52 HARTFORDBUSINESS.COM | 2023 BOOK OF LISTS
I N N O VAT I O N
LARGEST CONNECTICUT INNOVATIONS AID RECIPIENTS
Ranked by amount of funding, then amount leveraged in FY 2022
Largest Connecticut Innovations aid recipients
Ranked by amount of funding, then amount leveraged in FY 2022
Recipient Type of business Amount funded Amount leveraged (1)
Type of funding/
fund 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 $4,100,000
Debt
Direct loan
Adam Schwartz
Co-president
2
Inc.
2 Trap Falls Road, Suite 500
Shelton, CT 06484
855-917-0785; .com
Clean technology $3,600,000 $22,400,000
Equity
Eli Whitney
Albert Subbloie
Founder & CEO
3
VeraDermics
85 Memorial Road
West Hartford, CT 06107
847-641-0412; vereadermics.com
Healthcare $2,000,000 $18,700,000
Equity
CBIF
Tim Durso
President & CEO
4
Torigen Pharmaceuticals
400 Farmington Ave.
Farmington, CT 06032
860-519-9956; torigen.com
Bioscience $1,600,000 $8,500,000
Equity
CBIF
Ashley Kalinauskas
CEO
5
Holisto LTD
6 Landmark Square, 4th Floor
Stamford, CT 06901
888-631-2106; splittytravel.com
Technology $1,500,000 $3,500,000
SAFE note
Eli Whitney
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 $39,600,000
Equity
CBIF
Tim Shannon
Interim CEO
7
Nuka Enterprises LLC
470 James St., Suite 8
New Haven, CT 06513
1906newhighs.com
Consumer $1,250,000 $4,750,000
Equity
Eli Whitney
Peter Barsoom
Founder & CEO
8
Fintron Inc.
201 Broad St.
Stamford, CT 06901
203-557-4458; oninvest.com
Technology $1,200,000 $4,500,000
Equity
Eli Whitney
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 $4,000,000
Equity
CBIF
Neil Shah
CEO
10
Siduma Therapeutics Inc.
286 Livingston St.
New Haven, CT 06511
sidumathera.com
Healthcare $1,000,000 $30,200,000
Equity
CBIF
Rebecca Velez Frey
CEO
11
Intellihealth Inc.
69 Grove St., 2nd Floor
New Canaan, CT 06840
intellihealth.co
Healthcare $1,000,000 $7,400,000
Equity
CBIF
Sloan Saunders
Co-founder & CEO
12
CopyLeaks Technologies LTF
700 Canal St.
Stamford, CT 06902
855-633-9355; copyleaks.com
Technology $1,000,000 $5,000,000
Equity
Eli Whitney
Alon Yamin
Co-founder & CEO
13
CytoVeris
400 Farmington Ave.
Farmington, CT 06032
860-657-6947; cytoveris.com
Healthcare $1,000,000 $4,300,000
Convertible debt
CBIF
Alan Kersey
CEO
14
Surface Travel Inc.
700 Canal St., 1st Floor
Stamford, CT 08902
888-970-4664; curacity.com
Technology $1,000,000 $2,200,000
Equity
Eli Whitney
Mike Keriakos
Co-founder & CEO
15
Intelliboard
20 Aspetuck Lane
Monroe, CT 06468
866-897-3767; intelliboard.net
Technology $1,000,000 $1,000,000
Equity
Eli Whitney
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
