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FMO Entrepreneurial Development Bank
Other · Founded 1970 · The Hague, Netherlands
Who FMO Entrepreneurial Development Bank is.
- Historical Background
- Founded in 1970, the Netherlands Development Finance Company (FMO) was established as a public-private partnership. It operates as the Dutch entrepreneurial development bank with a mission to empower entrepreneurs in developing countries.
- Source of Capital
- The Dutch government holds a 51% majority stake in FMO. The remaining 49% is owned by a consortium of commercial banks, trade unions, and other private-sector representatives. FMO also manages funds on behalf of the Dutch Ministries of Foreign Affairs and Economic Affairs.
- Allocation Strategy
- FMO's investment approach is centered on supporting sustainable private sector growth in developing economies through impact investing. The bank concentrates its efforts on three key sectors: financial institutions, energy, and agribusiness, with a focus on food and water. A core element of its approach is the 'Pioneer-Develop-Scale' model, which aims to cultivate unbankable opportunities into viable projects, subsequently moving them towards public or commercial funding. Geographically, FMO's mandate covers investments in over 85 countries, targeting underserved markets where it can take on risks that other financiers may avoid.
The funds FMO Entrepreneurial Development Bank backs.
FMO Entrepreneurial Development Bank is a limited partner in 118 funds. 1 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How FMO Entrepreneurial Development Bank’s fund book is spread.
The 118 funds FMO Entrepreneurial Development Bank backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 113 of 118 with a location on record.
- Rest of world 4943%
- Europe 3834%
- North America 2623%
United States 26 · United Kingdom 9 · Netherlands 8 · India 7
How established those managers are
Managers grouped by how many funds they have raised — across the 62 of 118 with a fund history on record.
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.
The companies FMO Entrepreneurial Development Bank backs directly.
FMO Entrepreneurial Development Bank holds 60 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
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India33
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Netherlands10
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Kenya9
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South Africa9
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Nigeria7
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USA7
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Türkiye5
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UK4
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Argentina3
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Egypt3
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France3
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Mongolia3
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Fintech65
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Energy46
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Food24
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Health3
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Marketing3
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Transportation3
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Enterprise Software2
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Home Living2
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Telecom2
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Education1
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Engineering and Manufacturing Equipment1
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Jobs Recruitment1
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Series B+37
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Series A16
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Seed7
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Breakout Stage53
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Late Growth45
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Mature25
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Early Growth19
Inside FMO Entrepreneurial Development Bank’s portfolio.
The 60 highest-funded portfolio companies, of 58 tracked.
Su
M-
Ec
KE
Wa
Mo
No
In
Ay
DeCo
Le
Vi
Uj
Zo
d.
Gr
Ne
Sa
Sa
Pa
In
Va
VI
Si
Ra
Na
Hu
Fi
Cr
Ar
Az
JC
Ko
do
Ni
Sa
Cr
LE
Th
Tw
Re
Mi
Fr
Ae
Dv
Ta
Ro
Ba
Pe
Ki
Ni
Li
Fa
Ma
Ft
Ea
HU
Sc
OkWhere FMO Entrepreneurial Development Bank’s portfolio founders come from.
116 founders across the 100 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.
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India33
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Netherlands10
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Kenya8
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United States8
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South Africa7
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Nigeria6
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Egypt5
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United Kingdom5
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France3
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Sierra Leone3
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University of Cape Town5
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Harvard Business School4
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Harvard Kennedy School4
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Indian Institute of Technology Bombay4
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Stanford University Graduate School of Business4
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University of Cambridge4
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Columbia University School of International and Public Affairs3
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HEC Paris3
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INSEAD Business School3
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McGill University3
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BNP Paribas3
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Citibank3
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Jumia Group3
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McKinsey & Company3
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Accenture2
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Alphabet | Google2
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Bersin by Deloitte2
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BPTP2
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Citi2
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Deloitte2
Other LPs.
Other LPs in the Power Law LP ranking, closest to FMO Entrepreneurial Development Bank by combined power-law score — Europe first, then the nearest worldwide.
