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Investor profile

FMO Entrepreneurial Development Bank

Other · Founded 1970 · The Hague, Netherlands

Website ↗LinkedIn ↗X / Twitter ↗Dealroom ↗

FMO is the Dutch Development Bank. Its mission is to support sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs

58 portfolio companies Other · $2.1B invested · 193 investments · Investor rank #1,433 · Last investment 7/2026
Portfolio companies 58 ↑ 59% 5y
Decacorns 0
Thoroughbreds 3
Featured in
News Village Capital backs three Ghanaian startups from $4M Africa fund Jul 23, 2026 News Coris Holding secures €80M debt facility from BIDC to expand SME lending Jun 18, 2026
Exits

FMO Entrepreneurial Development Bank’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from FMO Entrepreneurial Development Bank’s transaction record.

ContourGlobal plc
$2.1B IPO · 2017
Now $6.5BEnergy
CELTEL
$3.4B acquisition · 2005
Entered Series B+Telecom
Ujjivan Financial Services
IPO · 2016
Entered Series B+Now $1.9BFintech
Portfolio analysis

Where FMO Entrepreneurial Development Bank’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 58 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. India14
  2. Netherlands7
  3. Kenya4
  4. Egypt3
  5. Nigeria3
  6. UK3
  7. USA3
  8. Canada2
  9. Ghana2
  10. South Africa2
  11. Argentina1
  12. Australia1
By sectorCount
  1. Fintech22
  2. Energy21
  3. Food15
  4. Enterprise Software2
  5. Marketing2
  6. Telecom2
  7. Health1
  8. Home Living1
  9. Jobs Recruitment1
  10. Transportation1
By stage enteredCount
  1. Series B+28
  2. Series A16
  3. Seed7
By growth stageCount
  1. Breakout Stage29
  2. Late Growth16
  3. Early Growth11
  4. Mature2
Portfolio market map

Inside FMO Entrepreneurial Development Bank’s portfolio.

The 55 highest-funded portfolio companies, of 58 tracked.

Sun King
Energy · Unicorn
$1.3B
KELIX bio
Health
$800M
Waycool
Food
$585M
Moniepoint
Fintech · Unicorn
$1.0B
InCred
Fintech · Unicorn
$1.0B
DeHaat
Food
$700M
ContourGlobal plc
Energy · Unicorn
$6.5B
Ujjivan Financial Services
Fintech · Unicorn
$1.9B
Neogrowth
Fintech
$175M
Sahyadri Farms
Food
PayMob
Fintech
$250M
Innoviti
Fintech
$110M
Validus
Fintech
$120M
Ram Power
Energy
Namdev Finvest
Fintech
$148M
Husk Power Systems
Energy
$172M
Fido
Fintech
$150M
Arohan Financial
Fintech
$97M
JCM Power
Energy
$80M
Komaza
Food
$140M
dopay
Fintech
$87M
LEO1
Fintech
$70M
The New Forests Company
Energy
$100M
Twinco Capital
Fintech
$66M
Miro Forestry
Energy
$24M
Frontclear
Fintech
$120M
Aerobotics
Food
$68M
Tagaddod
Energy
$105M
PeelPioneers
Food
Kingo
Energy
$32M
Nile
Food
$42M
Liwwa
Fintech
$18M
Family Bank
Fintech
Mawingu
Telecom
$45M
Ftcash
Fintech
$20M
Easy solar
Fintech
$28M
HUB2
Fintech
$34M
Okra Solar
Energy
$31M
YoLa Fresh
Food
$28M
Farmerline
Food
$33M
SolarX
Energy
$24M
Orb Energy
Energy
$20M
Almacena Platform
Fintech
$15M
ZIZ ENERGIE
Energy
Loom Solar
Energy
$8.0M
Inuka Coaching
Enterprise Software
$2.7M
Oceans of Energy
Energy
$572K
AgriPlace
Food
$572K
Lendable
Fintech
SolarCreed
Food
$22M
Agrocist
Food
Coconoto
Food
ASOBO
Energy
$572K
Built Accounting
Fintech
FarmSlate Technologies
Food
Portfolio founders

Where FMO Entrepreneurial Development Bank’s portfolio founders come from.

78 founders across the 58 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. India22
  2. Netherlands8
  3. United States6
  4. Egypt5
  5. South Africa4
  6. United Kingdom4
  7. Kenya3
  8. Nigeria3
  9. Sierra Leone3
  10. Australia2
UniversityCount
  1. University of Cape Town4
  2. Columbia University School of International and Public Affairs3
  3. HEC Paris3
  4. Indian Institute of Technology Bombay3
  5. McGill University3
  6. Stellenbosch University3
  7. University of Cambridge3
  8. University of Illinois Urbana Champaign3
  9. Harvard Business School2
  10. Indian Institute of Management Ahmedabad2
Previous companyCount
  1. BNP Paribas3
  2. Jumia Group3
  3. Accenture2
  4. BPTP2
  5. Interswitch2
  6. Luminous Power Technologies2
  7. McKinsey & Company2
  8. Microsoft2
  9. MTS India2
  10. Oracle2
How FMO Entrepreneurial Development Bank stacks up

Similar LPs.

Other LPs in the Power Law LP ranking, closest to FMO Entrepreneurial Development Bank by combined power-law score, with the assets each one manages and how many VC funds it backs.

Kunpeng Capital
LP rank #285 · China
10 VC funds backed
Broadhaven Ventures
LP rank #288 · United States
$100M AUM 10 VC funds backed
Dansk Vækstkapital
LP rank #290 · Denmark
11 VC funds backed
J.A.S Ventures
LP rank #292
3 VC funds backed
WE Venture
LP rank #296 · Belgium
14 VC funds backed
BNP Paribas
LP rank #297 · France
16 VC funds backed
Acurio Ventures
LP rank #298 · Spain
$337M AUM 7 VC funds backed
Argentum Asset Management
LP rank #302 · Norway
$3.4B AUM 14 VC funds backed
Key people

Key people at FMO Entrepreneurial Development Bank.

Huib-Jan de Ruijter
Huib-Jan de Ruijter
CIO
 Michael Jongeneel
Michael Jongeneel
CEO
 Fatoumata Bouare
Fatoumata Bouare
CFO
 Franca Vossen
Franca Vossen
CRO
Source: Dealroom next-gen API — investor team endpoint.
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.