The U.S. Department of Health & Human Services, located in Washington, is an active corporate investor that frequently exits investments and focuses on lead investments in the range of $1-5 million. They have a preference for investing in startups in the Food and Beverage and Biotechnology industries. The fund typically participates in rounds with 1-2 other investors and has invested in popular startups such as TCARE and Mapp Biopharmaceutical. The fund is often joined by sponsors such as the National Institutes of Health in investment rounds, and in subsequent rounds, it receives funding from gener8tor, Village Capital, and Right Side Capital Management.