Overview
- Name: Nordic Impact Evergreen K/S
- Headquarters: Copenhagen, Denmark; investment offices in Kampala and Nairobi
- Website: www.nordicimpactfunds.com
- Investment focus: Climate-smart agribusiness, food systems, and digital/financial inclusion
- Investment geographies: East Africa – Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Malawi
- Eligible LPs: DFIs, institutional investors, family offices, foundations, HNWIs
Nordic Impact Funds is doubling down on East Africa’s underserved mass markets with its second vehicle, Nordic Impact Evergreen. The women-led impact manager is looking to raise €50 million ($54 million) to scale early- and growth-stage businesses that help farmers and low-income communities adapt to climate change, improve household incomes and build financial resilience.
The evergreen structure gives Nordic Impact the flexibility to build capital gradually and offer entry and exit windows after a five-year lock-up. The fund is targeting more than 12% net IRR while reaching 2.5 million people with better yields, cost savings and improved resilience.
The fund has already closed $7 million from Nordic family offices and high-net-worth investors and is lining up DFIs and institutional capital for its next close.
Portfolio companies include Grekkon, which supplies irrigation systems for smallholder farmers; MazaoHub, which provides soil testing and digital farm management tools; Jamii.one, which digitizes Ethiopia’s community-based savings groups and connects them with insurance; and Xeno, a goal-based digital savings platform.
Nordic Impact Evergreen has made nine investments and achieved one exit. It’s investments have reached more than 1.25 million people — 57% women, 53% smallholder farmers and 59% low-income earners.
