# Connecticut Innovations: portfolio, investments and team

> Connecticut Innovations is a government based in United States. 264 investments on record, 30 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/connecticut-innovations (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Connecticut Innovations

Last cheque observed Oct 2026; 264 cheques on record.

Email

Deploying now Government

Pre-seed Seed Series A Biotech IT Artificial Intelligence

Follow Connecticut Innovations and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fconnecticut-innovations)

Deploying now

**88%** of best year **30** **cheques in 12 months**, 264 on record

Since the last cheque **2** days **00** hrs **00** min **00** sec

Median round **$6.0M** Cheque size, as they say **$150K – $7.0M** Rounds led **0 of 264** Sole investor **78 rounds** Exits **8 from the portfolio** Mostly in **United States, 90%**

Pitch Connecticut Innovations

## Connecticut Innovations highlights

- 01 30 cheques in the last 12 months
- 02 Mostly Venture and Seed: 60% of its rounds
- 03 Sole investor in 78 rounds, median $650K
- 04 8 exits from the portfolio

## What they do

> We are Connecticut's venture capital arm and the leading source of financing and ongoing support for innovative, growing companies. From their own website

- **Type:** Government (from a list, unverified)
- **Cheque size:** $150K – $7.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Biotech IT Artificial Intelligence
- **Based in:** New Haven, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **264 appearances**

