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Maine Venture Fund

Maine Venture Fund

A venture capital fund in Maine that invests and assists companies in its area

Maine Venture Fund is a venture capital fund in Maine that invests and assists companies in its area. Founded 1995 in Newport, Maine, United States, the firm usually invests in early stage ventures. Its portfolio companies include CourseStorm, Dream Local Digital, Mobile Price Card, Cerahelix, FineTune, Wentworth Technology, Chimani, NBT Solutions,Hyperlite Mountain Gear, Cerahelix, and Mobile Price Card. As of January 2020, the company had one exit and 17 investments. The fund has received $13 million in capital contributions from the State of Maine and operates as a revolving “evergreen” fund.

The company’s typical initial investment is $100,000-$300,000 per company, with additional capital.

Timeline

1995
Founded

People

Name
Role
LinkedIn

Desmond FitzGerald

EIR

Jayme Okma Lee

Investment Manager

John Burns

Fund Manager

Stephen K. Smith

SEGB Chair

Terri Wark

Fund Administrative Associate

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Cerahelix

Chimani

CourseStorm

Dream Local Digital

FineTune

Hyperlite Mountain Gear

Mobile Price Card

NBT Solutions

Wentworth Technology

News

Title
Author
Date
Publisher
Description
Maine Venture Fund
May 11, 2021
www.prnewswire.com:443
/PRNewswire/ -- Joseph "Joe" Powers has been named the new managing director of Maine Venture Fund (MVF), a state-sponsored venture capital fund. The decision...

References

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