Updated:
CTNext
Connecticut's catalyst for entrepreneurship and innovation | CTNext is investing in the future of Connecticut businesses and the people shaping them.
Overview
Connecticut's catalyst for entrepreneurship and innovation | CTNext is investing in the future of Connecticut businesses and the people shaping them. Our goal is to drive the success of a deeply innovative ecosystem that generates equitable, sustainable and prosperous companies and jobs for the people of Connecticut.
General information
Year founded
2012
Location
Region
North America
Country
United States
City
New Haven
Corporate office
New Haven, CT, United States
Principals
Timothée Leung
Chief Operating Officer
Patrick O'Broin
Vice President of Finance and Operations
Sector focus
Frequently asked questions
What types of investments did CTNext make?
CTNext made direct equity co-investments alongside venture capital firms, primarily in early-stage Connecticut-based companies. Its portfolio spanned enterprise software, digital health, climate tech, and industrial technology. It did not make fund commitments or participate in secondaries.
How large was CTNext's total deployment?
By mid-2021, CTNext had deployed over $50 million into approximately 110 companies (per Hartford Business Journal, 2021). Its annual investment rate varied significantly based on state appropriations.
Who controlled investment decisions at CTNext?
Investment decisions were overseen by CTNext's board of directors, which included appointees from the governor, state legislature, and private-sector members. The COO, Timothée Leung, and VP Patrick O'Broin managed day-to-day operations.
What was CTNext's relationship with venture capital firms?
CTNext operated as a co-investor alongside private VC firms. It provided matching capital to startups that had secured private lead investors, aiming to reduce the funding gap for Connecticut-based companies. Its portfolio included companies with backing from firms like Connecticut Innovations and local angel groups.
Profile maintained by Altss. Updated: . To correct this record or make a privacy request, send the page URL and your evidence to privacy@altss.com; corrections are free.
Need institutional-grade insight on investors?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: