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.
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Get the Sheet for $50Revalia 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 Founded | 2023 |
| Founders | Greg Tietjen, Helen Hughes, Jenna DiRito, Kourosh Saeb-Parsy, Milad Alucozai, Peter Buniak |
| Funding Amount | $19.5M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Sierra 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 Founded | 1975 |
| Founders | Ray Dalio |
| Funding Amount | $22M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Grant |
| 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 | — |
| Founders | Austin Lane |
| Funding Amount | $6M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Second 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 Founded | 2007 |
| Founders | Sandra Jarish |
| Funding Amount | $475M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt 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 Founded | 2019 |
| Founders | Amish Shah, Elliott Jobe, John Acunto, Rodric David, Sean Cross |
| Funding Amount | $3.4B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Lux 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 Founded | 2007 |
| Founders | Albert Subbloie |
| Funding Amount | $382M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | Nuveen, 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 Founded | 2016 |
| Founders | John Clifford, Michael Kalen, Todd Ruplinger |
| Funding Amount | $53M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Stone 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 Founded | 2014 |
| Founders | Greg King |
| Funding Amount | $1M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Seed |
| Top Investors | CIG 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 Founded | 2011 |
| Founders | Jason Bobby, Ken Pellegrino, Mark DiGirolamo, Robert Nahmias |
| Funding Amount | $41.6M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Indicator 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 Founded | 2014 |
| Founders | Blake Walker, Chris Walker, Erroin Martin, Simon Kaluza |
| Funding Amount | $45.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Commerce 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.