When was Green Climate Fund founded?

Green Climate Fund was founded in 2010.

Where is Green Climate Fund's headquarters located?

Green Climate Fund's headquarters is located in Incheon (South Korea).

How many companies has Green Climate Fund invested in?

Green Climate Fund has invested in 15 companies, including ACWA Power & Agence Francaise de Developpement.

Which companies has Green Climate Fund invested in lately?

Bank of Alexandria & Kshema General Insurance are the latest investments by Green Climate Fund.

What sectors does Green Climate Fund focus on for investments?

Top sectors in Green Climate Fund's portfolio are Financial Services (5 investments) and Energy (4 investments).

What stages of companies does Green Climate Fund typically invest in?

Green Climate Fund primarily invests in Series B and Series C stages.

How many exits has Green Climate Fund been involved in?

Green Climate Fund's portfolio has seen 1 IPO and 2 acquisitions.

Green Climate Fund - 2026 Investor Profile, Portfolio & Investment Trends

Green Climate Fund, established in 2010, is a social impact fund primarily based in Incheon, South Korea. It primarily finances Series C rounds for companies based in India. Its portfolio includes 15 firms, spanning the Financial Services, Energy sectors.

As of Nov 2026, Green Climate Fund has witnessed 3 portfolio exits. Its most notable investments include companies like ACWA Power, Agence Francaise de Developpement and BMCI.

Its latest investment was a $30M Unattributed round in Bank of Alexandria on Dec 19, 2025.

Key Metrics

Founded Year

2010

Location

Incheon, South Korea

Portfolio Companies

ACWA Power, Agence Francaise de Developpement & 13 more

Sectors of Investment

Financial Services, Energy & 7 more

Stages of Investment

Conventional Debt, Series B & 6 more

Locations of Investment

India, United States & 6 more

View Green Climate Fund's full profile

Green Climate Fund has a portfolio of 15 companies. Their most notable investments are in Pahal Financial Services and BMCI.Their portfolio spans across India, United States, Morocco and 5 more locations. They have invested in Financial Services, Energy, Environment and 6 other sectors, across stages such as Conventional Debt, Series B and 6 more. Here is the list of top investments by Green Climate Fund:

1. ACWA Power

ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with operations in 13 countries in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power’s portfolio, with an investment value in excess of USD 26 billion, can generate 16.9 GW of power and produce 2.5 million m3 /day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models. In 2022, the company recorded annual revenues of $1.47B and a net profit of $0.35B.

Key facts about ACWA Power

Founded Year: 2004
Location: Riyadh (Saudi Arabia)
Stage: Public
Total Funding till date: $100M
Employee Count: 3,228 as on Sep 30, 2026
Investors: Public Investment Fund, Sanabil and 11 Others
Latest Funding Round: Conventional Debt, Jun 15, 2021, $*****
Highlight: Public

2. Agence Francaise de Developpement

Key facts about Agence Francaise de Developpement

Founded Year: 1941
Location: Paris (France)
Stage: Funding Raised
Employee Count: 3,650 as on Sep 30, 2026
Investors: Triodos Investment Management, Green Climate Fund and 1 Other
Latest Funding Round: Grant (prize money), Jan 01, 2019, $*****

3. BMCI

Key facts about BMCI

Founded Year: 1964
Location: Casablanca (Morocco)
Stage: Series B
Total Funding till date: $28.2M
Employee Count: 3,377 as on Sep 30, 2026
Investors: Green Climate Fund and EBRD
Latest Funding Round: Series B, Jan 05, 2022, $*****

4. Bank of Alexandria

Key facts about Bank of Alexandria

Founded Year: 1957
Location: Cairo (Egypt)
Stage: Acquired
Total Funding till date: $30M
Employee Count: 6,844 as on Sep 30, 2026
Investors: Green Climate Fund and EBRD
Latest Funding Round: Conventional Debt, Dec 19, 2025, $*****
Highlight: Acquired

5. Pahal Financial Services

Provider of microfinance services to low-income households. It offers various loan products, including joint liability group loans, individual loans, and vehicle loans, designed to support financial inclusion and enhance the livelihood of its clients. The company also provides supplementary financial products. Its services are characterized by affordability, transparency, and a commitment to maintaining the dignity of its customers.

