Next Generation Ventures, LLC is a unique joint venture between The Phoenix Cos., Inc. and Connecticut Innovations, Inc. The company offers seed-stage venture capital and professional management support to high-tech, start-up companies committed to locating their business in Connecticut. The fund addresses a void in the State's financing community as traditional venture capital institutions focus on later-stage, proven commercial concepts.
The goals of NextGen are to build high value jobs in Connecticut, retain and grow the State's strong base of intellectual capital, and ensure that our local ingenuity translates into fast-growing commercial opportunity in Connecticut. For our portfolio companies, our goal is to progress these businesses to the institutional investment community. – less–ZoomInfo