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Connecticut Innovations will invest $12.6 million in early-stage companies in the third quarter of fiscal 2024

Offers are used $148.0 million of debt capital in the third quarter of the financial year

NEW HAVEN, Conn, May 1, 2024 /PRNewswire-PRWeb/ – Connecticut Innovations (CI), Connecticut The strategic venture capital arm announced today that it has invested about $12.6 million in 24 companies and venture funds in the third quarter of the fiscal year ending March 31, 2024.

CI invested $5.5 million another in the consumer sector $2.5 million in technology companies and the rest $4.6 million in healthcare companies and venture funds. CI's investments were leveraged $148.0 million in debt capital.

“We are actively looking for opportunities in the venture debt space and finding opportunities in the market,” he said Kevin Crowley, Senior Managing Director of Investments. “As we move forward, we expect to increase our efforts in this area.”

“We had a very active quarter,” he said Peter Longo, Senior Managing Director of Investments. “We continue to see good investment prospects in.” Connecticut growing ecosystem.”

In the entire FY24, CI had 130 angels invest $11.6 million qualified in 38 Connecticut Companies through the Angel Investor Tax Credit Program.

CI invested in FY24 $38.5 million and leveraged $660.9 million year to date.

About Connecticut Innovations
Connecticut Innovations (CI) is the state's strategic venture capital arm and the leading source of funding and ongoing support for Connecticut innovative, growing companies. CI provides access to capital and its network of talent and partners to help companies grow. For more information, please visit

Media contact

Lauren CarmodyConnecticut Innovations, 860.258.7829, [email protected],

SOURCE Connecticut Innovations

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