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Stellar Development Foundation

Founders David Maziu00e8res Jed McCaleb Joyce Kim

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 23
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 20
Rounds per year 2.30
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.13
Exits 1
Key employees Soon
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Financial Services
  • FinTech
  • Blockchain
  • Payments
  • Finance

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Interstellar

Blockchain
Financial Services
FinTech
Insurance
Software
28 Dec 2023 San Francisco, California, United States

Arf

Finance
Financial Services
FinTech
Payments
$13M26 Oct 2022 Tallinn, Harjumaa, Estonia

Skrmiish

Blockchain
Gaming
$2M02 Aug 2022 NA - Isle of Man, Middle, Isle of Man

Afriex

Finance
Financial Exchanges
Financial Services
Information Technology
$10M25 Apr 2022 Oakland, California, United States

tip me - the global tip

Fashion
SaaS
Social Entrepreneurship
Software
Supply Chain Management
01 Apr 2022 Berlin, Berlin, Germany

Trace Finance

Banking
Blockchain
Cryptocurrency
Financial Services
FinTech
Venture Capital
$4M16 Feb 2022 Sao Paulo, São Paulo, Brazil

Abra

Bitcoin
Financial Services
Peer to Peer
Transaction Processing
$55M15 Sep 2021 Mountain View, California, United States

Tribal Credit

Artificial Intelligence
Credit Cards
Finance
FinTech
$34M21 Apr 2021 San Jose, California, United States

Cowrie Integrated Systems

$750K15 Mar 2021 Lagos, Lagos, Nigeria
News
Abra Announces $55 Million in Series C Funding

– Abra has raised $55m in Series C funding. The round was led by IGNIA and Blockchain Capital, with new investors including Kingsway Capital, Tiga Investments and the Stellar Development Foundation.
– The round brings Abra’s total funding to date to over $85m since inception.
– This new round will enable the company to further expand its world-class product team into new offerings for wealth management, trading, and payments; scale its marketing team; and develop the company’s fast-growing high net worth and institutional sales offerings.
– Abra has experienced tremendous growth over the past year. The company’s revenues have increased more than ten-fold, while custody services, Abra Trade and Abra Earn, went from zero to $1bn in AUM, with zero defaults.

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Total investments 23
Average round size 14M
Rounds per year 2.30
Peak activity year 2022
Lead investments 8
Follow on index 0.13
Exits 1
Group Appearance index 0.52

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Interstellar

Blockchain
Financial Services
FinTech
Insurance
Software
28 Dec 2023 San Francisco, California, United States

Arf

Finance
Financial Services
FinTech
Payments
$13M26 Oct 2022 Tallinn, Harjumaa, Estonia

Skrmiish

Blockchain
Gaming
$2M02 Aug 2022 NA - Isle of Man, Middle, Isle of Man

Afriex

Finance
Financial Exchanges
Financial Services
Information Technology
$10M25 Apr 2022 Oakland, California, United States

tip me - the global tip

Fashion
SaaS
Social Entrepreneurship
Software
Supply Chain Management
01 Apr 2022 Berlin, Berlin, Germany

Trace Finance

Banking
Blockchain
Cryptocurrency
Financial Services
FinTech
Venture Capital
$4M16 Feb 2022 Sao Paulo, São Paulo, Brazil

Abra

Bitcoin
Financial Services
Peer to Peer
Transaction Processing
$55M15 Sep 2021 Mountain View, California, United States

Tribal Credit

Artificial Intelligence
Credit Cards
Finance
FinTech
$34M21 Apr 2021 San Jose, California, United States

Cowrie Integrated Systems

$750K15 Mar 2021 Lagos, Lagos, Nigeria
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