Since the beginning of 2021, the Stellar Enterprise Fund has invested $24.5M across fintech and blockchain companies in the US, Latin America, and Africa. These strategic venture-style investments grow the open-source Stellar blockchain, help demonstrate real and sustainable use cases on Stellar, and give the companies up to one year to integrate with the network.
Just to name a few of our recent Enterprise Fund investments:
Today, we are excited to announce a new investment track within the Enterprise Fund – the Matching Fund – to help us fund more early stage companies (pre-Series B) interested in building on Stellar. What does this mean?
The Matching Fund will match up to $500,000 USD in investment made by a lead investor in a company and processes deals through an expedited process. The Enterprise Fund itself will continue to support investments across all-stages, but shift to later stage investments up to Series E (pre-IPO).
Why is this important? The mission of the Stellar Development Foundation is to provide equitable access to the world's financial infrastructure. A big part of that growth depends on companies all over the world having access to capital, particularly risk capital, to grow; especially in emerging markets where investors are new to blockchain, including Stellar, and/or have underdeveloped venture ecosystems.
The Matching Fund gives us more flexibility to invest in companies at the earlier stages of development and co-invest alongside investors globally. To be eligible, companies must meet the following three criteria:
(1) Raise Capital: Secure a lead investor and submit your term sheet.
(2) Stellar Scope: Submit a one-page integration scope to be performed within one year of investment close.
(3) Screening: Submit business and legal diligence materials and pass a screening with SDF.
All investment decisions about Matching Fund investments will be made in SDF’s sole and exclusive discretion. Interested in learning more about the Matching Fund? You can find more information and apply here.
To learn more about the Enterprise Fund, visit here.