Norfund

Portfolio Companies 2026 for Norfund: investors, rounds, and co-investor patterns from StartupFundraising.com research, updated for 2026.

Norfund accounts for 14 tracked companies with verified cap-table data, 14 of which disclose round sizes totalling $2.6B. The median disclosed raise is $110M, and the largest is Scatec Solar at $1.2B, ahead of AwanTunai ($177M) and AgDevCo ($156M).

The names that recur most often on these portfolio cap tables are Norfund (14 companies), Swedfund (3 companies), Finnfund (2 companies), BIO (2 companies), Standard Bank (2 companies), Accial Capital (1 company). By latest disclosed round, the market skews Growth (4), Series B (3), Series C (1), Series A (1).

Best funded Norfund companies

  1. Scatec Solar — $1.2B
  2. AwanTunai — $177M (latest: Series B)
  3. AgDevCo — $156M (latest: Growth)
  4. Candi — $140M (latest: Series C)
  5. Pele Green Energy — $132M
  6. Fourth Partner Energy — $125M (latest: Growth)
  7. Xurya — $110M (latest: Series B)
  8. Etana Energy — $100M
  9. Yoma Bank — $99M (latest: Growth)
  10. Serengeti Energy — $91M (latest: Growth)
  11. Mulilo Wind Enterprises — $75M
  12. Empower New Energy — $74M (latest: Series A)
  13. Frontiir — $69M (latest: Series B)
  14. Amartha — $53M (latest: Seed)

Norfund — related firms and companies (56)

Norfund alternatives · All research reports