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10 Hartford Business Journal • January 19, 2015 www.HartfordBusiness.com The LisT To view the full list, please visit HartfordBusiness.com Largest Connecticut venture capital deal investments (Ranked by amount invested through the first three quarters of 2014) Rank Company 2014 VC deal total investment (from Jan. 1 - Sept. 30)/ No. of deals Investment stage Industry type/ Investors Top executive/ Title 1 Odyssey Logistics and Technology Corp. 39 Old Ridgebury Rd., Danbury, CT 06810 203-448-3900; www.odysseylogistics.com $87,999,900 2 Later stage Transportation Boston Millennia Partners, CMEA Development Co. LLC, Goldman Sachs Capital Partners, Trident Capital, and undisclosed firm Robert H. Shellman President & CEO 2 Melinta Therapeutics Inc. (1) 300 George St., Ste. 301, New Haven, CT 06511 203-624-5606; www.melinta.com $69,999,900 1 Later stage Biotechnology Vatera Healthcare Partners LLC and undisclosed firms Mary Szela CEO 3 Kolltan Pharmaceuticals Inc. 300 George St., Ste. 530, New Haven, CT 06511 203-773-3000; www.kolltan.com $60,000,000 1 Early stage Biotechnology Elm Street Ventures, HBM Healthcare Investments AG, Osage Partners, and Purdue Pharma LP Gerald McMahon President & CEO 4 Loxo Oncology Inc. 1 Landmark Sq., Ste. 1122, Stamford, CT 06901 203-653-3880; www.loxooncology.com $35,207,000 2 Early stage Biotechnology Aisling Capital LLC, New Enterprise Associates Inc., OrbiMed Advisors LLC, and undisclosed firms Joshua H. Bilenker CEO 5 Trevi Therapeutics Inc. 195 Church St., 14th Floor, New Haven, CT 06510 203-304-2499; www.trevitherapeutics.com $25,000,000 1 Early stage Biotechnology Tpg Growth LLC Jennifer L. Good President & CEO 6 Decisyon Inc. 1266 E. Main St., 2nd Floor, Stamford, CT 06902 844-329-3972; www.decisyon.com $22,000,000 1 Later stage Software Catalyst Investors LLC and undisclosed firm Ben Hennelly President & CEO 7 Evariant Inc. 308 Farmington Ave., Farmington, CT 06032 888-444-3598; www.evariant.com $16,512,000 1 Expansion Software Health Enterprise Partners (HEP Fund), Lightspeed Management Co., and undisclosed firms Bill Moschella Co-founder & CEO 8 Continuity Control Inc. 59 Elm St., Ste. 210, New Haven, CT 06510 888-932-6759; www.continuity.net $10,040,900 1 Expansion Software Connecticut Innovations Inc., River Cities Capital Funds, and undisclosed firms Andy Greenawalt Co-founder & CEO 9 CyVek Inc. 2 Barnes Industrial Rd. South, Wallingford, CT 06492 203-679-0395; www.cyvek.com $10,000,000 1 Expansion Biotechnology Connecticut Innovations Inc. Per Hellsund Founder, President & CEO 10 etouches Inc. 13 Marshall St., Norwalk, CT 06854 203-403-9470; www.etouches.com $7,000,000 2 Later stage Software Connecticut Innovations Inc., Level Equity, and Cava Capital Oni Chukwu President & CEO 11 Arvinas Inc. 5 Science Pk., 395 Winchester Ave., New Haven, CT 06511 203-535-1456; www.arvinas.com $5,100,000 1 Early stage Biotechnology 5AM Venture Management LLC, Canaan Partners, Connecticut Innovations Inc., Elm Street Ventures, and undisclosed firm Manny Litchman President & CEO 12 iDevices LLC 136 Simsbury Rd., Building 12, Avon, CT 06001 860-352-5255; idevicesinc.com $5,000,000 1 Expansion Software Axiom Venture Partners LP Christopher Allen CEO 13 PCC Technology Group LLC 2 Barnard Ln., Bloomfield, CT 06002 860-242-3299; pcc.cenuity.me $3,000,000 1 Later stage Software Stonehenge Growth Capital LLC Jerry W. Long Founder & CEO 14 Skystream Markets Inc. 6 Landmark Sq., Ste. 400, Stamford, CT 06901 203-564-9900; www.skystreammarkets.com $3,000,000 1 Expansion Financial services Advantage Capital Partners, Clean Energy Venture Group, Connecticut Innovations Inc., and LaunchCapital LLC Laks Narayan Chief Technology Officer 