Swedfund International

Swedfund International AB is a government-backed investment firm based in Stockholm, Sweden, established in 1979. The firm specializes in making direct investments and fund of funds investments, focusing on high-risk environments in emerging markets across Africa, Asia, Latin America, and Eastern Europe. Swedfund provides risk capital in various forms, including equity, share options, and loans, typically investing between SEK 5 million and SEK 100 million. It aims to support small and medium-sized enterprises and does not invest in sectors such as weapons, tobacco, or alcohol. The firm acts as a minority investor, generally not exceeding one-third of total investments, and takes active roles in its portfolio companies by securing board seats. Swedfund seeks to exit investments within five to ten years and does not engage in donations or sponsorships. Additionally, it provides financial support for Swedish enterprises to facilitate knowledge transfer and equipment investments.

Björn Areskog

Senior Investment Manager

Agnes Carlström

Investment Manager

Håkan Dahlfors

Director of Project Accelerator

Gayk Dzharayan

Investment Manager

Sofia Gedeon

Investment Director Sustainable Enterprises

Helen Hagos

Senior Investment Manager

Jérémie Hoffsaes

Senior Investment Manager

Jonas Kolijn

Senior Investment Manager

Jakob Larsson

Senior Investment Manager

Alejandro Navarro

Investment Manager

Jane Niedra

Investment Director Financial Inclusion

Gunilla Nilsson

Investment Director Energy and Climate

Jonas Nilsson

Investment Manager

Audrey Obara

Senior Investment Manager and Head of Regional office, Nairobi

Valary Omamo

Investment Manager

Arvid Raa

Investment Manager

Sofia Ragnhammar

Investment Manager

Johan Selander

CFO

Anton Ståhl

Investment Manager

Sebastian Süllmann

Investment Manager

Elin Thesleff

Investment Manager

Esther Wachira

Associate Senior Investment Manager

Tomas Wadström

Senior Investment Manager

Past deals in Kenya

Serengeti Energy

Venture Round in 2022
Serengeti Energy abides by the requirement that all of its operations have a beneficial impact on markets throughout the community. As such, it invests in and co-develops small and medium-sized renewable energy projects. They concentrate on the design, building, and operation of new and renovated independent power plants. Additionally, they offer installation and maintenance services for semiconductors used in renewable energy.

d.light

Venture Round in 2021
d.light is a company that designs, manufactures, and distributes solar lighting and power products, primarily aimed at households and small businesses lacking reliable electricity. Founded in 2007 as a for-profit social enterprise, d.light has developed a range of products, including solar lanterns, home systems, and various appliances, to serve over 2 billion people globally. With distribution hubs in East and West Africa, India, Southeast Asia, and the United States, the company has reached over 65 million individuals, providing affordable and accessible solar solutions. d.light is committed to transforming energy usage and payment methods, enhancing the quality of life for users in rural and semi-urban areas through its innovative solar-powered products. The company operates from its headquarters in Palo Alto, California, with additional offices in key locations such as Shenzhen, China; Gurgaon, India; Nairobi, Kenya; Kampala, Uganda; and Lagos, Nigeria.

d.light

Series E in 2018
d.light is a company that designs, manufactures, and distributes solar lighting and power products, primarily aimed at households and small businesses lacking reliable electricity. Founded in 2007 as a for-profit social enterprise, d.light has developed a range of products, including solar lanterns, home systems, and various appliances, to serve over 2 billion people globally. With distribution hubs in East and West Africa, India, Southeast Asia, and the United States, the company has reached over 65 million individuals, providing affordable and accessible solar solutions. d.light is committed to transforming energy usage and payment methods, enhancing the quality of life for users in rural and semi-urban areas through its innovative solar-powered products. The company operates from its headquarters in Palo Alto, California, with additional offices in key locations such as Shenzhen, China; Gurgaon, India; Nairobi, Kenya; Kampala, Uganda; and Lagos, Nigeria.

UAP Group

Venture Round in 2012
UAP Group is a pan-African financial services group with interests in insurance, investment management, property development and investments, securities brokerage and financial advisory. The history of the Group can be traced back by over 90 years while recent expansion and growth in the East African market have made UAP one of the key players in the financial services sector in the region. Currently, the group has businesses operating in Kenya, Uganda, South Sudan, Rwanda, DRC and Tanzania.
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