About DFC
DFC, established in 2019, is a social impact fund primarily based in Washington, DC, United States. It primarily finances Conventional Debt rounds for companies based in India. Its portfolio includes 98 firms, spanning the Food and Agriculture Tech, FinTech sectors.
As of Jun 2025, DFC has 2 unicorns under its belt and has witnessed 24 portfolio exits. Its most notable investments include companies like Yulu, and Northern Arc Capital.
Its latest investment was a $500K Grant (prize money) round in on May 23, 2025.
Key Metrics
Founded Year
2019
Location
Washington, DC, United States
Portfolio Companies
Yulu, &
Sectors of Investment
Stages of Investment
Conventional Debt, Grant (prize money) &
Unicorn in Portfolio
DFC's Portfolio
DFC has a portfolio ofÌý98 companies.Ìý°Õ³ó±ð¾±°ùÌýlatest investmentÌýwas inÌý(Grant (prize money) Round) on May 23, 2025.ÌýThey haveÌý2 unicornsÌýin their portfolio.ÌýUnicorns includeÌýTechMet,Ìý°´Ç²Ô´ÚôÇ.ÌýThey have hadÌý10 portfolio exits.ÌýMost notable exits includeÌýNorthern Arc Capital,ÌýIndia Shelter Finance Corporation andÌýBiological E.DFC's Year-on-Year Investment Trends
DFC has invested in 98 companies over the last 19 years, with an average of 9 new investments annually in the last 10 years. In 2024, it made 17 investments, while as of May 2025, it has made 2 investments in this year. Its most recent first time investment was in Ilara Health and most recent follow-on round was in .
Year | No. of Investments | ||
|---|---|---|---|
1stÌýRound | Follow-on | Total | |
2025 (YTD) | 1 | 1 | 2 |
2024 | 14 | 3 | 17 |
2023 | 13 | 3 | 16 |
2022 | 17 | 2 | 19 |
2021 | 10 | 2 | 12 |
2020 | 10 | 1 | 11 |
2019 | 10 | 1 | 11 |
2018 | 5 | 0 | 5 |
2017 | 2 | 0 | 2 |
2016 | 6 | 1 | 7 |
DFC's Investments by Stage
DFC has made 75 investments in Conventional Debt stage with an average round size of $90.1M, 6 investments in Grant (prize money) stage with an average round size of $58.3M and 3 investments in Series A stage with an average round size of $5.5M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 75 |
Grant (prize money) | 6 |
Series A | 3 |
Series B | 3 |
Series C | 3 |
Others | 5 |
DFC's Investments by Sector
DFC has a diverse portfolio, with companies operating in the Financial Services, FinTech, Sustainability Tech, Consumer and Energy. Notably, it has invested in 41 Enterprise (B2B) companies, 39 Consumer (B2C) companies, 34 Tech companies and at least 17 companies focusing on Social impact.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Financial Services | 31 |
FinTech | 16 |
Sustainability Tech | 16 |
Consumer | 14 |
Energy | 12 |
Others | 100 |
DFC's Investments by Geography
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
India | 33 |
Kenya | 11 |
United States | 6 |
Colombia | 4 |
United Kingdom | 4 |
Others | 36 |
DFC's recent investments
Here are the most recent investments by DFC:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 23, 2025 | United Kingdom | Grant (prize money) | $500K | - | |
Jan 16, 2025 | Kenya | Conventional Debt | $1M | - | |
Dec 18, 2024 | South Africa | Series D | $90M | Finnfund [+1] | |
Nov 07, 2024 | United Kingdom | Conventional Debt | $310M | - | |
Oct 28, 2024 | India | Conventional Debt | $19.8M | - |
Unicorns in DFC's Portfolio
Here is a list of unicorns in DFC's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
55 | TechMet Ltd is a critical minerals investment company that makes direct investments into companies and assets across the value chain. | 2017 | Dublin | Series D | dweuuuv | ||
64 | Financial solutions platform provider | 2014 | Miguel Hidalgo | Series E | {jtmynp |
IPOs and Publicly Listed companies in DFC's Portfolio
Here are DFC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 24, 2024 | Jun 05, 2020 | Conventional Debt | $50M | |
Dec 20, 2023 | Aug 24, 2022 | Conventional Debt | $10M | |
Sep 05, 2022 | Oct 24, 2021 | Grant (prize money) | $50M | |
Aug 23, 2021 | Nov 15, 2016 | Conventional Debt | $73.7M | |
Jul 06, 2020 | Sep 24, 2024 | Grant (prize money) | $3.4M |
Acquired companies in DFC's Portfolio
Here are DFC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2025 | Oct 18, 2024 | Conventional Debt | $30M | |
Mar 11, 2025 | Apr 17, 2018 | Conventional Debt | $4.93M | |
Jan 21, 2025 | Jun 19, 2020 | Conventional Debt | $10M | |
Nov 04, 2024 | Jan 2017 | Conventional Debt | $171M | |
Apr 02, 2024 | Aug 31, 2022 | Conventional Debt | $10M |
Co-investors of DFC
Over the past 19 years, 1076 investors have co-invested in DFC's portfolio companies.
- Invested before DFC:ÌýIFC, FMO and 637 others have invested in rounds before DFC. There are 12 companies where IFC has invested before DFC and 11 companies where FMO has invested before DFC.
- Top Co-investors of DFC:Ìý82 investors entered a company along with DFC. These include investors like IFC (3 companies).
- Invested after DFC:ÌýA total of 355 investors have invested in DFC's portfolio after their investments. Top Investors include FMO (7 companies) and (4 companies).
Recent News related to DFC
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