The Future Fund is looking to invest $50M into venture-backable, tech-enabled startups that champion diversity. We are looking to back high-quality teams that are building businesses in growing markets. CI will typically lead or co-lead Seed or Pre-Seed rounds, with an average initial check size from $250,000 - $1.5 million.
Future Fund
Our mission is to empower diverse teams and ambitious founders with venture-backable businesses that can scale rapidly and demonstrate global impact.
Program Thesis
THE FUNDING REALITY
Approximately 2%
of venture capital funded startups have solely a female founder
Approximately 1%
of venture capital funded startup founders are Latinx
Approximately .5%
of venture capital funded startup founders are black
Our Fund Manager
Alison Malloy is a managing director of investments for Connecticut Innovations, focusing on tech investments and consumer product goods. She manages CI’s $50M Future Fund, which prioritizes diversity in its portfolio. Alison is responsible for sourcing and evaluating investment opportunities, structuring investment terms and accelerating portfolio companies through active board participation. She is also the co-founder of Tidal River, Connecticut’s women investor network, and serves as a regular speaker, judge and member at several entrepreneur organizations, including Golden Seeds, AIF’s Angel Investor Forum and Springboard Enterprises.
Alison contributes to CI’s expertise in tech with more than 20 years in the industry. Alison was the CEO and co-founder of Design2Launch (D2L), a leading Connecticut-based tech startup in workflow collaboration for the CPG and pharma industries, with two successful exits, to Eastman Kodak Company in 2008 and Danaher in 2018. She started her career with GE Capital and General Electric and graduated from GE Capital’s business financial management program. She was also the chief financial officer of the NBC Retail Experience Store in NYC and integrated the acquisition of the Mexican bank Banco Alianza with GE Capital Mexico. Alison co-led a management consulting practice for Arthur Andersen Management Consulting and started her investing career at the Slovak American Enterprise Fund in Slovakia. Alison graduated from Boston College.