Norfund — Seed & Series A VC Firm
Norfund is a Seed, Series A, Growth venture capital firm based in Oslo, Norway investing in Other, Food / AgTech, Consumer. The firm has 12 portfolio companies in our records.
- Portfolio
- 12 companies on record
- Partners
- 14 listed
- AUM
- $1.5B
- Stage
- Seed, Series A, Growth
- Sectors
- Other, Food / AgTech, Consumer, Developer Tools
- HQ
- Oslo, Norway
- Check size
- Not in our records
Last verified: 2026-10-19
Seed, Series A, Growth
$1.5B
12+ companies
14 partners
Investment Thesis
Development finance investor backing West African startups and broader ecosystem-building efforts. More of a strategic capital source than a classic pre-seed VC fit.
How Norfund invests
Norfund is a vc firm based in Oslo, Norway. The firm invests at the Seed, Series A, Growth stages, with a focus on Other, Food / AgTech, Consumer, Developer Tools.
Norfund manages approximately $1.5B in assets. Our records include 6 funds raised by the firm.
Norfund has backed 12 companies in our records, including Yarych, Ixus Bugallon Solar Power Project (Vena Energy project), Banco Cuscatlán.
Partners & Team
Unknown
Investment professional
Tomas Rosales
EVP for Green Infrastructure
Naana Winful Fynn
EVP for Financial Inclusion
Erik Sandersen
CEO
Industry Focus
Invests In
Funds
Norfund Invest II AS
Norfund Invest AS
Norfund IV
Norfund III
Norfund II
Norfund I
Portfolio Companies (12)
Other
Yarych
Ukrainian biscuit manufacturer focused on continued growth.
Ixus Bugallon Solar Power Project (Vena Energy project)
500 MWp solar power project in the Philippines.
Banco Cuscatlán
Commercial bank expanding access to finance for SMEs in El Salvador.
Banco Promerica (Dominican Republic)
Bank supporting lending to small and medium-sized businesses.
LB Finance PLC
Non-bank financial institution in Sri Lanka.
Softlogic Life Insurance PLC
Life insurance company in Sri Lanka.
Growth Investment Partners Ghana (GIP)
Financing platform scaling lending to businesses in Ghana.
Texplast Industries
East African packaging manufacturer.
Nafasi Water Technologies
South African water company serving mining and public sectors.
B5 Plus Limited
Ghanaian steel manufacturer.
- •Raising at Seed, Series A, Growth? You're squarely in their sweet spot.
- •Lead with your fit in Other, Food / AgTech, Consumer — the sectors they actively back.
- •warm intro preferred
- •Address your outreach to a specific partner, such as Espen Froyn, Vice President.
- •A warm introduction beats a cold email. Get matched and request an intro.
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