Nordic Development Fund
Helsinki, Uusimaandf.int
Overview
The Nordic Development Fund (NDF) is the joint multilateral development finance institution of the five Nordic countries: Denmark, Finland, Iceland, Norway, and Sweden. Established in 1989, its operations focus on the nexus between climate change and development in lower-income countries and countries in fragile situations. NDF provides financing for climate mitigation and adaptation projects through grants, concessional loans, and equity, often in cooperation with other bilateral and multilateral development institutions. A 2023 report mentioned an active portfolio of EUR 359.3 million.
Portfolio Companies
9
Website
ndf.intInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Sanivation | Sep 2021 | Grant | Co-investor |
| SunCulture | Feb 2021 | Debt | Co-investor |
| EnerGrow | Oct 2020 | Grant | Lead |
| Serengeti Energy | Dec 2019 | Corporate Funding | Co-investor |
| Serengeti Energy | Aug 2017 | Corporate Funding | Co-investor |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