15 ZetrOZ Inc. 56 Quarry Rd., Trumbull, CT 06611 888-202-9831; www.zetroz.com $3,000,000 1 Expansion Medical devices and equipment Connecticut Innovations Inc. and undisclosed firm Bryant Guffey Co-founder & CEO 16 Basic6 Inc. 320 Post Rd. West, Westport, CT 06880 203-292-8440; www.basic6.com $2,521,000 1 Expansion Software Undisclosed firm Ed Samson Founder & CEO 17 ADmantX 968 Farmington Ave., #206, West Hartford, CT 06107 860-231-1094; www.admantx.com $2,400,000 1 Expansion IT services Undisclosed firm Giovanni Strocchi CEO 18 Lumesis Inc. 1 Atlantic St., Stamford, CT 06901 203-276-6500; www.lumesis.com $2,000,000 1 Early stage Software Undisclosed firm Gregg L. Bienstock Co-Founder & CEO 19 Epiep Inc. 142 Temple St., Ste. 206, New Haven, CT 06510 N/A; www.epiep.com $1,636,000 2 Early stage Medical devices and equipment Connecticut Innovations Inc., Golden Seeds LLC, and undisclosed firm Pamela Bunes Founder & CEO 20 P2 Science Inc. 4 Research Dr., Woodbridge, CT 06525 203-821-7457; www.p2science.com $1,500,000 1 Early stage Industrial/energy Connecticut Innovations Inc., Elm Street Ventures, and undisclosed firm Neil Burns CEO 21 Innovatient Solutions Inc. 270 Farmington Ave., Farmington, CT 06032 860-255-7945; www.innovatient.com $1,470,000 2 Expansion Software Connecticut Innovations Inc. and undisclosed firm Jolinda Lambert CEO 22 SmartPay Solutions LLC 176 Laning St., Southington, CT 06489 877-905-0786; www.smartpayllc.com $1,400,000 1 Early stage Software ConnecticuConnecticut Innovations Inc., Stonehenge Growth Capital LLC, and Tennant Capital Partners LLC Stephen Holcomb CEO 23 Zadspace Inc. 40 Richards Ave., Norwalk, CT 06854 203-286-3146; www.zadspace.com $1,366,000 1 Expansion Software Cava Capital Jeffrey W. Giordano CEO 24 IsoPlexis Inc. 23 Business Park Dr., Branford, CT 06405 203-208 4111; www.isoplexis.com $1,301,000 1 Early stage Biotechnology Connecticut Innovations Inc., Spring Mountain Capital LP, Yale University and undisclosed firms Sean Mackay CEO 25 Mediacrossing Inc. 3 Landmark Sq., Ste. 400, Stamford, CT 06901 203-652-1600; mediacrossing.com $1,277,000 1 Early stage Media and entertainment Undisclosed firm Michael K. Kalman CEO 26 Logicbroker Inc. 1000 Bridgeport Ave., Shelton, CT 06484 203-929-7633; logicbroker.com $1,200,000 1 Later stage Software Connecticut Innovations Inc. and undisclosed firm Peyman Zamani CEO 27 Capewell Holdings LLC N/A, Avon, CT 06001 N/A; N/A $1,000,000 1 Startup/seed Business products and services Advantage Capital Partners N/A N/A 28 Fresh Nation LLC 68 Southfield Ave., Stamford, CT 06902 203-661-1246; www.freshnationathome.com $1,000,000 1 Early stage Direct to consumer retail Lerer Ventures and Lightspeed Management Co. Tony Lee Founder & CEO 29 Precipio Diagnostics LLC 4 Science Pk., 3rd Floor, New Haven, CT 06511 203-787-7888; www.precipiodx.com $750,000 1 Early stage Medical devices and equipment Connecticut Innovations Inc. and undisclosed firm Ilan Danieli CEO 30 Soft Tissue Regeneration LLC 142 Temple St., Ste. 206, New Haven, CT 06510 973-879-6367; softtissueregeneration.com $666,900 1 Expansion Biotechnology Connecticut Innovations Inc., LaunchCapital LLC, and The Vertical Group Joseph Reilly President & CEO 31 NovaTract Surgical Inc. 170 Fort Path Rd., Ste. 13, Madison, CT 06443 203-533-9710; www.novatract.com $600,000 1 Expansion Medical devices and equipment Connecticut Innovations Inc. and Golden Seeds LLC Eleanor L. Tandler Founder & CEO 32 Affinimark Technologies Inc. 300 George St., Ste. 561, New Haven, CT 06511 203-809-4482; www.affinimark.com $425,000 1 Early stage Medical devices and equipment Connecticut Innovations Inc. and undisclosed firm Vincent Pieribone President 33 Targeted Instant Communications Inc. dba