# Danish Investment Fund for Developing Countries

> Danish Investment Fund for Developing Countries is a VC fund backing Energy and Renewable Energy. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 4
- Last investment: May 2022
- Lead investor: 0%
- Last updated: Aug 2026

Danish Investment Fund for Developing Countries is a VC fund focused on Energy and Renewable Energy. Danish Investment Fund for Developing Countries

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 2 | 50% |
| Renewable Energy | 2 | 50% |
| Water | 1 | 25% |
| Finance | 1 | 25% |
| Non Profit | 1 | 25% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 2 | 50% |
| Private Equity | 1 | 25% |
| Venture - Series Unknown | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 1 | 25% |
| Zambia | 1 | 25% |
| Myanmar | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Africa GreenCo | Africa GreenCo is an energy trading service provider to sell power through long-term contracts. To attract sustainable investments in the power sector on the strength of a multi-buyer model, the company acts as an intermediary aggregator between buyers and sellers. This enables utilities and private buyers to purchase green power supply byincreasing power capacity through new renewable energy generation. | $15.5M | Venture - Series Unknown | May 04, 2022 |  |
| Eranove | Formerly known as Finagestion, the Eranove Group is a leading player in public service management and electricity and drinking water production in West Africa.The Group has been operating in Côte d’Ivoire (SODECI, CIE, CIPREL and AWALE) for several decades, in Senegal (SDE) since 1996 and in the Democratic Republic of Congo, via a servicecontract with REGIDESO, since 2012.The Group and its subsidiaries are fully committed to all aspects of Corporate Social Responsibility (CSR) in meeting with quality, safety and environmental standards according to ISO 9001, OHSAS 18001 and ISO 140001 certification standards. | $250M |  | Aug 07, 2021 |  |
| Eranove | Formerly known as Finagestion, the Eranove Group is a leading player in public service management and electricity and drinking water production in West Africa.The Group has been operating in Côte d’Ivoire (SODECI, CIE, CIPREL and AWALE) for several decades, in Senegal (SDE) since 1996 and in the Democratic Republic of Congo, via a servicecontract with REGIDESO, since 2012.The Group and its subsidiaries are fully committed to all aspects of Corporate Social Responsibility (CSR) in meeting with quality, safety and environmental standards according to ISO 9001, OHSAS 18001 and ISO 140001 certification standards. | $250M | Private Equity | Aug 07, 2021 |  |
| Alliance for Microfinance in Myanmar | Alliance for Microfinance in Myanmar is a for-profit MFI and double bottom-line institution that focuses on social performance management. The institution endorses the Smart Campaign for client protection and aspires to full compliance with the Universal Standards for Social Performance Management (USSPM) in 2016 as outlined by the SocialPerformance Task Force. Additional information on Alliance can be found on our MIX Market page.Alliance was founded in 2014 to be a leader in the newly developing microfinance sector of Myanmar. The institution began as a partnership between FIDES of Switzerland BASIX of India, two leaders in the field who saw the opportunity to contribute to poverty alleviation and economic growth in the country. | $5M |  | Sep 18, 2017 |  |

4 of 4 investments shown.

## Co-investors
- [A.P. Moller Capital](https://shizune.co/investors/profile/a-p-moller-capital) — VC Fund, 2 deals together
- [EDFI ElectriFI](https://shizune.co/investors/profile/electrification-financing-initiative) — VC Fund, 2 deals together
- [Emerging Capital Partners](https://shizune.co/investors/profile/emerging-capital-partners-ecp) — VC Fund, 2 deals together
- [Impact Fund Denmark](https://shizune.co/investors/profile/ifu) — VC Fund, 2 deals together
- [Asia Impact Investment Fund](https://shizune.co/investors/profile/asia-impact-investment-fund) — VC Fund, 1 deal together
- [BOPA](https://shizune.co/investors/profile/bopa) — VC Fund, 1 deal together

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### Similar country
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## FAQ

### What does Danish Investment Fund for Developing Countries invest in?

Danish Investment Fund for Developing Countries invests primarily in Energy, Renewable Energy and Water startups, most often at Funding Round and Private Equity stage. Most of the 4 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Danish Investment Fund for Developing Countries last invest?

The most recent investment recorded for Danish Investment Fund for Developing Countries closed in May 2022. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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