VETRO, the Portland-based developer of cloud-based fiber management software for the telecommunications industry, last week announced it has raised $7 million in growth capital.…
Maine Venture Fund
News
Healthcare startups take home top prizes at Maine Startup Challenge
Two healthcare-related startups won first place in the top two tiers at the inaugural Maine Startup Challenge, held recently in Portland. The event, hosted…
News
Maine Venture Fund to invest up to $750K in startups at the Roux Institute Techstars Accelerator
Maine Venture Fund, a state-sponsored venture capital fund, has committed to invest up to $750,000 over the next three years in startups that graduate…
Funding
American Unagi latest seafood-related company to raise venture capital
American Unagi has raised $10 million as it breaks ground on the country’s first indoor aquaculture facility to grow Maine glass eels to market…
News
Maine Venture Fund names Dr. Brien Walton as next Board Chair
The Maine Venture Fund announced on Tuesday that Brien Walton, CEO of Acadia Capital Management and a nationally recognized social impact investment strategist, has…
News
Maine Venture Fund taps Joe Powers to be its next managing director
Maine Venture Fund, the state’s quasi-governmental venture capital fund, announced this week that it has chosen its internal candidate, Joe Powers, to be its…
News
Q&A with John Burns, Maine Venture Fund’s outgoing director
John Burns has led Maine Venture Fund for 20 years, growing it from a small, unknown quasi-governmental organization mandated with investing in early-stage Maine…
News
MedRhythms raises money from Bose, wins national angel investment award
MedRhythms, a digital therapeutics and medical-device startup in Portland, has been racking up the headlines this month. During May, it announced that it… accepted…
Funding
VETRO raises $1M as investors bet on growing demand for broadband services
(Editor’s Note: VETRO ended up raising $2.5 million this round. I’ve left the article as originally reported, though.) VETRO Inc., the Portland-based developer of…