Nordic Development Fund
Overview
The Nordic Development Fund (NDF) is the joint multilateral development finance institution of the five Nordic countries: Denmark, Finland, Iceland, Norway, and Sweden. Established in 1989, its operations focus on the nexus between climate change and development in lower-income countries and countries in fragile situations. NDF provides financing for climate mitigation and adaptation projects through grants, concessional loans, and equity, often in cooperation with other bilateral and multilateral development institutions. A 2023 report mentioned an active portfolio of EUR 359.3 million.
Portfolio Companies
16
Website
ndf.intInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Mobility for Africa | - | Grant | Co-investor |
| Eco-Fuel Africa | - | Grant | Co-investor |
| Swimsol | - | Grant | Co-investor |
| Jaza Energy | Mar 2020 | Seed | Co-investor |
| NeedEnergy | Jun 2025 | Seed | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Nordic Development Fund based?
Nordic Development Fund is headquartered in Helsinki, Uusimaa, Finland.
When was Nordic Development Fund founded?
Founding year information for Nordic Development Fund is not publicly available.
How many portfolio companies does Nordic Development Fund have?
Nordic Development Fund has 16 portfolio companies in Caplight's dataset.
What are some companies in Nordic Development Fund's portfolio?
Portfolio companies visible on Caplight include Mobility for Africa, Eco-Fuel Africa, Swimsol, Jaza Energy, NeedEnergy.
What was Nordic Development Fund's most recent investment shown here?
Nordic Development Fund's most recent investment in this portfolio sample was in NeedEnergy in 2025.
What sectors does Nordic Development Fund focus on?
Nordic Development Fund focuses on Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, FinTech, Energy & Sustainability, Mobility, Transportation & Logistics, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, FinTech, Mobility, Transportation & Logistics, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, FinTech, Energy & Sustainability, Energy & Sustainability, Consumer & Commerce, Energy & Sustainability, FinTech, AI, Data & Cloud Infrastructure, Healthcare & Life Sciences, Frontier & Industrial Tech, Energy & Sustainability, Frontier & Industrial Tech.
What company stages does Nordic Development Fund focus on?
Stage focus information for Nordic Development Fund is not publicly available.
What is Nordic Development Fund's AUM?
Nordic Development Fund's assets under management are estimated between $785.1M and $785.1M.