Waterville is a small city (pop. ≈16,000) nestled on the shore of the Kennebec River in central Maine. Like many Maine cities and towns,…
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…
Funding
True Fin raises $1M in its first investment round
True Fin, one of the first businesses launched and stewarded through GMRI’s Gulf of Maine Ventures initiative, recently completed a fully subscribed raise of…
News
Gulf of Maine Research Institute launches ‘bluetech’ accelerator for startups
The Gulf of Maine Research Institute has launched an accelerator program for “bluetech” startups whose innovations could positively impact the Gulf of Maine. …
News
Colby College startup gains traction with online marketplace for student artists
A new startup out of Colby College, The Cubby, has launched an online marketplace to help student artists and makers get exposure and sell…
News
Maine Angels leads the way on recruiting female investors
In the last decade, the Maine Angels has quadrupled the portion of its members who are women, mirroring a national trend that has seen…
News
ElleVet, a pioneer in the CBD-for-pets market, is growing member of Portland’s pet-health cluster
ElleVet Sciences, a South Portland-based manufacturer of CBD products for pets, is a growing addition to Maine’s active veterinary-tech cluster that includes IDEXX, ImmuCell,…
News
Maine businesses eligible to receive at least $56M from federal stimulus plan
The U.S. Department of the Treasury announced this week that Maine’s allocation as part the State Small Business Credit Initiative (SSBCI) program is $56.2…
Funding
Amplify Additive raises $1.1M to expand specialized 3D printing capabilities
Amplify Additive, a Scarborough-based manufacturer of 3D printed orthopedic implants, has raised a $1.1M Series A. The company will use the investment to fund…
News
Federal stimulus package expected to expand access to capital for Maine startups
A little-known program within the American Rescue Plan, the $1.9 trillion stimulus package President Biden signed into law on March 11, could bring millions…