REDD, the venture-backed energy bar company that’s based in Brunswick, has closed $1.3 million in debt financing, according to a recent filing with the…
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Funding
ORPC raises $7.5M to ramp up domestic and international business development efforts
Ocean Renewable Power Co., a Portland-based company focused on generating renewable energy from the world’s oceans and rivers, has raised $7.5 million to fund…
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MedRhythms reaches milestone as first medical device enters clinical trials
MedRhythms Inc., a Portland-based medical-device startup, has begun clinical trials of its first product, which combines music, wearable sensors, and artificial intelligence to help…
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KinoTek receives $60K MTI grant to accelerate product development
KinoTek, a software startup spun out of research done at the University of Maine, has received a grant of $60,000 from the Maine Technology…
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Reflecting on Failure: Why Rapport, the sustainability SaaS startup that won Rise of the Rest, shut down
Rapport, the Portland-based startup that developed software to help businesses track their sustainability efforts, has shut down operations. John Rooks, the company’s co-founder and…
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Scratchpad Accelerator names four companies to 2019 cohort
Scratchpad Accelerator, a startup-business accelerator in Bangor, has selected four companies for its fall 2019 cohort. The fall cohort, which gathered last week for…
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HighByte emerges from stealth mode with global beta product
HighByte, a Portland-based industrial software company, has emerged from stealth mode with its first product since being founded in August 2018. Earlier this week,…
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Maine Center of Entrepreneurs secures $50K SBA grant
The Maine Center for Entrepreneurs has received a $50,000 grant from the U.S. Small Business Administration to support startups and entrepreneurs researching and developing…
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Wallit raises $2.6M seed round to fuel growth
Wallit, a venture-backed financial technology startup in Westbrook, has raised $2.6 million in a new fundraising round as it continues to ramp up its…