ROCKY HILL, Conn., – May 30, 2019 – Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that RepliX, an innovative cloud storage startup company, won the VentureClash Tel Aviv pitch competition.
RepliX delivers a private and public data center distribution platform that increases utilization and cuts costs for business-critical applications. The company is now eligible for a $500,000 investment from Connecticut Innovations, and RepliX also secured a spot in the semifinal round of the main $5 million VentureClash competition in Connecticut, which will culminate with the final pitch event in October.
Additionally, Mother’s Choice, a company creating personal care products and ingredients scientifically proven to be healthy, safe and all-natural, and EcoPlant, an energy-saving platform that connects directly to any industrial control equipment installed on machines and sensors, placed in the top three of the competition. Both companies are now fast-tracked to the VentureClash semifinals. They will receive a $5,000 grant to visit Connecticut in August for the semifinals, with an opportunity to advance to the finals in October at Yale University.
“The quality and caliber of all the companies that participated in the process and pitched at VentureClash Tel Aviv were outstanding,” said Matt McCooe, CEO of Connecticut Innovations. “We congratulate RepliX, Mother’s Choice and EcoPlant, as they made it past some extraordinary companies. We are excited to welcome all three winners to Connecticut to explore the ways in which our state can provide the resources to help them scale and thrive in the North American marketplace.”
VentureClash is Connecticut’s $5 million global venture challenge for early- and growth-stage companies in digital health, financial technology, insurance technology and industry 4.0. For the first time, CI brought the VentureClash competition to Israel to identify locally-based startups that might benefit from establishing a presence and expanding their businesses in Connecticut. VentureClash Tel Aviv featured presentations from 12 finalist companies and was held on Thursday, May 23, at the Tel Aviv Hilton.
The main VentureClash final pitch event will take place on Thursday, October 17, at Yale University. For more information, please visit www.ventureclash.com.
Managed by Connecticut Innovations, VentureClash is Connecticut’s global venture challenge focused on early-stage and growth companies. The challenge identifies high-potential companies in digital health, fintech, insurtech and industry 4.0 that will receive investments from a $5 million equity-based award pool. Learn more at https://ventureclash.com.
About Connecticut Innovations Inc.
Connecticut Innovations is Connecticut’s strategic venture capital arm, providing funding and strategic support to early-stage and growth technology companies. In addition to equity investments, CI provides connections to its well-established network of partners and professionals. To learn more, visit www.ctinnovations.com.
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