Intelliblast Health N/A, New Haven, CT 06511 N/A; www.intelliblast.com $340,000 1 Expansion Software Undisclosed firm Matthew Browning CEO 34 Inbox Health LLC 277 Fairfield Ave., 2nd Floor, Bridgeport, CT 06604 203-349-2424 ; www.inboxhealth.com $150,000 1 Early stage Software Connecticut Innovations Inc. Spencer Ewald CEO Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTreeTM Report, Data: Thomson Reuters. Note: N/A = Not available. (1) Formerly Rib-X Pharmaceuticals Inc. —Compiled by Roger Magnus and Heide Martin. Subscribe it's in print Subscribe today and get access to the information that Central Connecticut business people and decision makers use every day. To subscribe call 845-267-3008 or go to www.HartfordBusiness.com You'll find it in print • Need to grow your busiNess? • research your competitioN? • FiNd hartFord's latest busiNess News aNd ecoNomic treNds? G r e at e r H a r t f o r d ' s B u s i n e s s n e w s w w w. H a r t f o rd B u s i n e s s . c o m for more B2B news visit March 31, 2014 Volume 22, number 19 $3.00 subscribe online June 5, 2014 Only 10 weeks until C T B E x p o . c o m Index ■ Reporter's Notebook: PG. 5 ■ Week in Review: PG. 6 ■ The List: PG. 10 ■ Deal Watch: PG. 11 ■ Nonprofit Notebook: PG. 19 ■ Opinion & Commentary: PG. 20 Faces oF Business Main Street Mainstay Manchester's Bray Jewelers has survived for almost 100 years. Read about the family business' secrets to success and what makes customers keep coming back. PG. 3 Focus: economic DeveloPment Social Entrepreneurship Hartford business accelerator aims to nurture socially conscious businesses. PG. 8 Music copyright lawsuits cost restaurants unexpected thousands By Matt Pilon mpilon@HartfordBusiness.com A few years ago, nine songs were played inside Shelton's Vazzy's Cucina restaurant that ended up costing owners John Vazzano and Vincent L. Noce $18,000. That's because an agent of licensing giant Broadcast Music Inc., which represents the artists who owned the tracks, attested to being present when the tunes were played and sued Vazzano and Noce for copyright infringement, claiming the restaurant's music qualified as a public per- formance. Under federal copyright law, that meant the restaurant had to pay for the rights to play the songs, BMI said. Vazzano said he thinks a private party actually played the tunes. Broadcast Music Inc. • Founded in 1939 • Represents more than 600,000 songwriters and publishers with more than 8.5 million songs. • Distributed 85 cents of every dollar in licensing revenue in royalties — that amounted to $814 million in fiscal 2013. By Gregory Seay gseay@HartfordBusiness.com B y late May, the Corporation For Independent Living (CIL) expects to have in its hands title to the derelict Capewell Horse- nails factory in Hartford's South End in a bid to convert the idle eyesore into 72 apartments and an adjacent parcel into 24 affordable townhomes. If it does, it will open another fruit- ful chapter for a South End nonprofit that has leveraged — and exported — its talent as a group-home developer to shelter a diverse swath of central Connecticut's population. It, too, will be one of the final swan songs before the yearend retirement of its first and only chief executive. Since its launch in 1979 to finance, build, lease out — then ultimately give away — supportive shelter for thou- sands of the state's physically and mentally disabled, CIL has invested $458 million to construct or convert 2,205 dwelling units into shelter for 7,200 residents in Connecticut and Massachusetts. For at least a dozen years, CIL has applied that same skill set to its expand- ing for-profit realty development opera- tions that include Capewell, and a neigh- boring nonprofit-office-space cluster. In