When was Global Environment Fund founded?

Global Environment Fund was founded in 1990.

Where is Global Environment Fund's headquarters located?

Global Environment Fund's headquarters is located in Bethesda (United States).

How many companies has Global Environment Fund invested in?

Global Environment Fund has invested in 58 companies, including Indian Energy Exchange & Greenko Group.

Which companies has Global Environment Fund invested in lately?

ESDS & ReNew are the latest investments by Global Environment Fund.

What sectors does Global Environment Fund focus on for investments?

Top sectors in Global Environment Fund's portfolio are Enterprise Applications (7 investments) and High Tech (4 investments).

What stages of companies does Global Environment Fund typically invest in?

Global Environment Fund primarily invests in Series A and Series B stages.

How many exits has Global Environment Fund been involved in?

Global Environment Fund's portfolio has seen 7 IPOs and 19 acquisitions.

Global Environment Fund - 2026 Investor Profile, Portfolio & Investment Trends

Global Environment Fund, established in 1990, is a social impact fund primarily based in Bethesda, United States. It primarily finances PE rounds for companies based in India. Its portfolio includes 58 firms, spanning the Enterprise Applications, High Tech sectors.

As of Oct 2026, Global Environment Fund has witnessed 26 portfolio exits. Its most notable investments include companies like Indian Energy Exchange, Greenko Group and ReNew.

Its latest investment was a $10.5M Series A round in ESDS on Jun 03, 2018 along with GEF Capital Partners.

Key Metrics

Founded Year

1990

Location

Bethesda, United States

Portfolio Companies

Indian Energy Exchange, Greenko Group & 56 more

Sectors of Investment

Enterprise Applications, High Tech & 18 more

Stages of Investment

Series A, PE & 4 more

Locations of Investment

United States, India & 10 more

View Global Environment Fund's full profile

Global Environment Fund has a portfolio of 58 companies. Their most notable investments are in Kalki Communication Technologies and Monte Alto Forestal.Their portfolio spans across United States, India, Brazil and 9 more locations. They have invested in Enterprise Applications, High Tech, Real Estate and Construction Tech and 17 other sectors, across stages such as Series A, PE and 4 more. Here is the list of top investments by Global Environment Fund:

1. Indian Energy Exchange

Provider of power trading services. It is a power trading platform which provides a de-mutualized and automated platform for physical delivery of electricity. It enables price discovery and price risk management for participants of the electricity market. It provides open access to consumers on the exchange platform to manage their power portfolio.

Key facts about Indian Energy Exchange

Founded Year: 2008
Location: Noida (India)
Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2026
Stage: Public
Total Funding till date: $30M
Employee Count: 179 as on Mar 31, 2025
Investors: WestBridge Capital, Education Growth Partners and 11 Others
Latest Funding Round: Series A, Oct 2017, $*****
Highlight: Public

2. Greenko Group

Provider of energy transition and decarbonization solutions. Its portfolio includes GHG mitigation, climate risk management, nature conservation, and circular economic approaches to promote environmental stewardship. It has built a portfolio of wind, solar, hydropower, natural gas, and biomass assets within India and plans to expand by developing new greenfield assets.

Key facts about Greenko Group

Founded Year: 2006
Location: Hyderabad (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Stage: Series F
Total Funding till date: $943M
Employee Count: 3,087 as on Aug 31, 2026
Investors: ADIA, Goldman Sachs and 16 Others
Latest Funding Round: Post IPO, Jul 02, 2025, $*****

3. ReNew

Developer of wind & solar energy, hybrid, and hydro power projects. The company develops and operates utility-scale wind, solar, and hydropower projects. It offers net-zero solutions for corporates, including power purchase agreements, green credits, energy management, storage, and green hydrogen. The company also manufactures solar PV products and provides transmission infrastructure.

Key facts about ReNew

Founded Year: 2011
Location: Gurugram (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Stage: Public
Total Funding till date: $1.64B
Employee Count: 3,282 as on Mar 31, 2026
Investors: ADIA, Goldman Sachs and 28 Others
Latest Funding Round: Post IPO, Mar 16, 2026, $*****
Highlight: Public

4. Cantaloupe

Provider of payment processing solutions for merchants and businesses. It offers solutions such as virtual POS terminals, payment gateways, and more. It accepts payments using credit or debit cards. It also provides solutions for loyalty programs, automated route scheduling, intelligent inventory management, and more.

