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U.S. International Development Finance Corporation (DFC)

Government fund

Washington · Growth · 30 people tracked

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Investment thesis

As the U.S. government's development finance institution, DFC invests in emerging and frontier markets to strengthen supply chains, economic security, and the interests of the United States and its allies. Priority sectors include strategic infrastructure and logistics, healthcare supply chains, financial services in frontier markets, agriculture and food security, energy production and resilience, critical minerals mining and processing, and technology and telecom such as digital networks, data centers, and fiberoptics. Geographic focus spans Sub-Saharan Africa, the Western Hemisphere, the Indo-Pacific, and Europe and Central Asia, with the aim of countering adversary control and advancing regional stability.

Source: firm website, verified Aug 3, 2026.

Stage
Growth
HQ
Washington, US
Instruments
Debt
Last 12 months
1 investment
Tracked investments
11

Team · 30 people

from the firm's website & curated
Ben Black· Chief Executive Officer

Chief Executive Officer of DFC and a member of the Board of Directors.

Benjamin Friedmann· Vice President, Office of External Affairs
Bethany Aquilina Brez· Vice President, Office of Foreign Policyin
Caroline Vik· Chief Policy Officer
Christopher P. Vincze· Chairman and CEO, TRC Companies, Inc.

Appointed director on the DFC Board; Chairman and CEO of TRC Companies, Inc.

Danielle Montgomery· Vice President, Office of Infrastructure
Deven Parekh· Managing Director, Insight Partners

Appointed director on the DFC Board; Managing Director at Insight Partners.

Eric Ueland· PTDO Administrator, U.S. Agency for International Development

Serves on the DFC Board as the performing-the-duties-of Administrator of USAID.

Erica Ehst· Vice President, Office of Energy
Howard Lutnick· Secretary of Commerce, U.S. Department of Commercein

Serves on the DFC Board as U.S. Secretary of Commerce.

Irving W. Bailey II· Senior Advisor, Chrysalis Ventures

Appointed director on the DFC Board; senior advisor at Chrysalis Ventures.

Jamesa M. Hunter· Vice President, Office of Human Resource Management and Chief Human Capital Officer
Marco Rubio· Secretary of State, U.S. Department of State

Serves on the DFC Board of Directors in his capacity as U.S. Secretary of State.

Marques Coleman· Vice President, Strategic Working Office for Rapid Deployment
Robert Stebbins· Vice President and General Counsel
Scott Bessent· Secretary of the Treasury, U.S. Department of the Treasury

Serves on the DFC Board as U.S. Secretary of the Treasury.

Shreena Patel· Acting Vice President, Office of Development Policy
Stephen Duggan· Chief Financial Officerin

What they invest in

from 7 of 11 portfolio companies

AgTech ×2Consumer ×2FoodTech ×2Circular Economy ×1Cleantech ×1Creator Economy ×1Direct to Consumer ×1E-commerce ×1

HQs:Canada×1India×1Kenya×1United States×1

Investments · 11 tracked

founders shown can be your intro path

By year:2026 · 12024 · 42022 · 16 dated

Panacea Biotec Ltd.panaceabiotec.comin

Received a $20M DFC loan to expand production of its six-in-one hexavalent vaccine protecting against diphtheria, tetanus, polio, pertussis, hepatitis B, and Hib.

Pelapela.earth𝕏Apr 2026

Pela develops compostable consumer products and food waste conversion technology.

Circular EconomyCleantechConsumerDirect to ConsumerHardwareKelowna, CA

Jeremy Lang(Founder)in

Co-investorsGarage CapitalKensington Capital Partners LimitedMarcy Venture Partners

Roamwithroam.comFeb 2024 · $24M

Roam makes homeownership more affordable by providing a more user-friendly experience around real estate, the largest asset class globally.

