OPEC Fund
Vienna, Wien, Austria, Europe
Overview
The OPEC Fund for International Development is a development finance institution founded by OPEC Member States to facilitate aid to developing nations. OFID collaborates with partners in these countries and the global donor community to foster economic growth and reduce poverty in underprivileged areas worldwide. It achieves this by financing the construction of vital infrastructure, enhancing the delivery of social services, and promoting productivity, competitiveness, and trade. OFID prioritizes a people-centered approach, focusing on initiatives that address fundamental needs such as food, energy, clean water, and sanitation, healthcare, and education, to promote self-sufficiency and instill hope for the future.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Lending
- Trade Shows
Investment portfolio
- iFarmer
Led · Grant · Jun 2026
iFarmer operates an integrated platform offering embedded finance, digital agronomic advisory, distribution of agricultural inputs, and output market linkages. The company reports serving over 300,000 farmers and 24,000 agricultural retailers across Bangladesh. Its recent $1.5M funding from Symbiotics is earmarked to expand input distribution and reinforce market connections for farmers nationwide. Accelerating Asia previously backed iFarmer as part of its Cohort 2 portfolio. iFarmer's work targets gaps in financing, access to quality inputs, and reliable markets for Bangladesh's farming population.
Team
No current team members are available.