# Nordic Impact Funds

Nordic Impact Funds is a Private Equity based in Copenhagen, Denmark.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Copenhagen, Denmark
- **Region:** Europe
- **Address:** Copenhagen, Denmark
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** www.nordicimpactfunds.com
- **LinkedIn:** https://www.linkedin.com/company/nordicimpactfunds

## Regulatory record

- **Reports private funds:** No

## About

Nordic Impact Funds is an early-growth impact investor for founders building climate-resilient livelihoods across East Africa. It backs mission-driven teams with patient and flexible capital and hands-on support, acting as a long-term partner. Its mission is to capitalize local SMEs with economically viable and scalable solutions that improve livelihoods and climate adaptation and resilience for underserved groups in East Africa.

## Sectors

- AgriTech & FoodTech
- FinTech
- ClimateTech

## People

- Lisbeth Stausholm Zacho — Managing Partner – Copenhagen; founder of Nordic Impact Funds
- Olivia Byanyima — Regional Director – Kampala
- Anne Katrine B. Vedstesen — Investment Director – Copenhagen
- Micheline Ntiru — Senior Advisor – Nairobi
- Henrik Kähler — Member of the IC – Copenhagen
- Duncan Onyango — Member of the Advisory Board – Nairobi
- phillipa wamala — Investment Manager – Kampala
- Davis luboyera — Portfolio Manager – Kampala
- max grünwald — Investment Analyst – Copenhagen

## Questions

### What investment stages does Nordic Impact Funds target?

The firm targets early and growth-stage companies, providing first-checks and follow-on capital. Its ticket-size range of $100,000 to $2 million positions it between traditional microfinance and larger institutional private equity, allowing it to back founders who have proven product-market fit but require patient capital to scale across East Africa.

### Which sectors does Nordic Impact Funds explicitly avoid?

The firm’s website does not publish a formal exclusion list. However, its stated investment pillars — agri-food value chains and inclusive finance/fintech — indicate a mandate tightly bound to climate adaptation, livelihoods, and financial inclusion. Sectors outside these themes, such as extractives, consumer hardware, or heavy infrastructure, appear to fall outside its scope.

### Does Nordic Impact Funds participate in fund commitments or only direct deals?

The firm’s model is built on direct investments in local small- and medium-sized enterprises. Its website describes ticket sizes and hands-on technical assistance suited to direct positions. There is no indication it makes fund-of-fund commitments to other East Africa-focused managers.

### How does the firm structure its impact and financial return objectives?

Impact is embedded alongside financial return through flexible capital instruments, including equity, equity-like structures, and revenue-linked finance. The firm adds technical assistance on governance, climate-smart technologies, and impact management to each investment. Environmentally, it targets climate adaptation and resilience for smallholder farmers, low-income groups, and women — populations it considers disproportionately affected by climate volatility in East Africa.

### Who runs investment decisions at Nordic Impact Funds?

Nordic Impact Funds does not publicly name its investment committee members, managing partners, or investment team on its website or LinkedIn. This opacity limits an allocator’s ability to evaluate the experience and track record of the individuals making capital-allocation and portfolio-support decisions across the six East African markets it covers.

## Related profiles

- [Nordic Growth](https://altss.com/profile/nordic-growth)
- [Nordic Innovation](https://altss.com/profile/nordic-innovation)

---

Last updated: 2026-08-11T15:07:34.613Z

Canonical page: https://altss.com/profile/nordic-impact-funds

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology