Evolution One Fund




Committment (MNOK)

Scalable Enterprises


Evolution One Fund is an equity capital fund that targets small- and medium-sized enterprises in the energy and environmental technology sectors. The fund has a total equity of NOK 452 million. Our main co investors include the African Development Bank (ADB), Finnfund, IFC and Consensus Business Group. With its investment in Evolution One Fund, Norfund wishes to contribute to growth in the environmental technology sector in Southern Africa.

  • Sector: Scalable Enterprises
  • Committment (MNOK): 1.3
  • Year: 2009
  • Region: Africa
  • Country: Regional
  • Domicile: South Africa
  • Instrument: Funds
  • Status: Active

Indirect investments

Investee Sector Country
Abagold LimitedFood and agribusinessSouth Africa
AFPOC LtdEnergy - windSouth Africa