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Connecticut Innovations company logo
Venture Capital
ctinnovations.com

Investments

506

Portfolio Exits

53

Funds

9

Partners & Customers

6

About Connecticut Innovations

Connecticut Innovations, aka CT Innovations, is a venture capital firm focused on investing in startups based in Connecticut. To maximize company growth potential, CI provides venture capital and strategic support for early-stage technology companies; financial support for innovation and collaboration; and connections to its well-established network of partners and professionals.

Headquarters Location

865 Brook Street

Rocky Hill, Connecticut, 06067,

United States

860-563-5851

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Latest Connecticut Innovations News

Intus Bio Strengthens Industry Leading Microbiome Platform with Acquisition of Pattern Genomics

Jul 4, 2023

Share Intus Biosciences, LLC (Intus Bio), creators of the industry-leading Titan-1 microbiome research and testing platform has announced the strategic acquisition of Pattern Genomics, a developer of advanced genomic analysis software tools. This transaction was made possible with the support of Connecticut Innovations, an investor in both companies. The development enhances Intus Bio’s portfolio of end-to-end data-driven solutions for microbiome discovery and understanding. The company has a long history of collaboration with Pattern Genomics and a deep appreciation of the technology being acquired. The Intus Bio Titan-1 platform combines patented assays and next-generation proprietary analysis tools for an unprecedented ability to generate high accuracy, high-resolution strain-level data on a high-throughput basis. The integration of Pattern Genomics’ technology brings additional machine learning tools for biomarker discovery and patient stratification, across extensive datasets and populations. As part of the transaction, Pattern Genomics Founder and President, Daniel Fasulo has joined Intus Bio as Head of IT and Bioinformatics. Related Posts “We’re grateful for the support of Connecticut Innovations, as we add the impressive technology of Pattern Genomics to Intus Bio. Together, we have an unmatched ability to produce and analyze high-resolution bacterial data at scale, creating incredible opportunities across every aspect of healthcare” said Paul Denslow, Intus Bio’s CEO. “We are also very pleased to have Dan join the Intus Bio leadership team, as he’s a fantastic addition we already know well.” “After nearly 11 years of developing a portfolio of bioinformatics technologies at Pattern Genomics, I am thrilled with this transaction and to join the Intus Bio team,” said Daniel Fasulo, President of Pattern Genomics. “There is no better home for Pattern than Intus Bio, as they bring microbiome technologies into practical medical and pharmaceutical applications.” “Intus Bio has acquired a powerful asset in Pattern, adding to their already impressive and groundbreaking Titan-1 assay and analysis platform,” said Dan Wagner, Senior Managing Director of Investments at Connecticut Innovations. “The exciting combination of these technologies only increases their significant potential to impact the healthcare industry. We look forward to being part of Intus Bio’s future success.”

Connecticut Innovations Investments

506 Investments

Connecticut Innovations has made 506 investments. Their latest investment was in Oova as part of their Series A on June 6, 2023.

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Connecticut Innovations Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/12/2023

Series A

Oova

$10.3M

Yes

2

6/8/2023

Unattributed VC

Driver Technologies

$6M

Yes

1

6/6/2023

Pre-Seed

2045

$4.2M

Yes

1

5/24/2023

Unattributed VC

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10

5/4/2023

Series B

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$99M

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10

Date

6/12/2023

6/8/2023

6/6/2023

5/24/2023

5/4/2023

Round

Series A

Unattributed VC

Pre-Seed

Unattributed VC

Series B

Company

Oova

Driver Technologies

2045

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Amount

$10.3M

$6M

$4.2M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

Connecticut Innovations Portfolio Exits

53 Portfolio Exits

Connecticut Innovations has 53 portfolio exits. Their latest portfolio exit was Shop Tomorrows on July 25, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/25/2023

Acquired

$99M

1

6/28/2023

Acquired

$99M

2

6/16/2023

IPO

$99M

Public

4

5/8/2023

Acquired

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$99M

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10

10/17/2022

Acquired

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$99M

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10

Date

7/25/2023

6/28/2023

6/16/2023

5/8/2023

10/17/2022

Exit

Acquired

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

2

4

10

10

Connecticut Innovations Fund History

9 Fund Histories

Connecticut Innovations has 9 funds, including UConn Innovation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/21/2017

UConn Innovation Fund

Early-Stage Venture Capital

Closed

$2M

1

9/4/2013

Connecticut Bioscience Innovation Fund

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$99M

10

11/24/2008

Connecticut Innovations Clean Technology Fund

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$99M

10

12/1/2007

Seed Investment Fund

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$99M

10

6/1/2001

BioScience Facilities Fund

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$99M

10

Closing Date

4/21/2017

9/4/2013

11/24/2008

12/1/2007

6/1/2001

Fund

UConn Innovation Fund

Connecticut Bioscience Innovation Fund

Connecticut Innovations Clean Technology Fund

Seed Investment Fund

BioScience Facilities Fund

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$2M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Connecticut Innovations Partners & Customers

6 Partners and customers

Connecticut Innovations has 6 strategic partners and customers. Connecticut Innovations recently partnered with Hartford HealthCare on December 12, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

12/6/2022

Partner

United States

Connecticut Innovations and Hartford HealthCare Announce Partnership.

`` Hartford HealthCare is more than a world-class hospital system , it 's also a major engine of healthcare innovation and economic growth , and this partnership with Connecticut Innovations will expand its role and impact even further , '' said Hartford Mayor Luke Bronin .

3

12/6/2022

Partner

United States

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10

12/6/2022

Partner

United States

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10

12/6/2022

Partner

United States

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10

4/16/2018

Partner

United States

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10

Date

12/6/2022

12/6/2022

12/6/2022

12/6/2022

4/16/2018

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Connecticut Innovations and Hartford HealthCare Announce Partnership.

`` Hartford HealthCare is more than a world-class hospital system , it 's also a major engine of healthcare innovation and economic growth , and this partnership with Connecticut Innovations will expand its role and impact even further , '' said Hartford Mayor Luke Bronin .

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Sources

3

10

10

10

10

Connecticut Innovations Team

31 Team Members

Connecticut Innovations has 31 team members, including current Chief Executive Officer, Matthew J. Mccooe.

Name

Work History

Title

Status

Matthew J. Mccooe

Chief Executive Officer

Current

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Name

Matthew J. Mccooe

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Work History

Title

Chief Executive Officer

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Status

Current

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