Connecticut's startup ecosystem is marked by a blend of industries, with notable activity in finance, media, and biotechnology. The state hosts both long-standing financial institutions and new companies exploring advanced technologies.

Infinite Reality, a metaverse company, has attracted $3.4 billion in funding for its work. In the biotech sector, newcomer Revalia Bio has already secured $19.5 million in a seed round.

Below is our list of 13 Connecticut startups worth keeping an eye on.

Failory's Top 10 Picks

Revalia Bio is pioneering a new category of pre-clinical research with its "Human Data Trials" platform. The system generates AI-driven insights from functional human organs, providing human-relevant data to de-risk the drug development process.

Year Founded2023
FoundersGreg Tietjen, Helen Hughes​, Jenna DiRito, Kourosh Saeb-Parsy, Milad Alucozai, Peter Buniak
Funding Amount$19.5M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsSierra Ventures, America’s Frontier Fund, Connecticut Innovations, Milad Alucozai, Overmatch Ventures

Bridgewater Associates manages over $120 billion in global investments for a wide array of institutional clients. The firm is distinguished by its systematic, research-driven investment process focused on global macroeconomic trends.

Year Founded1975
FoundersRay Dalio
Funding Amount$22M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusGrant
Top Investors

Notable runs a digital lending platform that provides real estate agents with commission advances before a deal closes. Their system is designed for speed and transparency, enabling agents to receive payment on closed deals in as little as 24 hours.

Year Founded
FoundersAustin Lane
Funding Amount$6M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsSecond Century Ventures, W. R. Berkley

Planet Home Lending operates as a national mortgage lender, offering a variety of loan products for purchasing or refinancing a home. The company also services its own loans, managing the entire customer relationship from origination through the life of the mortgage.

Year Founded2007
FoundersSandra Jarish
Funding Amount$475M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusDebt Financing
Top Investors

Infinite Reality uses AI to create immersive experiences for brands, including interactive 3D websites, virtual showrooms, and XR media. Their platform helps companies and creators build deeper relationships with their audiences in custom digital environments.

Year Founded2019
FoundersAmish Shah, Elliott Jobe, John Acunto, Rodric David, Sean Cross
Funding Amount$3.4B
Startup SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsLux Capital, Lerer Hippeau, Creative Artists Agency, Liberty Media, Courtside Ventures

Budderfly manages energy consumption for businesses through an Energy Efficiency as a Service (EEaaS) model. They provide and install energy-efficient equipment at no upfront cost, using their own technology to measure usage and guarantee savings for clients.

Year Founded2007
FoundersAlbert Subbloie
Funding Amount$382M
Startup SizeMid-Size Team (51-250)
Last Funding StatusDebt Financing
Top InvestorsNuveen, Edison Partners, Connecticut Innovations, Balance Point Capital Partners, Connecticut Green Bank

Covr Financial Technologies provides a digital platform that allows financial institutions to offer a range of life insurance products under their own brand. This multi-carrier solution simplifies the insurance buying process, making it easier for financial advisors to connect clients with suitable policies.

Year Founded2016
FoundersJohn Clifford, Michael Kalen, Todd Ruplinger
Funding Amount$53M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsStone Point Capital, Contour Venture Partners, Commerce Ventures, Nyca Partners, Fairview Capital Partners

Rex Shares develops exchange-traded products that give investors access to alternative investment strategies. Their financial instruments are engineered to provide targeted exposure beyond traditional index funds.

Year Founded2014
FoundersGreg King
Funding Amount$1M
Startup SizeFounding Team (1-10)
Last Funding StatusSeed
Top InvestorsCIG Spectrum Capital, FinRebel, Bruno del Ama

Shibumi created a cloud-based platform that gives large enterprises a single place to manage their most critical strategic initiatives. The application focuses on connecting strategy to execution, allowing businesses to track performance and measure the real-world benefits of their programs.

Year Founded2011
FoundersJason Bobby, Ken Pellegrino, Mark DiGirolamo, Robert Nahmias
Funding Amount$41.6M
Startup SizeMid-Size Team (51-250)
Last Funding StatusPrivate Equity
Top InvestorsIndicator Ventures, Guidepost Growth Equity

Inbox Health developed a patient communication platform that simplifies and automates medical billing. Their software provides patients with clear insights into their charges while helping healthcare providers streamline their payment collections.

Year Founded2014
FoundersBlake Walker, Chris Walker, Erroin Martin, Simon Kaluza
Funding Amount$45.3M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsCommerce Ventures, Connecticut Innovations, Vertical Venture Partners, Collaborative Fund, Fairview Capital Partners

3 Additional Connecticut Startups Worth Following

Those ten companies are just the start. Founders across the state are tackling problems in everything from environmental finance to analytics.

Some are early in their journey, while others have been building for over a decade. Here are a few more companies making a mark on Connecticut's startup scene.

StartupIndustryYear FoundedAmount RaisedLast Funding Round
Nuveen Green Capital logo Nuveen Green CapitalEnvironment2015$15MDebt Financing
Move the Chain logo Move the ChainAnalytics2021$1MPre-Seed
360Alumni logo 360AlumniNonprofit2012$1MConvertible Note