DECEMBER 24, 2018 • HARTFORD BUSINESS JOURNAL | 27
BANKING & FINANCE
MEMBER FDIC
EQUAL HOUSING LENDER
Find your
[
Done Deals
]
place.
860-638-2958 liberty-bank.com
$5,250,000
Line, term and mortgage
financing for a manufacturer in
Branford, CT
$1,000,000
Mortgage financing for the
purchase of an
auto body repair shop in
Middletown, CT
$2,000,000
Two SBA term loans to
acquire liquor stores in
Westport and West Haven, CT
$12,500,000
Purchase of 216 units of
affordable housing in
Hartford, CT
and Springfield, MA
LARGEST CONNECTICUT INNOVATIONS AID RECIPIENTS
(Ranked by amount of funding, FY 2018, then number of jobs created)
Largest Connecticut Innovations aid recipients
(Ranked by amount of funding, FY 2018, then number of jobs created)
Number of full-time jobs
Rank Recipient
Amount
funded
Type of funding/
Fund
Amount
leveraged retained created Type of business
Top executive/
Title
1
DiA Imaging Analysis Inc.
77 HaEnergia St.
Be'er Sheva, Israel
972-777648318; www.dia-analysis.com
$1,500,000
Equity
CBIF
$3,000,000 0.0 1.0 Digital health
Hila Goldman-Aslan
CEO
2
GreenWorks Lending
28 Thorndal Circle
Darien, CT 06820
203-883-6116; www.greenworkslending.com
$1,500,000
Debt
Venture mezzanine
$4,500,000 8.5 0.0 Information technology
Jessica Bailey
CEO & co-founder
2
MinInvasive Inc.
195 Church St., Suite 1700
New Haven, CT 06510
908-324-8448; www.mininvasive.com
$1,500,000
Equity
CBIF
$4,500,000 0.0 0.0 Medical device
Ronen Raz
CEO
4
Convexity Scientific Inc.
418 Meadow St.
Fairfield, CT 06824
203-557-6254; convexityscientific.com
$1,274,400
Equity
CBIF
$2,225,000 0.0 7.5 Medical device
James Daniels
CEO
5
Bioarray Genetics Inc.
400 Farmington Ave.
Farmington, CT 06032
860-679-2869; bioarray.us
$1,010,932
Equity
CBIF
$3,000,000 0.0 4.0 Diagnostics
Marcia Fournier
CEO & founder
6
3GTMS Inc.
4 Armstrong Road, Suite 210
Shelton, CT 06484
203-567-4610; www.3gtms.com
$1,000,000
Debt
Venture mezzanine
$0 18.0 6.0 Information technology
Mitch Weseley
CEO & founder
7
Foresite MSP LLC
1 Hartfield Blvd., Suite 300
East Windsor, CT 06088
800-940-4699; foresite.com
$1,000,000
Debt
Venture mezzanine
$0 8.0 4.0 Information technology
Robin Mayo
CEO
8
Landsdowne Labs
845 Canal St., Suite 49
Stamford, CT 06902
201-370-7591; landsdownelabs.com
$1,000,000
Equity
CBIF
$1,600,000 0.0 3.5
Bioscience and
advanced materials
Melissa Fensterstock
President & CEO
9
Azitra Inc.
400 Farmington Ave.
Farmington, CT 06032
860-679-4292; azitrainc.com
$1,000,000
Convertible debt
CBIF
$1,150,000 6.5 0.0 Biologics and microbiome
Richard Andrews
President & CEO
9
Dream Payments (U.S.A.) Inc.
171 East Liberty St., Unit 253
Toronto, ON Canada M6K 3P6
416-588-7999; dreampayments.ca
$1,000,000
Convertible debt
Eli Whitney
$1,562,500 1.0 0.0 Information technology
Brent Ho-Young
CEO
Sources: CT Innovations, company websites and press releases.
Notes: Jobs retained and created may be attributable to more than one instance of aid received in the same year. Amount leveraged represents the amount the company was able to secure via other sources such as bank lenders or venture capital
investors. NA= Not available; CBIF = Connecticut Bioscience Innovation Fund.
—Compiled by Heide Martin.
