Connecticut Innovations Invests $10 Million in Early-Stage Companies in Q2 FY 2023
NEW HAVEN, Conn., Feb. 1, 2023 /PRNewswire-PRWeb/ -- 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 $10 million in early-stage companies and fund of funds during the second quarter of its 2023 fiscal year, ending December 31, 2022.
- In terms of investment breakdown, CI invested approximately $4 million in companies in the technology sector and $3 million in healthcare companies.
- CI had 47 angels invest $5.8 million across 23 qualified Connecticut businesses through the Angel Investor Tax Credit program.
- Additionally, there were 24 angels who invested $2.1 million in two cannabis social equity companies.
- In FY23, CI has invested $18.9 million and leveraged $133.5 million YTD.