Connecticut Innovations - Unicorn Nest

Connecticut Innovations

Connecticut Innovations

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Headquarters Location

United States, Rocky Hill

About

Connecticut Innovations is the renowned Corporate Investor, which was created in 1995. The primary office of this Corporate Investor is located in Rocky Hill. The fund is located in United States, North America.

The usual method for the fund is to invest in rounds with 2-3 other investors. Besides Connecticut Innovations, start-ups are typically funded by Ironwood Capital, MassChallenge, Advantage Capital and 26 more VCs. Other VCs who often invest in the same rounds are Ironwood Capital, Elm Street Ventures, YEI Innovation Fund, the total number of co-investors is 52. The investors in the following rounds are usually Ironwood Capital, Advantage Capital, The Vertical Group, and 28 VCs in total.

The fund has no an exact preference in the amount of founders of companies in its portfolio. When a start-up has 5+ founders, the probability of closing the deal is low. The average start-up age at the time of investment by this fund is 4-5. Among their most successful investment fields, we have identified Information Technology, Pharmaceutical. Also, because of its portfolio diversification tendency, we can highlight 14 more industries for this fund. Primeter eSecurity, NeuVis, Budderfly are among the most popular portfolio start-ups of the fund. The country of its foundation and the country of the most frequent investments for the fund coincides - United States. In addition to this location, the fund participated in 3 other locations.

The fund's activity peaked in 2013. Additionally, in 2019 the fund was active. The fund usually participates in 7-12 investment rounds per year. In real terms, this Corporate Investor performs 19 percentage points more exits than other funds. The highest number of exits from this fund were in 2018. Connecticut Innovations participates, on average, in 16 percentage points less than the average amount of lead investments in other funds. At the time of investment by Connecticut Innovations, a typical start-up valuation would be 5-10 millions dollars. Deals in the range of 5 - 10 millions dollars are most common for this fund.

Besides the listed founders, we have found 8 key employees of this fund in our database.

Year Founded

1995

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: ctinnovations.com; User name format in descending order of probability: first '.' last, first last, first_initial last, last first_initial, first

Group Appearance [how often fund is operating separately from groups with shared interest]

90.2% of cases

Investments per Year [average amount of rounds in which fund participates each year]

7-12

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

22.6% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x8

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

1.9 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.41 out of 1

Funds Investing in Previous
Rounds

Ironwood Capital, MassChallenge, Advantage Capital

Funds Investing in Following
Rounds

Ironwood Capital, Advantage Capital, The Vertical Group

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