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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
Rung for Women2022Grant$250KSt Louis
Washington Maritime Blue2023Grant$50KSeattle
BioSTL2023Grant$2.0MSt Louis
SOVA Innovation Hub2025GrantUndisclosedSouth Boston
Greentown Labs2024Grant$3.0MSomerville
Opportunity Alabama2021GrantUndisclosedBirmingham
Greater MSP2021Grant$500KSaint Paul
Friends of Puerto Rico2024Grant$600KWashington
Evergreen Climate Innovations2023Grant$750KChicago
Codefi Works2023Grant$321KCape Girardeau

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

Export
#CompanyStageAmountLocation
26Rung for WomenGrant$250KSt Louis, United States
27Washington Maritime BlueGrant$50KSeattle, United States
28BioSTLGrant$2.0MSt Louis, United States
29SOVA Innovation HubGrantUndisclosedSouth Boston, United States
30Greentown LabsGrant$3.0MSomerville, United States
31Opportunity AlabamaGrantUndisclosedBirmingham, United States
32Greater MSPGrant$500KSaint Paul, United States
33Friends of Puerto RicoGrant$600KWashington, United States
34Evergreen Climate InnovationsGrant$750KChicago, United States
35Codefi WorksGrant$321KCape Girardeau, United States
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

Marine TechnologyNon ProfitSustainability

Washington Maritime Blue is committed to the development of maritime business, technology, and practices.

Seattle, United States
December 2023
$50K
Grant

Founder Contacts

30,000+ verified contacts

BiotechnologyLife ScienceMedical

BioSTL builds regional capacity and fosters collaborative efforts to advance innovation,

St Louis, United States
January 2023
$2.0M
Grant

Founder Contacts

30,000+ verified contacts

Management ConsultingNon Profit

SOVA Innovation Hub is a is a non-profit organisation established in 2020 with investments by Mid-Atlantic Broadband Communities Corporation

South Boston, United States
December 2025
Grant

Founder Contacts

30,000+ verified contacts

AutomotiveClean EnergyEnergy EfficiencyIncubatorsSolar

Greentown Labs is a climate technology incubator that seeks to invest in the clean technology, energy, and environmental industries.

Somerville, United States
December 2024
$3.0M
Grant

Founder Contacts

30,000+ verified contacts

CommunitiesNon Profit

Opportunity Alabama is a nonprofit initiative dedicated to connecting investors with investable assets in Alabama’s Opportunity Zones.

Birmingham, United States
December 2021
Grant

Founder Contacts

30,000+ verified contacts

Non Profit

GREATER MSP is the economic development partnership for the 15-county minneapolis saint paul region.

Saint Paul, United States
December 2021
$500K
Grant

Founder Contacts

30,000+ verified contacts

Non ProfitSustainability

Friends of Puerto Rico is a non-partisan, non-profit social impact organization.

Washington, United States
December 2024
$600K
Grant

Founder Contacts

30,000+ verified contacts

Clean EnergyCleanTechImpact InvestingRenewable Energy

Evergreen Climate Innovations supports entrepreneurs and startups that are bringing impactful climate technologies to market.

Chicago, United States
November 2023
$750K
Grant

Founder Contacts

30,000+ verified contacts

CommunitiesTraining

Codefi Works develops an ecosystem to train workers and entrepreneurs to build and expand the digital economies of rural communities.

Cape Girardeau, United States
November 2023
$321K
Grant

Founder Contacts

30,000+ verified contacts

BiotechnologyHealth CareLife Science

LifeX Labs is a biotechnology company designed to commercialize both faculty research and aid life sciences entrepreneurs.

Pittsburgh, United States
November 2023
$2.0M
Grant

Founder Contacts

30,000+ verified contacts

AdvocacyNon ProfitSocial Entrepreneurship

ThriveHI is a non-profit organization that provides tech and entrepreneurship advocacy services.

Honolulu, United States
November 2023
$300K
Grant

Founder Contacts

30,000+ verified contacts

BiotechnologyLife ScienceMedical Device

Mansfield Bio-Incubator is a biotechnology company that provides laboratory instruments with maintenance and technical support.

Mansfield, United States
November 2023
$1.3M
Grant

Founder Contacts

30,000+ verified contacts

Business DevelopmentConsultingPersonal DevelopmentProfessional Services

20Fathoms is a technology incubator and startup hub for entrepreneurs and tech professionals.

Traverse City, United States
November 2023
$2.0M
Grant

Founder Contacts

30,000+ verified contacts

Advanced MaterialsAgTechChemicalClean EnergyCleanTechLife ScienceNutritionRenewable Energy

The Innovation Space™ is a not-for-profit innovation ecosystem and a virtual and physical home for leading science entrepreneurs.

Wilmington, United States
November 2023
$750K
Grant

Founder Contacts

30,000+ verified contacts

BiotechnologyEducationNon Profit

University Lab Partners is a non-profit wet lab facility that helps companies by providing access to research capabilities and resources.

Irvine, United States
November 2023
$2.0M
Grant

Founder Contacts

30,000+ verified contacts

Non Profit

Wabash Heartland Innovation Network is a civic & social networking service company

West Lafayette, United States
November 2023
$1.0M
Grant

Founder Contacts

30,000+ verified contacts

ManufacturingPharmaceutical

Alliance for Building Better Medicine is a globally competitive ecosystem that manufactures key pharmaceuticals in the United States.

Richmond, United States
January 2025
$3.9M
Grant

Founder Contacts

30,000+ verified contacts

Non Profit

The Center on Rural Innovation uses progressive public, private, and philanthropic partnerships and strategies.

Hartland, United States
January 2026
Grant

Founder Contacts

30,000+ verified contacts

Information TechnologyNon ProfitSharing Economy

Miami Tech Works focuses on creating a long-term tech talent pipeline that will benefit South Florida employers.

Miami, United States
November 2024
$10.0M
Grant

Founder Contacts

30,000+ verified contacts

Robotics

Heartland Robotics Cluster focuses on growing talent in automation and robotics.

Lincoln, United States
January 2025
$25.0M
Grant

Founder Contacts

30,000+ verified contacts

BiotechnologyLife ScienceMedical

LifeX helps early-stage life sciences companies align commercialization, capital, infrastructure, and resources.

Pittsburgh, United States
November 2023
$2.0M
Grant

Founder Contacts

30,000+ verified contacts

AssociationBiotechnologyEducationFinanceFood and BeverageHealth CareInternetManufacturingNon ProfitSoftware

Launch Tennessee is a nonprofit organization that provides capital access, networking, and commercialization to help the growth of startups.

Nashville, United States
October 2022
$2.0M
Grant

Founder Contacts

30,000+ verified contacts

Business DevelopmentConsultingVenture Capital

Attracting and supporting high-growth startups to Rutland, VT!

Rutland, United States
October 2022
$1.5M
Grant

Founder Contacts

30,000+ verified contacts

Consumer ElectronicsElectronicsEnergyHardwareInnovation 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

Showing 26-50 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, Biotechnology, Life Science, Clean Energy, Manufacturing. The firm invests across 48 different industry categories.

What is US Department of Commerce's largest investment?

Among tracked funding rounds, Heartland Robotics Cluster received $25.0M 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 Rung for Women, Washington Maritime Blue, BioSTL, SOVA Innovation Hub, Greentown Labs. These companies were founded in 2020 or later.

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