Defendify, a Portland-based cybersecurity software startup, entered 2020 with $2 million of fresh capital, new offices in Portland, and strong growth plans. Then…
News
News
CEI Ventures raises $14.8M for its fifth fund
CEI Ventures launched its fifth fund this month, raising $14.85 million from 32 accredited investors. The fund, dubbed the Good Jobs Fund, will focus…
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Maine investors profit from investment in Mass. biotech company
The Bangor Angels Fund and several members of the Maine Angels have received a return on their investments in Siamab Therapeutics, a Massachusetts-based biopharmaceutical…
Funding
Hyperlite Mountain Gear raises Series B of $4M from Connecticut firm
Hyperlite Mountain Gear, the Biddeford-based manufacturer of high performance, lightweight backpacking gear and accessories, has raised $4 million from T-Street Capital, a growth equity…
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Maine Center for Entrepreneurs launches biotech accelerator
The Maine Center for Entrepreneurs has launched a new business accelerator program specifically for biotech, life sciences and medical device companies. The BioStartup program…
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IDEXX founder donates $500K to USM for creation of innovation fellowship
David Shaw, an entrepreneur and investor who founded IDEXX Laboratories in 1983, and his family have donated $500,000 to the University of Southern Maine…
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Maine Angels grow membership, invest $3.3M in 2020
Despite the pandemic and the myriad challenges it presented, Maine Angels is reporting a positive year in terms of deals, membership, and overall health…
Funding
KinoTek raises $600K in pre-seed round
KinoTek Inc, a digital health technology company using AI and computer vision to improve movement analysis, has raised $600,000 in its first round of…
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LaunchPad pitch competition back after year-long break due to COVID-19
Gorham Savings Bank has announced the return of the LaunchPad business pitch competition after being forced to cancel the 2020 competition due to COVID-19.…