Where is Proparco's headquarters located?

Proparco's headquarters is located in Paris (France).

How many companies has Proparco invested in?

Proparco has invested in 92 companies, including Husk Power Systems & d light.

Which companies has Proparco invested in lately?

CarbonFarm Technology & ARC Ride are the latest investments by Proparco.

What sectors does Proparco focus on for investments?

Top sectors in Proparco's portfolio are Enterprise Applications (11 investments) and FinTech (8 investments).

What stages of companies does Proparco typically invest in?

Proparco primarily invests in Series A and Series B stages.

How many exits has Proparco been involved in?

Proparco's portfolio has seen 5 IPOs and 16 acquisitions.

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

Proparco, established in 1977, is a social impact fund primarily based in Paris, France. It primarily finances Conventional Debt rounds for companies based in India. Its portfolio includes 92 firms, spanning the Enterprise Applications, FinTech sectors.

As of Oct 2026, Proparco has witnessed 21 portfolio exits. Its most notable investments include companies like Husk Power Systems, d light and Northern Arc Capital.

Its latest investment was a $7.83M Series A round in CarbonFarm Technology on Oct 13, 2026, which also saw participation from Colam Impact and Suma Capital.

Key Metrics

Founded Year

1977

Location

Paris, France

Portfolio Companies

Husk Power Systems, d light & 90 more

Sectors of Investment

Enterprise Applications, FinTech & 30 more

Stages of Investment

Conventional Debt, Series A & 10 more

Locations of Investment

Kenya, India & 34 more

View Proparco's full profile

Proparco has a portfolio of 92 companies. Their most notable investments are in Sahyadri Farms and Jumo.Their portfolio spans across Kenya, India, Nigeria and 33 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 29 other sectors, across stages such as Conventional Debt, Series A and 10 more. Here is the list of top investments by Proparco:

1. Husk Power Systems

AI-powered distributed energy platform delivering clean, reliable power in Global South. The company powers prosperity by providing renewable electricity to unserved and underserved communities. It utilizes an AI-enabled distributed energy resources (DER) platform to serve communities, commercial & industrial (C&I) businesses, and individual households. It offers flexible “pay-as-you-go” options. The company's assets are grid interoperable, supporting national electrification efforts. The platform leverages artificial intelligence to optimize energy demand, maximize renewable energy mix, and enhance customer service. It focuses on clean energy, renewable energy, solar power, rural electrification, energy access, commercial and industrial solar, rural e-commerce, digital finance, distributed renewable energy, community solar, and solar minigrids.

Key facts about Husk Power Systems

Founded Year: 2008
Location: Fort Collins (United States)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
Stage: Series D
Total Funding till date: $74.3M
Employee Count: 466 as on Sep 30, 2026
Investors: Shell, Engie and 18 Others
Latest Funding Round: Conventional Debt, Sep 10, 2025, $*****
Highlight: Editors' Pick

2. d light

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Key facts about d light

Founded Year: 2004
Location: Nairobi (Kenya)
Stage: Series E
Total Funding till date: $118M
Employee Count: 107 as on Feb 28, 2025
Investors: Nexus Venture Partners, Shell and 38 Others
Latest Funding Round: Conventional Debt, Feb 20, 2024, $*****

3. Northern Arc Capital

Provider of household and business loans. Its services include market research and fund management. Its business model operates with a risk management framework that uses quantitative data analytics and qualitative assessment & monitoring. The Company operates a differentiated credit model that combines Direct-to-Customer lending with a credit solutions for origination partners.

Key facts about Northern Arc Capital

Founded Year: 2008
Location: Chennai (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
Stage: Public
Total Funding till date: $315M
Employee Count: 1,126 as on Mar 31, 2026
Investors: Affirma Capital, 360 One and 34 Others
Latest Funding Round: Venture Debt, Jun 25, 2024, $*****
Highlight: Public

4. Access Bank

Key facts about Access Bank

Founded Year: 1989
Location: Lagos (Nigeria)
Stage: Public
Employee Count: 24,382 as on Sep 30, 2026
Investors: European Investment Bank, Proparco and 9 Others
Latest Funding Round: Conventional Debt, Aug 19, 2020, $*****
Highlight: Public

5. Daystar Power

Daystar Power is an African company that offers solar system installations for businesses and consumers. Provides power solutions on a leasing basis, allowing customers to purchase power in fixed monthly instalments. Also provides remote monitoring services and power purchase agreements.

