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Agence Française de Développement logo

Agence Française de Développement

Europe, Ile-de-France, France, Paris

Description

AFD is France’s inclusive public development bank.

Investor Profile

Agence Française de Développement has backed more than 13 startups, with 4 new investments in the last 12 months alone. The firm has led 9 rounds, about 69% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant, Debt Financing, Post Ipo Debt rounds (top funding stages).
  • Majority of deals are located in India, Kenya, Pakistan.
  • Strong thematic focus on Financial Services, Finance, Banking.
  • Led 3 rounds in the past year.

Stage Focus

  • Grant (38%)
  • Debt Financing (31%)
  • Post Ipo Debt (15%)
  • Seed (8%)
  • Private Equity (8%)

Country Focus

  • India (23%)
  • Kenya (15%)
  • Pakistan (15%)
  • Mali (8%)
  • Mexico (8%)
  • Turkey (8%)
  • France (8%)
  • Montenegro (8%)
  • Brazil (8%)

Industry Focus

  • Financial Services
  • Finance
  • Banking
  • Electrical Distribution
  • Automotive
  • Communities
  • Transportation
  • Travel
  • Biotechnology
  • Innovation Management
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Agence Française de Développement frequently co-invest with?

Untapped Global
Untapped Global
North America, California, United States, San Francisco
Co-Investments: 1
SS
Swachhata Startup Challenge
Asia, Tamil Nadu, India, Chennai
Co-Investments: 1
EIB
EIB
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 1
Government of India
Government of India
Asia, Delhi, India, New Delhi
Co-Investments: 1
Mercy Corps Ventures
Mercy Corps Ventures
North America, Oregon, United States, Portland
Co-Investments: 1
Villgro
Villgro
Asia, Tamil Nadu, India, Chennai
Co-Investments: 1

What are some of recent deals done by Agence Française de Développement?

Transnet SOC Ltd

Johannesburg, NA - South Africa, South Africa

Transnet operates as an integrated freight transport company that aims ensure a globally competitive freight system.

Logistics
Debt FinancingNov 25, 2025
Amount Raised: $345,388,147
State Bank of India

Mumbai, Maharashtra, India

The State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company.

BankingFinanceFinancial Services
Post Ipo DebtAug 30, 2025
Amount Raised: $116,855,056
Banco do Brasil

Brasília, Rio Grande do Norte, Brazil

Banco do Brasil is a public bank that provides banking services for businesses, agriculture, and consumers.

BankingFinanceFinancial ServicesRetail
Post Ipo DebtJun 2, 2025
Amount Raised: $284,506,029
CGES

Podgorica, NA - Montenegro, Montenegro

CGES offers electricity transmission services to Montenegrin customers.

Electrical DistributionEnergySmall and Medium Businesses
GrantNov 19, 2024
Amount Raised: $1,007,665
The Bank of Punjab

Lahore, Punjab, Pakistan

The Bank of Punjab offers a range of personal and business banking products with home remittance services.

BankingFinanceFinancial Services
GrantOct 4, 2024
Amount Raised: $741,184
The Bank of Punjab

Lahore, Punjab, Pakistan

The Bank of Punjab offers a range of personal and business banking products with home remittance services.

BankingFinanceFinancial Services
Debt FinancingOct 4, 2024
Amount Raised: $54,200,000
Comision Federal de Electricidad

Mexico City, Distrito Federal, Mexico

Federal Electricity Commission is a Mexican government company.

Electrical Distribution
Debt FinancingMay 8, 2024
Amount Raised: $161,202,788

CITIIS provides sustainable urban development by promoting financial and technical assistance and integrating various urban systems.

Financial ServicesProject ManagementSustainability
Debt FinancingMay 31, 2023
Amount Raised: $212,902,239
TSKB

Findikli, Istanbul, Turkey

TSKB is a financial services company that supports economic development.

BankingFinanceFinancial ServicesGovernment
Post Ipo DebtDec 28, 2022
Amount Raised: $80,000,000
CSIR

New Delhi, Delhi, India

Council of Scientific & Industrial Research (CSIR), India, a premier national R&D organisation.

BiotechnologyInnovation Management
GrantDec 7, 2022
Amount Raised: $289,081

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