About Connecticut Innovations
Connecticut Innovations is a venture capital firm founded in 1989. It is primarily based out of New Haven, United States. As of Oct 2026, Connecticut Innovations is an active investor, having invested in 480 companies, with 18 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and High Tech. Most recently it participated in the $***** Seed round of Uvi Overall, Connecticut Innovations portfolio has seen 13 IPOs and 97 acquisitions including key companies like Alexion, Valera Health and Halda Therapeutics. A lot of funds co-invest with Connecticut Innovations, with names like LaunchCapital sharing a substantial percentage of its portfolio. Connecticut Innovations has team of 43 people including 12 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 8 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Connecticut Innovations' List of Top Investments
Connecticut Innovations has a portfolio of 480 companies. Their most notable investments are in Convexity Scientific and Driver Technologies.Their portfolio spans across United States, Israel, India and 14 more locations. They have invested in Enterprise Applications, Life Sciences, High Tech and 36 other sectors, across stages such as Seed, Series A and 8 more. Here is the list of top investments by Connecticut Innovations:1. M2P Fintech
Provider of APIs enabling banking, lending, and payment financial services. The company offers solutions for customer onboarding, core banking systems, and payment processing. It facilitates card issuance, core lending, and digital commerce. The company provides tools for regulatory compliance, fraud management, and rewards programs. It also offers value-added services, including reconciliation, KYC, and anti-money laundering solutions.
Key facts about M2P Fintech
- Founded Year: 2014
- Location: Chennai (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $215M
- Employee Count: 1,290 as on Aug 31, 2025
- Investors: Nexus Venture Partners, Visa and 64 Others
- Latest Funding Round: Series D, Jun 30, 2025, $*****
- Highlight: Editors' Pick
Crafting innovative non-alcoholic beer and sparkling hop water for everyone. We are dedicated to brewing delicious, high-quality non-alcoholic craft beers and refreshing sparkling hop waters. Our online shop offers a diverse range of products, including best sellers, limited editions, variety packs, and member-exclusive brews. Customers can join our club for exclusive perks, discounts, and first access to new products through a subscription model. We are committed to sustainability and giving back to local trails. Our website features options to add to cart, login, find in store, and explore our story, values, and brewing process. We also offer digital gift cards and merchandise.
Key facts about Athletic Brewing
- Founded Year: 2017
- Location: Milford (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $251M
- Employee Count: 281 as on Sep 30, 2026
- Investors: Trinity Capital, General Atlantic and 18 Others
- Latest Funding Round: Series D, Jul 09, 2024, $*****
- Highlight: Editors' Pick
Provider of predictive attack path intelligence and digital risk monitoring. This platform identifies and maps external attack surfaces to detect vulnerabilities, leaked credentials, and shadow assets. It utilizes graph-based analysis to connect security signals, allowing for the identification of exploitable paths within an infrastructure. The technology monitors the deep and dark web for data leaks, brand impersonation, and supply chain risks. Automated scanning tools assess mobile applications and cloud environments to uncover misconfigurations. By aggregating threat intelligence, the system assists in prioritizing remediation workflows to prevent unauthorized access to sensitive data.
Key facts about CloudSEK Research
- Founded Year: 2015
- Location: Singapore (Singapore)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $42.7M
- Employee Count: 243 as on Sep 30, 2026
- Investors: Exfinity Venture Partners, Parampara Capital and 19 Others
- Latest Funding Round: Series B, Jan 13, 2026, $*****
- Highlight: Editors' Pick
App and hub for connected device management. It enables users to coordinate with different connected products and control them. Device controls smart plugs thus bringing automation to appliances. The app can be used to schedule devices on/off time and for climate control. App also integrates with streaming services like Netflix. Partners include Sonos, Honeywell, Sony, Lutron.
