As a follow-up to my post regarding the need for seed capital in the area, it was nice to read at xconomy.com – Boston that there has been a “definite uptick in interest in early-stage investments” in the Connecticut/Massachusetts area during recent months.
LaunchCapital, which provides seed-stage capital for tech start-ups, and has offices in New Haven, CT (in addition to Cambridge, MA and San Francisco), announced investments in six start-ups, three of which were located in Connecticut:
- Cardiophotonics (New Haven, CT), which “builds revolutionary non-invasive blood monitors used to detect dehydration and cardiac arrhythmia”
- FMP Products (Greenwich, CT), which “creates laboratory automation equipment and software to help improve the productivity of researchers”
- Helix (Guilford, CT), which “develops DNA therapeutics that will cause a paradigm shift in the way that common genetic diseases are treated”
LaunchCapital’s activity in Connecticut is definitely a step in the right direction, and an encouraging sign for start-up tech companies in the state as it “is committed to providing the capital needed for businesses in the initial stages of development, and seeks to quickly fund companies and concepts that would typically tap personal networks for their seed financing needs”.
- Gregg J. Lallier
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