2022 Best Tech Startups in Connecticut

June 30, 2022 thetechtribune

The Tech Tribune staff has compiled the very best tech startups in Connecticut. In doing our research, we considered several factors including but not limited to:

Revenue potential
Leadership team
Brand/product traction
Competitive landscape

Additionally, all companies must be independent (unacquired), privately owned, at most 10 years old, and have received at least one round of funding in order to qualify.

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1. Digital Currency Group

Digital Currency Group

Founded: 2015

Also honored in: 2022 Best Tech Startups in Stamford

“Digital Currency Group’s mission is to accelerate the development of a better financial system. We do this by building and supporting blockchain and digital currency companies using our network, insights, and access to capital.

DCG has been the most active investor in the digital currency industry, with investments in over 200 companies in 35 different countries.

We also own and operate seven businesses: CoinDesk (the industry’s leading media, research, and events platform), Genesis (the industry’s leading institutional lending and brokerage firm), Grayscale (the largest digital currency asset management firm), Foundry (a financing and advisory company focused on digital asset mining and staking), Luno (a leading global digital asset exchange and wallet), HQ (a wealth and lifestyle management platform), and Tradeblock (a leading provider of tools and data for institutional cryptocurrency traders).”

2. Tomo

Tomo

Founded: 2020

Also honored in:

“Tomo Networks is a fintech startup that improves the homebuying experience by pairing a smarter and faster mortgage process with the best real estate agents to eliminate complexity, reduce cost, and put buyers in the best position to close. Tomo Networks was created by Greg Schwartz and Carey Armstrong in October 2020, and has since announced $70 million in seed funding – the largest ever for a startup in the real estate space. The company, with offices in Stamford, CT, Seattle, WA & Austin, TX, launched in October 2020 and began operations on June 30th 2021 in Seattle, Dallas, and Houston. Tomo Networks operates through its subsidiaries, Tomo Mortgage and Tomo Brokerage. For more information, visit hellotomo.com.”

3. Tesseract Health

Founded: 2018

“The eye is the window into the body. Tesseract is building a portable, affordable device for monitoring and preventing disease.

Tesseract Health is part of the 4Catalyzer accelerator, with over $700 Million in funding, 300 scientists and engineers. Our offices are in Guilford CT, New York City, and Palo Alto.

4Catalyzer is founded by Jonathan Rothberg, the inventor of “Next-Gen” DNA sequencing and ultrasound-on-a-chip (Butterfly Network).”

4. Shelf

Shelf

Founded: 2015

Also honored in:

“The workplace has changed. Teams now live in different parts of the country and, possibly, even the world. Collaborating across projects and continents is becoming the new norm. Distributed teams live and die by their ability to quickly learn, share key knowledge and take the right action at the right time.

But there is a problem. Currently stuff is scattered and disorganized all over the place and the products meant to solve this content sprawl, like SharePoint and Confluence, are expensive, difficult to use and hard to search.

In building a solution the Shelf team went beyond software and set out to understand the Science of Organization. They consulted Harvard librarians, change management experts, and information architects. With the help of these global thought leaders, knowledge management best practices were built into the core of the product.”

5. Raptor Scientific

Raptor Scientific

Founded: 2019

Also honored in: 2021 Best Tech Startups in Connecticut

“Raptor Scientific is a leading provider of engineering, testing, and measurement products and services, including the design and manufacture of world-class mass properties, radar cross-section measurement instruments and Air Data Test Sets.

Founded in 2019 by L Squared Capital Partners and backed with a $60 million equity commitment, Raptor Scientific is focused on the consolidation and integration of highly specialized Aerospace and Defense testing and measurement sector organizations. The Company completed its first acquisition of Space Electronics in September 2019. In 2020, Sensor Concepts, a leading developer of radar cross-section measurements joined the company.”

6. Enko Chem

Founded: 2017

“Enko designs safe and sustainable solutions to farmers’ biggest crop threats today, from pest resistance to new diseases. By applying the latest drug discovery and development approaches from pharma to plants, Enko is bringing an innovation model to agriculture and meeting farmers’ evolving needs. Founded in 2017 and led by a team of proven scientists, entrepreneurs and agriculture industry veterans, Enko is backed by investors including the Bill & Melinda Gates Foundation, Anterra Capital, Finistere Ventures, Novalis LifeSciences, Germin8 Ventures, TO Ventures Food, and Rabo Food & Agri Innovation Fund.”

7. Covr Financial Technologies

Covr Financial Technologies

Founded: 2013

Also honored in:

“Covr is a digital insurance platform that makes it easy to protect the people that matter most. Through partnerships with financial institutions and other national brands, Covr’s embedded insurance technology provides advisors and their customers a way to research and purchase insurance from well-known life insurance companies without the hassles of the traditional process – and in some cases, within a matter of minutes.

Covr is backed by leading venture capital firms: Allianz Life Ventures, Aflac Ventures, Nyca Partners, Commerce Ventures, Connectivity Capital Partners Contour Venture Partners and Sony IGV.”

8. Point72

Point72

Founded: 2012

Also honored in:

“Point72 Asset Management is a global firm led by Steven Cohen that invests in multiple asset classes and strategies worldwide. Resting on more than a quarter-century of investing experience, we seek to be the industry’s premier asset manager through delivering superior risk-adjusted returns, adhering to the highest ethical standards, and offering the greatest opportunities to the industry’s brightest talent. We’re inventing the future of finance by revolutionizing how we develop our people and how we use data to shape our thinking. For more information, visit www.Point72.com/working-here.”

9. Wellinks

Wellinks

Founded: 2014

Also honored in: 2022 Best Tech Startups in New Haven

“Wellinks is a COPD-focused digital health company fueled by a mission to empower people in their pursuit to breathe freely. Wellinks’ lead asset is a digitally enabled and outcomes-driven holistic virtual care management solution for COPD, with a focus on reinventing respiratory care. The company’s expertise in COPD innovation began with the development and FDA 510(k) clearance of Flyp Nebulizer, the first truly pocket-portable nebulizer, allowing patients simple, convenient, and connected access to breathing treatments.

Wellinks connects individuals and their caregivers through a suite of medical devices and intuitive software, enabling virtual COPD care management based on information that is real-time, accurate, and actionable.”

10. MYXfitness

Founded: 2018

“MYXfitness is interactive fitness platform that streams live and on-demand workouts to your in-home MYX Studio. Our efficient cross-training methodology incorporates cardio, resistance, & recovery phases into a single workout. Our sustainable & holistic daily workouts serve as a comprehensive fitness program or as a supplement to other fitness practices. We aim to improve health at any age, balance strength with cardio, promote active recovery, and rejuvenate the mind & body to help you reach your full potential.”