PennDOT
Signal active
Investment Firm
Overview
PennDOT is in charge of roadways, urban and rural public transit, airports, trains, ports, and waterways. PennDOT invests more than three-quarters of its annual budget in Pennsylvania's nearly 121,000 miles of state and municipal roadways and 32,000 state and local bridges. PennDOT, which was founded in 1911, is directly responsible for about 40,000 miles of roads and around 25,400 bridges.
Highlights
Founded
1970
Industry
Transportation
Employees
10001+
Investment
15
Lead Investment
15
Exits
5
Stages
N/A
Investor Type
Government Office
Location
United States, North America
Contact Information
Social
Profile Resume
PennDOT, established in 1970 and headquartered in United States, North America., specializes in investments across Electric Vehicle, Charging Infrastructure, Travel, Oil and Gas, Software, Automotive, Electrical Distribution, Consulting, Professional Services, Business Travel. The organization boasts a portfolio of 15 investments, with an average round size of $761.8K and 5 successful exits. Their recent investments include Applegreen Electric, Pilot Flying, Blink Charging Co, TravelCenters of America, Love's Travel Stops & Country Stores. The highest investment round they participated in was $119.8M. Among their most notable exits are Applegreen Electric and Pilot Flying. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Employees
N/A
Investment portfolio
PennDOT has made 15 investments. Their most recent investment was on Aug 15, 2023, when Applegreen Electric raised $1.2M.
investments
15
Diversity investments
0
Lead investments
15
Number of exits
5
Investments
15
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Aug 15, 2023 | Pilot Flying | Travel | 813.0K |
| Aug 15, 2023 | - | - | 830.4K |
| Aug 15, 2023 | Applegreen Electric | Electric Vehicle | 1.2M |
| Aug 15, 2023 | - | - | 607.8K |
Exits
5
Funding Timeline
Funding rounds
15
Investors
2
Funds
0
Funding Rounds
15
PennDOT has raised 15 rounds. Their latest funding was raised on Aug 15, 2023 from a Grant - BP Products North America round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Aug 15, 2023 | Grant - Pilot Flying | - | 813.0K | - |
| Aug 15, 2023 | Grant - Mirabito Energy Products | - | 830.4K | - |
| Aug 15, 2023 | Grant - Applegreen Electric | - | 1.2M | - |
| Aug 15, 2023 | Grant - BP Products North America | - | 607.8K | - |
Investors
2
PennDOT is funded by 2 investor(s). Federal Railroad Administration and US Department of Energy Kantor are the most recent investors.
| Investor Name | Lead Investor | Funding Round | Money Raised |
|---|---|---|---|
US Department of Energy | Yes | Grant - PennDOT | 171.5M |
Federal Railroad Administration | Yes | Grant - PennDOT | 11.3M |
US Department of EnergyFund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
There is no recent news or activity for this profile.