Impact Fund Denmark, formerly the Investment Fund for Developing Countries (IFU), is Denmark's development finance institution, operating since 1967. It manages roughly DKK 15.5 billion and has executed more than 1,300 projects across 100 developing countries in Africa, Asia, and Latin America.

Through its SDG Investment Funds, Impact Fund Denmark channels Danish pension capital into green energy, healthcare, sustainable food systems, and financial services, backed by EU loss guarantees and preferred-return structures. In 2026 it participated in Spiro's $270 million round backing African electric mobility and clean-energy infrastructure.