Arsenal — Full Portfolio

Aptimmune develops vaccines for swine health, partnering with vaccine development and swine health consulting companies to speed product development, testing and manufacturing.

AgTechBiotechHealthtechChampaign, US

Aaron Gilbertie(CEO)Federico Zuckermann(Executive Officer, Director)

BoardRobert Easter(Director)Paul Olivo(Director)Gary Durack(Director)

Co-investorsMIMissouri Technology CorporationCUCultivation CapitalTHThe Yield LabBIBioGenerator VenturesILIllinois VenturesTHThe Yield Lab Asia Pacific

Chroma Color is a plastics color compounding company that develops and manufactures color concentrates and masterbatches for engineered thermoplastics used across various industrial applications.

Advanced ManufacturingNew MaterialsAsheboro, US

JHJoe Herres(Chief Executive Officer)inGary Buckland(Vice President of Operations)PGPeter Gallagher(Vice President, Sales & Marketing)in

Co-investorsHEHeartwood

Cart.com provides unified commerce and logistics software and services that enable companies to sell and fulfill orders across multiple channels.

E-commerceLogistics & Supply ChainSaaSHouston, US

OTOmair Tariq(Founder and CEO)inJJJim Jacobsen(Director)inOTOmair T.(Founder)inSSSaheb Sabharwal(Founder)inRTRemington Tonar, PhD(Co-founder)JMJim M. Jacobsen(Founder)in

Board seatJohn Trbovich· per SEC Form D · $81.2M raise · filed May 2025

Co-investorsANAngel Collective Opportunity FundBEBeyond CapitalCACapital FactoryCICincyTechCOCollective LiquidityEGeGateway Capital+23 more

FilterEasy is an online retailer that sells home air filters directly to consumers, with a focus on delivery and subscription-based replacement.

ConsumerDirect to ConsumerE-commerceRaleigh, US

Thaddeus W. Tarkington(Executive Officer, Director)KJKevin J. Barry(Executive Officer, Director)in

BoardSDSteve Dauphin(Director)DEDavid E. Gardner(Director)inLDLister Delgado(Director)inTom Lotrecchiano(Director)

Board seatJohn Trbovich· per SEC Form D · $7M raise · filed Jul 2017

Co-investorsCOCofounders CapitalELElevate Innovation PartnersMOModerne VenturesARArsenal Growth EquityAZAzure Capital PartnersBOBonaventure Capital+4 more

Novaphos develops phosphate processing technology that reuses waste materials from existing processes to produce high-value phosphoric acid with a lower environmental footprint.

Circular EconomyCleantechEnergyNew MaterialsFort Meade, US

Joseph A. Megy(Executive Officer, Director)MVMark Vignovic(Executive Officer)inJim Samuelson(Executive Officer)Scott Ritchey(Executive Officer)Evgeny Fedoseev(Executive Officer)Sanjay Pal(Executive Officer)

Board seatChristopher FountasChristopher P. Fountas· per SEC Form D · $2M raise · filed Dec 2018

Co-investorsARArmilar Venture PartnersFLFlorida Opportunity FundSTStonecutter Feazel Investors

Sayari provides forensic investigation services using corporate records, trade data, and network analysis to uncover hidden risk networks across sanctions evasion, financial crime, counternarcotics, and adversary operations for law enforcement and government clients.

AI & Machine LearningEnterprise SoftwareFintechGovTechLegalTechWashington, US

FMFarley Mesko(Chief Executive Officer)inEric Rhoades(Executive Officer)inBPBenjamin Power(Executive Officer)inDavid Asher(Executive Officer)in

BoardMike Zappert(Director)BCBenjamin Cukier(Director)

Board seatJohn Trbovich· per SEC Form D · $10.1M raise · filed Apr 2020

Co-investorsINIn-Q-TelCECentana Growth PartnersCECentana PartnersIRIronGate Capital AdvisorsJOJoule VenturesLALavrock Ventures+3 more

SimSpace provides a cyber range platform where security teams train, test, and operationalize AI agents and human analysts in a realistic digital replica of their production environment.

