Where is GGF's headquarters located?

GGF's headquarters is located in Luxembourg (Luxembourg).

How many companies has GGF invested in?

GGF has invested in 9 companies, including NexWafe & Evocabank.

Which companies has GGF invested in lately?

Hyprix & Evocabank are the latest investments by GGF.

What sectors does GGF focus on for investments?

Top sectors in GGF's portfolio are Financial Services (6 investments) and Energy (1 investment).

How many exits has GGF been involved in?

GGF's portfolio has seen 1 IPO.

GGF - 2026 Investor Profile, Portfolio, Team & Investment Trends

GGF, established in 2009, is a social impact fund primarily based in Luxembourg, Luxembourg. It primarily finances Conventional Debt rounds for companies based in Turkey. Its portfolio includes 9 firms, spanning the Financial Services, Energy sectors.

As of Aug 2026, GGF has witnessed 1 portfolio exit. Its most notable investments include companies like NexWafe, Evocabank and Sekerbank.

Its latest investment was a $1.2M Seed round in Hyprix on Mar 23, 2026, which also saw participation from Raymond Russell and Fundomo.

Key Metrics

Founded Year

2009

Location

Luxembourg, Luxembourg

Portfolio Companies

NexWafe, Evocabank & 7 more

Sectors of Investment

Financial Services, Energy & 2 more

Stages of Investment

Conventional Debt, Seed & 1 more

Locations of Investment

Turkey, Armenia & 5 more

View GGF's full profile

GGF has a portfolio of 9 companies. Their most notable investments include NexWafe and Evocabank.Their portfolio spans across Turkey, Armenia, Bosnia And Herzegovina and 4 more locations. They have invested in Financial Services, Energy, Environment and 1 other sectors, across stages such as Conventional Debt, Seed and 1 more. Here is the list of top investments by GGF:

1. NexWafe

NexWafe produces and supplies wafers to solar cell producers. The company manufactures these wafers using Kerfless Wafering Technique by which there is less wastage of raw materials and the cost of production is low than regular.

Key facts about NexWafe

Founded Year: 2015
Location: Freiburg im Breisgau (Germany)
Stage: Series C
Total Funding till date: $121M
Employee Count: 81 as on Jun 30, 2026
Investors: EIC Fund, GAP Technology Holding and 21 Others
Latest Funding Round: Series C, May 31, 2023, $*****
Highlight: Editors' Pick

2. Evocabank

Key facts about Evocabank

Founded Year: 1990
Location: Yerevan (Armenia)
Stage: Funding Raised
Employee Count: 500 as on Jun 30, 2026
Investors: OPEC Fund, EFSE and 1 Other
Latest Funding Round: Conventional Debt, Oct 23, 2025, $*****

3. Sekerbank

Key facts about Sekerbank

Founded Year: 1953
Location: Istanbul (Turkey)
Stage: Public
Employee Count: 4,110 as on Jun 30, 2026
Investors: IFC, Global Climate Partnership Fund and 1 Other
Latest Funding Round: Conventional Debt, Nov 25, 2016, $*****
Highlight: Public

4. Hyprix

Manufacturer of ramjet engines for aerospace and defense propulsion systems. These propulsion units utilize advanced aerodynamics to facilitate high-speed flight. The engineering focus involves the development of hardware designed for integration into aerial platforms. These systems support performance requirements for aviation and defense applications.

Key facts about Hyprix

Founded Year: 2024
Location: Bengaluru (India)
Valuation: $*****
Stage: Seed
Total Funding till date: $1.58M
Employee Count: 16 as on May 31, 2026
Investors: SV Angel, NOMO Ventures and 14 Others
Latest Funding Round: Seed, Mar 23, 2026, $*****

5. JSC TBC Leasing

Provider of financial leasing services for various asset classes. This includes standard financial leasing, operational leasing, and specialized options such as auto leasing, commercial real estate leasing, and motorcycle leasing. They also offer "trade-in" options and financing for taxis. The company provides financing for agricultural equipment and construction projects. Services encompass both new and used assets. A key offering is the ability to replace rental agreements with leasing solutions.

Key facts about JSC TBC Leasing

Founded Year: 2003
Location: Tbilisi (Georgia)
Stage: Series A
Employee Count: 177 as on Jun 30, 2026
Investors: MicroVest, EBRD and 1 Other
Latest Funding Round: Conventional Debt, Aug 16, 2022, $*****

View the full list of portfolio companies

GGF has invested in 9 companies over the last 16 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Hyprix.

Here are GGF's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	1	0	1
2024	0	0	0
2023	0	0	0
2022	0	0	0
2021	0	0	0
2020	1	0	1
2019	2	0	2
2018	0	0	0
2017	1	0	1

View all investments by GGF

GGF has made 6 investments in Conventional Debt stage with an average round size of $14.2M, 1 investment in Seed stage with an average round size of $1.2M and 1 investment in Venture Debt stage with an average round size of $15.9M.

Here are GGF's investments by stage:

Stage of entry	No. of Investments
Conventional Debt	6
Seed	1
Venture Debt	1

Note: We have considered here, only first round of investments

View all investments by GGF

GGF has a diverse portfolio, with companies operating in the Financial Services, Sustainability Tech and Aerospace, Maritime and Defense Tech. Notably, it has invested in 4 Enterprise (B2B) companies, 1 Social impact company, 1 Tech company and 1 company focusing on Tech hardware.

Here are GGF's investments by sector:

Sector	No. of Investments
Financial Services	6
Sustainability Tech	2
Aerospace, Maritime and Defense Tech	1

Note: We have considered here, only first round of investments

View all investments by GGF

GGF has made most investments in Turkey (2), followed by Armenia where it has made 1 investment.

Here are GGF's investments by geography:

Country	No. of Investments
Turkey	2
Armenia	1
Bosnia And Herzegovina	1
Georgia	1
India	1
Others	2

Note: We have considered here, only first round of investments

View all investments by GGF

GGF has made 1 investments in 2026 so far - Hyprix.

Here are the most recent investments by GGF:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Mar 23, 2026	Hyprix	India	Seed	4991	Raymond Russell [+8]
Oct 23, 2025	Evocabank	Armenia	Conventional Debt	4763	OPEC Fund [+1]
Oct 08, 2020	JSC TBC Leasing	Georgia	Conventional Debt	6977	-
Mar 07, 2019	LIDER	Bosnia And Herzegovina	Conventional Debt	4014	-
Jan 07, 2019	Attijari Leasing	Tunisia	Conventional Debt	6306	-

See more recent investments made by GGF

1 of GGF's portfolio company became public - Sekerbank.

Here are GGF's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Sekerbank	-	Jun 09, 2010	Conventional Debt	4581

View more details about public companies in GGF's portfolio

GGF has a team of 1 member located in United Kingdom. GGF's team does not sit on the board of any company as of now.

View team details of GGF

Over the past 16 years, 21 investors have co-invested in GGF's portfolio companies. This includes funds and angels.

Invested before GGF: Sunita Tools, Manish Prataprai Gandhi and 8 others have invested in rounds before GGF. There is 1 company where Sunita Tools has invested before GGF and 1 company where Manish Prataprai Gandhi has invested before GGF.
Top Co-investors of GGF: 9 investors entered a company along with GGF. These include investors like OPEC Fund (1 company).
Invested after GGF: IFC (1 company) and EBRD (1 company) are the investors which have invested in GGF's portfolio after their investments.