Table of content[
hide ]
The U.S. digital health sector alone has attracted a remarkable $90 billion in funding, highlighting the rapid growth and innovation in the healthcare industry. Yet, finding venture capital in Connecticut, a state not known as a healthcare startup hub can be challenging for entrepreneurs.
To help, we’ve compiled a list of top venture capital firms in Connecticut that fund healthcare startups, each with a proven track record of fostering innovation and growth.
Top 5 Venture Capital Firms in Connecticut Funding Healthcare Startups
| Investor Name | Focused Sectors | Funding Stages | Notable Investments | Total Investments |
|---|---|---|---|---|
| Longitude Capital | Biotech, Medtech, Healthtech | Early and Seed | Thesus, Vaxcyte | 500+ |
| Oak Investment Partners | Healthcare, Consumer, Climate & Sustainability | Early Stage | One Medical, Enjoy, Zayo | 200+ |
| Cigna Ventures | Healthcare | Early and Growth Stages | Not Disclosed | Not Disclosed |
| Galen Partners | Healthcare | Late Stage, Private Equity | Quotient Biodiagnostics, Intouch Health, Sharecare | 15 |
| CHL Medical Partners | Life Sciences, Healthcare | Early Stage | Ambra, CareWell | 10 |
1. Longitude Capital
- Website: Longitude Capital: Venture Growth Investing in Healthcare
- Focused Sectors: Biotech, Medtech, Healthtech
- Funding Stages: Early and Seed
- Locations: Menlo Park and Greenwich
- Notable Investments: Thesus, Vaxcyte
- Total Investments: 500+
Operating since 1997, Longitude Capital is a leading venture capital firm committed to supporting healthcare startups focused on clinical outcomes, patient well-being, and cost reduction. Known for its rigorous investment criteria, Longitude Capital typically funds companies with clinical or commercial validation and a high potential for substantial returns within three to five years.
2. Oak Investment Fund
- Contact: infoct@oakvc.com
- Website: Oak Investment Partners
- Focused Sectors: Healthcare, Consumer, Climate & Sustainability
- Funding Stages: Early Stage
- Locations: Norwalk, Stamford, San Francisco
- Notable Investments: One Medical, Enjoy, Zayo
- Total Investments: 200+
With over a decade of experience, Oak Investment Partners funds Connecticut-based startups in healthcare and other sectors. Oak prioritizes businesses with strong growth potential, low competition, and innovative solutions, especially those that can scale internationally. The firm’s investments often reach up to $10 million, focusing on businesses with modern approaches to healthcare and life sciences.
3. Cigna Ventures
- Contact: Get in Touch
- Website: Cigna Ventures
- Focused Sectors: Healthcare
- Funding Stages: Early and Growth Stages
- Location: U.S.
Founded in 2018, Cigna Ventures, the venture capital arm of Cigna Corporation, invests in startups delivering cutting-edge healthcare solutions with global potential. The firm frequently hosts pitch competitions and events to connect with promising startups. Cigna Ventures' investments typically reach up to $10 million and include both capital and industry guidance to help startups grow.
4. Galen Partners
- Contact: djhans@galen.com
- Website: Galen Partners
- Focused Sectors: Healthcare
- Funding Stages: Late Stage, Private Equity
- Location: Connecticut
- Notable Investments: Quotient Biodiagnostics, Intouch Health, Sharecare
- Total Investments: 15
With over 30 years in the industry, Galen Partners invests in late-stage healthcare startups with substantial profit potential. Known for investing in telehealth and remote monitoring solutions, Galen Partners funds one to three startups annually through pitch competitions and startup events. Their typical investment range lies between $10 million and $30 million.
5. CHL Medical Partners
- Contact: Get in Touch
- Website:CHL Medical Partners
- Focused Sectors: Life Sciences, Healthcare
- Funding Stages: Early Stage
- Location: U.S.
- Notable Investments: Ambra, CareWell
- Total Investments: 10
Since 1997, CHL Medical Partners has funded a variety of early-stage healthcare startups across the U.S., focusing on companies that offer innovative, scalable solutions with potential for high returns. Like other top VC firms, CHL arranges pitch events and workshops to connect with and educate entrepreneurs. Their typical investment range reaches up to $1 million.
How To Get Connected With Angel Investors? (5 Secret Ways to Do So)
Building connections with angel investors can be challenging, especially for new founders. Here are some tried-and-true methods to get you started:
- Leverage Your Network: Start by reaching out to advisors, mentors, or friends who can introduce you to investors. Warm introductions hold more weight than cold outreach.
- Attend Industry Events: Conferences, pitch nights, and investor forums are excellent networking opportunities. Always have business cards on hand and ask investors for feedback on your startup.
- Online Platforms: Use platforms like AngelMatch, which hosts over 110,000 angel investors, to connect with investors who match your startup goals.
- Targeted Research: Identify angel investors with a history of funding your industry, then connect with them through events or LinkedIn. Tailored outreach is more effective than a broad approach.
- Build a Social Media Presence: Investors increasingly reach out to startups with strong social media profiles. By sharing industry insights and engaging with your audience, you’ll increase your visibility among potential investors.
Wrap-Up:
With nearly 90% of startups failing within their first five years, securing investment is crucial. Create a compelling pitch deck, show investors why your startup is a strong opportunity, and be prepared for their tough questions. Confidently presenting your idea can make all the difference in capturing investor interest and securing funding for your business.