Member News

Feb 2, 2012
3 min

MyCare Inc. Secures $500,000 Seed Investment from Connecticut Innovations

SAMI™ software helps hospitals improve healthcare information access and reporting Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based economic development, today announced that it has made an investment of $500,000 in Westport-based MyCare Inc. through its Seed Investment Fund. This investment is part of a $1 million round of funding, also involving Intersection Health Partners. MyCare is a healthcare information technology compa

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EpiEP Inc. Receives $1 Million Follow-on Investment from Connecticut Innovations

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Feb 1, 2012
2 min

EpiEP Inc. Receives $1 Million Follow-on Investment from Connecticut Innovations

Medical device company advances novel cardiac surgical tool, initiates first-in-man trials Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based economic development, today announced that it has made a follow-on investment of $1 million in EpiEP Inc. (EpiEP) through its Eli Whitney Fund. This investment is part of a $1.6 million round of funding, also involving LaunchCapital and individual investors. This is CI’s second investment i

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Jan 25, 2012
3 min

Norwalk’s XLerant Closes $3 Million in Series B Financing; Investors Include Connecticut Innov

Leader in budget preparation software to expand North American presence. XLerant, Inc., a provider of budget preparation software for mid-sized and large organizations, today announced the close of a $3 million Series B round of financing. Chrysalis Ventures led the round alongside existing investors, including Connecticut Innovations. In conjunction with the financing, Chrysalis Principal Wright Steenrod will join XLerant’s board of directors. The investment will be used for

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Jan 9, 2012
2 min

New $1.6M Funding Round for New Haven’s EpiEP

EpiEP was one of our 2011 CT Tech Companies to Watch EpiEP Inc., a Connecticut medical devices startup, has landed $1.6 million in a new funding round that has a planned top end of $2.25 million, according to a federal regulatory filing. The New Haven company raised the money through a combination of equity, debt and options or warrants for equity, according to the document filed with the U.S. Securities and Exchange Commission. In total, nine investors participated in the ne

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RemoteReality Corporation Lands $1 Million investment as part of Series C Funding, Relocates to Conn

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Dec 27, 2011
3 min

RemoteReality Corporation Lands $1 Million investment as part of Series C Funding, Relocates to Conn

Advanced 360-degree camera systems enhance awareness in military applications Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based economic development, today announced that it has made an investment of $1 million in RemoteReality Corporation (RemoteReality) through its Eli Whitney Fund. This investment is part of a recent Series C round of funding, also involving Chart Venture Partners, Kuwait Holdings and an individual investor.

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MedAdherence, LLC of Norwalk Receives $150k in Pre-Seed Financing

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Dec 13, 2011
3 min

MedAdherence, LLC of Norwalk Receives $150k in Pre-Seed Financing

Automated system enables doctors to monitor patient adherence to care plans remotely and intervene via cell phones, the Internet Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based economic development, today announced that it has committed $150,000 in financing to healthcare information technology company MedAdherence LLC of Norwalk, Conn., through its Pre-Seed Fund. MedAdherence will use the financing to continue development of

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Queralt, Inc. Receives $150k in Pre-Seed Financing

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Dec 1, 2011
3 min

Queralt, Inc. Receives $150k in Pre-Seed Financing

Software developer offers application for real-time monitoring of physical assets and people Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based economic development, today announced that it has committed $150,000 in financing to Queralt Inc. of North Haven, Conn., through its Pre-Seed Fund. Queralt will use the financing to hire key employees as well as secure assistance in developing certain business and technology strategies. T

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Nov 30, 2011
1 min

About “crowdfunding” legislation – The Democratizing Access to Capital Act: Creating A Nation of Ven

Crowdfunding "would allow small companies to offer shares of stock directly to ordinary investors through established and vetted peer-to-peer platforms. “Crowdfunding” is just a new term for an old idea: offering small-dollar investors the chance to invest in new ideas." Great article in Wired by Sen. Scott Brown: http://www.wired.com/epicenter/2011/11/scott-brown-next-steve-jobs/all/1 #Crowdfunding #financing #investing

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Umbie Health Corporation Receives $150k in Pre-Seed Financing

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Nov 17, 2011
3 min

Umbie Health Corporation Receives $150k in Pre-Seed Financing

Dentists to benefit from company’s mobile and Web-based practice management application Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based economic development, today announced that it has committed $150,000 in financing to Umbie Health Corporation (Umbie Health) of East Hartford, Conn., through its Pre-Seed Fund. The financing will be used for technology development, beta testing, business development, marketing and other expens

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Canton-based iDevices LLC Receives $150,000 in Pre-Seed Financing

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Oct 28, 2011
3 min

Canton-based iDevices LLC Receives $150,000 in Pre-Seed Financing

Company offers first grilling/cooking thermometer application for Apple products Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology investing and innovation development, today announced that it has committed $150,000 in financing to iDevices LLC, located in Canton, Conn., through its Pre-Seed Fund. The company has secured matching funds, as required under the program, from several investors. iDevices CEO Chris Allen said, “iDevices is

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