Connecticut state gives two Irish tech firms a $1m VC leg up

Doug Roth, managing director of venture capital investments at Connecticut Innovations

The state venture capital arm of Connecticut is taking a closer look at Irish firms after backing two businesses from here in the past two years.

Connecticut Innovations has already invested $500,000 in Davra Networks, located in the Dublin docklands, and is in the process of closing a $500,000 funding round with Bray-based CloudKPI, founded by Maeve Kneafsey and Brenda Jordan.

The organisation discovered both businesses at the last two FutureScope conferences.

Doug ...