Recent Funding
Investors
Innovation Department

Innovation Department portfolio

Innovation Department has 2 portfolio companies on record at Recent Funding, with 1 investment in the last 12 months.

Website: innovationdept.com.

Type: Investor.

Portfolio on Recent Funding: 2.

Deals, last 12 months: 1.

Capital in their rounds: $27M.

Latest deal: Perelel · Nov 20, 2025.

About this page

It is an investor based in New York, US. Its most recent investment on record is Perelel's $27M Series A round in November 2025, alongside Prelude Growth Partners, Willow Growth Partners, Unilever Ventures and 1 other. By category, its portfolio leans toward Health and bio (1) and Commerce and retail (1).

About Innovation Department

Headquarters: New York, US.

Stages: Seed.

Sectors: Consumer, Direct to Consumer, E-commerce, Healthtech, SaaS.

Check size: $150K to $10M.

Leads rounds: No.

What Innovation Department invests in

Health and bio · 1 · 50%
Commerce and retail · 1 · 50%
Sales and marketing · 1 · 50%
Fintech · 1 · 50%

How Innovation Department invests

Stage	Deals	Capital in rounds
Series A	1 100%	$27M

Innovation Department portfolio companies

PPerelel$27MSeries A · Nov 2025
RRhobacker

Company	Round with Innovation Department	Total raised	Latest raise
PPerelel Health and bio	Nov 20, 2025 Series A · $27M	$58M	Jan 29, 2026 Series B+
RRho Sales and marketing	backer	$95M	Oct 23, 2025 Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Health and bio).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 1 round on Recent Funding that name Innovation Department. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Innovation Department, which is a subset of its real portfolio. API: /api/v1/investors/innovation-department (get a free API key). More: the most active VC firms and new venture capital funds.