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HARTFORDBUSINESS.COM | APRIL 17, 2023 53 THE LISTS Venture capital deals in Greater Hartford Ranked by transaction amount, then latest transactions ((11)) Company Industry/ products and services Funding amount/ type/ transaction date Investors Head of company 1 Industrial Air Flow Dynamics Inc. (I.A.F.D.) Glastonbury iafdinc.com Energy and manufacturing Fabric expansion joint systems for power industry $88,379,720 Private equity Aug. 2022 Incline Equity Partners Ryan Sachetti President & CEO 2 Covr Financial Technologies Hartford covrtech.com Financial services Multi-carrier, digital life insurance platform $15,000,000 Series B April 2022 Stone Point Capital, Allianz Life Ventures, Connecticut Innovations, Commerce Ventures, Fairview Capital Partners, Sony Innovation Fund, Contour Venture Partners, Tribeca Early Stage Partners, Aflac Global Ventures Michael Kalen CEO 3 Torigen Pharmaceuticals Farmington torigen.com Biotechnology Cancer care solutions for animals $13,000,000 Series A Nov. 2022 Werth Family Investment Associates, Connecticut Innovations, SoGal Ventures, Kema Fund, Gaingels, Ironwood Capital, Emerald Development Managers, Advantage Capital, Uconn Innovation Fund, University of Notre Dame Ashley Kalinauskas Co-founder & CEO 4 Community Heritage Financial Middletown communityheritageinc.com Financial services Banking $11,400,000 Post-IPO equity Sept. 2022 Undisclosed Robert Goetz President & CEO 5 FreshBev Wallingford drinkripe.com Food and beverage Cold-pressed juice $5,000,000 Venture - series unknown April 2022 Undisclosed Michel Boissy Founder 6 Nest Collaborative Farmington nestcollaborative.com Health-care consulting Telehealth solution $4,263,376 Seed March 2022 Altitude Ventures, Portfolia, Connecticut Innovations, Hustle Fund, Camrite Ventures, Bread and Butter Ventures, Wavemaker 360, Judith Nowlin CEO 7 Impossible Kicks West Hartford impossiblekicks.com Retail and technology Re-sale platform for sneakers and high-end streetwear $3,000,000 Series A Sept. 2022 Undisclosed John Mocadlo CEO 8 Scalable Robotics Ellington scalablerobotics.ai Technology Robotics and artificial intelligence $2,499,998 Venture - series unknown Oct. 2022 Undisclosed Tom Fuhlbrigge Co-founder & CEO 9 Thrombolex New Britain thrombolex.com Manufacturing Endovascular catheters $2,015,761 Venture - series unknown Aug. 2022 Undisclosed Marvin Woodall CEO 10 DIANT Pharma Storrs diantpharma.com Biotechnology Continuous processing technology for nanoparticle drug products and vaccines $1,396,321 Venture - series unknown Sept. 2022 Undisclosed Antonio Costa Founder 11 Integrated Physician Management Services East Hartford ipmscorp.com Health care Outsourced business services for physicians $1,041,600 Venture - series unknown Jan. 2023 Undisclosed Elizabeth Dickman CEO 12 My First Five Years Manchester mffy.com Software Personalized child development tracker $963,733 Seed March 2023 Greater Manchester Combined Authority Alistair Bryce-Clegg Co-founder 13 3BC Storrs three-bc.com Cannabis High-purity, solvent-less CBN and non-GMO $374,526 Seed April 2022 Undisclosed Brian Thompson Co-founder & CEO 14 Oakridge Dairy Ellington oakridgedairy.com Agriculture Dairy farming $177,499 Seed May 2022 Undisclosed Seth Bahler Founder & CEO 15 SPOKK Hartford spokk.com Financial services Microinsurance for digital natives $25,000 Pre-seed March 2022 Ukrainian Startup Fund, Geek Ventures, SID Venture Partners Alexandra Gladyshevskaya Co-founder & CEO 16 Smart Seal Hartford smartseal.io Information technology Blockchain solutions for physical products $4,500 Seed Nov. 2022 Undisclosed Mark Shekleton Founder & CEO 17 Clearly Clean Products South Windsor clearlyclean.com Manufacturing Packaging solutions N/A Private equity March 2023 Blue Sage Capital, Insight Equity Jim Rose Plant manager 18 RIGImmune Farmington rigimmune.com Biotechnology Stem-loop RNA therapeutics N/A Undisclosed Sept. 2022 F-Prime Capital Susan Sobolov President 19 Consent Kit Manchester consentkit.com Professional services Market research customer relationship manager (CRM) N/A Pre-seed June 2022 TinySeed Phil Hesketh Founder 20 Choice Merchant Solutions Hartford choice.xyz Financial services Merchant processing and funding solutions N/A Private equity April 2022 Nexa Equity John Golino CEO 21 Bastion Health Farmington getbastion.com Software Digital health platform for prostate and reproductive health N/A Seed Feb. 2022 Werth Family Investment Associates, MassChallenge, Plug and Play Reza Amin Founder & CEO Source: Crunchbase and company websites and press releases. Note: N/A = Not available. (1) Deals completed from Jan. 1, 2022 to April 5, 2023 were considered for this list. -Compiled by Stephanie R. Meagher, research@nebusinessmedia.com VENTURE CAPITAL DEALS IN GREATER HARTFORD Ranked by transaction amount, then latest transactions (1)