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CT shares in $1.1M New Haven software stake

New Haven financial software developer Continuity Control Inc. rounded up another $1.1 million from investors, nearly a quarter of it coming from the state.

Connecticut Innovations Inc., the state’s technology-investment arm, says it doubled down on its $250,000 investment of last November in Continuity from its Eli Whitney Fund.

That’s on top of CI’s “seed level” investment in April 2009 of $500,000.

Other investors — including LaunchCapital and Club Circle Partners and Gnostic Ventures — contributed the rest, CI said. LaunchCapital and Club Circle, too, are among Continuity’s earlier investors.

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Continuity’s software applications allow banks and credit unions to capture, track and report vital information about their operations to customers and regulators.  

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