Venture Capitalist is responsible for targeting and acquiring profitable investment opportunities on behalf of the company. Manages assets of size $50,000-$2,000,000. Being a Venture Capitalist requires a bachelor's degree in area of specialty and 1-5 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Additionally, Venture Capitalist relies on experience and judgment to plan and accomplish goals. Performs a variety of tasks. A wide degree of creativity and latitude is expected. Typically reports to a manager or head of a unit/department. (Copyright 2024 Salary.com)
Connecticut Innovations ("CI")
As Connecticut's strategic venture capital arm and one of the most active investors on the eastern seaboard, CI has a portfolio of 220 companies across various industries, with strengths in life sciences, technology and climate tech. CI meets with hundreds of companies every year, identifying the most promising early-stage companies looking to grow in the state. Every year, CI invests in 20 new companies, in addition to providing follow-on capital to existing portfolio companies.
CI invested $42.2 million in 71 companies in the fiscal year (FY 2023) ending June 30, 2023. CI's investments also attracted an additional $454.5 million in outside capital into its portfolio companies. This fiscal year generated $38.2 million in cash proceeds through company exits, which includes acquisitions and IPOs.
During the past two fiscal years, CI officially launched two new funds, the $100 million ClimateTech Fund, and the $50 million Future Fund, both of which are actively deploying dollars into early-stage companies. In addition to these new funds, CI launched the Innovation Lab to match and fund pilots between state agency partners and CI's scalable portfolio companies, expediting the pilot-to-procurement process for innovative technologies.
Our culture is vibrant, diverse, collaborative, and inclusive. We embrace perspective and have mission alignment on our impact to Connecticut's innovation ecosystem. We host or participate in over 20 ecosystem events per year, and our headquarters at The District in New Haven is a catalyst for partnership and an innovation ecosystem community hub.
CI ClimateTech Fund
Governor Lamont has committed to reducing greenhouse gas emissions to net zero by 2050 while ensuring vulnerable communities receive investment and are resilient to the impacts of climate change. Connecticut has passed the Clean Air Act, set a 2040 zero emissions target for school buses, passed advanced clean truck standards modeled off California, and more.
Connecticut is taking a macro government strategy to decarbonize, with CI working in tandem with the Connecticut Green Bank, Department of Energy and Environmental Protection, Department of Transportation, Office of Workforce Strategy, and more.
The CI ClimateTech Fund is a $100 million fund that invests capital and strategic support in early stage and growth companies. The fund is looking to invest in the following areas: Energy, transportation and mobility, food and agriculture, water, climate-related software, waste and circular economy, advanced materials/manufacturing, carbon removal/sequestration and more. The fund invests between $150,000 and $5 million per company and does require co-investment.
Durational Investment Associate | ClimateTech Fund
CI is seeking a Durational Investment Associate for a period of three (3) years. This Investment Associate role will assist CI's ClimateTech team with investment strategy (initial and follow-on investments) and execution. This role will be responsible for lead generation, due diligence, and portfolio management activities. This role will drive public-private partnerships across the sustainability innovation ecosystem in Connecticut to meet annual goals and objectives.
We are seeking candidates with a strong interest in the intersection between venture capital and helping the State of Connecticut meet decarbonization goals. Candidates should possess a bachelor's degree in business administration or other related field plus three to five years' experience in market research, management consulting, equity research, private equity, venture capital or other relevant business or management discipline, ideally with a focus on the sustainability industry. A master's degree in business administration, economics or other related field may be substituted for one additional year of the general experience.
Responsibilities may include:
Skills & Competencies
Connecticut Innovations is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.