Overview

Enterprise Fund

The Stellar Enterprise Fund is a venture-style fund for growing the open-source Stellar network. We make direct investments across all stages up to Series E or make acquisitions in global fintech or blockchain companies. Companies should demonstrate real and sustainable Stellar use cases and integrate within 1 year of investment.

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Areas of Interest

Wallets
  • Digital wallets
  • Cross-chain wallets
Startup Acceleration
  • Tools for SMBs in emerging markets
  • Regional incubator funds
Banking Infrastructure
  • Central Bank Digital Currencies (CBDCs)
  • Stablecoin issuance & management 
  • Private banking  infrastructure / Crypto integration
Cross-border payments
  • Business payments for high cost corridors
  • Remittances in high friction markets
Access to financial services
  • On/Off ramps
  • USD savings
  • Lending
  • Financial inclusion in emerging markets
  • Ecommerce / payment processing
  • Tokenized assets

We are also open to new models across asset management, compliance, gaming, liquidity, NFT,  payroll, treasury management, etc.

Investment Criteria

Investments are made in USD or Lumens (XLM). There is no public application for the Enterprise Fund. SDF will source its own candidates based on five criteria:

Stellar Fit
Does Stellar provide compelling value to the Company? Will the team further SDF’s mission?
Impact
Does the company bring real & working use cases to the Stellar ecosystem? Does the Company have potential to 10x Stellar's current transaction volume, network value, or assets under management?
Team
Do we trust management to execute, focus, and commit to building for the long term? Is the team able to build a compelling product that is competitive in the market and brings value to the end user? Does the team have a viable go-to-market plan?
Viability

🅰Does the company have a viable path towards financial independence from Stellar (either through external funding or revenue) in the next 18-24 months?

Timing
Why now – is this the right time for us to invest? Does the team have a clear, realistic, yet ambitious plan of how they will use the money and why they need it now?‍

You can read more on the purpose of the Enterprise Fund and see the full Stellar Mandate here

Our Investments

For early stage startups (pre-Series B) seeking an investment of $500K or less, please see the Matching Fund. We match investments raised from outside investors of up to $500,000 USD and process deals through an expedited process. See application details here.


News

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Stellar Development Foundation Enterprise Fund Invests $10 Million in NetXD

October 28, 2022

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Stellar Development Foundation Enterprise Fund Invests $5 Million in Wave

October 24, 2022

press release

Tala Joins the Stellar Ecosystem to Build Out Digital Banking Capabilities

Oct 14, 2021

Press Release

Announcing the Matching Fund

Oct 8, 2021

Press Release

Stellar Development Foundation Enterprise Fund Invests $15 Million in Airtm

May 25, 2021

Press Release

Stellar Development Foundation Invests $3 Million in Tribal Credit

April 21, 2021

Press Release

Stellar Development Foundation Enterprise Fund Invests in Nigeria-Based Cowrie

March 16, 2021

Press Release

Stellar Development Foundation Invests $5 Million in Wyre

January 26, 2021

Press Release

Stellar Development Foundation Invests $3 Million in Settle Network

December 17, 2020

Press Release

Stellar Development Foundation Announces Enterprise Fund Investment in SatoshiPay

May 28, 2020
Press Release

Stellar Development Foundation Invests $5 Million in Abra

May 7, 2020
Press Release

SDF Announces Strategic Investment in DSTOQ

February 26, 2020