February, CIL announced it bought and will resume work on the $3.34 mil- lion Depot Crossing mixed-use project John Vazzano, owner of Vazzy's Cucina in Shelton, was upset when his restaurant had to pay $18,000 to settle a music copyright lawsuit. P h o t o | P a b l o R o b l e s Continued on page 16 Continued on page 15 Martin "Marty'' Legault, president and CEO, Corporation For Independent Living (CIL) With Legault, developer CIL soars as landlord Sued for a ong 3 Kolltan Pharmaceuticals Inc. 300 George St., Ste. 530, New Haven, CT 06511 203-773-3000; www.kolltan.com $60,000,000 1 Early stage Biotechnology Elm Street Ventures, HBM Healthcare Investments AG, Osage Partners, and Purdue Pharma LP Gerald McMahon President & CEO 4 Loxo Oncology Inc. 1 Landmark Sq., Ste. 1122, Stamford, CT 06901 203-653-3880; www.loxooncology.com $35,207,000 2 Early stage Biotechnology Aisling Capital LLC, New Enterprise Associates Inc., OrbiMed Advisors LLC, and undisclosed firms Joshua H. Bilenker CEO 5 Trevi Therapeutics Inc. 195 Church St., 14th Floor, New Haven, CT 06510 203-304-2499; www.trevitherapeutics.com $25,000,000 1 Early stage Biotechnology Tpg Growth LLC Jennifer L. Good President & CEO 6 Decisyon Inc. 1266 E. Main St., 2nd Floor, Stamford, CT 06902 844-329-3972; www.decisyon.com $22,000,000 1 Later stage Software Catalyst Investors LLC and undisclosed firm Ben Hennelly President & CEO 7 Evariant Inc. 308 Farmington Ave., Farmington, CT 06032 888-444-3598; www.evariant.com $16,512,000 1 Expansion Software Health Enterprise Partners (HEP Fund), Lightspeed Management Co., and undisclosed firms Bill Moschella Co-founder & CEO 8 Continuity Control Inc. 59 Elm St., Ste. 210, New Haven, CT 06510 888-932-6759; www.continuity.net $10,040,900 1 Expansion Software Connecticut Innovations Inc., River Cities Capital Funds, and undisclosed firms Andy Greenawalt Co-founder & CEO 9 CyVek Inc. 2 Barnes Industrial Rd. South, Wallingford, CT 06492 203-679-0395; www.cyvek.com $10,000,000 1 Expansion Biotechnology Connecticut Innovations Inc. Per Hellsund Founder, President & CEO 10 etouches Inc. 13 Marshall St., Norwalk, CT 06854 203-403-9470; www.etouches.com $7,000,000 2 Later stage Software Connecticut Innovations Inc., Level Equity, and Cava Capital Oni Chukwu President & CEO 11 Arvinas Inc. 5 Science Pk., 395 Winchester Ave., New Haven, CT 06511 203-535-1456; www.arvinas.com $5,100,000 1 Early stage Biotechnology 5AM Venture Management LLC, Canaan Partners, Connecticut Innovations Inc., Elm Street Ventures, and undisclosed firm Manny Litchman President & CEO 12 iDevices LLC 136 Simsbury Rd., Building 12, Avon, CT 06001 860-352-5255; idevicesinc.com $5,000,000 1 Expansion Software Axiom Venture Partners LP Christopher Allen CEO 13 PCC Technology Group LLC 2 Barnard Ln., Bloomfield, CT 06002 860-242-3299; pcc.cenuity.me $3,000,000 1 Later stage Software Stonehenge Growth Capital LLC Jerry W. Long Founder & CEO 14 Skystream Markets Inc. 6 Landmark Sq., Ste. 400, Stamford, CT 06901 203-564-9900; www.skystreammarkets.com $3,000,000 1 Expansion Financial services Advantage Capital Partners, Clean Energy Venture Group, Connecticut Innovations Inc., and LaunchCapital LLC Laks Narayan Chief Technology Officer 15 ZetrOZ Inc. 56 Quarry Rd., Trumbull, CT 06611 888-202-9831; www.zetroz.com $3,000,000 1 Expansion Medical devices and equipment Connecticut Innovations Inc. and undisclosed firm Bryant Guffey Co-founder & CEO 16 Basic6 Inc. 320 Post Rd. West, Westport, CT 06880 203-292-8440; www.basic6.com $2,521,000 1 Expansion Software Undisclosed firm Ed Samson Founder & CEO 17 ADmantX 968 Farmington Ave., #206, West Hartford, CT 06107 860-231-1094; www.admantx.com $2,400,000 1 Expansion IT services Undisclosed firm Giovanni