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Arizona Commerce Authority, VC Fund

Arizona Commerce Authority

VC Fund

Phoenix, United States

Arizona Commerce Authority is a VC fund in Phoenix focused on Software and Health Care. The Arizona Commerce Authority (ACA) is the leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: recruit, grow, create – recruit out-of-state companies to expand their operations in Arizona; work with existing companies togrow their business in Arizona and beyond; and partner with entrepreneurs and companies large and small to create new jobs and businesses in targeted industries.

Total investments:
17
Last investment:
Lead investor:
76%

Last updated:

Industries Arizona Commerce Authority invests in

SoftwareHealth CareMedicalAugmented RealityProject Management

Stages Arizona Commerce Authority invests in

GrantSeedPre-Seed

Countries Arizona Commerce Authority invests in

United StatesMexico

Contacts

NameEmailPhoneSocials
Sandra Watson Sandra Watson
Steve Larsen Steve Larsen
Andy Lombard Andy Lombard
C J Cornell C J Cornell

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Investment Focus

Industry

  • Software 3 (18%)
  • Health Care 3 (18%)
  • Medical 2 (12%)
  • Augmented Reality 2 (12%)
  • Project Management 2 (12%)
See all 43 industries →

Stage

  • Grant 11 (65%)
  • Seed 3 (18%)
  • Pre-Seed 1 (6%)

Country

  • United States 14 (82%)
  • Mexico 1 (6%)

Team

NameTitleInvestmentsLinksEmail
Sandra Watson
Sandra Watson President & CEO
President & CEO Total investments: 2
Find email
Steve Larsen
Steve Larsen Entrepreneur In Residence
Entrepreneur In Residence Total investments: 0
Find email
Andy Lombard
Andy Lombard EVP of Innovation & Venture Development
EVP of Innovation & Venture Development Total investments: 0
Find email
C J Cornell
C J Cornell Arizona Commerce Authority
Arizona Commerce Authority Total investments: 0
Find email

Investments

CompanyDescriptionRoundLinks
Wecom Wecom
Wecom provides fiber optic networks, broadband internet, and transport services. They provide hosted pbx, engineering, construction, two way radio, public safety, and site leasing services. They provide residential internet, digital voice, small business internet, unified communications, enterprise internet, transport, and fiber optic networkservices. $195M / Grant / Dec 08, 2025
Ogiso Ogiso
Welcome to the future of healthcare documentation. Our user-friendly medical documentation application is designed to empower medical facilities, group homes, and assisted living facilities by simplifying the way you capture and manage essential notes. $100K / Grant / Aug 19, 2025
Purity ReSource Purity ReSource
Purity ReSource provides solvent wastewater recovery systems and hazardous equipment cleaning services to the semiconductor industry. $681.4K / Seed / Apr 24, 2025
Gravitrex Gravitrex
Gravitrex operates as a medical device company. Gravitrex is working to keep more people moving by improving the way patients recover after a loss of mobility. $250K / Grant / Apr 14, 2025
PRIVV PRIVV
PRIVV is a premier project management software developed for operators of large-scale construction endeavors. $100K / Grant / Dec 02, 2024
AlgoFace AlgoFace
AlgoFace is a team of passionate innovators with deep-rooted knowledge in computer vision, augmented reality and applied artificial intelligence applications. AlgoFace is committed to developing and deploying AI-AR technology for human faces that will power the next generation of consumer experiences. $150K / Grant / Feb 27, 2024
Neon Neon
We help businesses convert TV screens into digital signage. $500K / Seed / Feb 20, 2024
Sequitur Health Sequitur Health
Sequitur Health develops medical devices with the aim of saving, extending, and improving people's lives. The company was founded in 2019 and is headquartered in Scottsdale, Arizona. $246.3K / Grant / Nov 03, 2023
University of Arizona College of Engineering University of Arizona College of Engineering
The University of Arizona College of Engineering provides undergraduate and graduate degrees in 17 programmes, which include cooperative programmes with other institutions. $35.5M / Grant / Nov 03, 2023
WearTech Applied Research Center WearTech Applied Research Center
The WearTech Applied Research Center connects entrepreneurs and companies seeking to commercialize emerging healthcare technology with world-class research teams working at the forefront of wearable and biomedical innovation. $1.8M / Grant / Sep 20, 2023
See all 17 investments →

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FAQ

What does Arizona Commerce Authority invest in?

Arizona Commerce Authority invests primarily in Software, Health Care and Medical startups, most often at Grant and Seed stage. Most of the 17 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

How do I contact Arizona Commerce Authority?

Public channels for Arizona Commerce Authority include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

Who are the partners at Arizona Commerce Authority?

The team at Arizona Commerce Authority includes Sandra Watson (President & CEO), Steve Larsen (Entrepreneur In Residence) and Andy Lombard (EVP of Innovation & Venture Development). The Team section lists each member with their title, investment count and links.

Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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