# FMO Portfolio Map 2026: 42 Startups by Sector > FMO's portfolio mapped: 42 startups it has backed, in 5 sectors from Fintech, Cleantech and Energy on. $3.0B raised between them; logos, funding and rounds. Source: https://millionrounds.com/portfolio-maps/fmo-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Fintech 14 - [Twinco Capital](https://millionrounds.com/company/twinco-capital) - [Lendable](https://millionrounds.com/company/lendable) - [InCred](https://millionrounds.com/company/incred) - [Yoco](https://millionrounds.com/company/yoco) - [NeoGrowth](https://millionrounds.com/company/neogrowth) - [Accion](https://millionrounds.com/company/accion) - [Ecofy](https://millionrounds.com/company/ecofy) - [Frontclear](https://millionrounds.com/company/frontclear) - [*VC* Validus Capital](https://millionrounds.com/company/validus-capital) - [HUB2](https://millionrounds.com/company/hub2) - [Ftcash](https://millionrounds.com/company/ftcash) - [Nomanini](https://millionrounds.com/company/nomanini) - [*F* Fido](https://millionrounds.com/company/fido) - [Credrails](https://millionrounds.com/company/credrails) ## Cleantech 10 - [Atome Energy](https://millionrounds.com/company/atome-energy) - [d.light](https://millionrounds.com/company/d-light) - [SolarSaver](https://millionrounds.com/company/solarsaver) - [Berkeley Energy Commercial Industrial Solutions (BECIS)](https://millionrounds.com/company/berkeley-energy-commercial-industrial-solutions-becis) - [Tagaddod](https://millionrounds.com/company/tagaddod) - [ORB Energy](https://millionrounds.com/company/orb-energy) - [Mekong Timber Plantations](https://millionrounds.com/company/mekong-timber-plantations) - [*H* Hydrobox](https://millionrounds.com/company/hydrobox) - [Easy Solar](https://millionrounds.com/company/easy-solar) - [Reduciner](https://millionrounds.com/company/reduciner) ## Energy 8 - [Genneia](https://millionrounds.com/company/genneia) - [Radiance Renewables](https://millionrounds.com/company/radiance-renewables) - [Solenium](https://millionrounds.com/company/solenium) - [Okra Solar](https://millionrounds.com/company/okra-solar) - [*M* Mobisol](https://millionrounds.com/company/mobisol) - [Nithio Holdings](https://millionrounds.com/company/nithio-holdings) - [SolarX Africa](https://millionrounds.com/company/solarx-africa) - [Lakeside Energy](https://millionrounds.com/company/lakeside-energy) ## Agtech 7 - [Sahyadri Farms](https://millionrounds.com/company/sahyadri-farms) - [Techcoop](https://millionrounds.com/company/techcoop) - [*D* Delta40](https://millionrounds.com/company/delta40) - [Nile.ag](https://millionrounds.com/company/nile-ag) - [Babban Gona](https://millionrounds.com/company/babban-gona) - [SolarCreed](https://millionrounds.com/company/solarcreed) - [AgriPlace](https://millionrounds.com/company/agriplace) ## AI 3 - [*N* Nile](https://millionrounds.com/company/nile) - [Lula](https://millionrounds.com/company/lula) - [*V* Validus](https://millionrounds.com/company/validus) ## Segment by segment ### Fintech 14 startups · $1.3B raised - [**Twinco Capital**](https://millionrounds.com/company/twinco-capital) Twinco Capital is a sustainable supply chain finance solution that specializes in purchase order financing for large corporates an Spain $422M - [**Lendable**](https://millionrounds.com/company/lendable) Lendable Ltd is a British fintech company based in London, specializing in digital consumer lending and personal finance solutions. United Kingdom $283M - [**InCred**](https://millionrounds.com/company/incred) InCred is a financial services platform that simplifies the lending process for personal, education, and business loans. India $147M - [**Yoco**](https://millionrounds.com/company/yoco) Yoco is a South African fintech company that specializes in point-of-sale payment hardware and software solutions for small and me South Africa $118M - [**NeoGrowth**](https://millionrounds.com/company/neogrowth) NeoGrowth is a non-deposit, NBFC registered with RBI that provides short-term business loans to merchants. India $99M - [**Accion**](https://millionrounds.com/company/accion) Accion is on a mission is to improve the lives of underserved people by building innovative and responsible financial solutions. United States $85M - [**Ecofy**](https://millionrounds.com/company/ecofy) Ecofy is a green-only NBFC in India, offering financial solutions for eco-friendly initiatives, including loans, leases, and insurance. India $41M - [**Frontclear**](https://millionrounds.com/company/frontclear) Frontclear is a financial markets development company focused on catalyzing stable Netherlands $30M ### Cleantech 10 startups · $927M raised - [**Atome Energy**](https://millionrounds.com/company/atome-energy) Atome Energy is the green hydrogen and ammonia project development company to create a greener, cleaner environment. United Kingdom $665M - [**d.light**](https://millionrounds.com/company/d-light) d.light designs, manufactures, and distributes solar lighting and power products, particularly targeting off-grid communities. United States $82M - [**SolarSaver**](https://millionrounds.com/company/solarsaver) SolarSaver offers customized solar