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US Department of Commerce Portfolio Companies

Investor actively backing innovative startups and growth-stage companies across various industries and funding rounds.

Last updated: July 2026

US Department of Commerce Investment Overview

Portfolio Companies
127
Total Invested
$479.3M
Average Investment
$4.9M

US Department of Commerce's Most Recent Investments (2020+)

Company NameFoundedFunding StageAmountCity
Skills for Rhode Island’s Future2022Grant$4.0MProvidence
Startup Tucson2024Grant$100KTucson
Advanced Robotics for Manufacturing Institute2022Grant$14.2MPittsburgh
Ri Bio2024Grant$4KProvidence
Philadelphia Works2025Grant$393KPhiladelphia
Platform for Social Impact2024Grant$30.0MSan Juan
Shaping Our Appalachian Region2024Grant$40.0MPikeville
Persevere2022Grant$15.4MSalt Lake City
Tulsa Hub for Equitable and Trustworthy Autonomy2024Grant$51.0MTulsa
ClimateReady Tech Hub2024Grant$19.5MSouth Bay

Complete List of US Department of Commerce Portfolio Companies (127)

Export
#CompanyStageAmountLocation
1Skills for Rhode Island’s FutureGrant$4.0MProvidence, United States
2Startup TucsonGrant$100KTucson, United States
3Advanced Robotics for Manufacturing InstituteGrant$14.2MPittsburgh, United States
4Ri BioGrant$4KProvidence, United States
5Philadelphia WorksGrant$393KPhiladelphia, United States
6Platform for Social ImpactGrant$30.0MSan Juan, Puerto Rico
7Shaping Our Appalachian RegionGrant$40.0MPikeville, United States
8PersevereGrant$15.4MSalt Lake City, United States
9Tulsa Hub for Equitable and Trustworthy AutonomyGrant$51.0MTulsa, United States
10ClimateReady Tech HubGrant$19.5MSouth Bay, United States
EmploymentManagement ConsultingNon ProfitRecruiting

Skills for Rhode Island’s Future is to close the workforce skills gap for the unemployed in Rhode Island.

Providence, United States
September 2022
$4.0M
Grant

Founder Contacts

30,000+ verified contacts

Business DevelopmentVenture Capital

Startup Tucson is a community-oriented nonprofit that supports the dreamers, builders, and makers that fuel the economic future of Tucson.

Tucson, United States
September 2024
$100K
Grant

Founder Contacts

30,000+ verified contacts

Information TechnologyRoboticsSoftware

ARM is the nation’s leading collaborative in robotics and workforce innovation.

Pittsburgh, United States
September 2022
$14.2M
Grant

Founder Contacts

30,000+ verified contacts

BiotechnologyLife Science

Ri Bio is a trade association and hub for the life sciences that provides access to capital and creates industry connections.

Providence, United States
August 2024
$4K
Grant

Founder Contacts

30,000+ verified contacts

EducationNon ProfitTraining

Philadelphia Works develops and manages workforce solutions that respond to business needs and increase economic opportunity.

Philadelphia, United States
August 2025
$393K
Grant

Founder Contacts

30,000+ verified contacts

Non Profit

Platform for Social Impact focuses on family economic mobility.

San Juan, Puerto Rico
August 2024
$30.0M
Grant

Founder Contacts

30,000+ verified contacts

CommunitiesInformation ServicesService Industry

Shaping Our Appalachian Region assists community-based initiatives, activities, and advocacy.

Pikeville, United States
August 2024
$40.0M
Grant

Founder Contacts

30,000+ verified contacts

Non ProfitSocial Impact

Persevere, a 501(c)(3) non-profit organization with a mission to support at-risk and justice-impacted individuals.

Salt Lake City, United States
August 2022
$15.4M
Grant

Founder Contacts

30,000+ verified contacts

CommunitiesNational SecuritySecurity

The Tulsa Hub for Equitable and Trustworthy Autonomy is a regional effort that addresses national security concerns.

Tulsa, United States
July 2024
$51.0M
Grant

Founder Contacts

30,000+ verified contacts

Information TechnologyRenewable Energy

ClimateReady Tech Hub develops solutions to address how the environment and humanity are changing.

South Bay, United States
July 2024
$19.5M
Grant

Founder Contacts

30,000+ verified contacts

BiotechnologyLife ScienceManufacturingMedicalService Industry

Advanced Regenerative Manufacturing Institute is a member-based nonprofit organization.