- **2026** 22 rounds
- **Oct** **[Urologic Design](https://millionrounds.com/company/urologic-design)** Pre-seed · US · Google News search **$1.2M** With 5 others
- **Oct** **[Loops](https://millionrounds.com/company/loops)** Seed · US · Silicon Angle **$3.5M** With 5 others
- **Sept** **[Intus Bio](https://millionrounds.com/company/intus-bio)** Grant · US **$2.7M** With 1 other
- **Aug** **[Queen One](https://millionrounds.com/company/queen-one)** US · Ventureburn **$25M** With 5 others
- **Jul** **[LOOK OPTIC](https://millionrounds.com/company/look-optic)** Series B · US **$400K** Sole investor
- **Jul** **[Adaptive insurance](https://millionrounds.com/company/adaptive-insurance)** Seed · US **$5.0M** With 2 others
- **Jun** **[Rejuvenate Bio](https://millionrounds.com/company/rejuvenate-bio)** Venture · US **$6.0M** With 2 others
- **May** **[Crew Carbon](https://millionrounds.com/company/crew-carbon)** Series A · US · Ventureburn **$25M** With 5 others
- **May** **[Neurosoft Bioelectronics](https://millionrounds.com/company/neurosoft-bioelectronics)** Seed · CH · TechStartups **$7.5M** With 8 others
- **May** **Vortex Imaging** IL · Ventureburn **$12M** With 4 others
- **May** **[P2 Science](https://millionrounds.com/company/p2-science)** US · Firms' own news pages **$23M** With 9 others
- **May** **[Encapsulate](https://millionrounds.com/company/encapsulate)** Grant · US **$2.5M** With 2 others
- **May** **[Cypher AI](https://millionrounds.com/company/cypher-ai)** Seed · US **$2.0M** With 1 other
- **May** **[OncoSynergy](https://millionrounds.com/company/oncosynergy)** Venture · US **$6.6M** Sole investor
- **May** **[Allyx Therapeutics](https://millionrounds.com/company/allyx-therapeutics)** Series B · US **$27M** With 1 other
- **Apr** **[Rally](https://millionrounds.com/company/rally)** Crowdfunding · US **$128K** With 3 others
- **Apr** **[VeraDermics](https://millionrounds.com/company/veradermics)** US **$384M** With 3 others
- **Mar** **[Slide](https://millionrounds.com/company/slide)** Series B · US · TechStartups **$70M** With 8 others
- **Mar** **[Azitra](https://millionrounds.com/company/azitra)** US **$31M** With 3 others
- **Jan** **[CloudSEK](https://millionrounds.com/company/cloudsek)** Series B · SG **$10M** With 1 other
- **Jan** **[Peer Robotics](https://millionrounds.com/company/peer-robotics)** Venture · US **$4.5M** With 3 others
- **Jan** **[Bexorg](https://millionrounds.com/company/bexorg)** Venture · US **Undisclosed** With 2 others
- **2025** 23 rounds
- **Dec** **[Bags](https://millionrounds.com/company/bags)** Seed · US **$2.8M** With 1 other
- **Dec** **[LeanCon AI](https://millionrounds.com/company/leancon-ai)** Seed · US **$6.0M** With 1 other
- **Dec** **[DeepLook Medical](https://millionrounds.com/company/deeplook-medical)** Venture · US **Undisclosed** With 2 others
- **Dec** **[Coinbax](https://millionrounds.com/company/coinbax)** Seed · US **$4.2M** With 1 other
- **Nov** **[Azitra](https://millionrounds.com/company/azitra)** US **$1.5M** With 3 others
- **Nov** **[LambdaVision](https://millionrounds.com/company/lambdavision)** Seed · US **$7.0M** With 4 others
- **Nov** **[Biohaven Pharmaceutical](https://millionrounds.com/company/biohaven-pharmaceutical)** US **$200M** With 3 others
- **Nov** **[Artizan Biosciences](https://millionrounds.com/company/artizan-biosciences)** Venture · US **$1.5M** With 1 other
- **Oct** **[Previsico](https://millionrounds.com/company/previsico)** Venture · GB **Undisclosed** With 3 others
- **Oct** **[VeraDermics](https://millionrounds.com/company/veradermics)** Series C · US **$150M** With 2 others
- **Sept** **[Revalia Bio](https://millionrounds.com/company/revalia-bio)** Seed · US · Crunchbase News **$15M** With 3 others
- **Sept** **[Inbox Health](https://millionrounds.com/company/inbox-health)** Venture · US **$20M** With 3 others
- **Sept** **[P-TAL](https://millionrounds.com/company/p-tal)** Series A **$3.0M** With 3 others
- **Aug** **[Encapsulate](https://millionrounds.com/company/encapsulate)** Grant · US **$1.3M** With 3 others
- **Aug** **[Arvinas](https://millionrounds.com/company/arvinas)** Venture · US **Undisclosed** With 5 others
- **Aug** **[FallCall Solutions, LLC](https://millionrounds.com/company/fallcall-solutions-llc)** Seed · US **$1.5M** Sole investor
- **Jul** **[Oxford Performance Materials](https://millionrounds.com/company/oxford-performance-materials)** Venture · US **$355K** Sole investor
- **Apr** **[Cloudastructure](https://millionrounds.com/company/cloudastructure)** US **$3.0M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **19** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**2** of 4 we have independently watched raise

[Bright Feeds](https://millionrounds.com/company/bright-feeds)[Curacity](https://millionrounds.com/company/curacity) Enko FlyteHealth

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **8 in all**

**[AxioMx](https://millionrounds.com/company/axiomx)** Bought by [Abcam](https://millionrounds.com/fund/abcam) **Undisclosed** Nov 2015

**[CyVek](https://millionrounds.com/company/cyvek)** Bought by Bio-Techne **$195M** Nov 2014

**[Silversky](https://millionrounds.com/company/silversky)** Bought by BAE Systems **$233M** Oct 2014

**[Retail Optimization](https://millionrounds.com/company/retail-optimization)** Bought by Revionics **Undisclosed** Jul 2012

**[CGI Pharmaceuticals](https://millionrounds.com/company/cgi-pharmaceuticals)** Bought by [Gilead Sciences](https://millionrounds.com/fund/gilead-sciences) **$120M** Jun 2010

**[Netkey](https://millionrounds.com/company/netkey)** Bought by [NCR](https://millionrounds.com/fund/ncr) **Undisclosed** Nov 2009

**[CYA Technologies](https://millionrounds.com/company/cya-technologies)** Bought by enChoice **Undisclosed** Nov 2008

**[Paragon Networks International](https://millionrounds.com/company/paragon-networks-international)** Bought by Carrier Access Corporation **Undisclosed** Nov 2003

