Maine Economic Development Venture Capital Revolving Investment Program

The Maine Economic Development Venture Capital Revolving Investment Program allows the state to invest as an equal partner in eligible private venture capital funds that agree to support emerging and early-growth businesses in Maine. It leverages private capital and encourages experienced professional venture capital fund managers to invest in Maine start-up businesses.

Eligibility

Available to established venture capital funds that have a strategy for the creation and retention of jobs in Maine through:

  • Investments in Maine high-growth businesses
  • A marketing and technical assistance plan
  • Appropriate monitoring of their investments
  • A technical assistance program to assist the businesses in which they invest
  • A process for complying with proposed measurement and goals

Investment Amount

Maximum investment of $1,000,000 per fund.

Contact

FAME

Participating Venture Capital Firms

The Borealis Fund, LP
10 Allen Street
Hanover, NH 03755
(603) 643-1500
www.borealisventures.com

Brook Venture Fund II
301 Edgewater Place
Wakefield, MA 01880
(781) 295-4000
www.brookventure.com

CEI Community Ventures, LLC
2 Portland Fish Pier, Suite 206
Portland, Maine 04101
(207) 772-5356
www.ceimaine.org

Coastal Ventures II, LLC
2 Portland Fish Pier, Suite 201
Portland, Maine 04101
(207) 772-5356
www.ceiventures.com

Masthead Venture Partners Capital, LP
3 Canal Plaza
Portland, Maine 04101
(207) 780-0905
www.mvpartners.com