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The OPEC Fund for International Development (OFID)

120 employees

OPEC Fund is a development finance institution created to foster social and economic progress in the developing world.

Investor insights

Sectors invested in

Energy3

Renewable Energy3

Desalination2

Water2

energy2

Electrical Distribution2

Power2

sustainability2

green energy2

Banking2

Lending2

Financial Services2

Finance2

Capacity Building1

Environment1

Developing Countries1

Current and savings accounts1

rural franchisee service for cooperatives1

various credit and lending products1

household loans and financial leasing1

Funding rounds participated in

$114M sweet spot round size

Most of their 5 investments are in rounds between $1M and $123M

Basic info

Industry

financial services

Sectors

Capacity building

Financial Services

Lending

Energy poverty alleviation

Finance

Public and private sector financing

Global partnerships

International development financing

Sustainable development

Trade Shows

Date founded

1976

Investments made

A

ACWA Power raised $123M on April 25, 2023

Investors: Arab Bank, IRM Green Climate Fund and The OPEC Fund for International Development (OFID)

S

SEABANK raised $220M on January 18, 2022

Investors: BlueOrchard Finance Ltd, KASIKORNBANK, BRED Banque Populaire, responsAbility Investments AG and The OPEC Fund for International Development (OFID)

A

ACWA Power raised $114M on April 23, 2021

Investors: Arab Bank, IRM Green Climate Fund and The OPEC Fund for International Development (OFID)

X

XacBank raised $100M on January 8, 2020

Investors: The OPEC Fund for International Development (OFID)

E

Energy 4 Impact raised $1M on January 15, 2018