Issue link: https://nebusinessmedia.uberflip.com/i/938577
10 Hartford Business Journal • February 12, 2018 • www.HartfordBusiness.com THE LIST Largest Connecticut Innovations aid recipients (Ranked by amount of funding, FY 2017) Sources: CT Innovations, company websites and press releases. Notes: Jobs retained and created may be attributable to more than one instance of aid received in the same year. Amount leveraged represents the amount the company was able to secure via other sources such as bank lenders or venture capital investors. NA = Not available; CBIF = Connecticut Bioscience Innovation Fund. (1) One U.S. employee, currently working out of the Comradity co-working facility, 845 Canal St., Stamford. (2) Headquartered in Alberta, Canada. —Compiled by Stephanie R. Meagher. FOCUS Largest Connecticut Innovations aid recipients (Ranked by amount of funding, FY 2017) Number of full-time jobs Rank Company Amount funded Type of funding/ Fund Amount leveraged retained created Type of business Top executive/ Title 1 R4 Technologies LLC 38 Grove St. Ridgefield, CT 06877 203-461-7100; r4.co $2,000,000 Conventional debt Eli Whitney $8,875,000 43.0 2.5 Information technology Paul Breitenbach Founder & CEO 2 Biohaven Pharmaceutical Holding Co. LTD 234 Church St. New Haven, CT 06510 203-404-0410; biohavenpharma.com $1,997,651 Equity Eli Whitney CBIF $279,899,199 8.0 16.0 Bioscience Vlad Coric CEO 3 Dream Payments Corp. 171 East Liberty St., Unit 253 Toronto, ON Canada M6K 3P6 416-588-7999; dreampayments.com $1,538,232 Equity Eli Whitney $6,000,000 0.0 1.0 (1) Information technology Brent Ho-Young CEO 4 CoolIT Systems Inc. (2) 290 Harbor Drive Stamford, CT 06902 www.coolitsystems.com $1,500,000 Equity Eli Whitney $5,000,000 0.0 2.0 Information technology Geoff Lyon CEO 5 Tantalus Systems Corp. 1130 Situs Court, Suite 230 Raleigh, NC 27606 919-900-8970; www.tantalus.com $1,250,000 Equity Eli Whitney $4,500,000 1.0 0.0 Information technology Peter Londa President & CEO 6 CaroGen Corp. 400 Farmington Ave. Farmington, CT 06032 203-815-5782; carogencorp.com $1,143,654 Equity CBIF Pre-seed $1,000,000 4.5 4.0 Bioscience Bijan Almassian President & CEO 7 Arccos Golf LLC 700 Canal St., Sutie 12B Stamford, CT 06902 844-692-7226; arccosgolf.com $1,142,356 Conventional debt Eli Whitney $2,000,000 22.0 4.5 Information technology Salman Sayed Co-founder 8 Cornovus Pharmaceuticals Inc. 400 Farmington Ave. Farmington, CT 06032 860-679-7894 $1,065,000 Equity Eli Whitney $1,050,000 1.0 0.0 Bioscience Glenn Mattes CEO 9 Direct Color Systems 99 Hammer Mill Road Rocky Hill, CT 06067 860-829-2244; www.directcolorsystems.com $1,000,000 Debt Venture Mezzanine Debt $0 40.0 15.0 Information technology Blair Allen President 10 Cadenza Innovation Inc. 15 River Road, Suite 15B Wilton, CT 06897 203-460-8264; cadenzainnovation.com $1,000,000 Equity Eli Whitney $6,500,000 6.0 11.0 Clean technology Christina Lampe- Onnerud CEO 11 Kleo Pharmaceuticals Inc. 25 Science Park, Suite 2D, 150 Munson St. New Haven, CT 06511 203-691-6361; www.kleopharmaceuticals.com $1,000,000 Equity CBIF $10,000,000 2.0 5.0 Bioscience Doug Manion CEO 12 SponsorCraft d/b/a Hubbub Serendipity Labs, 700 Canal St. Stamford, CT 06902 www.hubbub.net $1,000,000 Equity Eli Whitney $1,000,000 0.0 1.0 Information technology Jonathan May CEO 12 Cybrexa Therapeutics 5 Science Park, 395 Winchester Ave. New Haven, CT 06511 860-717-2731; cybrexa.com $1,000,000 Equity CBIF $5,075,000 5.0 1.0 Bioscience Per Hellsund President & CEO 14 Inbox Health Inc. 770 Chapel St. New Haven, CT 06510 866-480-2699; inboxhealth.com $861,020 Equity Eli Whitney $750,000 0.0 8.0 Information technology Spencer Ewald CEO 15 GemShelf Inc. 175 Atlantic Ave. Stamford, CT 06901 shelf.io $827,083 Equity Eli Whitney $810,000 2.0 1.5 Information technology Sedarius Tekara Perrota CEO 16 P2 Science Inc. 4 Research Drive Woodbridge, CT 06525 203-821-7457; www.p2science.com $824,947 Equity Eli Whitney $5,175,053 3.0 3.0 Clean technology Neil Burns CEO 17 Dermatologic Cosmetics Labs 20 Commerce St. East Haven, CT 06512 203-467-1570; www.dclskincare.com $700,000 Loan Works fund $0 41.0 0.0 Manufacturing Mike Moles President & CEO 18 ReadyDock Inc. 10 Grassmere Ave. West Hartford, CT 06110 800-969-1166; readydock.net $677,176 Equity Eli Whitney $500,000 3.5 0.0 Bioscience Information technology Ed Ross President & CEO 19 Actualmeds Corp. 222 Pitkin St. East Hartford, CT 06108 888-838-9053; adheretx.com $625,000 Equity Conventional debt Eli Whitney $625,000 1.5 0.0 Information technology Patricia Meisner CEO 20 StreamData.IO 35 Chemin Du Vieux Chene Meylan, France streamdata.io $601,233 Equity Eli Whitney $2,150,000 0.0 1.0 (1) Information technology Eric Horesnyi CEO 21 BioRez Inc. 195 Church St., 17th Floor New Haven, CT 06510 biorez.com $535,578 Equity Eli Whitney $750,000 1.0 0.0 Bioscience Kevin Rocco CEO Sources: CT Innovations, company websites and press releases. Notes: Jobs retained and created may be attributable to more than one instance of aid received in the same year. Amount leveraged represents the amount the company was able to secure via other sources such as bank lenders or venture capital investors. NA= Not available; CBIF = Connecticut Bioscience Innovation Fund. (1) One U.S. employee, currently working out of the Comradity co-working facility, 845 Canal St., Stamford. (2) Headquartered in Alberta, Canada. —Compiled by Stephanie R. Meagher.