# Nordic Development Fund

> Nordic Development Fund is a VC fund in Helsinki backing Solar, Farming and Agriculture. See 1 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 1
- Last investment: Feb 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/84046
- X (Twitter): https://www.twitter.com/ndfnews
- Website: http://www.ndf.fi/
- Facebook: https://www.facebook.com/135509246514630

Nordic Development Fund is a VC fund in Helsinki focused on Solar and Farming. NDF is a multilateral development finance institution that provides financing for climate change projects in developing countries.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Solar | 1 | 100% |
| Farming | 1 | 100% |
| Agriculture | 1 | 100% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SunCulture | SunCulture is a company based in Nairobi, Kenya which sells the AgroSolar Irrigation Kit, an entirely solar-powered drip irrigation system. The kit combines solar water pumping technology with high-efficiency drip irrigation and includes everything a farmer needs to grow more while spending less, in a sustainable and energy-efficient way.SunCulture has developed a novel and unique product that simplifies farming and increases crop yields. They are also the only "one-stop shop" for Kenyan farmers, as they provide a solar water pumping solution, an entire drip irrigation kit, agronomic services, educational training, access to capital and access to markets in rural Kenya — their approach focuses on quality of both product and services. | $11M | Debt Financing | Feb 17, 2021 |  |

1 of 1 investments shown.

## Co-investors
- [African Development Bank](https://shizune.co/investors/profile/african-development-bank) — VC Fund, 1 deal together
- [Alphamundi](https://shizune.co/investors/profile/alphamundi) — VC Fund, 1 deal together
- [FEI-OGEF](https://shizune.co/investors/profile/fei-ogef) — VC Fund, 1 deal together
- [Lion’s Head Global Partners](https://shizune.co/investors/profile/lion-s-head-global-partners) — VC Fund, 1 deal together
- [SunFunder](https://shizune.co/investors/profile/sunfunder) — VC Fund, 1 deal together
- [Triodos Bank](https://shizune.co/investors/profile/triodos-investment-management) — VC Fund, 1 deal together

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## FAQ

### What does Nordic Development Fund invest in?

Nordic Development Fund invests primarily in Solar, Farming and Agriculture startups, most often at Debt Financing stage. Most of the 1 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Nordic Development Fund last invest?

The most recent investment recorded for Nordic Development Fund closed in Feb 2021. Shizune tracks 1 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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