Connecticut Innovations (CI) invested $8.6 million across 21 transactions during the first quarter of its 2023 fiscal year, ending September 30, 2022.
CI invested approximately $3.5 million in healthcare companies and $1.6 million in climate tech; the remaining funds were allocated across technology and venture funds.
“We had an incredibly active first quarter,” said Matt Storeygard, senior managing director of investments at Connecticut Innovations. “We are seeing new opportunities in the market, as well as good progress with our existing portfolio.”