Key facts about Daystar Power

Founded Year: 2017
Location: Ebene City (Mauritius)
Stage: Acquired
Total Funding till date: $62M
Employee Count: 262 as on Sep 30, 2026
Investors: Morgan Stanley, STOA and 10 Others
Latest Funding Round: Grant (prize money), Jan 11, 2022, $*****
Highlight: Acquired

View the full list of portfolio companies

Proparco has invested in 99 companies over the last 21 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Oct 2026, it has made 9 investments in this year. Its most recent first time investment was in CarbonFarm Technology and most recent follow-on round was in WIOCC.

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

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	9	0	9
2025	2	1	3
2024	4	2	6
2023	19	2	21
2022	12	1	13
2021	7	0	7
2020	5	2	7
2019	6	1	7
2018	7	4	11
2017	3	0	3

View all investments by Proparco

Proparco has made 40 investments in Conventional Debt stage with an average round size of $94.2M, 17 investments in Series A stage with an average round size of $10.1M and 10 investments in Series B stage with an average round size of $16.1M.

Here are Proparco's investments by stage:

Stage of entry	No. of Investments
Conventional Debt	40
Series A	17
Series B	10
Seed	9
PE	4
Others	10

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

View all investments by Proparco

Proparco has a diverse portfolio, with companies operating in the Financial Services, Energy, Environment, Enterprise Applications and Consumer. Notably, it has invested in 47 Enterprise (B2B) companies, 30 Tech companies, 25 Consumer (B2C) companies and at least 15 companies focusing on Software.

Here are Proparco's investments by sector:

Sector	No. of Investments
Financial Services	18
Energy	16
Environment	14
Enterprise Applications	11
Consumer	10
Others	88

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

View all investments by Proparco

Proparco has made most investments in India (12), followed by Kenya where it has made 12 investments.

Here are Proparco's investments by geography:

Country	No. of Investments
India	12
Kenya	12
Nigeria	7
France	4
South Africa	4
Others	51

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

View all investments by Proparco

Proparco has made 9 investments in 2026 so far. CarbonFarm Technology and ARC Ride are the latest among them.

Here are the most recent investments by Proparco:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 13, 2026	CarbonFarm Technology	France	Series A	1397	Colam Impact [+7]
Sep 08, 2026	ARC Ride	United Kingdom	Series A	7517	Novastar Ventures [+5]
Jun 28, 2026	TIBU	Kenya	Conventional Debt	3262	-
Jun 27, 2026	Anda	Angola	Series A	5081	-
Jun 23, 2026	Eden Care	Rwanda	Seed	4732	-

See more recent investments made by Proparco

5 of Proparco's portfolio companies have become public. Northern Arc Capital got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Sep 2024 at marketcap of $507M and Calgro M3 got listed on the Johannesburg Stock Exchange (JSE).

Here are Proparco's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Northern Arc Capital	Sep 24, 2024	Aug 08, 2022	Conventional Debt	8299
Calgro M3	Dec 13, 2021	Oct 25, 2017	Conventional Debt	6887
Access Bank	Oct 17, 2016	Feb 12, 2018	Conventional Debt	7063
Ecobank	Sep 11, 2006	2012	Conventional Debt	9269
LOLC	-	Feb 24, 2016	Conventional Debt	5472

View more details about public companies in Proparco's portfolio

16 companies from Proparco's portfolio have been acquired. The most recent acquisition was ANKA.

Here are Proparco's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
ANKA	Oct 22, 2025	Sep 19, 2023	Seed	6890
Goodlife	Jul 31, 2025	Mar 02, 2022	Conventional Debt	3484
Neoen	Jun 25, 2024	Nov 29, 2018	Conventional Debt	3477
Sonata Finance	Feb 10, 2023	Nov 18, 2016	Series D	2008
Ignite Holding	Oct 11, 2022	Aug 16, 2017	Series B	1178

View all acquired companies in Proparco's portfolio

Proparco has a team of 13 members located in France. Proparco's team does not sit on the board of any company as of now.

View team details of Proparco

Over the past 21 years, 543 investors have co-invested in Proparco's portfolio companies. This includes funds and angels.

Invested before Proparco: FMO, IFC and 280 others have invested in rounds before Proparco. There are 11 companies where FMO has invested before Proparco and 8 companies where IFC has invested before Proparco.
Top Co-investors of Proparco: 135 investors entered a company along with Proparco. These include investors like FMO (16 companies).
Invested after Proparco: A total of 126 investors have invested in Proparco's portfolio after their investments. Top Investors include IFC (5 companies) and Symbiotics Group (3 companies).