oct** **[CarbonFarm](https://millionrounds.com/company/carbonfarm)** Series A · FR · ElectriFI **$7.8M** With 10 others - **Sept** **[ERCO Energia S.A.S.](https://millionrounds.com/company/erco-energia-s-a-s)** CO · ElectriFI **Undisclosed** With 2 others - **Sept** **[ARC Ride](https://millionrounds.com/company/arc-ride)** Growth · KE · Disrupt Africa **$33M** With 8 others - **Aug** **[BioVac](https://millionrounds.com/company/biovac)** Debt · ZA · ElectriFI **$15M** *Led* - **Aug** **[Africa50](https://millionrounds.com/company/africa50)** Disrupt Africa **$50M** With 1 other - **Jul** **[Acumen Capital Partners (manager of ARAF II)](https://millionrounds.com/company/acumen-capital-partners-manager-of-araf-ii)** US · QRM Capital **$65M** With 5 others - **May** **[Cauridor](https://millionrounds.com/company/cauridor)** Series A · CI · Disrupt Africa **$2.0M** *Led* - **Mar** **[littlefish](https://millionrounds.com/company/littlefish)** Series A · ZA · Disrupt Africa **$9.5M** With 3 others - **2025** 4 rounds - **Dec** **[BasiGo](https://millionrounds.com/company/basigo)** KE · Disrupt Africa **Undisclosed** With 2 others - **Oct** **[Moniepoint](https://millionrounds.com/company/moniepoint)** Series C · NG · Disrupt Africa **$200M** With 9 others - **Sept** **[Accion](https://millionrounds.com/company/accion)** US · Disrupt Africa **$62M** With 5 others - **Mar** **[Badili](https://millionrounds.com/company/badili)** Debt · KE · Disrupt Africa **$400K** With 3 others - **2024** 1 round - **Nov** **[Beacon Power Services](https://millionrounds.com/company/beacon-power-services)** Series A · NG · Disrupt Africa **Undisclosed** With 9 others - **2019** 1 round - **Nov** **[Avaada](https://millionrounds.com/company/avaada)** IN · Indianweb2 **$15M** Sole investor - **2014** 1 round - **Feb** **[NMB Bank](https://millionrounds.com/company/nmb-bank)** Debt · ZW **$10M** Sole investor 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 **20** people 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 ## 9 fund commitments on record - **Managers:** 7 Every fund on record that it has committed money to, and the managers who invest it. Source: fund news. Managers it backs most - [Novastar Ventures 2 funds](https://millionrounds.com/fund/novastar-ventures) - [Ventures Platform 2 funds](https://millionrounds.com/fund/ventures-platform-fund) - [Accion Venture Lab 1 fund](https://millionrounds.com/fund/accion-venture-lab) - [ALIVE Ventures 1 fund](https://millionrounds.com/fund/alive-ventures) - [Equator 1 fund](https://millionrounds.com/fund/equator-vc) - [LCP 1 fund](https://millionrounds.com/fund/lcp) - [Salt Capital 1 fund](https://millionrounds.com/fund/salt-capital) Most recent commitments - [Accion Accion Venture Lab Fund II, LP](https://millionrounds.com/fund/accion-venture-lab) - [Alive Ventures ALEG II](https://millionrounds.com/fund/alive-ventures) - [Equator first fund](https://millionrounds.com/fund/equator-vc) - [LCP LCP Fund II](https://millionrounds.com/fund/lcp) - [Novastar Ventures Africa People and Planet Fund III (NVIII)](https://millionrounds.com/fund/novastar-ventures) - [Novastar Ventures Novastar Ventures Africa People and Planet Fund III](https://millionrounds.com/fund/novastar-ventures) - [Salt Capital Salt Equity I Fund (SEQI)](https://millionrounds.com/fund/salt-capital) - [Ventures Platform Fund II](https://millionrounds.com/fund/ventures-platform-fund) - [Ventures Platform VP Pan-African Fund II](https://millionrounds.com/fund/ventures-platform-fund) ## The cheque Debt Median round joined **$15M** the round, not its cheque Alone, median **$15M** Led 2 of 15 rounds **13%** - **Sole investor:** 3 rounds - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series A *4* - Debt said *3* - Growth *1* - Series C *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [FMO](https://millionrounds.com/fund/fmo) 2 - [Finnfund](https://millionrounds.com/fund/finnfund) 2 - [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) 2 - [Partech Ventures](https://millionrounds.com/fund/partech) 2 - [Swedfund International](https://millionrounds.com/fund/swedfund-international) 2 **Pitching PROPARCO?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as PROPARCO. A count of rooms they were both in, not a relationship either has claimed. [**FMO** Government **2** rounds together](https://millionrounds.com/fund/fmo)[**Finnfund** Government **2** rounds together](https://millionrounds.com/fund/finnfund)[**International Finance Corporation** Government **2** rounds together](https://millionrounds.com/fund/international-finance-corporation-ifc)[**Partech Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/partech)[**Swedfund International** Fund of funds **2** rounds together](https://millionrounds.com/fund/swedfund-international) ## Recently backed The latest companies PROPARCO put money into. [**CarbonFarm** $7.8M · Oct 2026](https://millionrounds.com/company/carbonfarm)[**Africa50** $50M · Aug 2026](https://millionrounds.com/company/africa50)[**Cauridor** $2.0M · May 2026](https://millionrounds.com/company/cauridor)[**littlefish** $9.5M · Mar 2026](https://millionrounds.com/company/littlefish)[**BasiGo** Dec 2025](https://millionrounds.com/company/basigo)[**Accion** $62M · Sept 2025](https://millionrounds.com/company/accion) ## Quick answers about PROPARCO ### What does PROPARCO invest in? PROPARCO invests most often at Series A and Debt (78% of the rounds on record), in sectors such as Agriculture, Urban_development and Education. ### How active is PROPARCO? 15 investments on record, 9 of them in the last 12 months, and it led 2. The most recent was in Oct 2026. ### What has PROPARCO invested in recently? Its most recent investments on record: CarbonFarm (Series A, Oct 2026), ERCO Energia S.A.S. (Sept 2026) and ARC Ride (Growth, Sept 2026). ### How big are PROPARCO's cheques? The median round it joins is $15M. ### Does PROPARCO lead rounds? Sometimes: it led 2 of its 15 investments on record (13%). ### Where does PROPARCO invest? Most of the companies it backs are in Kenya (21%), South Africa (14%) and the United States (14%). ### Is PROPARCO investing now? Yes: it is actively investing, with 9 investments in the last 12 months. ### Who does PROPARCO invest alongside? Most often FMO (2 rounds together), Finnfund (2 rounds together) and International Finance Corporation (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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