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January 27, 2023

CT Innovations launches $50M fund to invest in diverse companies

Matthew McCooe, CEO of Connecticut Innovations
By Andrew Larson

Connecticut Innovations, the state’s quasi-public venture capital arm, has launched a $50-million fund to support diverse companies with growth potential.

The Future Fund is “committed to investing in early-stage companies, with an emphasis on underrepresented founders,” Connecticut Innovations said in an announcement Thursday.

The Future Fund will provide investments ranging from $250,000 to $1.5 million and will introduce early-stage companies to a network of investors.

The fund will give priority to “disruptive startups in the largest and growing markets.”

Connecticut Innovations will host a launch event this spring. For more information, visit https://ctinnovations.com/future-fund/.

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