The Founder's Guide to

Maine Venture Fund

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Overview

Maine Venture Fund, established in 1995 by the Maine Legislature, has been actively investing in Maine companies since 1997. The fund operates as a revolving 'evergreen' fund and has invested over $49 million in local businesses. Its mission centers on supporting companies with significant growth potential and impact within the state.

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Frequently Asked Questions

Does Maine Venture Fund lead rounds?

Maine Venture Fund typically participates in investment rounds but may lead depending on the opportunity and the specific business.

What is Maine Venture Fund's stance on follow-on investments?

The fund is open to follow-on investments for companies that continue to demonstrate growth potential and align with their mission.

How large is Maine Venture Fund's current fund?

The fund has invested over $49 million since its inception, reflecting its ongoing commitment to supporting Maine businesses.

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