Key facts about Savant Systems
- Founded Year: 2005
- Location: Barnstable (United States)
- Stage: Late Stage
- Total Funding till date: $90M
- Employee Count: 233 as on Sep 30, 2026
- Investors: Connecticut Innovations and KKR
- Latest Funding Round: PE, Sep 03, 2014, $*****
- Highlight: Editors' Pick
5. Arccos Golf
Provider of golf shot tracking device with an analytics platform. The device uses the phone's GPS system to track the position of the shot. The swing data collected by the sensor is combined with the GPS system to recreate the shot and analyze the performance. The analytics portal which is available on a subscription basis allows user to share or compare their performance with others.
Key facts about Arccos Golf
- Founded Year: 2012
- Location: Stamford (United States)
- Stage: Series C
- Total Funding till date: $20M
- Employee Count: 64 as on Sep 30, 2026
- Investors: Connecticut Innovations, TaylorMade Golf and 5 Others
- Latest Funding Round: Series C, Aug 15, 2023, $*****
- Highlight: Editors' Pick
Connecticut Innovations' Year-on-Year Investment Trends
Connecticut Innovations has invested in 480 companies over the last 33 years, with an average of 11 new investments annually in the last 10 years. In 2025, it made 11 investments, while as of Oct 2026, it has made 16 investments in this year. Its most recent first time investment was in Uvi and most recent follow-on round was in P2 Science.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 14 | 2 | 16 |
2025 | 11 | 0 | 11 |
2024 | 10 | 3 | 13 |
2023 | 10 | 4 | 14 |
2022 | 10 | 4 | 14 |
2021 | 11 | 5 | 16 |
2020 | 9 | 13 | 22 |
2019 | 11 | 11 | 22 |
2018 | 15 | 4 | 19 |
2017 | 8 | 9 | 17 |
Connecticut Innovations' Investments by Stage
Connecticut Innovations has made 108 investments in Seed stage with an average round size of $1.84M, 68 investments in Series A stage with an average round size of $8.88M and 22 investments in Series B stage with an average round size of $25.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 108 |
Series A | 68 |
Series B | 22 |
Series C | 7 |
Venture Debt | 6 |
Others | 13 |
Note: We have considered here, only first round of investments
Connecticut Innovations' Investments by Sector
Connecticut Innovations has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, High Tech, HealthTech and Vertical SaaS. Notably, it has invested in 353 Tech companies, 312 Enterprise (B2B) companies, 186 Software companies and at least 112 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 80 |
Life Sciences | 68 |
High Tech | 41 |
HealthTech | 40 |
Vertical SaaS | 30 |
Others | 201 |
Note: We have considered here, only first round of investments
Connecticut Innovations' Investments by Geography
Connecticut Innovations has made most investments in United States (193), followed by Israel where it has made 13 investments.Country | No. of Investments |
|---|---|
United States | 193 |
Israel | 13 |
India | 4 |
Canada | 3 |
Switzerland | 3 |
Others | 6 |
Note: We have considered here, only first round of investments
Connecticut Innovations' recent investments
Connecticut Innovations has made 16 investments in 2026 so far. Uvi and Get Loops are the latest among them.Here are the most recent investments by Connecticut Innovations:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 14, 2026 | Israel | Seed | 7257 | [+2] | |
Oct 13, 2026 | Israel | Seed | 1519 | [+3] | |
Oct 12, 2026 | United States | Seed | 6652 | [+3] | |
Sep 23, 2026 | Israel | Series B | 3315 | [+6] | |
Aug 19, 2026 | United States | Series B | 7357 | [+3] |
IPOs and Publicly Listed companies in Connecticut Innovations' Portfolio
13 of Connecticut Innovations' portfolio companies have become public. VeraDermics got listed on the New York Stock Exchange (NYSE), in Feb 2026 at marketcap of $567M and Azitra got listed on the American Stock Exchange (NYSEAMERICAN) at marketcap of $60.4M.Here are Connecticut Innovations' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 04, 2026 | Sep 22, 2021 | Series A | 8919 | |
Jun 16, 2023 | May 02, 2018 | Series A | 4640 | |
Jul 29, 2021 | Apr 20, 2018 | Series A | 3301 | |
May 10, 2021 | Feb 23, 2017 | Series B | 2251 | |
Jan 08, 2021 | - | - | 5960 |
