Norfund

Investor type

PE / VC

Founded

1997

AUM

-

Location

Oslo, Oslo, Norway

Investment Ticket

$50-100 m

Investment Stage

Series B Seed Late Stage (Series C+)

Region of investment

Asia Africa South America North America Australia and others

ESG Focus

Impact investor Women People of color and other minorities
Investor profile last updated: 17 August, 2026

Profile

Norfund is a Norwegian investment fund based in Oslo, established to aid the economic development of countries in the global South. With a focus on creating jobs and promoting growth, Norfund invests in a variety of sectors. The fund is known for its broad international reach, particularly in Sub-Saharan Africa, Asia, and Latin America. Norfund's team consists of experts with diverse backgrounds committed to facilitating sustainable economic development and emphasizing renewable energy, financial inclusion, and scalable enterprises.

Norfund invests primarily in renewable energy, financial inclusion, scalable enterprises, and green infrastructure. They focus on making strategic investments with minority stakes, enabling entrepreneurs and industrial investors to lead. The fund operates with a management fund size in the billions of USD and is heavily backed by the Norwegian government. Norfund’s key partners include international development finance institutions and private investors committed to climate impact and economic progress.

Notable investments by Norfund include the strengthening of packaging manufacturing in East Africa and a biscuit manufacturing investment in Ukraine. Furthermore, they have supported renewable energy initiatives for mobile connectivity in Africa and assisted financial inclusion efforts in Sri Lanka.

Industry

Business Services (B2B) Electronics Financial Services Fintech Food and Beverage Foodtech Telecommunications Energy Utilities Infrastructure

Contacts

Name
Title
Email
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Tellef Thorleifsson CEO
CEO
t•••@•••
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Øystein Øyehaug Investment Director
Investment Director
o•••@•••
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Investment-team contacts for Norfund — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Norfund

Norfund is a venture capital and private equity firm. It backs companies at Series B, Seed and Late Stage (Series C+), writing tickets of $50-100 m.
Norfund is located in Oslo, Oslo, Norway.
Norfund was founded in 1997.
Norfund invests in companies and startups in Business Services (B2B), Electronics, Financial Services, Fintech, Food and Beverage, Foodtech, Telecommunications, Energy, Utilities, Infrastructure.
Norfund invests in companies and startups in Asia, Africa, South America, North America, Australia and others.
Norfund invests in companies and startups at Series B, Seed, Late Stage (Series C+).
Norfund usually invests $50-100 m on average.
Norfund invests and supports Women, People of color and other minorities startups and founders.
Yes, Norfund is impact investor.
Norfund can be reached through its website norfund.no, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Norfund — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 17 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.