Manchester, United States
July 2024
$44.0M
Grant

Founder Contacts

30,000+ verified contacts

EducationFinanceFinancial ServicesInformation Technology

V-GaN Tech Hub strengthens Vermont's innovation culture by encouraging possibilities in education, research, and commerce.

Burlington, United States
July 2025
$3.4M
Grant

Founder Contacts

30,000+ verified contacts

EducationService IndustrySocial Entrepreneurship

Mid-Atlantic Gigabit Innovation Collaboratory offers local communities practical technology and entrepreneurship education opportunities.

Westminster, United States
June 2024
Grant

Founder Contacts

30,000+ verified contacts

Health CareHospitalMedical

Baton Rouge Health District is a place-based coalition of health-related anchor institutions.

Baton Rouge, United States
June 2025
$2.0M
Grant

Founder Contacts

30,000+ verified contacts

Environmental ConsultingNon Profit

The Water Institute an independent research org that develops scientific and technological solutions to coastal and deltaic issues.

Baton Rouge, United States
June 2023
$109K
Grant

Founder Contacts

30,000+ verified contacts

Non Profit

New Growth Innovation Network focuses on inclusive economic growth and closing structural opportunity gaps.

Chicago, United States
May 2025
Grant

Founder Contacts

30,000+ verified contacts

AdvocacyEducationNon Profit

The Split Second Foundation aims to provide comprehensive care, resources, education, and advocacy to persons with disabilities.

New Orleans, United States
May 2024
$1.8M
Grant

Founder Contacts

30,000+ verified contacts

AutomotiveCustomer ServiceHealth CareService Industry

DriveSmart is a provider of auto warranty parts and provides auto repair services.

Toms River, United States
March 2024
$2.0M
Grant

Founder Contacts

30,000+ verified contacts

Funding PlatformNon ProfitSocial Impact

Southwestern Intermediary Finance Team offers business development services for the creation of employment opportunities.

Weatherford, United States
March 2022
$3.0M
Grant

Founder Contacts

30,000+ verified contacts

AerospaceAutonomous VehiclesConsultingInfrastructure

DronePort Network focuses on autonomous drone services ecosystem, including delivery and infrastructure development.

Oklahoma City, United States
March 2025
$3.6M
Grant

Founder Contacts

30,000+ verified contacts

Business DevelopmentConsultingFinanceFinancial ServicesIncubatorsTraining

Efactory is a business resource center for entrepreneurs and startups in southwest Missouri

Springfield, United States
March 2022
Grant

Founder Contacts

30,000+ verified contacts

Consumer ElectronicsElectronicsEnergyHardwareIncubatorsInnovation ManagementInternet of ThingsManufacturingMedical DeviceProduct Design

mHUB is a leading innovation center for hardtech commercialization

Chicago, United States
March 2026
$1.0M
Grant

Founder Contacts

30,000+ verified contacts

CommunitiesNon ProfitSocial Assistance

PA Wilds Center for Entrepreneurship is to integrate conservation and economic development in a way that strengthens communities.

Kane, United States
January 2024
$387K
Grant

Founder Contacts

30,000+ verified contacts

Health CareNon Profit

Health Tech Alley is a non-profit organization that supports healthcare organizations in providing quality and affordable healthcare.

Columbia, United States
December 2025
$30K
Grant

Founder Contacts

30,000+ verified contacts

Training

Rung for Women works with employers who use geospatial technology to meet their workforce needs.

St Louis, United States
January 2022
$250K
Grant

Founder Contacts

30,000+ verified contacts

Showing 1-25 of 127 portfolio companies

Frequently Asked Questions About US Department of Commerce

How many companies has US Department of Commerce invested in?

US Department of Commerce has invested in 127 companies tracked in our database. The portfolio spans multiple industries and funding stages, from seed-stage startups to late-stage companies.

What industries does US Department of Commerce invest in?

US Department of Commerce's top investment sectors include Non Profit, Education, Service Industry, Information Technology, Training. The firm invests across 46 different industry categories.

What is US Department of Commerce's largest investment?

Among tracked funding rounds, Tulsa Hub for Equitable and Trustworthy Autonomy received $51.0M in a Grant round. US Department of Commerce's total known invested capital is $479.3M.

What is the average investment size for US Department of Commerce?

US Department of Commerce's average investment size is $4.9M across its portfolio of 127 companies.

What are US Department of Commerce's most recent investments?

Recent US Department of Commerce portfolio additions include Skills for Rhode Island’s Future, Startup Tucson, Advanced Robotics for Manufacturing Institute, Ri Bio, Philadelphia Works. These companies were founded in 2020 or later.

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