# KLP Norfund Investments

> KLP Norfund Investments is a VC fund backing Renewable Energy, Sensor and Finance. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 4
- Last investment: Oct 2025
- Lead investor: 0%
- Last updated: Aug 2026

KLP Norfund Investments is an investment company jointly funded by the Norfund Investment Fund) and KLP, Norway’s largest pension fund.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Renewable Energy | 2 | 50% |
| Sensor | 1 | 25% |
| Finance | 1 | 25% |
| Software | 1 | 25% |
| Power Grid | 1 | 25% |

9 industries tracked in total.

### Stage

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

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Kenya | 1 | 25% |
| Norway | 1 | 25% |
| Singapore | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Berkeley Energy Commercial Industrial Solutions (BECIS) | Berkeley Energy Commercial Industrial Solutions (“BECIS”) is a leading Energy as a Service provider to high quality commercial & industrial (“C&I”) customers. | $45M |  | Oct 30, 2025 |  |
| Berkeley Energy Commercial Industrial Solutions (BECIS) | Berkeley Energy Commercial Industrial Solutions (“BECIS”) is a leading Energy as a Service provider to high quality commercial & industrial (“C&I”) customers. | $53M | Private Equity | Dec 09, 2024 |  |
| CrossBoundary | CrossBoundary recently formed CrossBoundary Energy, the first dedicated investment fund for Commercial and Industrial solar in Africa.Many businesses in Africa generate a significant portion of their own electricity through inside-the-fence diesel generation. Due to the cost of diesel, it would be economically and environmentally optimal forthese businesses to switch to renewable generation through solar and other alternatives. However, businesses are ill equipped to take the financial and technical risk to finance a conversion to renewables. At the same time, capital lacks a standardized platform to access these profitable but relatively small transactions.CrossBoundary Energy is a platform to aggregate finance for medium scale renewable self-generation. The platform finances renewable generation projects (0.2MW-10MW) that serve commercial customers in Africa such as off-grid light manufacturing, cell towers, farms, remote hospitals, eco-lodges and beverage bottlers. Our goal is to enable the delivery of energy-as-service and unlock the latent opportunity for renewable own-generation in Africa. | $40M | Private Equity | Jul 14, 2022 |  |
| Heimdall Power | Heimdall Power is a technology company specializing in smart grid solutions for the energy sector. They focus on optimizing and digitizing power grid infrastructure to enhance efficiency, reliability, and sustainability. These sensors are installed on power lines to provide real-time data on various parameters, including temperature, load, and linesag. They help in monitoring and managing the grid more effectively. Heimdall Power's mission is to revolutionize the way power grids are managed by providing real-time data and advanced analytics to improve grid performance and facilitate the transition to renewable energy sources. | $8.8M | Venture - Series Unknown | Nov 03, 2021 |  |

4 of 4 investments shown.

## Co-investors
- [PULA Investments Limited](https://shizune.co/investors/profile/pula-investments-limited) — VC Fund, 2 deals together
- [Siemens Financial Services](https://shizune.co/investors/profile/siemens-financial-services) — VC Fund, 2 deals together
- [Eviny Ventures](https://shizune.co/investors/profile/eviny-ventures) — VC Fund, 1 deal together
- [FMO](https://shizune.co/investors/profile/fmo) — VC Fund, 1 deal together
- [Hafslund Venture](https://shizune.co/investors/profile/hafslund-venture) — VC Fund, 1 deal together
- [Lyse Group](https://shizune.co/investors/profile/lyse-group) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Foresight Group](https://shizune.co/investors/profile/foresight-group) — VC Fund
- [YFM Equity Partners](https://shizune.co/investors/profile/yfm-equity-partners) — VC Fund
- [Fondaction](https://shizune.co/investors/profile/fondaction) — VC Fund

## FAQ

### What does KLP Norfund Investments invest in?

KLP Norfund Investments invests primarily in Renewable Energy, Sensor and Finance startups, most often at Private Equity and Funding Round stage. Most of the 4 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did KLP Norfund Investments last invest?

The most recent investment recorded for KLP Norfund Investments closed in Oct 2025. 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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