Developing World Markets
VC Fund
Stamford, United States
Developing World Markets is an asset manager and investment bank dedicated to making socially positive investments.
- Total investments:
- 7
- Last investment:
- Lead investor:
- 71%
Last updated:
For AI agents: llms.txt
Industries Developing World Markets invests in
Stages Developing World Markets invests in
Countries Developing World Markets invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Debt Financing
- $7.5M–$38M
- Private Equity
- $7.2M–$8M
Investment Focus
Industry
- Financial Services 4 (57%)
- Finance 3 (43%)
- Solar 2 (29%)
- Energy 2 (29%)
- Electric Vehicle 2 (29%)
Stage
- Debt Financing 3 (43%)
- Post-IPO Debt 1 (14%)
- Private Equity 1 (14%)
- Venture - Series Unknown 1 (14%)
Country
- India 3 (43%)
- France 1 (14%)
- Guatemala 1 (14%)
- United States 1 (14%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Judy Kirst-Kolkman
Co-Founder
|
Co-Founder | Total investments: 0 | Find email | |
Peter Johnson
Co Managing Partner
|
Co Managing Partner | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Mufin Green Finance
|
Mufin Green Finance is an NBFC that specialises in the electric vehicle (EV) market. | $6.5M / Post-IPO Debt / Jul 15, 2025 | |
| Namdev Finvest operates a non-banking finance platform that provides loans to rural and semi-urban agriculture, as well as the priority sector. | $38M / Debt Financing / Nov 27, 2024 | ||
| Ignite Holding Company Inc. was a technology startup that provided prepaid solar power in off-grid communities in Guatemala and Colombia under the Kingo tradename. Ignite was acquired in 2022 by Kingo Holding Company, Inc. | Debt Financing / Oct 18, 2017 | ||
| Founded in 2007 as a for-profit social enterprise, d.light manufactures and distributes award-winning solar lighting and power products designed to serve the more than 2 billion people globally without access to reliable electricity. Through five distribution hubs in East Africa, West Africa, India, Southeast Asia, and the United States, d.lighthas impacted over 65 million lives with its products. d.light is dedicated to providing the most reliable, affordable, and accessible solar lighting and power systems for the developing world, with the goal of reaching 100 million people by 2020. For more information, visit www.dlight.com. | $7.5M / Debt Financing / Oct 31, 2016 | ||
| IntelleGrow serves the ‘missing middle’ enterprises working in sectors which make a positive Environmental, Social and Governance Impact. IntelleGrow offers debt without limiting them on their vintage or the security value offered for the loan – instead, the proposition is based on trajectory of business cashflows. It is not only lending from itsBalance Sheet but also syndicating and arranging debt from other sources – gradually emerging as a debt solutions provider for ‘early-stage’, ‘high-growth’ small and growing businesses (SGB) in India. | $20.1M / Venture - Series Unknown / Jun 14, 2016 | ||
| Baobab is a leading digital finance group focusing on financial inclusion for individuals and small businesses in Africa and China. Founded by Arnaud Ventura, its CEO, in 2005, Baobab employs more than 3,800 people and has over 1,000 points of presence across Madagascar, Senegal, Nigeria, Ivory Coast, Mali, Zimbabwe, Burkina Faso, Tunisia,Democratic Republic of Congo and China. Since its inception, the Group has originated more than EUR3Bn in loans to individuals and micro, small & medium sized enterprises, helping hundreds of thousands of people to unleash their potential. | $8M / Private Equity / Feb 10, 2010 | ||
| Baobab is a leading digital finance group focusing on financial inclusion for individuals and small businesses in Africa and China. Founded by Arnaud Ventura, its CEO, in 2005, Baobab employs more than 3,800 people and has over 1,000 points of presence across Madagascar, Senegal, Nigeria, Ivory Coast, Mali, Zimbabwe, Burkina Faso, Tunisia,Democratic Republic of Congo and China. Since its inception, the Group has originated more than EUR3Bn in loans to individuals and micro, small & medium sized enterprises, helping hundreds of thousands of people to unleash their potential. | $7.2M / Private Equity / Aug 08, 2008 |
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FAQ
What does Developing World Markets invest in?
Developing World Markets invests primarily in Financial Services, Finance and Solar startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 7 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Developing World Markets invest in?
Developing World Markets typically joins rounds of $7.5M–$38M at Debt Financing and $7.2M–$8M at Private Equity. These are whole funding-round sizes, not Developing World Markets's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Developing World Markets took part in.
How do I contact Developing World Markets?
Public channels for Developing World Markets include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Developing World Markets?
The team at Developing World Markets includes Judy Kirst-Kolkman (Co-Founder) and Peter Johnson (Co Managing Partner). The Team section lists each member with their title, investment count and links.
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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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