MAINE VENTURE FUND

The Maine Venture Fund is a professionally-managed venture capital fund that invests exclusively in Maine companies who demonstrate a potential for high growth and public benefit. The Fund has been actively investing in Maine companies since 1997, after its creation by an act of the Maine Legislature in 1995 to provide Maine companies and entrepreneurs access to patient sources of venture capital. The fund has received $13 million in capital contributions from the State of Maine and operates as ... a revolving “evergreen” fund. The Maine Venture Fund specializes in small and medium Maine businesses and considers companies in nearly any industry that can demonstrate the potential for high growth and public benefit. The mission of the fund is to provide resources to attract, support, and help develop eligible small businesses with the potential for substantial growth and success that will contribute to the prosperity of Maine.
MAINE VENTURE FUND
Industry:
Finance Financial Services Venture Capital
Founded:
1995-01-01
Status:
Active
Contact:
(207)924-3800
Technology used in webpage:
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Current Advisors List
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Current Employees Featured
Desmond FitzGerald EIR @ Maine Venture Fund
EIR
John Burns Fund Manager @ Maine Venture Fund
Fund Manager
Jayme Okma Lee Investment Manager @ Maine Venture Fund
Investment Manager
Stephen K. Smith SEGB Chair @ Maine Venture Fund
SEGB Chair
Terri Wark Fund Administrative Associate @ Maine Venture Fund
Fund Administrative Associate
Founder
Investments List
Date | Company | Article | Money raised |
---|---|---|---|
2022-08-18 | Defendify | Maine Venture Fund investment in Venture Round - Defendify | 3.35 M USD |
2022-04-15 | Circa | Maine Venture Fund investment in Seed Round - Circa | 2 M USD |
2022-04-02 | Senscio Systems | Maine Venture Fund investment in Venture Round - Senscio Systems | 1.9 M USD |
2021-12-08 | HighByte | Maine Venture Fund investment in Seed Round - HighByte | 3.5 M USD |
2021-10-06 | Kinotek | Maine Venture Fund investment in Seed Round - Kinotek | 2.1 M USD |
2021-09-20 | Atlantic Sea Farms | Maine Venture Fund investment in Series A - Atlantic Sea Farms | N/A |
2021-08-12 | Pumpspotting | Maine Venture Fund investment in Seed Round - Pumpspotting | 1.15 M USD |
2021-08-06 | American Unagi | Maine Venture Fund investment in Series A - American Unagi | 4.4 M USD |
2021-07-30 | True Fin Seafood | Maine Venture Fund investment in Convertible Note - True Fin Seafood | 1000 K USD |
2020-12-21 | HighByte | Maine Venture Fund investment in Convertible Note - HighByte | 500 K USD |
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Business Incubators, Accelerators, and Pitch Competitions
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Jun 1, 2022 "Maine Venture Fund's demonstrated success in the state over the past 25 years bolsters the potential for new economic development organizations like Dirigo Labs to gain a …See details»
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Maine Venture Fund will host the fourth annual Maine Startup Challenge in November 2025. Details. Maine Startup Challenge is a business plan competition for Maine’s startup …See details»
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Apr 9, 2021 John Burns, managing director of Maine Venture Fund. John Burns has led Maine Venture Fund for 20 years, growing it from a small, unknown quasi-governmental organization …See details»
Top 10 VC Firms in Maine - investorhunt.co
1. Maine Venture Fund. Maine Venture Fund is a venture capital fund that invests in high-potential Maine-based businesses to drive growth and positive impact in the state. Created by the …See details»
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Jul 10, 2024 Since its establishment in 1995 by the Maine Legislature, the Maine Venture Fund, a professionally managed venture capital firm, has been actively investing in Maine companies …See details»
New Managing Director to Lead Maine Venture Fund - PR Newswire
PORTLAND, Maine, May 11, 2021 /PRNewswire/ -- Joseph "Joe" Powers has been named the new managing director of Maine Venture Fund (MVF), a state-sponsored venture capital fund. …See details»
Where to Get Help - FAME Maine
Maine Regional Planning Organizations; Maine Technology Institute (MTI) U.S. Department of Agriculture (USDA) U.S. Small Business Association (SBA) Equity Financing. ... Maine …See details»
Building Maine's Future: Legacy and Opportunity - Maine Venture …
Aug 20, 2021 Maine Venture Fund (MVF), the state’s venture capital fund for scaling ambitious startup companies, is a primary force in that effort. I joined MVF two years ago and am thrilled …See details»
Maine Venture Fund pledges up to $750K for Roux Institute startups
Mar 30, 2022 Casting a vote of confidence in Maine's innovation potential, Maine Venture Fund has pledged to invest up to $750,000 in startups coming out of the Roux Institute in Portland …See details»
Governor Mills Celebrates $22 Million Grant from Biden-Harris ...
3 days ago Maine's Tech Hub is made up of more than 70 partners -- including the University of Maine, the Roux Institute, the Maine Community College System, Sappi, IDEXX, Thornton …See details»
Maine Delegation Announces $22 Million Headed to State for …
4 days ago WASHINGTON, D.C. — U.S. Senators Susan Collins and Angus King, and U.S. Representatives Chellie Pingree and Jared Golden, today are announcing the Department of …See details»