Connecticut’s technology investment agency invested $13.5 million in 3rd quarter

Connecticut’s technology investment agency invested $13.5 million in 3rd quarter

  • Technology
  • July 9, 2022
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  • 4 minutes read


The Connecticut technology investment agency invested $ 13.5 million in 34 transactions during the most recent quarter of its fiscal year.

Healthcare companies were the main recipients of New Haven-based Connecticut Innovations investments during the agency’s third quarter, which ended March 31st. Companies in this sector received $ 4.8 million in investments from Connecticut Innovations, according to agency officials.

An additional $ 4.1 million was invested in Connecticut technology companies. The remaining $ 4.6 million was invested in companies in sectors such as climate technology, consumer and risk funds.


CI had fewer investments in the third quarter than in the previous three-month period, which ended Dec. 31, 2021. During the second fiscal quarter of 2022, the agency invested $ 15.1 million in 47 transactions. .

CI’s second fiscal quarter investments include approximately $ 5.7 million targeting technology companies. Another $ 4.8 million went to healthcare companies, according to agency officials.

The remaining funds were invested in other industries, such as climate technology and consumer goods.

CI’s second-quarter investments provided an additional $ 112.6 million in external capital. Connecticut Innovations ’third-quarter investments helped bring in an additional $ 96.7 million in external capital.



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