Maine Venture Fund
Maine's Venture Capital Fund
About Maine Venture Fund
Maine Venture Fund invests in Maine businesses that have the highest potential for growth and impact. The Fund has been actively investing in Maine companies since 1997, after its creation by an act of the Maine Legislature in 1995. Over million has been invested in Maine companies from the Fund, which operates as a revolving evergreen fund.
What they offer
- Best suited for: Scaling-stage companies
- Best suited for: Revenue-generating companies with product-market fit
- Maine connection: Operate primarily in Maine
- Resource type: Venture capital
- Entity type: Quasi-Governmental
- Program: Maine Startup Challenge
- Program: Venture Funding Program
- Investment stage: Scaling-stage companies
- Eligibility: <50 employees
- Revenue: <M annual revenue
- Co-investment: 1:1 matching required
- Security type: Convertible Preferred Equity or Convertible Note
- Target raise: M+
- Access: Intro calls, due diligence, board presentation, term sheet, co-investor matching, legal closing
- Board governance: Board Observer seat (for portfolio companies)
- Geographic focus: Maine
Good for
- Resource