AI & Machine LearningCybersecuritySaaSBoston, US

WEWilliam Edward Hutchison, Jr.(Executive Officer, Director)LMLee Milhem Rossey(Chief Technology Officer & Co-Founder)W"William "Hutch" Hutchison(Co-Founder)inJGJames Gerber(Executive Officer)inPeter Lee(Chief Executive Officer)in

Board seatJason Rottenberg· per SEC Form D · $55M raise · filed Dec 2023

Co-investorsCOCommunitas Capital PartnersL2L2 Point Management

Zentila is a free venue sourcing platform that lets meeting and event planners create RFPs, search a database of hotels and venues worldwide, compare bids side by side, and book events.

Enterprise SoftwareSaaSTravel & HospitalityOrlando, US

Andrew Bagley(Executive Officer)Michael J. Mason(Executive Officer, Director)

BoardVincent Olmstead(Director)Matthew Avril(Director)David C. Mason(Director)

Board seatJason Rottenberg· per SEC Form D · $2.5M raise · filed May 2016

Co-investorsVEvenVeloVOVocap PartnersARArsenal Growth Equity

ATP develops and manufactures client-specific, solvent-free and water-based adhesive tapes and films, and also provides end-to-end medical device manufacturing.

Advanced ManufacturingMedical DevicesNew MaterialsWollerau, CH

AvCarb Material Solutions develops and manufactures advanced carbon materials, including carbon fiber and carbon-based products, for industries such as transportation, aerospace and defense, energy/electrochemical applications, and sport fishing.

Advanced ManufacturingEnergyNew Materials

Chris Holmesin

Biospecimens and other products for drug discovery and development

Co-investorsTHThompson Street Capital Partners

CellCarta is a contract research organization providing biomarker discovery, assay development, and clinical trial execution services for pharmaceutical companies and biotechs.

BiotechHealthtechMedical Devices

MLMartin LeBlanc(Founder)in

Charter Brokerage provides customs brokerage services including duty drawback recovery, Superfund tax credits, foreign trade zone and bonded warehouse management, import/export clearance, compliance, and consulting for companies with complex supply chains.

Logistics & Supply Chain

Co-investorsSUSummit Park

CPS Performance Materials is a specialty chemicals company operating businesses that produce and supply performance materials.

Advanced ManufacturingNew Materials

Deck Commerce provides an order management system for direct-to-consumer brands, unifying inventory and fulfillment across channels and systems with automated order routing, real-time inventory, and returns handling.

E-commerceRetail TechSaaSSt. Louis, US

CDChristopher Deck(Director and Chief Executive Officer)in

BoardBCBrook Critchfield(Director)inDan Geraty(Director)Pete Reinecke(Director)

Co-investorsRIRiverside Acceleration CapitalPLPlymouth Growth

Invio Automation provides end-to-end industrial automation solutions including robotics, automated guided vehicles (AGVs), vision systems, and precision dispensing for manufacturing.

Advanced ManufacturingIoTRobotics

Co-investorsLFLFM Capital, LLC

Hopebridge operates autism therapy centers across the U.S. that provide applied behavior analysis (ABA), occupational therapy, speech therapy, feeding therapy, and diagnostic assessments for children with autism spectrum disorder, from 15 months to 10 years old.

Digital HealthHealthtechMental HealthKokomo, US

Kimberly Strunk(President)W. Herbert Senft, II(Secretary and Treasurer)

BoardBryan Smith(Chairman)Steve Cosler(Director)JoAnne Jonathan(Director)

Co-investorsBABaird Capital

Inhance Technologies develops specialty chemicals, gases, and material technologies for customers across agriculture, healthcare, automotive, and electronics industries.

