# Innovate SOMO funding: rounds and investors

> Innovate SOMO has raised $2.0M across 1 round since 2022. Investors include Economic Development Administation and U.S. Department of Commerce.

Source: https://millionrounds.com/company/innovate-somo (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Innovate SOMO*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Future of Work

Funding summary Updated 26 Oct 2026

**$2.0M** raised across 1 round since 2022, from 1 source

- **Latest round:** Grant, $2.0M Oct 2022
- **Investors:** 2

See who backed them

## The rounds

- **Oct 2022** Grant **$2.0M** [Economic Development Administation](https://millionrounds.com/fund/economic-development-administation) [U.S. Department of Commerce](https://millionrounds.com/fund/u-s-department-of-commerce) Source recorded

## Founders and team

From Innovate SOMO's own website: 9 on the team.

- **Iva Harbison** Vice President of Operations
- **Kevin Kirchner** Vice President of Innovation
- **Brian Holdman** Chief Technology Officer
- **Craig McMahon** Chief Revenue and Marketing Officer
- **Jody Chaffin** Chief Venture Officer
- **Chrystal Irons** Director, Business Support and Training
- **Emily Denniston** Director, Community Engagement & Operations
- **Nicki Donnelson** Director, Marketing & Communications
- **Rachel Munday** Executive Director

## Everyone who backed them

[Economic Development Administation](https://millionrounds.com/fund/economic-development-administation) Investment firm **1** round

[U.S. Department of Commerce](https://millionrounds.com/fund/u-s-department-of-commerce) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=innovate-somo).

## Quick answers about Innovate SOMO

### Who invested in Innovate SOMO?

Innovate SOMO's investors include Economic Development Administation and U.S. Department of Commerce.

### How much has Innovate SOMO raised?

Innovate SOMO has raised $2.0M across 1 round since 2022.

### When did Innovate SOMO last raise?

Innovate SOMO's most recent round was a Grant of $2.0M in Oct 2022.

### What was Innovate SOMO's biggest round?

Its most recent round, $2.0M in Oct 2022, is also its largest on record.

### Who backed Innovate SOMO first?

Innovate SOMO's first round on record, in Oct 2022, was backed by Economic Development Administation and U.S. Department of Commerce.

### What stage is Innovate SOMO at?

Innovate SOMO's latest named round is a Grant, in Oct 2022.

### Where is Innovate SOMO based?

Innovate SOMO is based in the United States.

## Companies like Innovate SOMO

In the same sector, and raised in the last eighteen months.

[**PickTrace** Oct 2026](https://millionrounds.com/company/picktrace)[**Vitalize** $31M · Oct 2026](https://millionrounds.com/company/vitalize)[**Miter** $113M · Sept 2026](https://millionrounds.com/company/miter)[**BoomerangHR** $13M · Sept 2026](https://millionrounds.com/company/boomeranghr)[**Yardstik** $30M · Aug 2026](https://millionrounds.com/company/yardstik)[**Mercor** $450M · Jul 2026](https://millionrounds.com/company/mercor)

## Find investors like these

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