Connecticut Innovations Makes $500,000 Follow-on Investment in Innovatient Solutions Inc.
Rocky Hill, Conn., April 16, 2012 – Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based innovation and economic development, today announced that it has made a follow-on investment of $500,000 in Innovatient Solutions Inc. (Innovatient) of Farmington, Conn., through its Seed Investment Fund. This investment is part of a Series A extension round of $2 million, led by CI and involving company founders and angel investors. In 2011, CI made its first investment of $500,000 in Innovatient under the first part of the Series A round.
Innovatient is developing a patient-centered information system aimed at improving communications between hospital care providers and patients in order to enhance clinical outcomes and patient satisfaction.
“It is highly encouraging that Innovatient’s tool addresses a sizeable and growing market that is being favorably affected by federal mandates on healthcare institutions,” said Claire Leonardi, chief executive officer and executive director of CI. “Our continued support of Innovatient will enable the company to address a portion of this market while supporting Governor Malloy’s goal of promoting innovation in the state.”……………….
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