Strocchi CEO 18 Lumesis Inc. 1 Atlantic St., Stamford, CT 06901 203-276-6500; www.lumesis.com $2,000,000 1 Early stage Software Undisclosed firm Gregg L. Bienstock Co-Founder & CEO 19 Epiep Inc. 142 Temple St., Ste. 206, New Haven, CT 06510 N/A; www.epiep.com $1,636,000 2 Early stage Medical devices and equipment Connecticut Innovations Inc., Golden Seeds LLC, and undisclosed firm Pamela Bunes Founder & CEO 20 P2 Science Inc. 4 Research Dr., Woodbridge, CT 06525 203-821-7457; www.p2science.com $1,500,000 1 Early stage Industrial/energy Connecticut Innovations Inc., Elm Street Ventures, and undisclosed firm Neil Burns CEO 21 Innovatient Solutions Inc. 270 Farmington Ave., Farmington, CT 06032 860-255-7945; www.innovatient.com $1,470,000 2 Expansion Software Connecticut Innovations Inc. and undisclosed firm Jolinda Lambert CEO 22 SmartPay Solutions LLC 176 Laning St., Southington, CT 06489 877-905-0786; www.smartpayllc.com $1,400,000 1 Early stage Software ConnecticuConnecticut Innovations Inc., Stonehenge Growth Capital LLC, and Tennant Capital Partners LLC Stephen Holcomb CEO 23 Zadspace Inc. 40 Richards Ave., Norwalk, CT 06854 203-286-3146; www.zadspace.com $1,366,000 1 Expansion Software Cava Capital Jeffrey W. Giordano CEO 24 IsoPlexis Inc. 23 Business Park Dr., Branford, CT 06405 203-208 4111; www.isoplexis.com $1,301,000 1 Early stage Biotechnology Connecticut Innovations Inc., Spring Mountain Capital LP, Yale University and undisclosed firms Sean Mackay CEO 25 Mediacrossing Inc. 3 Landmark Sq., Ste. 400, Stamford, CT 06901 203-652-1600; mediacrossing.com $1,277,000 1 Early stage Media and entertainment Undisclosed firm Michael K. Kalman CEO 26 Logicbroker Inc. 1000 Bridgeport Ave., Shelton, CT 06484 203-929-7633; logicbroker.com $1,200,000 1 Later stage Software Connecticut Innovations Inc. and undisclosed firm Peyman Zamani CEO 27 Capewell Holdings LLC N/A, Avon, CT 06001 N/A; N/A $1,000,000 1 Startup/seed Business products and services Advantage Capital Partners N/A N/A 28 Fresh Nation LLC 68 Southfield Ave., Stamford, CT 06902 203-661-1246; www.freshnationathome.com $1,000,000 1 Early stage Direct to consumer retail Lerer Ventures and Lightspeed Management Co. Tony Lee Founder & CEO 29 Precipio Diagnostics LLC 4 Science Pk., 3rd Floor, New Haven, CT 06511 203-787-7888; www.precipiodx.com $750,000 1 Early stage Medical devices and equipment Connecticut Innovations Inc. and undisclosed firm Ilan Danieli CEO 30 Soft Tissue Regeneration LLC 142 Temple St., Ste. 206, New Haven, CT 06510 973-879-6367; softtissueregeneration.com $666,900 1 Expansion Biotechnology Connecticut Innovations Inc., LaunchCapital LLC, and The Vertical Group Joseph Reilly President & CEO 31 NovaTract Surgical Inc. 170 Fort Path Rd., Ste. 13, Madison, CT 06443 203-533-9710; www.novatract.com $600,000 1 Expansion Medical devices and equipment Connecticut Innovations Inc. and Golden Seeds LLC Eleanor L. Tandler Founder & CEO 32 Affinimark Technologies Inc. 300 George St., Ste. 561, New Haven, CT 06511 203-809-4482; www.affinimark.com $425,000 1 Early stage Medical devices and equipment Connecticut Innovations Inc. and undisclosed firm Vincent Pieribone President 33 Targeted Instant Communications Inc. dba Intelliblast Health N/A, New Haven, CT 06511 N/A; www.intelliblast.com $340,000 1 Expansion Software Undisclosed firm Matthew Browning CEO 34 Inbox Health LLC 277 Fairfield Ave., 2nd Floor, Bridgeport, CT 06604 203-349-2424 ; www.inboxhealth.com $150,000 1 Early stage Software Connecticut Innovations Inc. Spencer Ewald CEO Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTreeTM Report, Data: Thomson Reuters. Note: N/A = Not available. (1) Formerly Rib-X Pharmaceuticals Inc. —Compiled by Roger Magnus and Heide Martin.