Key facts about Pahal Financial Services

Founded Year: 2011
Location: Ahmedabad (India)
Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series C
Total Funding till date: $43.9M
Employee Count: 3,714 as on Jul 31, 2025
Investors: Unifi, SIDBI and 34 Others
Latest Funding Round: Series C, Mar 28, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Green Climate Fund has invested in 15 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 4 investments. Its most recent first time investment was in Bank of Alexandria and most recent follow-on round was in Crdit Du Maroc.

Here are Green Climate Fund's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	4	0	4
2024	1	0	1
2023	1	0	1
2022	1	1	2
2021	3	0	3
2020	2	0	2
2019	1	0	1

View all investments by Green Climate Fund

Green Climate Fund has made 4 investments in Conventional Debt stage with an average round size of $285M, 2 investments in Series B stage with an average round size of $24.1M and 2 investments in Series C stage with an average round size of $20.8M.

Here are Green Climate Fund's investments by stage:

Stage of entry	No. of Investments
Conventional Debt	4
Series B	2
Series C	2
Grant (prize money)	1
Series A	1
Others	3

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

View all investments by Green Climate Fund

Green Climate Fund has a diverse portfolio, with companies operating in the Financial Services, Energy, Environment, Auto and Sustainability Tech. Notably, it has invested in 4 Enterprise (B2B) companies, 3 Tech companies, 2 Consumer (B2C) companies and at least 2 companies focusing on Social impact.

Here are Green Climate Fund's investments by sector:

Sector	No. of Investments
Financial Services	5
Energy	4
Environment	3
Auto	2
Sustainability Tech	2
Others	5

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

View all investments by Green Climate Fund

Green Climate Fund has made most investments in India (5), followed by Morocco where it has made 2 investments.

Here are Green Climate Fund's investments by geography:

Country	No. of Investments
India	5
Morocco	2
United States	2
China	1
Egypt	1
Others	2

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

View all investments by Green Climate Fund

Green Climate Fund has not made any investment in 2026 so far.

Here are the most recent investments by Green Climate Fund:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Dec 19, 2025	Bank of Alexandria	Egypt	Unattributed	8865	-
Nov 03, 2025	Kshema General Insurance	India	Series B	4389	-
Aug 22, 2025	Vertelo	India	Series D	5460	AllianzGI [+1]
Mar 28, 2025	Pahal Financial Services	India	Series C	9956	The Huruma Fund
Mar 13, 2024	SIDBI	India	Series C	4693	-

See more recent investments made by Green Climate Fund

1 of Green Climate Fund's portfolio company became public - ACWA Power. It got listed on the Saudi Stock Exchange (TADAWUL), in Oct 2021 at marketcap of $10.9B

Here are Green Climate Fund's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
ACWA Power	Oct 11, 2021	Apr 23, 2021	Conventional Debt	4238

View more details about public companies in Green Climate Fund's portfolio

2 companies from Green Climate Fund's portfolio have been acquired. The most recent acquisition was Crdit Du Maroc in Apr 2022 by Holmarcom for $*****.

Here are Green Climate Fund's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Crdit Du Maroc	Apr 27, 2022	Feb 07, 2020	Conventional Debt	3793
Bank of Alexandria	Oct 18, 2006	Dec 19, 2025	Unattributed	7766

View all acquired companies in Green Climate Fund's portfolio

Over the past 7 years, 57 investors have co-invested in Green Climate Fund's portfolio companies. This includes funds and angels.

Invested before Green Climate Fund: Sanabil, First Gulf Bank and 43 others have invested in rounds before Green Climate Fund. There is 1 company where Sanabil has invested before Green Climate Fund and 1 company where First Gulf Bank has invested before Green Climate Fund.
Top Co-investors of Green Climate Fund: 10 investors entered a company along with Green Climate Fund. These include investors like EBRD (4 companies).
Invested after Green Climate Fund: CR Capital Management (1 company) and IFC (1 company) are the investors which have invested in Green Climate Fund's portfolio after their investments.