20 n e w h a v e n B I Z
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D e c e m b e r 2 0 2 2
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n e w h a v e n b i z . c o m
L i s t
Largest Connecticut Innovations aid recipients
Ranked by amount of funding, then amount leveraged in FY 2022
Recipient Type of business Amount funded
Type of funding/
Fund Amount leveraged (1) Top executive
1
S&S Worldwide
75 Mill St.
Colchester, CT 06415
800-288-9941; ssww.com
Family-owned manufacturer of toys
and educational supplies
$6,000,000
Debt
Direct loan
$4,100,000
Adam Schwartz
Co-president
2
Budderfly Inc.
2 Trap Falls Road, Suite 500
Shelton, CT 06484
855-917-0785; budderfly.com
Clean technology $3,600,000
Equity
Eli Whitney
$22,400,000
Albert Subbloie
Founder & CEO
3
VeraDermics
85 Memorial Road
West Hartford, CT 06107
847-641-0412; vereadermics.com
Healthcare $2,000,000
Equity
CBIF
$18,700,000
Tim Durso
President & CEO
4
Torigen Pharmaceuticals
400 Farmington Ave.
Farmington, CT 06032
860-519-9956; torigen.com
Bioscience $1,600,000
Equity
CBIF
$8,500,000
Ashley Kalinauskas
CEO
5
Holisto LTD
6 Landmark Square, 4th Floor
Stamford, CT 06901
888-631-2106; splittytravel.com
Technology $1,500,000
SAFE note
Eli Whitney
$3,500,000
Eran Shust
Co-founder & CEO
6
Halda Therapeutics
115 Munson St.
New Haven, CT 06511
475-210-0212; bioct.org/member/
halda-therapeutics
Healthcare $1,400,000
Equity
CBIF
$39,600,000
Tim Shannon
Interim CEO
7
Nuka Enterprises LLC
470 James St., Suite 8
New Haven, CT 06513
1906newhighs.com
Consumer $1,250,000
Equity
Eli Whitney
$4,750,000
Peter Barsoom
Founder & CEO
8
Fintron Inc.
201 Broad St.
Stamford, CT 06901
203-557-4458; fintroninvest.com
Technology $1,200,000
Equity
Eli Whitney
$4,500,000
Wilder Rumpf
Founder & CEO
9
Avitus Orthopaedics Inc.
6 Armstrong Road, 2nd Floor
Shelton, CT 06484
860-404-6476; avitusortho.com
Healthcare $1,200,000
Equity
CBIF
$4,000,000
Neil Shah
CEO
10
Siduma Therapeutics Inc.
286 Livingston St.
New Haven, CT 06511
sidumathera.com
Healthcare $1,000,000
Equity
CBIF
$30,200,000
Rebecca Velez Frey
CEO
11
Intellihealth Inc.
69 Grove St., 2nd Floor
New Canaan, CT 06840
intellihealth.co
Healthcare $1,000,000
Equity
CBIF
$7,400,000
Sloan Saunders
Co-founder & CEO
12
CopyLeaks Technologies LTF
700 Canal St.
Stamford, CT 06902
855-633-9355; copyleaks.com
Technology $1,000,000
Equity
Eli Whitney
$5,000,000
Alon Yamin
Co-founder & CEO
13
CytoVeris
400 Farmington Ave.
Farmington, CT 06032
860-657-6947; cytoveris.com
Healthcare $1,000,000
Convertible debt
CBIF
$4,300,000
Alan Kersey
CEO
14
Surface Travel Inc.
700 Canal St., 1st Floor
Stamford, CT 08902
888-970-4664; curacity.com
Technology $1,000,000
Equity
Eli Whitney
$2,200,000
Mike Keriakos
Co-founder & CEO
15
Intelliboard
20 Aspetuck Lane
Monroe, CT 06468
866-897-3767; intelliboard.net
Technology $1,000,000
Equity
Eli Whitney
$1,000,000
Anatoliy Kochev
Founder & CEO
Source: CT Innovations and company websites
Note: N/A = Not available; CBIF = Connecticut Bioscience Innovation Fund.
(1) Represents amount company was able to secure via other sources such as bank lenders or venture capital investors.
-Compiled by Stephanie R. Meagher
