About IFC
IFC, established in 1956, is a social impact fund primarily based in Washington, DC, United States. It primarily finances Series B rounds for companies based in India. Its portfolio includes 535 firms, spanning the Enterprise Applications, FinTech sectors.
Key Metrics
Founded Year
1956
Location
Washington, DC, United States
Sectors of Investment
Stages of Investment
Conventional Debt, Series B &
Locations of Investment
IFC's Portfolio
IFC has a portfolio ofÌý535 companies.Ìý°Õ³ó±ð¾±°ùÌýlatest investmentÌýwas inÌýSalmon(Series A Round) on Jun 17, 2025.ÌýThey haveÌý22 unicornsÌýin their portfolio.ÌýUnicorns includeÌýRentberry,ÌýMNT Halan,ÌýLeadSquared.ÌýThey have hadÌý10 portfolio exits.ÌýMost notable exits includeÌýBlackBuck,ÌýNorthern Arc Capital andÌýAadhar Housing Finance.IFC's Year-on-Year Investment Trends
IFC has invested in 548 companies over the last 29 years, with an average of 35 new investments annually in the last 10 years. In 2024, it made 41 investments, while as of Jun 2025, it has made 12 investments in this year. Its most recent first time investment was in VUZ and most recent follow-on round was in Salmon.
Year | No. of Investments | ||
|---|---|---|---|
1stÌýRound | Follow-on | Total | |
2025 (YTD) | 9 | 3 | 12 |
2024 | 31 | 10 | 41 |
2023 | 32 | 10 | 42 |
2022 | 32 | 25 | 57 |
2021 | 44 | 22 | 66 |
2020 | 31 | 14 | 45 |
2019 | 37 | 22 | 59 |
2018 | 45 | 20 | 65 |
2017 | 37 | 15 | 52 |
2016 | 35 | 10 | 45 |
IFC's Investments by Stage
IFC has made 153 investments in Conventional Debt stage with an average round size of $105M, 94 investments in Series B stage with an average round size of $26.7M and 72 investments in Series A stage with an average round size of $25.9M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 153 |
Series B | 94 |
Series A | 72 |
Series C | 40 |
PE | 37 |
Others | 96 |
IFC's Investments by Sector
IFC has a diverse portfolio, with companies operating in the Financial Services, FinTech, Consumer, Enterprise Applications and Energy. Notably, it has invested in 259 Enterprise (B2B) companies, 211 Tech companies, 191 Consumer (B2C) companies and at least 86 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Financial Services | 121 |
FinTech | 85 |
Consumer | 71 |
Enterprise Applications | 55 |
Energy | 42 |
Others | 471 |
IFC's Investments by Geography
IFC has made most investments in India (118), followed by United States where it has made 39 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
India | 118 |
United States | 39 |
Brazil | 30 |
China | 17 |
Kenya | 16 |
Others | 281 |
IFC's recent investments
Here are the most recent investments by IFC:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 17, 2025 | Philippines | Series A | $28M | [+4] | |
May 18, 2025 | United States | Series B | $12M | [+1] | |
May 16, 2025 | Kenya | Conventional Debt | $80M | ||
Apr 08, 2025 | Poland | Seed | €9²Ñ | [+1] | |
Apr 03, 2025 | Netherlands | Conventional Debt | $100M | - |
Unicorns in IFC's Portfolio
Here is a list of unicorns in IFC's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of a digital platform for apartment rentals worldwide | 2015 | San Francisco | Series A | obs{iil | ||
62 | Online platform for consumer payments and loans | 2017 | Giza | Series B | smnxnfe | ||
73 | Cloud based platform offering sales CRM and marketing automation solutions | 2011 | Bengaluru | Series C | frprou{ | ||
51 | Provider of buying and selling homes for middle-class customers | 2019 | Bogota | Series C | wgaqubq | ||
48 | Payment gateway solutions for businesses | 2013 | Mandaluyong | Series F | elvqf{t |
IPOs and Publicly Listed companies in IFC's Portfolio
Here are IFC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 22, 2024 | Feb 02, 2017 | Series C | $70M | |
Sep 24, 2024 | Apr 22, 2024 | Series C | $45.8M | |
May 15, 2024 | Dec 05, 2017 | Series A | $608M | |
 | Oct 13, 2023 | Jul 11, 2017 | Series B | $50M |
Sep 22, 2023 | Aug 19, 2014 | PE | $21M |
Acquired companies in IFC's Portfolio
Here are IFC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 17, 2025 | Nov 07, 2024 | Conventional Debt | $25M | |
 | Feb 03, 2025 | - | - | - |
Jan 16, 2025 | Jul 10, 2019 | Conventional Debt | $10M | |
Jan 15, 2025 | Apr 17, 2020 | Conventional Debt | $50M | |
Nov 04, 2024 | May 14, 2019 | Conventional Debt | 0 null |
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Team profile of IFC
IFC has a team of 31 membersÌýincluding 3 Partners and 3 PrincipalsÌýlocated in United States, India and . IFC's team does not sit on the board of any company as of now.Here is a list of top team members in IFC:
Co-investors of IFC
Over the past 29 years, 3380 investors have co-invested in IFC's portfolio companies.
- Invested before IFC:ÌýFMO, British International Investment and 1599 others have invested in rounds before IFC. There are 14 companies where FMO has invested before IFC and 14 companies where British International Investment has invested before IFC.
- Top Co-investors of IFC:Ìý513 investors entered a company along with IFC. These include investors like FMO (12 companies).
- Invested after IFC:ÌýA total of 1266 investors have invested in IFC's portfolio after their investments. Top Investors include British International Investment (18 companies) and DFC (12 companies).
Recent News related to IFC
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