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Key people at Swedfund.
Swedfund serves as Sweden's development finance institution, making sustainable investments to reduce poverty in developing countries. It finances private sector businesses that foster sustainable growth, create jobs, and improve access to essential products and services. Activities include direct investments, feasibility studies via its Project Accelerator, and aiding Swedish SMEs through its Business Accelerator.
Established in 1979 by the Swedish state, under Ministry of Finance management, Swedfund’s insight was that long-term, targeted investments catalyze economic development and alleviate poverty in vulnerable regions. This state-backed mandate directs its financial resources towards significant societal and developmental outcomes globally.
Swedfund primarily partners with impactful businesses in developing countries and Swedish SMEs expanding into these markets. Its overarching vision is to foster a more sustainable and equitable world by funding ventures aligned with global development goals, ultimately empowering communities and strengthening local economies.
Key people at Swedfund.
Swedfund has 4 tracked investments across 4 companies. The latest tracked deal is $58.9M Series A in Hummingbirds in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 20, 2026 | Hummingbirds | $58.9M Series A | — | British International Investment, Jean Gabriel Dayre |
| Oct 21, 2025 | Moniepoint | $200.0M Series C | Adefolarin Ogunsanya | Alder Tree Investments, Google, Farid Fezoua, Michael Joyce, Lightrock, Proparco, Verod Capital Management, Visa |
| Feb 1, 2024 | Apollo Agriculture | $10.0M Debt | Impactconnect, Swedfund | — |
| Oct 24, 2023 | Husk Power Systems | $103.0M Debt / Series D | — | European Investment Bank, International Finance Corporation, Proparco, Shell Ventures, Stoa |