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CII Announces Q2 Investments
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Business New Haven
8/19/2002
By: BNH
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ROCKY HILL - Connecticut Innovations Inc., the state's technology investment arm, made six investments totaling $1.96 million during the second quarter of this year. These included $1.55 million in direct equity investments and $408,000 in what CII calls “bioseed” investments.
Beneficiaries were:
• Software developer Bristol Technology of Danbury, which received a $285,000 follow-on investment;
• Merlot Communications in Bethel, which garnered a $300,000 follow-on investment;
• A similar follow-on investment in Branford's Netkey, which provides applications and software for enterprise self-service needs;
• And NeuVis Software of Shelton, which received a $590,000 bridge investment.
Investments from the year-old Connecticut BioSeed Fund included:
• A $157,655 initial investment in Hepaticus of Farmington, an emerging bioscience firm out of UConn;
• And a $250,000 follow-on investment in Sopherion Therapeutics, a New Haven biotech.
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