FMO
Investment Thesis
FMO, a Dutch development bank, empowers African businesses through debt financing, focusing on Series B rounds. With investments in TeamApt, Lumos, and M-KOPA, FMO stands out as a catalyst for innovation and impact in the African startup ecosystem, helping businesses scale and drive positive change.
Portfolio Preview
A sample from 32 verified portfolio companies.
Odyssey Energy Solutions
Odyssey Energy Solutions streamlines financing and deployment of distributed renewable energy.
M-KOPA
M-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, with over 500 new homes being added every day.
Lulalend
Lulalend is an online lending company that provides fast and easy working capital funding to small businesses in South Africa.
Solarsaver
SolarSaver offers customized solar photovoltaic and solar-battery hybrid solutions.
Tagaddod
Tagaddod is leveraging data, technology and networks for sustainable energy security and waste elimination.
Lendable
Lendable is the leading provider of debt to fintechs in emerging and frontier markets.
FMO: quick facts
- Which startups has FMO invested in?
- FMO has backed at least 32 African startups, including Odyssey Energy Solutions, M-KOPA, Lulalend, Solarsaver, Tagaddod and 27 others.
- What stages does FMO invest in?
- FMO invests at the Series B, Series A, Seed, Series C, Series D and Series E stages.
- Which sectors does FMO invest in?
- Its portfolio spans Renewable Energy, Financial Services, Energy, FinTech, Payments and Solar.