Key facts about Cantaloupe

Founded Year: 1992
Location: Malvern (United States)
Annual Revenue: $100M - $500M as on Jun 30, 2025
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $18.9M
Employee Count: 1,193 as on Aug 31, 2026
Investors: Foundation Capital, GCP Capital Partners and 2 Others
Latest Funding Round: Series B, Apr 27, 2010, $*****
Highlight: Acquired

5. Aurora

Developer of advanced aircraft and enabling technologies for government and commercial sectors. It designs and builds aircraft, integrating autonomous systems, propulsion technologies, and manufacturing processes. The company delivers solutions across aircraft configurations, autonomous systems, propulsion technologies, and manufacturing processes. It develops novel aircraft configurations and enabling technologies that improve flight safety and sustainability. It conducts simulated and live flight testing of aircraft, technologies, and components.

Key facts about Aurora

Founded Year: 1989
Location: Manassas (United States)
Stage: Acquired
Total Funding till date: $6.85M
Employee Count: 786 as on Aug 31, 2026
Investors: CYwP Funds, Global Environment Fund and 2 Others
Latest Funding Round: PE, Mar 15, 2016, $*****
Highlight: Acquired

View the full list of portfolio companies

Global Environment Fund has invested in 60 companies over the last 26 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in ESDS and most recent follow-on round was in ReNew.

View all investments by Global Environment Fund

Global Environment Fund has made 10 investments in Series A stage with an average round size of $10.4M, 8 investments in PE stage with an average round size of $49.3M and 3 investments in Series B stage with an average round size of $11.8M.

Here are Global Environment Fund's investments by stage:

Stage of entry	No. of Investments
Series A	10
PE	8
Series B	3
Unattributed	3
Seed	1
Others	1

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

View all investments by Global Environment Fund

Global Environment Fund has a diverse portfolio, with companies operating in the Environment, Energy, Enterprise Applications, Healthcare and High Tech. Notably, it has invested in 28 Enterprise (B2B) companies, 8 Tech companies, 7 Software companies and at least 5 companies focusing on Social impact.

Here are Global Environment Fund's investments by sector:

Sector	No. of Investments
Environment	8
Energy	6
Enterprise Applications	5
Healthcare	3
High Tech	3
Others	16

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

View all investments by Global Environment Fund

Global Environment Fund has made most investments in India (8), followed by United States where it has made 8 investments.

Here are Global Environment Fund's investments by geography:

Country	No. of Investments
India	8
United States	8
Hungary	3
Brazil	2
Chile	1
Others	4

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

View all investments by Global Environment Fund

Global Environment Fund has not made any investment in 2026 so far.

Here are the most recent investments by Global Environment Fund:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 03, 2018	ESDS	India	Series A	8335	GEF Capital Partners
Apr 06, 2016	ReNew	India	PE	8044	Goldman Sachs [+1]
Jan 07, 2016	Tecverde	Brazil	Series A	3846	-
Oct 14, 2015	ReNew	India	PE	7973	ADIA [+1]
Aug 12, 2015	Concord Enviro	India	Series B	8562	-

See more recent investments made by Global Environment Fund

7 of Global Environment Fund's portfolio companies have become public. ESDS got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Sep 2026 at marketcap of $532M and Concord Enviro got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $170M.

Here are Global Environment Fund's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
ESDS	Sep 04, 2026	Jun 03, 2018	Series A	9526
Concord Enviro	Dec 27, 2024	Aug 12, 2015	Series B	2481
Rishabh Instruments	Sep 11, 2023	Sep 17, 2013	PE	1519
ReNew	Aug 24, 2021	Feb 05, 2014	PE	6169
Indian Energy Exchange	Oct 23, 2017	-	-	7262

View more details about public companies in Global Environment Fund's portfolio

19 companies from Global Environment Fund's portfolio have been acquired. The most recent acquisition was UPC Renewables in Feb 2026 by ACEN for $*****.

Here are Global Environment Fund's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
UPC Renewables	Feb 06, 2026	Feb 11, 2010	PE	9510
Cantaloupe	Jun 16, 2025	Apr 27, 2010	Series B	3236
NEOgas	Nov 21, 2022	-	-	6431
Affidea	Apr 19, 2022	2000	Series A	6518
ComRent	Feb 23, 2022	Jan 31, 2013	PE	5399

View all acquired companies in Global Environment Fund's portfolio

Over the past 26 years, 153 investors have co-invested in Global Environment Fund's portfolio companies. This includes funds and angels.

Invested before Global Environment Fund: Goldman Sachs, Canbank Venture Capital Fund and 20 others have invested in rounds before Global Environment Fund. There is 1 company where Goldman Sachs has invested before Global Environment Fund and 1 company where Canbank Venture Capital Fund has invested before Global Environment Fund.
Top Co-investors of Global Environment Fund: 5 investors entered a company along with Global Environment Fund. These include investors like Asian Development Bank (1 company).
Invested after Global Environment Fund: A total of 126 investors have invested in Global Environment Fund's portfolio after their investments. Top Investors include ADIA (2 companies) and GE Capital (2 companies).