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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
Tracked investments
7

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
Frank Esquivel· Senior Vice President for Operationsin
Goldie Shturman· Acting Vice President, Office of Investment Fundsin
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.

James C. Polan· Vice President, Office of Health and Agribusinessin
Jamesa M. Hunter· Vice President, Office of Human Resource Management and Chief Human Capital Officer
Jim Kelly· Head of Global Business Development and Capital Marketsin
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 3 of 7 portfolio companies

Creator Economy ×1EdTech ×1Fintech ×1Gaming ×1Media & Entertainment ×1PropTech ×1Sports Tech ×1

Investments · 7 tracked

founders shown can be your intro path
Hewa Tele

Using a $10M DFC loan to expand decentralized oxygen production and distribution, reducing costs and improving accessibility.

Lancaster Exploration Limited

Subsidiary of Canada's Mkango Resources developing the Songwe Hills Rare Earths mine in Malawi to advance rare earths supply chains decoupled from strategic adversaries.

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.

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, LlcEquator+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 VenturesEquatorFounders Fund+2 more

Superhumans Center

Ukrainian non-profit backed by $25M in DFC political risk insurance, supporting care for those injured during Russia's invasion.

Portfolio news

latest coverage across their companies

Frequently asked questions

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

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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