The Stellar Development Foundation (SDF) is a nonprofit organization dedicated to creating equitable access to the global financial system through blockchain technology. Structured as a non-stock, nonprofit corporation under Delaware laws, SDF focuses on supporting the growth and development of the Stellar network. It invests in assets, protocols, companies, and teams that align with its mission to build public goods, advocate for policy, and promote the ecosystem. SDF has actively invested $157.4 million across five funding rounds from October 2021 to September 2025, targeting fintech (four investments) and crypto & Web3 (one investment). Investments span seed (two), other (two), and Series E (one) stages, with a geographic focus on Nigeria (two), Kenya (two), and Mauritius (one). Backed companies include Arrel in Mauritius, Cedar Money and Kredete in Nigeria, and Kotanipay and Tala in Kenya. SDF has co-invested alongside firms such as QED Investors, IVP, and North Island Ventures in these rounds.
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