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Office Locations:
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P.O. Box 63
Newport, ME 04953
Phone: 207-305-0006
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Communications & Networking
Information Technology
Manufacturing & Industrial
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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. Maine Venture Fund has invested alongside over 400 angels, venture funds and institutions in bringing growth capital to high potential Maine companies. 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). Over $25 million has been invested in Maine companies from the Fund.
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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
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| COMPANY STAGE | REVENUE |
| Venture Capital | |
Seed Stage
(includes "pre-seed," or
concept stage) | No Revenue |
| Early Stage | Minimal
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 |
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