20 HARTFORDBUSINESS.COM | MARCH 10, 2025
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
Rallybio
Farmington
rallybio.com
Biotechnology
Pharmaceutical research & development
$6,600,000
Post-IPO equity
April 2024
Johnson & Johnson Innovation
Steve Uden
Co-founder & CEO
2
Thrombolex
New Britain
thrombolex.com
Manufacturing
Endovascular catheters
$4,839,829
Venture - series
unknown
May 2024
Undisclosed
Marvin Woodall
CEO
3
Aware Recovery Care
Wallingford
awarerecoverycare.com
Health Care
In-home addiction treatment
$3,500,000
Venture - series
unknown
July 2024
Connecticut Innovations
Brian Holzer
CEO
4
Intus Biosciences
Farmington
intusbio.com
Biotechnology
Microbiome diagnostics
$2,000,000
Venture - series
unknown
July 2024
Undisclosed
Paul Denslow
CEO
5
Encapsulate
Farmington
encapsulate.bio
Health Care
Cancer treatments
$1,800,000
Seed
June 2024
Ambit Health Ventures, Blackwood Healthcare
Breakthroughs, Connecticut Innovations
Armin Rad
Co-founder & CEO
6
Integrated Physician Management Services
East Hartford
ipmscorp.com
Health Care
Outsourced business services for independent,
group and hospital-based physicians
$1,263,750
Venture - series
unknown
Jan. 2024
Undisclosed
Liz Dickman
CEO
7
Oakridge Dairy
Ellington
oakridgedairy.com
Agriculture
Dairy farming
$1,060,000
Undisclosed
May 2024
Undisclosed
Seth Bahler
Founder & CEO
8
Impossible Kicks
West Hartford
impossiblekicks.com
Retail
Apparel re-sale platform
$695,000
Venture - series
unknown
June 2024
Undisclosed
John Mocadlo
CEO
9
Cornovus Pharmaceuticals
Farmington
N/A
Biotechnology
Heart attack drug used to treat cardiac
hypertrophy and heart failure
$500,000
Venture - series
unknown
Jan. 2024
Undisclosed
Robert Mark Van Allen
CEO
10
Single Time Microneedles
Farmington
N/A
Biotechnology
Biomedical device, vaccine delivery,
microneedle vaccine time-release delivery
$350,000
Seed
Jan. 2024
Undisclosed
Jasdeep Singh
CEO
11
Bloomfield Ambulatory Surgery Center
Bloomfield
bloomfieldasc.com
Health Care
Medical procedures
$98,330
Venture - series
unknown
March 2024
Undisclosed
Carissa J. Beaulieu
CEO
12
Stronvar Aerospace
South Windsor
stronvaraerospace.com
Aerospace and manufacturing
Fabricated assemblies, process technology,
complex machining
N/A
Private equity
Feb. 2025
Blackstone Group
Craig Gallagher
CEO
13
Lambda Vision
Farmington
lambdavision.com
Biotechnology
Artificial retina studies
N/A
Seed
May 2024
Aurelia Foundry Fund, Boryung, E2MC Ventures
Nicole L. Wagner
President & CEO
14
Bunsen Health Inc.
Hartford
bunsenhealth.com
Health Care
Data transformation platform
N/A
Pre-seed
Feb. 2024
Undisclosed
Ben Kellogg
Co-founder & CEO
Source: Crunchbase and company websites and press releases. Note: N/A = Not available.
(1) Deals completed from Jan. 1, 2024 to Feb. 27, 2025 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)
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