Top Fast Growing Businesses in Connecticut [2024]

Top Startups

Have you ever wondered who is on the list of companies with the highest growth rates in Connecticut?

You’re not alone.

There are hundreds of companies founded there, and it can be challenging to keep track of the hottest new businesses.

But don’t worry, we’ve got you covered. Here are the top 7 fast-growing businesses in Connecticut that have top-tier venture capital funding.

Top 7 Fastest-Growing Businesses In Connecticut

1) Minds

Minds is a cryptocurrency social network and private messaging software that pays members in cryptocurrency for their online services.

Details of this business:

  • Started in: 2011
  • Founders: Bill Ottman, Ian Crossland, Jack Ottman, John B. Ottman, Mark Harding
  • Industries: Blockchain, Blogging Platforms, Cryptocurrency, Ethereum, Peer to Peer, Photography, Social Network, Social News, Video, Video Chat
  • Number of employees: 11-50
  • Funding amount: $17,381,300
  • Number of funding rounds: 5
  • Number of investors: 2

You can find their website here.

2) Triax Technologies, Inc.

Triax Technologies, Inc. provides a linked IoT worksite platform for the construction, energy, and heavy industrial sectors.

Details of this business:

  • Started in: 2012
  • Founders: Chad Hollingsworth, Dale Hollingsworth
  • Industries: Construction, Energy, Industrial, Information Technology, Internet of Things, Manufacturing, Mining, Oil and Gas, Software
  • Number of employees: 11-50
  • Funding amount: $12,500,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

3) Sema4

Sema4 analyzes patient data using artificial intelligence and machine learning to deliver insights that will improve medical practice.

Details of this business:

  • Started in: 2017
  • Founders: Eric Schadt
  • Industries: Artificial Intelligence, Health Care, Health Diagnostics, Machine Learning, Medical, Predictive Analytics
  • Number of employees: 501-1000
  • Funding amount: $241,000,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

4) Tomo

Tomo is a fintech firm that aims to revolutionize the homebuying experience, starting with a digital mortgage and transaction platform.

Details of this business:

  • Started in: 2020
  • Founders: Carey Armstrong, Greg Schwartz
  • Industries: Financial Services, FinTech
  • Number of employees: 51-100
  • Funding amount: $40,000,000
  • Number of funding rounds: 2
  • Number of investors: 9

You can find their website here.

5) IsoPlexis

IsoPlexis is a life science technology firm that is working on a single-cell detection system for detecting patient immune responses.

Details of this business:

  • Started in: 2013
  • Founders: Kara Brower, Rong Fan, Sean Mackay
  • Industries: Biotechnology, Health Care, Medical Device, Therapeutics
  • Number of employees: 101-250
  • Funding amount: $205,500,000
  • Number of funding rounds: 13
  • Number of investors: 12

You can find their website here.

6) Athletic Brewing

Athletic Brewing is a brewing, healthy living, organic, e-commerce, and direct-to-consumer food and beverage company.

Details of this business:

  • Started in: 2017
  • Founders: Bill Shufelt, John Walker
  • Industries: Brewing, Craft Beer, Food and Beverage
  • Number of employees: 11-50
  • Funding amount: $101,372,221
  • Number of funding rounds: 8
  • Number of investors: 6

You can find their website here.

7) Tru Optik

Tru Optik is the only audience measurement and data management platform built specifically for over-the-top (OTT) content.

Details of this business:

  • Started in: 2013
  • Founders: Alex Geis, Andre Swanston
  • Industries: Ad Targeting, Advertising, Analytics, Big Data, Digital Media, Real Time, SaaS, Social Media
  • Number of employees: 11-50
  • Funding amount: $15,513,205
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

FAQs

What Is The Average Investment In Connecticut?

According to the Connecticut Small Business Development Center, the average startup investment in the state is between $500 and $5,000.

Is Connecticut A Good State To Start A Business?

Connecticut generally has a favourable business climate and is ranked as the 4th best state for business by Forbes. Additionally, the state has a strong workforce and is home to many major corporations.

How Many Businesses Are There In Connecticut?

According to the most recent data from the National Venture Capital Association, there were approximately 80 venture-backed businesses in Connecticut as of 2018.

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