Understanding the
ClimateTech Fund

Connecticut Innovations has launched a $100 million ClimateTech Fund. Through the CT Fund, CI’s team will invest in innovative early-stage companies focused on energy, transportation/mobility, food/agriculture, water, climate-related software, waste/circular economy, advanced materials/manufacturing, carbon removal/sequestration and more. The Fund offers investments of $150,000 to $2 million per company in a given financing round, plus ongoing strategic support and $5–7 million available on reserve for follow-on investment. The Fund will also invest in venture funds that are headquartered in Connecticut.

Snapshot of Common Characteristics

The CT Fund will invest in 15–25 companies over the fund’s 10- to 15-year life. Companies may either be headquartered in Connecticut or have a plan to grow jobs in the state. Companies outside of the US that are interested in expanding to the US are also encouraged to apply.

Other criteria for investment include:

Company stage

The fund will consider early- and late-stage deals, including proof of concept stage, seed, series A and series B/C, in addition to fund of funds opportunities.

Capital raised

Co-investment is required to receive an investment from this fund.

Focus on innovation

CI prioritizes companies that are developing a technology that is difficult to copy due to patents, a unique design, or an innovative go-to-market strategy.

Primary location

To be considered for the fund, companies must have the majority of employees in Connecticut or be creating jobs here. International companies and venture capital funds must agree to establish their US headquarters in Connecticut.

Funding amount

$150,000 to $2 million annually per company in 15–25 companies.

  • ClimateTech Fund FAQ

    Still have questions?

Contact us
Tamyra Davis
Tamyra.davis@ctinnovations.com
860.258.7858

 

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