ROCKY HILL: Connecticut Innovations (CI), Connecticut’s venture capital arm and what they say is the “leading source of financing and ongoing support for Connecticut’s innovative, growing companies”, invested $9.4 million through 43 investment transactions during the three months ending December 31, 2017.
The transactions leveraged an additional $29.4 million of investments in Connecticut early-stage companies. Of the $9.4 million, CI invested $3.6 million in bioscience technologies, $3.4 million in information technology companies, and $2.4 million in other Connecticut-based companies.
“CI continues to identify great investment opportunities in the state,” said David Wurzer, chief investment officer and executive vice president at Connecticut Innovations. “In the first two quarters of the fiscal year, we invested in 16 new Connecticut companies and innovative research projects, which is a strong indication of growing levels of activity in the innovative communities across the state.”
Connecticut Innovations’ venture capital portfolio includes investments in approximately 150 companies from throughout the state. See List below for list of companies receiving funds in the period.