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 Group is an energy trading service provider that facilitates the sale of power through long-term contracts. The company operates as an intermediary aggregator, connecting buyers and sellers to enhance the procurement of green energy. By employing a multi-buyer model, Africa GreenCo aims to attract sustainable investments in the power sector, enabling utilities and private buyers to access renewable energy sources. This approach not only supports the growth of power capacity but also promotes the development of new renewable energy generation initiatives across the region.

Eranove

Venture Round in 2021
Eranove SA is a prominent player in public service management, focusing on electricity and drinking water production in West Africa. The company generates electricity through hydro-electric dams, thermal power stations, and independent electricity production using combustion turbines. It manages the transmission and distribution of electricity, providing customer services through call centers and commercial channels, while also exporting electricity to neighboring countries such as Ghana, Togo, Benin, Burkina Faso, and Mali on behalf of the Ivorian government. In addition to its electricity operations, Eranove is involved in the production and distribution of potable water in Côte d’Ivoire and Senegal, maintaining water treatment facilities and transport networks. The company also addresses sewage and drainage services and supports remote villages with man-powered pumps. Founded in 2003 and based in Paris, Eranove has undergone a name change from Finagestion SA in 2014, reflecting its commitment to providing sustainable access to essential services in the region.

Alliance for Microfinance in Myanmar

Venture Round in 2017
Alliance for Microfinance in Myanmar Ltd is a microfinance institution founded in 2014 and based in Mandalay, Myanmar. The organization provides financial services and education primarily to low-income households, with a particular emphasis on supporting women entrepreneurs. As a for-profit entity, it focuses on both financial sustainability and social performance management. Alliance is committed to client protection and adheres to the Smart Campaign principles, aiming for compliance with the Universal Standards for Social Performance Management established by the Social Performance Task Force. The institution was created through a partnership between FIDES of Switzerland and BASIX of India, both recognized leaders in the microfinance sector, with the goal of fostering poverty alleviation and economic development in Myanmar.
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