Connecticut Innovations (CI), the state’s strategic venture capital arm, announced that it invested approximately $11.3 million across 25 companies and venture funds during the first quarter of its 2026 fiscal year, which ended on September 30, 2025. The investments leveraged $86.9 million in outside capital and generated $7 million in proceeds over the same period.
The investments spanned multiple sectors, including healthcare, climate technology, consumer, and technology. Healthcare companies represented more than half of the total investment amount, receiving $6.9 million. Climate tech companies received about $1.5 million, while $2.2 million was allocated to venture funds.
A significant focus this quarter was the continued expansion of CI’s efforts in artificial intelligence. The organization recently launched its new $50 million AI/Q Fund, dedicated to advancing AI technologies across industries. Among the companies supported through the fund is Bexorg, a healthcare innovator that utilizes AI in combination with a whole-brain perfusion platform to accelerate breakthroughs in brain health.
CI’s strong first-quarter performance highlights the robust demand for capital among Connecticut’s growing startups, particularly in sectors like healthcare, climate innovation, and AI-driven technologies. The organization continues to play a vital role in fueling early-stage growth and strengthening Connecticut’s innovation ecosystem through both equity and debt financing, as well as strategic guidance and partnerships.
KEY QUOTES:
“With the launch of our new $50 million AI/Q Fund, CI is doubling down on the technologies shaping the future. Bexorg, one of our largest healthcare investments this quarter and a new addition to the AI/Q Fund, shows how AI can drive real-world change in biosciences by combining artificial intelligence with a whole-human brain perfusion platform to accelerate breakthroughs in brain health.”
Matt Storeygard, Senior Managing Director of Investments, Connecticut Innovations
“CI began the new fiscal year with steady deal activity and strong participation across key sectors like healthcare, climate tech and AI. It’s a promising start to the year and reflects the continued demand for capital among Connecticut’s growing companies.”
Peter Longo, Senior Managing Director of Investments, Connecticut Innovations
