Connecticut Innovations

#ICYMI BIG Portfolio Company News‼️📣 Earlier this week, CI portfolio company Halda Therapeutics announced its acquisition by Johnson & Johnson for approximately $3.05 billion in cash at closing. 💰 “Through this transaction, we will continue to rapidly develop this promising program for patients with prostate cancer and advance Halda’s innovative pipeline from its RIPTAC™ platform to address a range of diseases,” said Christian Schade, president and CEO of Halda. “This announcement is a tribute to the years of scientific effort to develop this novel, first-in-class modality and deliver significant value to our shareholders.” Check out our full newsletter feature here: https://lnkd.in/eWgCcnzX To stay updated on more CI portfolio company news, join our distribution list here: https://lnkd.in/ehyyA2cT

If you’re looking for a place where innovation thrives and talent runs deep, look no further than Connecticut. From world-class education to booming startup activity, Connecticut is proving every day why it’s one of the best places to build a life and a business. 🏛️ A Hub for Globally Recognized Higher Education Connecticut’s colleges and universities don’t just educate; they fuel our economy and communities. ☑️ Connecticut State Colleges & Universities (CSCU) spans six institutions and 16 campuses, educating about 85,000 students and keeping more than 80% of its graduates working right here in Connecticut. ☑️ University of Connecticut generates an astounding $8.5B in annual economic impact and attracts 25,000+ undergraduates, bringing energy and talent into our ecosystem. ☑️ Yale University continues to set national precedents, including a historic $135M voluntary investment in New Haven to drive inclusive growth and long-term economic development. 🚀 A National Leader in Startup Success Entrepreneurs here benefit from one of the strongest business environments in the country. ☑️ Connecticut ranks #2 in the nation for five-year business survival rates, with 57.5% of businesses launched in 2019 still thriving today. ☑️ That’s far above the U.S. average of 51.6%, showing the strength of our entrepreneurial support system, talent pipeline and business-friendly environment. 💻 Tech Innovation Is Accelerating Connecticut’s tech landscape is undergoing remarkable growth. ☑️ Between 2019 and 2024, the number of software, data and digital services companies grew 81%, a sign that big ideas are taking root here. ☑️ From AI to advanced manufacturing, Connecticut is becoming a destination for digital transformation. 👩💻 A Top State for Tech Talent Talent is our greatest asset — and the numbers prove it. ☑️ Connecticut’s tech productivity is 23% above the national average. ☑️ Wages remain competitive, especially compared to neighboring states. ☑️ Since 2020, tech employment has grown 12%, led by surging demand for software developers and systems managers. Whether you’re launching a startup, growing a team, or seeking a place where career and lifestyle align, Connecticut delivers.

Big news for Connecticut’s biotech ecosystem. 📰 Halda Therapeutics, a CI portfolio company, has been acquired by Johnson & Johnson in a landmark $3.05B deal. 💰 A huge congratulations to the Halda team on this extraordinary milestone. We’re proud to support founders turning breakthrough science into global impact. 🌎

Join leaders from Tidal River Women's Investor Group on Thursday, January 22, for Investing Beyond the Traditional: Empowering Women in Alternatives — a one-day event bringing together 100+ women investors to build community, expand access, and invest with purpose. ⏰ Don’t wait! Early-bird pricing ends on Monday, November 17. ➡️ Learn more and register here: https://lnkd.in/efjgNv99 From inspiring keynotes and fireside chats to dynamic panels and pitches, the agenda is action-packed. Don’t miss Alison J. Malloy, managing director of investments at CI, as she shares candid insights on investment successes, common pitfalls, and lessons learned along the way. #WomenInBusiness #Investing #Innovation #Leadership #AngelInvesting #TidalRiver #Empower

From celebrating sustainable energy advancements with Budderfly and The Gilman Brothers Company, to recognizing Acadian Ventures as one of TIME’s top U.S. venture firms — there’s no shortage of momentum in Connecticut’s innovation ecosystem. 📈 Plus, get a look inside CI’s recent Tour de Connecticut, portfolio spotlights on Kibu and P2 Science, Inc., and our quarterly investment update. 💰 Check out CI's full newsletter here: https://lnkd.in/eMrDTmCJ Don’t miss the stories fueling Connecticut’s future — subscribe to our newsletter for more updates like these: https://lnkd.in/ehyyA2cT ☑️

