Investment Fund For Developing Countries

Investment Fund for Developing Countries, established in 1967, is a Danish asset management firm headquartered in Copenhagen. It provides advisory services and risk capital to support the growth and development of Danish companies, with a focus on promoting green and inclusive societies. Additionally, the firm offers professional advice on investing in developing countries and emerging markets, and acts as the fund manager for other investment vehicles set up in partnership with the Danish state and institutional investors.

Andrew Githaiga

Investment Director

Rohit Goyal

Vice President, Financial Services

Johanna Raehalme

Investment Director

Henrik Henriksen

Investment Director

3 past transactions

Africa GreenCo Group

Seed Round in 2022
Africa GreenCo is an energy trading service provider focused on selling power through long-term contracts. The company serves as an intermediary aggregator between buyers and sellers, facilitating access to green power supply. By leveraging a multi-buyer model, Africa GreenCo aims to attract sustainable investments in the power sector, thereby increasing power capacity through the development of new renewable energy generation. This approach enables utilities and private buyers to engage more effectively in the green energy market.

Eranove

Venture Round in 2021
Eranove SA, formerly known as Finagestion, is a prominent provider of public service management, focusing on electricity and drinking water production in West Africa. The company operates in Côte d’Ivoire, Senegal, and the Democratic Republic of Congo, with a long-standing presence in these regions. Its activities encompass electricity generation through hydroelectric dams and thermal power stations, as well as the transmission and distribution of electricity. Eranove is also involved in the production and distribution of potable water, managing treatment facilities and water transport networks. Additionally, the company addresses sewage and rainwater collection and offers data transmission services through power lines. Eranove is committed to corporate social responsibility, adhering to quality and environmental standards recognized by international certifications. Founded in 2003 and headquartered in Paris, France, Eranove plays a critical role in enhancing access to essential services across its operational territories.

Alliance for Microfinance in Myanmar

Venture Round in 2017
Alliance for Microfinance in Myanmar Ltd is a microfinance institution based in Mandalay, Myanmar, established in 2014. It focuses on providing financial services and education to low-income households, with a particular emphasis on supporting women entrepreneurs. As a for-profit microfinance institution, Alliance aims to balance financial sustainability with social impact, adhering to the Smart Campaign for client protection and striving for compliance with the Universal Standards for Social Performance Management. Founded through a partnership between FIDES of Switzerland and BASIX of India, Alliance seeks to play a significant role in the emerging microfinance sector of Myanmar, contributing to poverty alleviation and economic growth in the region.
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