A growing network of female, Connecticut-based investors — established by the current governor’s spouse and a former governor’s niece — has raised $800,000 in funding with the intention of financing early-stage startups led by women and minorities.
The Tidal River Fund, created by members of the Tidal River angel investor network, set out to raise $500,000 in pooled investment but soon surpassed that goal. The fund is now shooting to raise $1 million by the end of this year.
Tidal River Fund has already heard pitches from 80 companies and invested in two: Connecticut-based Deeplook Medical and Arizona-based Rivia Health. While both of the investments so far have been in the health care field, the fund is hearing startup pitches from an array of sectors.
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