Department of Agriculture (USDA) — 2015 Investments

490 BioTech develops autobioluminescent assay technology that enables cells to produce light autonomously without external luciferin or excitation, allowing continuous, non-destructive monitoring of cellular viability and metabolic activity.

BiotechDeep TechMedical Devices

Altex develops combustion, thermal management, and fuels processing technologies for power systems including fuel cells, gas turbines, and biomass conversion systems.

CleantechClimate TechDeep TechEnergySan Jose, US

American Solar sells and installs residential solar energy systems, helping homeowners lower electricity costs and access federal, state, and local solar incentives.

CleantechConsumerEnergy

Applied Biomathematics develops risk analysis software and research methods serving scientists, engineers, and regulators across conservation, agriculture, and engineering sectors.

AgTechAI & Machine LearningCleantechClimate TechData & InfrastructureSetauket, US

Applied Nanotech develops nano-materials and processes—including printable conductive metallic inks, high-fidelity solders, and water-based graphene carbon stripper foils—for OEM and government customers in microelectronics manufacturing, defense, quantum computing, high-energy physics, and nuclear energy.

Deep TechNew MaterialsSemiconductorsAustin, US

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 CorporationARArsenalCUCultivation CapitalTHThe Yield LabILIllinois VenturesTHThe Yield Lab Asia Pacific

Bodkin Design & Engineering provides product development and engineering services specializing in electro-optics, opto-mechanics, and mechanical systems for industrial, commercial, military, and research applications.

Advanced ManufacturingDeep TechDefense TechHardwareNewton, US

Codagenix develops viral vaccines and virotherapeutics using codon deoptimization, a method for engineering attenuated viruses.

BiotechDeep TechHealthtechFarmingdale, US

John Robert Coleman(Executive Officer, Director)SMSteffen Mueller(Co-Founder, President & Chief Scientific Officer)inCharlie Petty(Director)Steven Winick(Director)Jill Howe(Director)PGPaul Grint(Executive Chairman & Interim CEO)in

Co-investorsADAdjuvant CapitalINIn-Q-TelTOTopspin Partners

New Castle, US

ENErica Nemser(Executive Officer, Director)inBill Charlton(Executive Officer)Bennett Nemser(Director)

BoardGuido Radaelli(Director)Chris Erickson(Director)Tony Sun(Director)

Co-investorsCHChevron Technology VenturesGCGC VenturesPAPangaea Ventures Us Inc.

Continuum Dynamics develops computational aerodynamics and fluid dynamics software for rotorcraft design, aerospace analysis, and specialized applications like spray drift and fuel jettisoning prediction.

Deep TechDefense TechEnergyHardware

Dr. Alan J. Bilanin(Chairman of the Board & Senior Associate)

ePaint manufactures and sells copper-free antifouling paints designed to prevent biofouling on boats and marine vessels while being environmentally safe.

Advanced ManufacturingCleantechConsumerE-commerceNew MaterialsStuart, US

Ecovia produces γ-PGA-based biopolymers as a biobased alternative to polyacrylate polymers, avoiding microplastics and high greenhouse gas emissions through a proprietary lower-cost manufacturing process.

Circular EconomyCleantechNew MaterialsAnn Arbor, US

JMJeremy Minty(Executive Officer, Director)inAndrew C Hertig(Executive Officer)Geoff Horst(Director)Xiaoxia Lin(Director)Caroline Drouart(Director)

BoardJames Agley(Director)

Co-investorsIDID VenturesKEKeiretsu Forum

Eltopia Communications provides telecommunications services to businesses, emphasizing customer service and affordable pricing to support company growth and customer retention.

Enterprise Software

Garner Industries (now BinMaster Sensors and Technologies LLC) develops level sensors and inventory management software solutions for storage and handling applications.

Advanced ManufacturingAgTechHardwareIoTSaaSLincoln, US

Giner Labs is a research and development center focused on electrochemical technologies, including electrochemical sensors, electrolyzers, fuel cells, advanced materials, and medical devices.

