# Innovation Department: portfolio, investments and team

> Innovation Department is a vc firm based in United States. 7 investments on record, latest Mar 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/innovation-department (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Innovation Department

Last cheque observed Mar 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Pre-seed Seed Series A Onmichannel Cpg Direct-to-consumer

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 7 on record

Since the last cheque **4242** days **00** hrs **00** min **00** sec

Median round **$4.5M** Rounds led **0 of 7** Sole investor **2 rounds** Mostly in **United States, 100%**

Pitch Innovation Department

## Innovation Department highlights

- 01 7 rounds on record
- 02 Mostly Seed and Series C: 71% of its rounds
- 03 Sole investor in 2 rounds, median undisclosed

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Growth
- **Sectors:** Onmichannel Cpg Direct-to-consumer
- **Based in:** New York, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **7 appearances**

- **2015** 2 rounds
- **Mar** **[Pinterest](https://millionrounds.com/company/pinterest)** Series G · US **$367M** With 2 others
- **Jan** **[Package Zen](https://millionrounds.com/company/package-zen)** Seed · US **Undisclosed** Sole investor
- **2014** 4 rounds
- **Apr** **[Cinematique](https://millionrounds.com/company/cinematique)** Seed · US **$800K** With 3 others
- **Jan** **[Dropbox](https://millionrounds.com/company/dropbox)** Series C · US **$350M** With 5 others
- **Jan** **[ALOHA](https://millionrounds.com/company/aloha)** Seed · US · techcrunch.com **$4.5M** With 15 others
- **Jan** **[WellPath](https://millionrounds.com/company/wellpath)** Seed · US **Undisclosed** Sole investor
- **2013** 1 round
- **Sept** **[SHADOW](https://millionrounds.com/company/shadow)** Venture · US **$100K** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Pre-seed Seed Series A

Median round joined **$4.5M** the round, not its cheque Alone, median **-**

Led 0 of 7 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Mar 2015

Rounds by stage said on their site

- Seed said *4*
- Series C *1*
- Series G *1*
- Venture *1*
- Pre-seed said *-*
- Series A said *-*
- Growth said *-*

Cheques by year Led Joined

2013 2015

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## Quick answers about Innovation Department

### What does Innovation Department invest in?

Innovation Department invests most often at Seed and Series C (71% of the rounds on record), in sectors such as Onmichannel, Cpg and Direct-to-consumer.

### How active is Innovation Department?

7 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2015.

### How big are Innovation Department's cheques?

The median round it joins is $4.5M.

### Does Innovation Department lead rounds?

Rarely, if at all: none of its 7 investments on record names it as the lead.

### Where does Innovation Department invest?

Most of the companies it backs are in the United States (100%).

### Is Innovation Department investing now?

No investments in the last 12 months; the latest was in Mar 2015.

### What kind of investor is Innovation Department?

Innovation Department is a VC firm based in New York, United States.

### When was Innovation Department founded?

Innovation Department was founded in 2014.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=innovation-department) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=innovation-department)