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…
John Burns
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…
Funding
90-year-old Portland company raises $670K in VC to pursue new SaaS product
Walch Education, a Portland-based publisher of educational materials, recently raised $670,000 to provide schools with a software platform to aid in DIY curriculum development.…
Funding
Academic Merit raises $600K to ramp up product development
Academic Merit, a Portland-based software company tackling the education technology space, has raised $600,000 from investors to help it ramp up product development and…
News
LePage proposes $500K annual appropriation for Maine Venture Fund
Tucked away in the proposed biennial budget Gov. Paul LePage released in January is an initiative to provide $500,000 a year to the Maine…
News
ARCOM buys InterSpec, yielding another exit for Maine Venture Fund
In early January, a Salt Lake City-based software company called ARCOM acquired InterSpec, a small, under-the-radar software firm in South Portland. InterSpec develops software and…
Funding
New report shows weak Q4 VC activity in Maine, but doesn’t tell whole story
Maine saw a single venture capital deal in the fourth quarter of 2016, mirroring a national weakening of VC activity in the last three…
News
Coast of Maine’s investment means exit for Maine Venture Fund, Coastal Ventures
A Massachusetts-based firm has made a substantial investment in Coast of Maine Organic Products, facilitating an exit for two of the Portland company’s early local…
News
LePage sends $50 million R&D bond to voters
Gov. Paul LePage signed a bill on April 15 that will give voters a chance to approve a $50 million bond that would provide…