Organization · Venture Capital
Maine Venture Fund
Maine Venture Fund is a venture capital fund based in Newport, Maine, that invests in high-growth companies within the state. Established in 1997, it focuses on supporting businesses that demonstrate potential for economic impact and public benefit.
Overview
What Maine Venture Fund does
What Maine Venture Fund is
Maine Venture Fund is a venture capital fund based in Newport, Maine, that invests in high-growth companies within the state. Established in 1997, it focuses on supporting businesses that demonstrate potential for economic impact and public benefit.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 1997
- Approximate age
- About 29 years
- Structured capabilities
- Funder
- Last reviewed
- April 10, 2026
Official channels
Find Maine Venture Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
Maine Venture Fund as a funder
Investment thesis
Maine Venture Fund supports high-growth Maine-based companies at early to growth stages, emphasizing economic development and female-led businesses.
Focus narrative
MVF invests in high-growth, Maine-based businesses that demonstrate a viable plan for return on investment and impact in the state. The fund typically makes equity investments of around $100,000, preferably in convertible preferred stock, and seeks companies that operate primarily in Maine, employ fewer than 50 people, or generate less than $5 million in annual revenue.
Value beyond capital
MVF adds value to its portfolio companies by providing not only capital but also access to a network of resources, mentorship, and support through programs like the Innovate for Maine fellowship and the Dirigo Labs Accelerator, which help develop entrepreneurial skills and foster growth.
Terms and economics
- Typical check
- $100,000
- Sweet spot
- $100,000
Focus and fit
- Stages
- Pre-seed · Seed · Seed+ · Series A · Series A+ · Series B · Growth Equity
- Sectors
- HealthcareConsumerFintechClimate & SustainabilityBiotech & Life SciencesAgTechEducationArtificial IntelligenceCommerce & RetailEnergy
- Regions
- North AmericaUnited States
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 69
Portfolio context
MVF's portfolio includes notable Maine-based companies such as Accelera (movement therapy technology), American Unagi (locally sourced live eels), Atlantic Sea Farms (sustainably farmed sea greens), Bookclubs (digital platform for organizing book clubs), Defendify (cybersecurity platform), Good To Go (on-the-go meals), MedRhythms (digital therapeutics), Orange Bike Brewing (gluten-free brewery), Senscio Systems (chronic health management), and True Fin (sustainable seafood).
Common questions
What to know about Maine Venture Fund
Upseed classifies Maine Venture Fund under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 10, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.