The Maine Venture Fund is a professionally managed venture capital fund that invests exclusively in Maine companies that demonstrate a potential for significant growth and public benefit.

MISSION

The mission of the Maine Venture Fund is to provide resources to attract, support, and help develop eligible small businesses with the potential for substantial growth and success that will contribute to the prosperity of Maine.

HISTORY

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 has received $13.5 million in capital contributions from the State of Maine and operates as a revolving, “evergreen” fund.

Why is the Maine Venture Fund important to Maine?

When evaluating the various venture capital partners on our most recent round, it was important for me to include MVF because of their strong commitment to support the development of businesses in the State of Maine.

Mike Cote, CEO
Look’s Gourmet Food Company

We are fortunate to have MVF as a shareholder in our Edtech company. While the capital certainly makes a huge impact, it is their ongoing commitment to our company, and other in Maine, that really makes them feel like a partner.

Brian M. Rahill, Co-Founder and CEO
CourseStorm, Inc.

Maine Venture Fund is a fantastic resource, providing not only funding but also deep experience and valuable connections for Maine entrepreneurs.

 

Ben Polito, CEO and Founder
Pika Energy

The Maine Venture Fund has been a great partner for our startup tech company. Yes, they provide capital, but they also provide consistent, thorough advice to the board and executive team members in many areas of practice.

 

Robert Neveu, CEO
Certify, Inc.

The Maine Venture Fund has been a great partner and influential driver in the growth and the success of our business. They are committed to growing small Maine businesses, which are undoubtedly the primary source of our state’s job creation and economic growth.

 

Dan St. Pierre, CFO and Co-Founder
Hyperlite Mountain Gear

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