Advanced ManufacturingAgTechDeep TechNew Materials

Co-investorsAUAurora CapitalAUAurora Capital Partners

Invio Automation is a full-service industrial automation provider that designs, builds, and supports systems for manufacturers, including AGVs, robotic assembly cells, controls engineering, machine vision, leak testing, and precision dispensing.

Advanced ManufacturingRobotics

Knowtion Health provides post-claim revenue-cycle management services for hospitals and health systems, using a proprietary AI and machine-learning platform plus specialized staff to recover owed revenue, prioritize claim management, and identify missed revenue streams.

AI & Machine LearningHealthtechSaaS

JYJayson Yardleyin

Kypha develops clinical diagnostic tests for immune system biomarkers, particularly complement activity markers, and provides solutions for real-time immune insights across therapeutic areas.

BiotechDeep TechHealthtechMedical DevicesSt. Louis, US

NSNick Staten(Executive Officer)inT. Scott Glover(Executive Officer)inPaul K. Olson(Executive Officer, Director)

BoardDSDavid Smoller(Director)inJames D. Marselis(Director)PRPeter Reinecke(Director)in

Co-investorsBIBioGenerator VenturesMIMissouri Technology CorporationSESerra Ventures

Lumanity provides consulting services across strategy, evidence generation, stakeholder engagement, and technology and AI to support pharmaceutical and life sciences companies in bringing medicines to patients.

AI & Machine LearningBiotechHealthtech

JWJon Williamsin

Co-investorsSVSvoboda Capital Partners

OncoHealth develops software and services to help health plans, employers, and oncologists manage cancer care and reduce treatment complexity.

Digital HealthHealthtechMedical DevicesMental HealthSaaS

JMJon Maack(Chief Executive Officer)in

Co-investorsBABaird CapitalBLBlue Venture FundsCOCobalt VenturesMCMcKesson VenturesOAOak HC/FTSASand Hill Angels

Polyventive develops chemical formulations and product enhancements for consumer markets including household products, personal care, textiles, and carpets.

Advanced ManufacturingConsumerNew Materials

Polywood is an outdoor furniture company that sells seating, dining, tables, planters, and decorative items for outdoor spaces.

Advanced ManufacturingConsumerDirect to ConsumerE-commerceSyracuse, US

BMBrady Mallerin

Co-investorsBABayPine

Rancho Biosciences provides biomedical data services covering strategy, curation, bioinformatics, engineering, analytics, and AI-ready data products for life sciences and pharmaceutical R&D teams.

AI & Machine LearningBiotechData & Infrastructure

JBJulie Bryant(Founder)in

Seal For Life Industries manufactures protective coatings for critical infrastructure, including insulation coatings, visco-elastic adhesives, corrosion prevention, fire and temperature protection, and cathodic protection products.

Advanced ManufacturingCleantechNew Materials

Sirrus develops chemical building blocks based on patented methylene malonate monomers and oligomeric crosslinkers that polymerize anionically at ambient temperatures.

Advanced ManufacturingCleantechDeep TechNew MaterialsLoveland, US

BMBernard Malofsky(Executive Officer)inJUJeff Uhrig(President, Chief Executive Officer, Secretary and Treasurer)inRobert Smith(Executive Officer)Adam Malofsky(Director)

BoardWilliam Lese(Director)inDoug Cameron(Director)

Co-investorsBRBraemar Energy VenturesCICincyTechMIMitsui Global Investment

Spartech engineers and manufactures plastic sheet and specialty materials, sourcing most raw materials in the United States and operating facilities close to its customers.

Advanced ManufacturingCircular EconomyNew Materials

AFAndy Filson(President & CEO)KDKevin Duffy(Executive Vice President, Sales & Marketing)in

Co-investorsNANautic Partners

Velcro Companies designs and manufactures hook-and-loop fasteners and related closure products, including consumer items and solutions for the footwear and apparel industries.

Advanced ManufacturingConsumerNew Materials