Connecticut Innovations Makes $500K Investment in Voiceitt
According to Hartford Business, Connecticut Innovations (CI)—a quasi-public venture capital fund—“has completed its initial $500,000 equity investment to the winner of last year's VentureClash pitch competition.” This is the third of a possible $1.5 million investment for Israel-based Voiceitt, which helps "people with impaired speech …communicate with others through devices like smart speakers.”
Voiceitt won the third annual competition in October, earning the highest share of a $5 million award pool.
The company was co-founded by CEO Danny Weissberg and Vice President of Strategy Sara A. Smolley. According to Hartford Business writer Joe Cooper, “Voiceitt emerged as the winner in the pitch competition that featured almost 300 companies in digital health, fintech, and insurtech, and was awarded first place at the Yale School of Management in New Haven.
CI is currently accepting applications for the first round of the fourth annual VentureClash competition. The application deadline is June 7.”
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