FMO is the Dutch entrepreneurial development bank, founded in 1970 and headquartered in The Hague. It invests in over 85 countries across emerging and frontier markets, focusing on energy, agribusiness, and financial institutions, with a ventures program for early-stage tech-enabled investments.
Deal activity decreased year-over-year (2 deals in the last 12 months vs 6 prior). Average disclosed round size is $120.8M (across 100 rounds with reported amounts).
Portfolio
99
Fund Size
—
Top Stage
Unknown
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
128 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| OOdyssey Energy | Growth | $74M | Sep 2026 |
 Nile.ag | Unknown | $200M | Aug 2026 |
 Twinco Capital | Series B | — | Jan 2026 |
 Ecofy | Series B | — | Jan 2026 |
 Namdev | Unknown | $37M | Jan 2026 |
| HHDBank | Unknown | $721M | Jan 2026 |
| NNamdev Finvest | Unknown | $37M | Jan 2026 |
| TThe Mauritius Commercial Bank Limited | Unknown | $450M | Jan 2026 |
 TwinCo | Series B | — | Jan 2026 |
 ACE International Limited | Unknown | $35M | Nov 2025 |
| NNamdev Finvest Private Limited | Growth | $3M | Jan 2025 |
 FPM SA | Unknown | $16.5M | Jan 2025 |
 Coris Holding | Unknown | $65.5M | Jan 2025 |
| ACE International Limited | Unknown | $35M | Jan 2025 |
 ARARATBANK OJSC | Unknown | $25M | Jan 2025 |
 LoftyInc | Unknown | $43M | Jan 2025 |
 BE C&I Solutions Holding Pte. Ltd. (BECIS) | Unknown | $53M | Dec 2024 |
 Hub2 | Series A | $8.5M | Dec 2024 |
 Mawingu Networks | Unknown | $15M | Nov 2024 |
 Moniepoint | Series C | $200M | Oct 2024 |
 Fido | Series B | $30M | Sep 2024 |
 Validus | Unknown | $50M | Sep 2024 |
 Yola Fresh | Series A | $7M | May 2024 |
 Nile | Seed | $11.6M | Jan 2024 |
| SSahyadri Farms | Series B | $46M | Jan 2024 |
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Top Co-Investors
Proparco26 shared
British International Investment24 shared
International Finance Corporation22 shared
Korys8 shared
Endeavor7 shared
India Quotient7 shared
European Investment Bank6 shared
responsAbility Investments AG6 shared
Lightrock5 shared
Novastar Ventures5 shared
DEG5 shared
Omnivore4 shared
AgFunder4 shared
A154 shared
Globo Ventures4 shared
LeapFrog Investments4 shared
Vertex Growth Fund4 shared
Working Capital Fund4 shared
Quona Capital4 shared
RTP Global3 shared
Last updated: 7 October 2026