FintechPropTech

Raunaq Singh(Founder)in

Co-investorsFifth WallFounders FundKhosla VenturesAt One VenturesMythos Ventures Management, LlcRenew Capital+1 more

Roamroam.lolin𝕏Feb 2024 · $24M

Roam is a platform that generates playable games from simple inputs, turning users into game creators.

Creator EconomyGaming

Co-investorsStreamlined VenturesAt One VenturesEquatorFounders FundKhosla VenturesRenew Capital

Roamroammedia.comFeb 2024 · $24M

Roam Media operates Outside Learn, an online learning platform offering more than 4,000 videos across 1,000 lessons in climbing, skiing, fitness, yoga, backpacking, and nutrition.

EdTechMedia & EntertainmentSports Tech

Co-investorsAdvancit CapitalBlack Jays VenturesMiroma VenturesAt One VenturesCourtside VenturesEquator+3 more

Soothesoothe.com𝕏Oct 2022

Soothe operates an on-demand marketplace app that connects consumers and businesses with independent, licensed wellness professionals offering massage, skincare, hair, and beauty services delivered in homes, hotels, and workplaces.

ConsumerMarketplacesWellness & FitnessLos Angeles, US

Merlin Kauffman(Executive Officer, Director, Promoter)inScott Kauffman(Chief Financial Officer)

Co-investorsSixth Sense VenturesA91 PartnersSymphony International Holdings

Stellapps Technologiesstellapps.comin𝕏Oct 2024 · $26M

Stellapps builds the SmartMoo™ full-stack IoT platform that digitizes and optimizes milk production, procurement, and cold-chain management using sensors, big data, and machine learning.

AgTechFoodTechIoTSaaSBangalore, IN

Ranjith Mukundan(CEO)inRamakrishna Adukuri(Founder)inPraveen NaleRavishankar ShiroorinVenkatesh SeshasayeeinYawar Usmaniin

Co-investorsBill & Melinda Gates Foundation500 GlobalBlue Ashva CapitalCelesta CapitalQualcomm VenturesABB Technology Ventures+4 more

Victory Farmsvictoryfarmskenya.comin

Victory Farms Kenya sells tilapia fillets sourced from Lake Victoria through partnerships with local fishermen, with zero-plastic packaging and online ordering via M-Pesa payment.

AgTechE-commerceFoodTechImpact & Social GoodKaksingri, KE

Co-investorsAgDevCoCeniarthTimon CapitalVestedWorldAcumenCreadev+2 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Hewa TeleLancaster Exploration LimitedSuperhumans Center

Portfolio news

latest coverage across their companies
Trysignalbase

Victory Farms · trysignalbase.com · Jul 28, 2026

Frequently asked questions

How many investments has U.S. International Development Finance Corporation (DFC) made?
U.S. International Development Finance Corporation (DFC) has 11 tracked investments, including 2 dated in the last 24 months.
What stage does U.S. International Development Finance Corporation (DFC) invest at?
U.S. International Development Finance Corporation (DFC) invests at the Growth stage.
What sectors does U.S. International Development Finance Corporation (DFC) focus on?
U.S. International Development Finance Corporation (DFC) focuses on AgTech, Climate Tech, Energy, Healthtech, Impact & Social Good.
Where is U.S. International Development Finance Corporation (DFC) located?
U.S. International Development Finance Corporation (DFC) is headquartered in Washington, US.

Media · Podcasts & interviews

from their channel

American Economic Statecraft in a Realigned World | CEO Ben Black and Sen. Bill Hagerty at FDD

DFC

Restoring U.S. Economic Security | CEO Ben Black at House Foreign Affairs Committee Hearing

DFC

Economic Statecraft and U.S. Energy Abundance | CEO Ben Black at SAFE Summit

DFC

Investing in Ukraine’s Future | CEO Ben Black at U.S.-Ukraine Partnership Forum

DFC

American Economic Statecraft Is Back | CEO Ben Black at Endless Frontiers

DFC

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