Many team members at Unicorn Nest are Ukrainians affected by Russian aggression. We do our best to solve any issues and answer your questions in the shortest possible time frames but some delays are possible.

Connecticut Innovations

Overview

Investments

Unlock datapoints

Portfolio analytics

Team

News & Media

Add fund to favorites
info
Save this fund for later to form your own custom list of funds
This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

Need help with fundraising?

We offer an assisted fundraising option for startups

Learn more
Total investments 301
Average round size
info
The average size of a deal this fund participated in
$6M
Portfolio companies 220
Rounds per year 10.75
Lead investments 62
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.27
Exits 31
Key employees 8
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Health Care
  • Biotechnology
  • Software
  • Medical
  • Medical Device
Summary

Connecticut Innovations appeared to be the Corporate Investor, which was created in 1995. The main department of described Corporate Investor is located in the Rocky Hill. The fund was located in North America if to be more exact in United States.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Primeter eSecurity, NeuVis, Budderfly. The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the most successful fund investment fields, there are Information Technology, Pharmaceutical.

This Connecticut Innovations works on 16 percentage points less the average amount of lead investments comparing to the other organizations. The higher amount of exits for fund were in 2018. The high activity for fund was in 2013. Despite it in 2019 the fund had an activity. The typical startup value when the investment from Connecticut Innovations is 5-10 millions dollars. Considering the real fund results, this Corporate Investor is 19 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 7-12 investment rounds annually. Deals in the range of 5 - 10 millions dollars are the general things for fund.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Connecticut Innovations, startups are often financed by Ironwood Capital, MassChallenge, Advantage Capital. The meaningful sponsors for the fund in investment in the same round are Ironwood Capital, Elm Street Ventures, YEI Innovation Fund. In the next rounds fund is usually obtained by Ironwood Capital, Advantage Capital, The Vertical Group.

Besides them, we counted 8 critical employees of this fund in our database.

Read more

Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Connecticut Innovations:
Typical Co-investors
Connecticut Innovations is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Connecticut Innovations:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Raise Green

Crowdfunding
Environmental Engineering
FinTech
Solar
Sustainability
$1M14 Jun 2023 Massachusetts, United States

OOVA

Consumer
Consumer Goods
Health Care
$10M12 Jun 2023 New York, New York, United States

Inbox Health

Billing
Health Care
Payments
Software
$22M04 May 2023 New Haven, Connecticut, United States

ReferWell

Cloud Computing
Health Care
Hospital
Medical
SaaS
Software
10 Jan 2023 Stamford, Connecticut, United States

Torigen Pharmaceuticals

Biotechnology
Health Care
Veterinary
$13M16 Nov 2022 Farmington, Connecticut, United States

Bags

$3M19 Oct 2022 New York, New York, United States

CINCH Holdings

Finance
Real Estate
Software
10 Oct 2022 New Haven, Connecticut, United States

Peer Robotics

Industrial Automation
Manufacturing
Robotics
Warehousing
$2M12 Sep 2022 New Delhi, Delhi, India

Aceiss

Cyber Security
Network Security
$3M17 Aug 2022 -
News
Israel’s DiA gets $14M to expand AI-driven ultrasound analysis

– Israel-based AI healthtech company, DiA Imaging Analysis, which is using deep learning and machine learning to automate analysis of ultrasound scans, has closed a $14m Series B round of funding.
– Backers in the growth round, which comes three years after DiA last raised, include new investors Alchimia Ventures, Downing Ventures, ICON Fund, Philips and XTX Ventures — with existing investors also participating, including CE Ventures, Connecticut Innovations, Defta Partners, Mindset Ventures, and Dr Shmuel Cabilly.
– The latest financing will allow DiA to continue expanding its product range and go after new and expanded partnerships with ultrasound vendors, PACS/Healthcare IT companies, resellers and distributors while continuing to build out its presence across three regional markets.

Shelf.io Raises $52.5 Million in a Series B To Accelerate Growth Of AI-Driven Answers Automation Platform

– Shelf.io announced a $52.5m Series B round of funding led by Tiger Global and Insight Partners, with participation from existing investors Base10 Partners, Connecticut Innovations, Contour Venture Partners and individuals like Austin McChord (founder of Datto) and Tooey Courtemanche (founder of Procore).
– The company, whose clients include John Deere, DSW, HelloFresh, Equitable/AXA, and Glovo, has experienced 4X growth in the last 12 months, zero customer churn in the last three years and a 10X user growth in the last year.
– Shelf was created to address a massive employee productivity challenge — the average worker spends 19% of their time tracking looking for answers or tracking down colleagues for help. The shift to remote teams due to COVID has only exacerbated the problem of tracking down answers.

Review

  • No reviews are submitted yet.
Do you want more?
We provide dozens of additional datapoints about this fund.
Sign up and get access to full fund profile and advanced analysis.
Full team
Industries heatmap
Stages heatmap
Georgaphy breakdown
Coinvestors
Portfolio analysis
Performance indexes
Latest highlights
Unlock all data
Do you represent Connecticut Innovations?
Get access to manage this page
Get in touch
Found incorrect info? Let us know!
Total investments 301
Average round size 6M
Rounds per year 10.75
Peak activity year 2020
Lead investments 62
Follow on index 0.27
Exits 31
Group Appearance index 0.63

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Raise Green

Crowdfunding
Environmental Engineering
FinTech
Solar
Sustainability
$1M14 Jun 2023 Massachusetts, United States

OOVA

Consumer
Consumer Goods
Health Care
$10M12 Jun 2023 New York, New York, United States

Inbox Health

Billing
Health Care
Payments
Software
$22M04 May 2023 New Haven, Connecticut, United States

ReferWell

Cloud Computing
Health Care
Hospital
Medical
SaaS
Software
10 Jan 2023 Stamford, Connecticut, United States

Torigen Pharmaceuticals

Biotechnology
Health Care
Veterinary
$13M16 Nov 2022 Farmington, Connecticut, United States

Bags

$3M19 Oct 2022 New York, New York, United States

CINCH Holdings

Finance
Real Estate
Software
10 Oct 2022 New Haven, Connecticut, United States

Peer Robotics

Industrial Automation
Manufacturing
Robotics
Warehousing
$2M12 Sep 2022 New Delhi, Delhi, India

Aceiss

Cyber Security
Network Security
$3M17 Aug 2022 -
Crunchbase icon

Content report

The following text will be sent to our editors: