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MVF Adds EdTech Company, Academic Merit LLC to its Portfolio

MVF is pleased to announce its recent investment in Academic Merit LLC, an EdTech company based in Portland.  Academic Merit has built the “Only Cloud–Based Platform that Integrates Best Practices in Student and Professional Learning”.  

Other investors include members of the Maine Angels and also members of Red Bear Angel group, a group of Cornell alumni.  

CEO, Steve Shapiro, joined founder, Ogden Morse, III, early in 2014 and the company has exciting partnerships in place and an aggressive growth plan. 

Fund Managing Director, John Burns said, “We’ve been following Academic Merit’s progress since its inception six year ago.  They have continued to evolve their products, finding ever more relevance to their customers and partners, in a rapidly evolving landscape.  We are excited about joining them as a partner and investor at this juncture.”

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