Deep TechEnergyMedical Devices

Grafted Growers produces grafted starter plants for vegetable growers and provides consultation on regional agricultural challenges including disease management and climate adaptation.

AgTechDirect to ConsumerFoodTechRaleigh, US

Guild Associates develops and manufactures engineered systems and specialized materials for applications including chemical defense, decontamination, and demilitarization.

Deep TechDefense TechEnterprise SoftwareNew MaterialsDublin, US

ROIHire is a hiring platform that aggregates candidate information, workforce program data, and predictive analytics to help employers identify available federal and state hiring incentives, estimate retention probability, and project the financial ROI of each candidate.

AI & Machine LearningHR TechSaaS

Baltimore, US

ASAlexander Sulakvelidze(Executive Officer, Director)inJohn J Woloszyn(Executive Officer, Director)inMRMel Ruzicka(Executive Officer)

BoardGary Pasterneck(Director)Patrick Hervy(Director)

A fish hatchery that raises and sells live fish, including a hybrid bream, for stocking ponds and lakes, with in-person delivery.

AgTechLonoke, US

Kellogg's Research Labs develops applications and manufacturing solutions using nitinol shape memory alloys, serving industries requiring custom materials engineering from research through production scale.

Advanced ManufacturingDeep TechDefense TechHardwareNew Materials

Joe Kellogg(CEO and Founder)

Luna Innovations develops fiber optics, nanomaterials, and precision assembly solutions across multiple technical domains.

Advanced ManufacturingData & InfrastructureDeep TechHardwareNew MaterialsRoanoke, US

SAScott A. Graeff(Executive Officer, Director)inDavid Chanley(Director)Gary Spiegel(Director)George Gomez-Quintero(Executive Officer)Thomas Oldemeyer(Executive Officer)Brian J. Soller(Executive Officer)

Co-investorsPEPerot Jain

Lygos uses genetically engineered microorganisms to produce industrial chemicals from sugar feedstocks, focusing on compounds where fermentation offers cost advantages compared to fossil fuel-based manufacturing.

Climate TechHealthtechSan Francisco, US

ESEric Steen(CEO)inJAJeffrey A. Dietrich(Executive Officer, Director)inJay D. Keasling(Director)JDJeffrey Dietrich(CTO)in

BoardLeonard Katz(Director)

Co-investorsFIFifty YearsFUFundersClubJUJude GomilaLGLG Technology VenturesY Y Combinator1010x Founders+11 more

Monarch Media, which was acquired by Vivayic in August 2020, now operates together with Vivayic to provide eLearning development and learning strategy services to clients.

EdTech

Morphix Technologies develops and manufactures colorimetric chemical and explosive detection sensors for military, first responders, and industrial personnel across over 60 countries.

Deep TechDefense TechHardwareVirginia Beach, US

BiotechCambridge, US

George Whitesides(Director)Peter Howe(Executive Officer)Brian Mayers(Executive Officer)in

BoardHerbert Winokur(Director)Myer Berlow(Director)

NBD Nano develops advanced coatings, additives, and adhesives using nanotechnology to enhance product surfaces across various industries.

Advanced ManufacturingCleantechDeep TechNew MaterialsBoston, US

Deckard Sorensen(CEO & Co-Founder)inMiguel Galvez(President & Co-founder)

BoardJOHN CHEN, PH.D.(Director)NOBI KAMBE, PH.D.(Director)DAVID ANDERSON, PH.D(Director)

Co-investorsBABantam GroupBEBetter Ventures Central LlcTETechstarsBOBoston Seed CapitalPHPhoenix Venture Partners

Ocean Era operates a marine R&D tank farm and provides operational maintenance and statistical analysis services for researchers working on aquaculture and blue economy projects.

AgTechClimate TechFoodTech

Neil Anthony Sims(Founder & CEO)

Orb Technologies develops a patented bio-composite made from plant stems (straw) that is structural, insulating, and fire-resistant.

