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The Venture Codex

Maine Technology Institute

8 Venture Avenue, Brunswick Landing, Brunswick, ME, 04011, United States

Overview

Invests in technology R&D to generate jobs and market innovations.

Founded

1999

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

United States

Sector focus

EdTech
Education
Higher Education
Information Technology

Investment portfolio

9rounds
NAMEDATESIZE
Bluesonde Technologies
Sep 2026Participated
$2 MSeed
bluShift Aerospace
Jun 2024Participated
$2 MSeed
Vertical Harvest
Apr 2024Participated
$59 MDebt
Pumpspotting
Sep 2023Participated
$2 MSeed
Defendify
Aug 2022Participated
$3 MOther Equity
HighByte
Mar 2020Participated
$0.87 MOther Equity
Defendify
Jan 2020Participated
$2 MSeed
Wallit
Sep 2019Participated
$3 MSeed
Defendify
Jun 2019Participated
$2 MSeed
Bluesonde Technologies
Sep 2026Participated
$2 MSeed
bluShift Aerospace
Jun 2024Participated
$2 MSeed
Vertical Harvest
Apr 2024Participated
$59 MDebt
Pumpspotting
Sep 2023Participated
$2 MSeed
Defendify
Aug 2022Participated
$3 MOther Equity
HighByte
Mar 2020Participated
$0.87 MOther Equity
Defendify
Jan 2020Participated
$2 MSeed
Wallit
Sep 2019Participated
$3 MSeed
Defendify
Jun 2019Participated
$2 MSeed
9
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Maine Technology Institute: 9 funding rounds are recorded in the selected participation categories.All available history.
Maine Technology Institute: 9 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed06
Other Equity02
Debt01

Monthly Deal Activity

Maine Technology Institute: 9 deals are recorded across 89 months.All available history.
Maine Technology Institute: 9 deals are recorded across 89 months. All available history
MonthDeals
Jun '191
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Maine Technology Institute: Cybersecurity & Privacy is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Maine Technology Institute: Cybersecurity & Privacy is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Cybersecurity & Privacy3
Enterprise Software2
Professional Services2
Clean Energy & Sustainability2
Social & Community Platforms2
Networks, Cloud & Communication1
Marketing & Advertising1
Hardware & Robotics1
Fintech1
Health & Life Sciences1
Food & Agriculture1
Space & Frontier Tech1

Deal Size Distribution

Maine Technology Institute: 9 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Maine Technology Institute: 9 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Maine Technology Institute: United States has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Maine Technology Institute: United States has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
United States9
Maine Technology Institute: 20 co-investors are shown, with Maine Venture Fund sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Maine Technology Institute: 20 co-investors are shown, with Maine Venture Fund sharing 4 recorded deals. All available history
Co-investorShared deals
Maine Venture Fund4
3dot6 Ventures3
FreshTracks Capital2
Wasabi Ventures2
York IE2
BlueIO1
BoxOne Ventures1
Coastal Ventures1
Corsair Venture Partners1
Crossroads Impact Corp1
Efficiency Maine Green Bank1
Enhanced Capital1
Finance Authority of Maine1
Late Stage Capital1
Madison One CUSO1
Mendoza Ventures1
Momenta1
NOAA1
Nuveen1
Opus Ventures1

Investment Strategy

Maine Technology Institute: Led accounts for 0% and participating for 100% of round participation.All available history.
Maine Technology Institute: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating9100%
Maine Technology Institute: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Maine Technology Institute: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Benjamin Welbourn

Business Consultant - Maine Entrepreneurial Resource Corps (MERC)

Catherine Marin

Portfolio Manager

Joseph Migliaccio

Director

Shane Beckim

Investment Officer