Drew D’Alelio is a senior associate at Connecticut Innovations working on the Climate Tech Fund. He has a passion for combating climate change, innovative financing, and economic development. At CI Drew manages the entire investment cycle, from sourcing, due diligence, all the way through to portfolio management, and has invested in companies focused on insurtech, EV charging, circular economy, grid intelligence, and more. Drew holds an MPP and MBA from Yale and a bachelor’s degree from Northwestern.

CI’s $100 million climate fund launched in the summer of 2022 to catalyze Connecticut’s climate innovation economy, thanks to the support of Gov. Ned Lamont and CI CEO Matt McCooe. The fund plans to invest in 25-30 early-stage climate tech companies across a variety of sectors, including energy, mobility, circular economy, food and agriculture, insurtech, and more. Since last summer, the Climate Fund team has been busy: adding nearly ten companies to the portfolio as well as launching Climate Haven, a New Haven based incubator to help the earlier stage Connecticut climate tech companies scale.

Portfolio companies include Bright Feeds, which is turning food waste into animal feed, AmpUp, which is an operating software for EV chargers, Budderfly, which works with corporations across the country to reduce their utility bills with energy efficiency upgrades, and Rethought Insurance, which is a leading flood insurance startup, protecting homeowners and businesses across the country from rapidly rising flood risk.

Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.