VC  Main Venture Fund

http://www.segfmaine.com





     Office Locations:

P.O. Box 63
Newport, ME 04953
Phone: 207-504-1999

 

Stages:

  • Early
  • Seed


 

Industries:

  • Communications & Networking
  • Information Technology
  • Manufacturing & Industrial

  •  

    Description:

    The Maine Venture Fund is a professionally managed venture capital fund that invests exclusively in Maine companies that 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. The fund is a $13 million dollar revolving, 'evergreen' fund. The Fund is a professionally managed venture capital fund that invests exclusively in Maine companies, in almost all industry sectors, that demonstrate a potential for high growth and public benefit. The Fund has a typical investment of $100,000 - $300,000 per company, with additional capital available to continue to support the company. Maine Venture Fund targets growth companies with less than $5M in revenue (and fewer than 50 employees).



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Desmond Fitzgerald Entrepreneur In Residence
    Jayme Okma Lee Fund Associate
    John F. Burns Fund Manager
    Terri Wark Fund Administrative Associate

     

    Portfolio companies include:


      Abierto Networks
        web link


      AIKO Biotechnology
        web link


      Bar Harbor BioTechnology
        web link


      BlueTarp Financial
        web link


      Bourgeois Guitars
        web link


      Certify
        web link


      Chemogen
        web link


      Coast of Maine
        web link


      Common Census
        web link


      Emergent Discovery
        web link


      Harbor Technologies
        web link


      InterSpec
        web link


      Looks Gourmet Food Company
        web link


      Newfield Design
        web link


      Nyle Systems
        web link


      Pantheon
        web link


      PenBay Solutions
        web link


      Phylogix
        web link


      RedZone Wireless
        web link


      Stillwater Scientific Instruments
        web link


      Warrior Aero-Marine
        web link


      Wentworth Technology
        web link


     

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