Investors often follow the stock and options investments made by members of Congress and in some cases try to mirror their trades. One member of Congress has been buying up stakes in private companies, making it harder to copy their investment portfolio.
Congresswoman Buys Stake in Arcade AI
Congresswoman Kelly Morrison (D-Minn.) recently disclosed a stake in private company Arcade AI, according to the Benzinga Government Trades page.
The purchase adds to her recent buying of private company stakes rather than investing in stocks.
Morrison disclosed that she bought $15,000 to $50,000 in the San Francisco, California AI company, saying the investment was made through an investment fund.
Arcade AI is a generative AI marketplace that labeled itself as the “first ever AI physical product marketplace.” Initially targeting the jewelry sector where users could “create real things with AI,” Arcade AI has since expanded to the home goods sector.
In March 2025, the company raised $25 million with a Series A round. With total funding of $42 million, the company saw several new backers in the March 2025 round.
Among the investors in the Series A that were existing investors included Reid Hoffman, Offline Ventures, Inspired Capital, Torch Capital and Ashton Kutcher via Sound Ventures.
Existing angel investors in the company include former NFL player Colin Kaepernick and supermodel/entrepreneur Karlie Kloss.
At the time of its March 2025 funding round, the company said its users had created over 650,000 jewelry designs since its beta launch in September 2024.
Congress Investing in Private Companies
Members of Congress are allowed to invest in private companies as long as they follow the same rules of the STOCK Act, including reporting transactions within a 45-day period.
Morrison has been buying up stakes in private companies in 2026. Recent disclosures show stakes in high-speed aircraft manufacturer Hermeus Corp, robotics company Rhoda AI and space company Varda Space.
The recent investments are a change of pace for a congresswoman who had over $2.69 million in transactions in 2025, mostly of stocks, according to data from Quiver Quantitative.
Rep. Lisa McClain (R-Mich.) recently disclosed buying a $100,000 to $250,000 stake in Elon Musk’s xAI and a $50,000 to $100,000 investment in humanoid robotics company Apptronik.
Rep. Nancy Pelosi (D-Calif.) has disclosed investments in private companies in the past, including Databricks.
Investing in private companies can carry more risk than public companies, but can also have higher returns for early investors if the companies grow, are acquired and/or go public. Morrison’s portfolio is betting on several private companies, which could be a trend for investors to watch.
Photo: W. Scott McGill via Shutterstock
Recent Comments