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Acquired companies in Connecticut Innovations' Portfolio
97 companies from Connecticut Innovations' portfolio have been acquired. The most recent acquisition was Get Loops in Oct 2026 by Salesforce for $*****.Here are Connecticut Innovations' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 12, 2026 | Oct 13, 2026 | Seed | 9122 | |
Sep 16, 2026 | Jun 25, 2024 | Series B | 7074 | |
Sep 08, 2026 | - | - | 3527 | |
Jul 22, 2026 | - | - | 6058 | |
Mar 20, 2026 | - | - | 8755 |
Team profile of Connecticut Innovations
Connecticut Innovations has a team of 43 members including 12 Partners, 6 Venture Partners and 8 Principals located in United States. Connecticut Innovations' team sits on the board of 1 company.Here is a list of top team members in Connecticut Innovations:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hartford | - | ||
Partner | New Haven | - | - | |
Partner | Essex | - | ||
Partner | Old Greenwich | - | ||
Partner | Hartford | - | - | |
Partner | Hartford | - | ||
Partner | Stamford | - | ||
Partner | United States | - | - | |
Partner | New Haven | - | - | |
Partner | New Haven | - | - | |
Partner | Middletown | - | - |
Co-investors of Connecticut Innovations
Over the past 33 years, 912 investors have co-invested in Connecticut Innovations's portfolio companies. This includes funds and angels.
- Invested before Connecticut Innovations: HHS, Europa and 250 others have invested in rounds before Connecticut Innovations. There are 5 companies where HHS has invested before Connecticut Innovations and 4 companies where Europa has invested before Connecticut Innovations.
- Top Co-investors of Connecticut Innovations: 375 investors entered a company along with Connecticut Innovations. These include investors like LaunchCapital (12 companies).
- Invested after Connecticut Innovations: A total of 285 investors have invested in Connecticut Innovations's portfolio after their investments. Top Investors include HHS (10 companies), Advantage Capital (10 companies) and NIH (7 companies).
Recent News related to Connecticut Innovations
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AI Startup Uvi Raises $7.5 Million to Reduce Business Context Learning CostsSiliconAngle•Oct 14, 2026•UVI, Cardumen Capital, 91 Ventures, Connecticut Innovations and 1 other
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UltraSight Secures $24M Series B2 Funding to Expand AI-Powered Cardiac UltrasoundHIT Consultant•Sep 23, 2026•Mayo Clinic, Star51 Capital, Connecticut Innovations, UltraSight and 1 other
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Queen One Secures $25 Million in Funding to Fuel Growth and AI Infrastructure ExpansionMassinvestor•Aug 20, 2026•Mercury Fund, Queen One, Full In Partners, Connecticut Innovations
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CT Innovations Reports Record $66.5M in Proceeds for FY '26Hartford Business Journal•Jul 22, 2026•Connecticut Innovations
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Adaptive Insurance reaches $10m in funding with new capital injectionReinsurance News•Jul 07, 2026•Adaptive Insurance, Sunna Ventures, Connecticut Innovations, IAG Firemark Ventures
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Adaptive Insurance Secures $5M Funding to Fuel Specialty Product GrowthArtemis•Jul 07, 2026•Adaptive Insurance, Sunna Ventures, Connecticut Innovations, IAG Firemark Ventures
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Cypher AI: $2 Million Seed Raised To Build AI-Native Infrastructure For Life Science R&DPulse 2.0•May 28, 2026•Sparta Group, LiquidMetal Ventures, Cypherbio, Epsilon Ventures and 2 others
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Cypher AI Raises $2M in Seed FundingFinSMEs•May 27, 2026•Cypherbio, LiquidMetal Ventures, Sparta Group, MaC Venture Capital and 1 other
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Neurosoft Bioelectronics Raises $7.5M in Seed FundingFinSMEs•May 20, 2026•Neurosoft Bioelectronics, IAG Capital Partners, PL Capital, Connecticut Innovations
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Vortex Imaging Raises $12M in FundingFinSMEs•May 18, 2026•PhiFund Ventures, Vortex Imaging, 10D, Connecticut Innovations and 1 other
