WEX, a Portland-based payments-solution provider and one of Maine’s few publicly traded companies, has launched a new corporate venture arm to invest in startups…
venture capital
News
Maine Angels invests $4M in 16 companies in 2021
The Maine Angels, a group of accredited investors who pool their resources to invest in and mentor early-stage companies, invested $4 million in 16…
Funding
VETRO Inc. raises $12M to scale broadband mapping SaaS platform
VETRO Inc., the Portland-based developer of cloud-based broadband mapping and fiber management software for the telecommunications industry, has raised a $12 million round as…
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…
Funding
Friday raises $2.1M in round led by Bessemer Venture Partners
​Friday, the Portland-based startup building software for remote teams, announced today it has raised $2.1 million in an equity round led by Bessemer Venture…
Commentary
Has Silicon Valley Big Shot Chris Sacca invested in a Maine startup?
[Editor’s note: The original version of this commentary was published in MSI Newsletter #214 on Sept. 10, 2020. This is a slightly updated version.]…
News
Maine Angels raises $2.4M fund to invest in startups
The Maine Angels announced this week it has raised $2.4 million from local angel investors to create a pooled investment fund to invest in…
Funding
Maine companies raise nearly $8M in 3Q 2018
Maine companies raised roughly $7.9 million in venture capital in 10 deals during the third quarter, according to data collected and analyzed by Maine…
News
New VC firm raising ‘first-of-its-kind’ fund to invest in Maine
A new venture capital firm based in Portland is raising a $10 million fund to make seed investments in early-stage, primarily Maine-based companies. It…