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed Series A

Median round joined **$6.0M** the round, not its cheque Alone, median **$650K**

Led 0 of 264 rounds **0%**

- **Said size:** $150K – $7.0M
- **Sole investor:** 78 rounds
- **Last cheque:** Oct 2026
- **Exits:** 8 from the portfolio

Rounds by stage said on their site

- Venture *68*
- Seed said *59*
- Series A said *48*
- Series B said *24*
- Debt *14*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [LaunchCapital](https://millionrounds.com/fund/launchcapital) 18
- [Advantage Capital](https://millionrounds.com/fund/advantage-capital) 13
- [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) 11
- [Canaan](https://millionrounds.com/fund/canaan-partners) 10
- [Techstars](https://millionrounds.com/fund/techstars) 8
- [National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health) 7

**Pitching Connecticut Innovations?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Connecticut Innovations. A count of rooms they were both in, not a relationship either has claimed.

[**LaunchCapital** VC firm **18** rounds together](https://millionrounds.com/fund/launchcapital)[**Advantage Capital** Corporate VC **13** rounds together](https://millionrounds.com/fund/advantage-capital)[**National Science Foundation** Government **11** rounds together](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno)[**Canaan** VC firm **10** rounds together](https://millionrounds.com/fund/canaan-partners)[**Techstars** VC firm **8** rounds together](https://millionrounds.com/fund/techstars)[**National Institutes of Health** Government **7** rounds together](https://millionrounds.com/fund/national-institutes-of-health)[**Y Combinator** Accelerator **7** rounds together](https://millionrounds.com/fund/y-combinator)[**YEI Innovation Fund** VC firm **7** rounds together](https://millionrounds.com/fund/yei-innovation-fund)[**Elm Street Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/elm-street-ventures)[**MassChallenge** Accelerator **5** rounds together](https://millionrounds.com/fund/masschallenge)[**Alumni Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Gaingels** Private equity **4** rounds together](https://millionrounds.com/fund/gaingels)

## Recently backed

The latest companies Connecticut Innovations put money into.

[**Urologic Design** $1.2M · Oct 2026](https://millionrounds.com/company/urologic-design)[**Intus Bio** $2.7M · Sept 2026](https://millionrounds.com/company/intus-bio)[**Queen One** $25M · Aug 2026](https://millionrounds.com/company/queen-one)[**LOOK OPTIC** $400K · Jul 2026](https://millionrounds.com/company/look-optic)[**Adaptive insurance** $5.0M · Jul 2026](https://millionrounds.com/company/adaptive-insurance)[**Rejuvenate Bio** $6.0M · Jun 2026](https://millionrounds.com/company/rejuvenate-bio)

## Quick answers about Connecticut Innovations

### What does Connecticut Innovations invest in?

Connecticut Innovations invests most often at Venture and Seed (60% of the rounds on record), in sectors such as Biotech, IT and Artificial Intelligence.

### How active is Connecticut Innovations?

264 investments on record, 30 of them in the last 12 months. The most recent was in Oct 2026.

### What has Connecticut Innovations invested in recently?

Its most recent investments on record: Urologic Design (Pre-seed, Oct 2026), Loops (Seed, Oct 2026) and Intus Bio (Grant, Sept 2026).

### How big are Connecticut Innovations's cheques?

The median round it joins is $6.0M. It says it writes cheques of $150K to $7.0M.

### Does Connecticut Innovations lead rounds?

Rarely, if at all: none of its 264 investments on record names it as the lead.

### Where does Connecticut Innovations invest?

Most of the companies it backs are in the United States (90%).

### Is Connecticut Innovations investing now?

Yes: it is actively investing, with 30 investments in the last 12 months.

### Who does Connecticut Innovations invest alongside?

Most often LaunchCapital (18 rounds together), Advantage Capital (13 rounds together) and National Science Foundation (11 rounds together).

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