Innovate Alabama
Overview
Innovate Alabama is Alabama's first statewide public-private partnership focused on entrepreneurship, technology, and innovation. It was established to implement the recommendations of the Alabama Innovation Commission and aims to create a resilient, inclusive, and robust economy. The organization manages several programs to support small businesses and entrepreneurs, including the State Small Business Credit Initiative (SSBCI) programs, LendAL (loan financing) and InvestAL (venture capital). Through these initiatives, it provides direct investment to startups, invests in venture capital funds as a limited partner, and offers grants.
Portfolio Companies
18
Website
innovatealabama.orgInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| StreetMetrics | Jan 2026 | Series A Extension | Lead |
| Accelerate Wind | May 2025 | Grant | Co-investor |
| Tango Tango | Mar 2023 | Grant | Co-investor |
| XO Armor Technologies | Jun 2025 | Grant | Co-investor |
| Occupi | Jun 2025 | Seed | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Innovate Alabama based?
Innovate Alabama is headquartered in Birmingham, Alabama, United States.
When was Innovate Alabama founded?
Founding year information for Innovate Alabama is not publicly available.
How many portfolio companies does Innovate Alabama have?
Innovate Alabama has 18 portfolio companies in Caplight's dataset.
What are some companies in Innovate Alabama's portfolio?
Portfolio companies visible on Caplight include StreetMetrics, Accelerate Wind, Tango Tango, XO Armor Technologies, Occupi.
What was Innovate Alabama's most recent investment shown here?
Innovate Alabama's most recent investment in this portfolio sample was in StreetMetrics in 2026.
What sectors does Innovate Alabama focus on?
Innovate Alabama focuses on Healthcare & Life Sciences, Enterprise Software, Energy & Sustainability, Consumer & Commerce, Telecommunications & Networking, Frontier & Industrial Tech, Healthcare & Life Sciences, Enterprise Software, Frontier & Industrial Tech, Healthcare & Life Sciences, Energy & Sustainability, Energy & Sustainability, Enterprise Software, Frontier & Industrial Tech, FinTech, Real Estate & PropTech, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Energy & Sustainability, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Energy & Sustainability, Media, Entertainment & Gaming, Frontier & Industrial Tech, Frontier & Industrial Tech, FinTech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software, Mobility, Transportation & Logistics, Enterprise Software, Real Estate & PropTech, Frontier & Industrial Tech.
What company stages does Innovate Alabama focus on?
Innovate Alabama typically invests at the MultiStage stage.