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Business Plan Competition
ventureclash.com

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Investments

23

Portfolio Exits

1

Funds

1

About VentureClash

VentureClash is Connecticut Innovations' global investment challenge focused on early-stage companies. The challenge identifies high-potential companies in digital health and fintech that will receive investments from a $5 million award pool and the support of resources around Connecticut.

VentureClash Headquarter Location

865 Brook St.

Rocky Hill, Connecticut, 06067,

United States

860-258-7874

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Latest VentureClash News

Connecticut Innovations Invests $750,000 in Aureus Analytics

Nov 3, 2020

Share Article Data analytics company receives investment following participation in VentureClash From the strength of the management team to the prowess of their analytics solutions, we have been very impressed with Aureus’s progress and prospects. ROCKY HILL, Conn. (PRWEB)January 31, 2019 Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced the closing of a $750,000 investment in Aureus Analytics (Aureus), a provider of AI and a predictive analytics platform for the insurance industry. Aureus was selected as an early winner of VentureClash and is the first company to receive an investment from the VentureClash 2018 competition. CI’s investment is a part of a total fundraise of $3.1 million, which also included participation from other funds including Multi-Act, Alpine Meridian and additional investment by existing investors. “From the strength of the management team to the prowess of their analytics solutions, we have been very impressed with Aureus’s progress and prospects,” said Peter Longo, senior managing director of investments at CI. “Their new headquarters in Hartford will allow them access to major insurers in the United States and accelerate their growth in this market.” Aureus provides insurance industry solutions hosted on an artificial intelligence platform that combines both explicit and implicit data to measure the customer experience in real time to determine a SentiMeter score for customers. In addition to participating in the VentureClash competition, Aureus also was selected to be part of the inaugural Hartford InsurTech Hub and subsequently expanded its presence to Hartford at the conclusion of the program. “Programs like VentureClash and the Hartford InsurTech Hub help companies like ours grow and prosper in Connecticut,” said Anurag Shah, CEO and cofounder of Aureus. “This investment from CI, along with the support we have received from other corners of the state, will allow us to continue on our growth path and bring enhanced analytics solutions to the insurance industry.” The new financing will be used by the company to support growth, drive geographic expansion in the North American market and ramp up the technology and teams to accelerate product development. About VentureClash VentureClash is Connecticut Innovations’ global venture challenge focused on early-stage companies. The challenge identifies promising companies in digital health, financial technology, insurance technology and the Internet of Things that will receive investments from a $5 million award pool and the support of resources around Connecticut. To learn more, visit http://www.ventureclash.com . About Connecticut Innovations Inc. Connecticut Innovations is Connecticut’s strategic venture capital arm, providing funding and strategic support to early-stage technology companies. In addition to equity investments, CI provides grants that support innovation and collaboration through CTNext, and connections to its well-established network of partners and professionals. To learn more, visit http://www.ctinnovations.com . About Aureus Analytics Founded in 2013 with operations in the United States and India, Aureus is the customer intelligence and experience company that enables insurers to deliver superior customer experience leading to greater customer retention, loyalty and lifetime value. The AI platform has processed more than 40 million insurance policy data points and learns from a variety of structured and unstructured data sets to measure the customer experience in real time to determine a SentiMeter score for all customers. To learn more, visit http://www.aureusanalytics.com . Share article on social media or email: View article via:

VentureClash Investments

23 Investments

VentureClash has made 23 investments. Their latest investment was in NemaBio as part of their Biz Plan Competition on December 12, 2019.

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VentureClash Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/23/2019

Biz Plan Competition

NemaBio

Yes

1

10/29/2019

Biz Plan Competition

Pineapple

$1.54M

Yes

2

10/28/2019

Biz Plan Competition

GeekHunter

$1.55M

Yes

1

10/21/2019

Biz Plan Competition

Subscribe to see more

$99M

Subscribe to see more

10

10/21/2019

Biz Plan Competition - III

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/23/2019

10/29/2019

10/28/2019

10/21/2019

10/21/2019

Round

Biz Plan Competition

Biz Plan Competition

Biz Plan Competition

Biz Plan Competition

Biz Plan Competition - III

Company

NemaBio

Pineapple

GeekHunter

Subscribe to see more

Subscribe to see more

Amount

$1.54M

$1.55M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

1

10

10

VentureClash Portfolio Exits

1 Portfolio Exit

VentureClash has 1 portfolio exit. Their latest portfolio exit was Streamdata.io on March 21, 2019.

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

3/21/2019

Acquired

3

Date

3/21/2019

Exit

Acquired

Companies

Valuation

Acquirer

Sources

3

VentureClash Fund History

1 Fund History

VentureClash has 1 fund, including VentureClash.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/28/2016

VentureClash

$5M

2

Closing Date

4/28/2016

Fund

VentureClash

Fund Type

Status

Amount

$5M

Sources

2

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