photovoltaic and solar-battery hybrid solutions. South Africa $60M - [**Berkeley Energy Commercial Industrial Solutions (BECIS)**](https://millionrounds.com/company/berkeley-energy-commercial-industrial-solutions-becis) Berkeley Energy Commercial Industrial Solutions is a leading Energy as a Service provider. Singapore $45M - [**Tagaddod**](https://millionrounds.com/company/tagaddod) Tagaddod is a Cairo-based cleantech company founded in 2013, specializing in the collection and aggregation of renewable waste-bas Egypt $26M - [**ORB Energy**](https://millionrounds.com/company/orb-energy) Orb Energy provides affordable and renewable energy for off-grid households in India through solar home systems. India $15M - [**Mekong Timber Plantations**](https://millionrounds.com/company/mekong-timber-plantations) Mekong Timber Plantations operates as a forestry plantation company. Laos $12M - [*H* **Hydrobox**](https://millionrounds.com/company/hydrobox) Kenya $9.0M ### Energy 8 startups · $368M raised - [**Genneia**](https://millionrounds.com/company/genneia) Genneia operates as a renewable energy generation company. Argentina $185M - [**Radiance Renewables**](https://millionrounds.com/company/radiance-renewables) Radiance Renewables is one of India’s fastest-growing renewable energy solution providers. - $100M - [**Solenium**](https://millionrounds.com/company/solenium) Solenium is an energy company that installs mini-solar farms. Colombia $40M - [**Okra Solar**](https://millionrounds.com/company/okra-solar) Okra Solar is an Australian technology startup based in Sydney, founded in 2016. Australia $15M - [*M* **Mobisol**](https://millionrounds.com/company/mobisol) MobiSol - mobile and web software house. - $12M - [**Nithio Holdings**](https://millionrounds.com/company/nithio-holdings) Nithio Holdings a Washington, DC-based energy finance company focused on the off-grid sector in Africa. United States $10M - [**SolarX Africa**](https://millionrounds.com/company/solarx-africa) SolarX is a commercial and industrial (C&I) solar company Mauritius $5.3M - [**Lakeside Energy**](https://millionrounds.com/company/lakeside-energy) Lakeside Energy is a renewable energy company sponsored by Pakistan's Naveena Exports. Pakistan $1.7M ### Agtech 7 startups · $127M raised - [**Sahyadri Farms**](https://millionrounds.com/company/sahyadri-farms) Sahyadri Farms is a farmer producer and agricultural company. India $46M - [**Techcoop**](https://millionrounds.com/company/techcoop) TechCoop is an agrifintech for MSMEs, delivering a comprehensive solution package combining access to market. Vietnam $42M - [*D* **Delta40**](https://millionrounds.com/company/delta40) - $20M - [**Nile.ag**](https://millionrounds.com/company/nile-ag) Nile.ag is a South African agritech startup founded in 2021, with a mission to enhance the agricultural value chain across Africa. South Africa $11M - [**Babban Gona**](https://millionrounds.com/company/babban-gona) Babban Gona, meaning "Great Farm" in Hausa, is an agricultural social enterprise based in Lagos, Nigeria, with a primary hub in No Nigeria $7.5M - [**SolarCreed**](https://millionrounds.com/company/solarcreed) Designs, develops and sells consumer solar electronics for off-grid rural development in Africa - $145K - [**AgriPlace**](https://millionrounds.com/company/agriplace) AgriPlace has solutions that enable you to streamline your compliance process and manage your compliance information from farm to Netherlands $141K ### AI 3 startups · $313M raised - [*N* **Nile**](https://millionrounds.com/company/nile) South Africa $198M - [**Lula**](https://millionrounds.com/company/lula) Lula is a prominent South African fintech company focused on enhancing business banking and funding for Small and Medium-sized Ent South Africa $85M - [*V* **Validus**](https://millionrounds.com/company/validus) Validus is a software company focused on saving companies from the pitfalls of systems implementations and data migrations. United States $30M **How this map is made.** Every startup here has raised money in a round we track that names FMO as an investor, the first in 2017. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Government fund · Netherlands **UNIIQ** 27 startups · 4 sectors · $144M](https://millionrounds.com/portfolio-maps/uniiq-finance-for-the-future-portfolio-map)[VC firm · Netherlands **True Ventures** 153 startups · 12 sectors · $6.1B](https://millionrounds.com/portfolio-maps/true-ventures-2-portfolio-map)[Corporate investor · Netherlands **Rabobank** 75 startups · 10 sectors · $9.8B](https://millionrounds.com/portfolio-maps/rabobank-portfolio-map)[Private equity · Netherlands **Forbion Capital Partners** 74 startups · 4 sectors · $10B](https://millionrounds.com/portfolio-maps/forbion-capital-partners-portfolio-map)[Accelerator · Netherlands **Rockstart** 62 startups · 12 sectors · $237M](https://millionrounds.com/portfolio-maps/rockstart-portfolio-map)[VC firm · Netherlands **EIT InnoEnergy** 58 startups · 8 sectors · $1.4B](https://millionrounds.com/portfolio-maps/innoenergy-portfolio-map) ## Raising from investors like FMO? 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