Connecticut Innovations Invests $6.4 Million in Q1 2019
Deals leveraged nearly $12 million in outside capital in first quarter of the new fiscal year
Rocky Hill, Conn. – November 13, 2018 – Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that it invested $6.4 million in 22 companies during the first quarter of fiscal year 2019, ending September 30, 2018.
The investments leveraged an additional $11.7 million in outside capital. Among the investments, $3.2 million was invested in biotech companies, and $3.2 million was invested in other technologies.
“We kicked off the new fiscal year with a number of strategic investments in some of the most promising young companies across the state,” said David Wurzer, executive vice president and chief investment officer at Connecticut Innovations. “We are confident that the capital and resources provided by CI at this crucial juncture will help these companies achieve success over the long term and contribute to a thriving economy in Connecticut.”
Connecticut Innovations’ venture capital portfolio includes investments in more than 150 companies from throughout the state.
About Connecticut Innovations Inc.
Connecticut Innovations is Connecticut’s strategic venture capital arm, providing funding and strategic support to early-stage technology companies. In addition to equity investments, CI provides grants that support innovation and collaboration through CTNext, and connections to its well-established network of partners and professionals. To learn more, visit www.ctinnovations.com.