Connecticut Innovations Launches $50M Future Fund
Connecticut Innovations has launched a $50 million fund targeting early stage companies.
The state’s venture capital arm is prioritizing investments between $250,000 and $1.5 million in technology enabled startups with high growth potential.
The organization’s Future Fund will emphasis investments in companies with underrepresented ownership, as part of a commitment to increasing and supporting leadership diversity.
Connecticut Innovations CEO Matt McCooe said the fund provides “the dedicated resources to find and attract companies with diverse founders, talent and ideas.”
“We are eager to establish the Future Fund by building its portfolio with companies that can provide global impact, scale rapidly and enhance Connecticut’s reputation as a leading tech hub.”
Alison Malloy, managing director of investments at Connecticut Innovations, said the fund will provide capital and strategic support.
“This capital will help companies with high growth potential to scale faster and support the growth of early-stage companies in our ecosystem,” she said.
“We are looking to invest in companies that have the potential for high impact in the future and recognize the importance of prioritizing underrepresented teams.”
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