2 HARTFORDBUSINESS.COM | NOVEMBER 17, 2025
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CT biotech LambdaVision raises $7M to
advance space-made artificial retina
CT law firm Shipman &
Goodwin opens Boston
office, adds 17 attorneys
Hartford-based Shipman & Goodwin
LLP is opening a Boston office by
adding 17 attorneys and 15 profes-
sional staff from Tarlow Breed Hart
& Rodgers, expanding its footprint
into Massachusetts.
The new office is located at 101
Huntington Ave., in the Prudential Center.
Shipman, Connecticut's largest law
firm with 141 in-state attorneys, will now
exceed 160 lawyers overall. Managing
Partner Leander Dolphin said the move
strengthens the firm's key practice areas
and regional presence.
Shipman also maintains offices in
Greenwich, Lakeville, New Haven, Old
Lyme, Stamford and New York City.
Shipman & Goodwin Managing Partner
Leander Dolphin. HBJ File Photo
Nicole Wagner is the CEO of LambdaVision. HBJ Photo | Steve Laschever
The Hartford is a major insurer in the Capital City. Photo | CoStar
Report: CT remains insurance leader
but faces rising Midwest competition
C
onnecticut remains a national
leader in insurance and
financial services, but faces
growing competition from lower-cost
Midwestern states, according to a new
report from The New England Council.
The study found that nearly 56,000
Connecticut residents work in
insurance — more than in banking
and asset management combined
— and that the broader financial
sector supports about 238,000 jobs,
or 13% of statewide employment.
The industry generated $37.6 billion
in wages and $127.6 billion in total
output in 2024.
While Connecticut still leads the
nation in insurance employment as a
share of total jobs (2.2%), its overall
share of national insurance activity
has slipped as states such as Iowa
and Nebraska attract companies with
lower costs and favorable regula-
tions. By one key measure — insur-
ance's contribution to gross domestic
product — Connecticut now ranks
third behind those two states.
Woodbridge-based biotech firm
LambdaVision has raised $7 million
in seed funding to advance preclin-
ical research and scale space-based
production of its artificial retina
designed to treat blindness.
The round was co-led by Seven
Seven Six, founded by Reddit
co-founder Alexis Ohanian, and
the Aurelia Foundry Fund, with
participation from Seraphim Space.
The funding is expected to sustain
operations into 2027.
LambdaVision manufactures
its protein-based retinal implants
aboard the International Space
Station, where microgravity enables
higher-quality production. The
company has completed nine
missions with NASA and Space
Tango and plans to use the new
funding to expand preclinical work
ahead of human trials.
CEO Nicole Wagner said the
investment will help bring the
company closer to clinical testing
and scalable orbital manufacturing.
Founded at UConn, LambdaVi-
sion has received more than $15
million in prior grants and employs
six people at its 4 Research
Drive facility, with plans to add
three to five more staff in the
coming months.