CleantechConstruction TechNew Materials

Smiths Detection manufactures and sells security and detection hardware systems including X-ray scanners, explosives detectors, chemical threat identifiers, biological threat detectors, and related software platforms for aviation, cargo, border, and urban security checkpoints.

AI & Machine LearningDefense TechGovTechHardwareLogistics & Supply ChainBaltimore, US

THEODORE OLSEN(Executive Officer, Director)RICHARD FAINT, JR.(Director)RICHARD KOHR, JR.(Executive Officer, Director)PAUL SILBER(Director)PETER HARRIS(Director)

Co-investorsINInvestcorp

Physical Sciences Inc.

Deep TechDefense TechNew Materials

QM Power designs high-efficiency electric motors and patented motor control technologies for refrigeration, HVAC, and high-torque applications such as electric vehicles, micro-mobility, aviation, and medical devices.

CleantechHardwareMobility & TransportationLee'S Summit, US

CJC. Joseph Flynn(Chief Technology Officer and Director of the Issuer)inPatrick J. Piper(Executive Officer, Director)

BoardBoris Ryabov(Director)Mark Austin(Director)

Seacoast Science manufactures the SC-214 μLogger, a compact remote chemical vapor detection system equipped with chemicapacitive and chemiresistive sensors for autonomous monitoring of chemical gases in ambient air.

Advanced ManufacturingCleantechDeep TechDefense TechHardwareIoTCarlsbad, US

Louis Haerle(President, Founder)Todd E. Mlsna(Chairman of the Board, Founder)Sanjay Patel(VP of Research and CTO)

Sensor Development Corp develops high-sensitivity volatile organic compound sensors for food safety, pest detection, and medical diagnostics.

AgTechDeep TechHardwareHealthtechOhio, US

C.C. Liu(Technology Advisory Board Member)Nicholas Smilanich(President & CEO)

Smart Vision Works provides laboratory analytical instruments for food, grain, and feed industries, including near-infrared compositional analyzers, rheology instruments, and automated wet chemistry systems for quality control and formulation optimization.

Advanced ManufacturingAgTechAI & Machine LearningEnterprise SoftwareFoodTechHardware

Sporian manufactures high-temperature sensors and spectral analyzers for extreme environments, serving industries including energy generation, propulsion, manufacturing, and solar systems.

Advanced ManufacturingDeep TechHardwareSpace Tech

TDA Research develops commercial products and technologies in defense, aerospace, medical devices, materials science, and energy sectors.

Deep TechDefense TechEnergyMedical DevicesNew MaterialsGolden, US

US BIOLOGIC develops orally delivered vaccines for disease prevention, applying partner technologies to its oral-delivery platform for wildlife, companion animals, food animals, and humans.

AgTechBiotechHealthtechMemphis, US

MKMason Kauffman(Executive Officer, Director)inMichael Shmerling(Director)Thomas Monath(Director)Tommy Thompson(Director)David Williams(Director)Chris Przybyszewski(Executive Officer, Director)in

Co-investorsLALaunch Tennessee

WholeTrees manufactures and fabricates structural systems using whole, unmilled trees for commercial construction.

CleantechClimate TechConstruction TechNew MaterialsMadison, US

Amelia Swan Baxter(Co-founder)

ZymoChem develops bio-based materials using proprietary Carbon Conserving (C2) microbes that convert renewable feedstocks into high-value materials with increased yields.

BiotechCircular EconomyClimate TechNew MaterialsSan Leandro, US

HCHarshal Chokhawala(Chief Executive Officer & Co-Founder)inLindy Fishburne(Director)Phil Grayeski(Director)Taehong Huh(Director)Timothy Dummer(Executive Officer, Director)Jon Kuchenreuther(Co-Founder)

Co-investorsACAccelr8BRBreakout LabsBRBreakout VenturesCACavallo VenturesDUDudley FundFRFreshTracks Capital+9 more