Connecticut Innovations Invests in Previsico’s Series A Round 💰 CI is excited to announce its investment in Previsico’s Series A, rounding out the financing led by Burnt Island Ventures with participation from BlueOrchard Finance Ltd. Previsico, a UK-based company, marks Connecticut Innovations’ ClimateTech Fund’s first European investment. Previsico’s core technology leverages proprietary hydrodynamic models and an early warning system to predict, monitor, and support response efforts during flooding events. As the company expands into the U.S., it has selected Connecticut as its entry point for its go-to-market strategy. Top 3️⃣ Reasons We Invested A Critical Solution for a Pressing Global Need Previsico has developed a flood prediction and management product that the market urgently needs. Its technology is already being adopted by a diverse range of customers across the insurance, utilities, infrastructure, real estate, engineering, and construction sectors—demonstrating strong demand for actionable, real-time flood intelligence. Previsico empowers organizations to proactively manage flood risk and protect their assets and operations. A Massive Market Opportunity As flood-related catastrophes become more frequent and severe in the U.S., the need for resilience and asset protection has never been clearer. For customers priced out of traditional insurance coverage, Previsico provides a cost-effective pathway to reduce flood exposure and enhance preparedness—addressing a critical gap in the market. An Exceptional Leadership Team Previsico is led by Jonathan Jackson, Dapeng Yu, and Craig Deacon, a seasoned team with proven track records in technology, research, and business leadership. Their Board of Directors includes respected industry figures and leading investment partners, positioning the company for strategic growth and global impact. We’re thrilled to support the Previsico team as they scale globally and unlock new markets in the Northeast U.S. and beyond. 🌎 https://lnkd.in/etGD_-_j

🚀 Why We Invested in Yuma Asset Management and Bexorg, Inc. At Connecticut Innovations, we’re backing opportunities pushing the frontiers of AI, neuroscience, and next-gen computing through our new AI/Q Fund. https://lnkd.in/egBJ-DhT   Two of our latest investments—Yuma and Bexorg—show what that future looks like.   🧠 Yuma is bringing institutional access to decentralized AI. By connecting traditional capital with Bittensor’s open-source AI network, Yuma is helping investors participate in the emerging deAI economy—a powerful new model for building and owning intelligence.   🧬 Bexorg is where AI meets whole-brain neuroscience. Its BrainEx platform revives molecular activity in postmortem human and pig brains, giving AI models an unprecedented window into brain function—and opening new paths to treat diseases like Parkinson’s.   Both investments are bold, science-driven, and exactly the kind of opportunities our AI/Q Fund was built to support. Read full story here: https://lnkd.in/egwEGNcg   We’re proud to partner with them as they shape the next wave of innovation. 🔗 Learn more about the AI/Q Fund (and the talent we’re looking to bring on!): https://lnkd.in/d-VYyBVk   #AI #Neuroscience #VentureCapital #FrontierTech #Yuma #Bexorg #ConnecticutInnovations Matthew McCooe

Interested in joining CT's vibrant Innovation Ecosystem?? Please consider joining Connecticut Innovations Talent Network!! Our Talent Network connects talent to high-growth, early-stage companies. Join our Talent Network at https://lnkd.in/eBRuR3Cg.

Three years. Two wheels. One state. Endless memories. Tour de Connecticut wrapped… for now! 🎬 Matthew McCooe Michael Cantor Shari Cantor Lauren Carmody Emma Twohill Alison J. Malloy Douglas Roth Casey R. Pickett Gariy Ocheretner Oihana Elizalde Patrick Foley Daniel Caridi Ben Langley Enko®P2 Science, Inc. Kibu Karin Whiting Burgess HealthyBaby Paul Tyler David Wurzer GoodSAM, PBC Hally Hair Kathryn Winokur University of Connecticut Radenka Maric Michael Duda Hartford Yard Goats Baseball #tourdect 🚲 https://lnkd.in/enZ-qkJV

100K strong—and just getting started. 🚀 We’re thrilled to celebrate 100,000+ connections on LinkedIn. Thank you to our incredible community of innovators, founders, and partners who make this journey possible.