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The Venture Codex

Maine Venture Fund

Newport, ME, 04953, United States

Overview

Venture capital fund investing in high-growth Maine companies.

Founded

1995

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

New Zealand
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

14rounds
NAMEDATESIZE
Kinotek
Jan 2026Led
$2 MSeed
HighByte
Apr 2024Participated
$12 MSeries A
Pumpspotting
Sep 2023Led
$2 MSeed
Vetro
Mar 2023Led
$7 MOther Equity
BlueTrace
Feb 2023Led
$3 MSeed
Defendify
Aug 2022Led
$3 MOther Equity
Circa
Apr 2022Participated
$2 MOther Equity
HighByte
Dec 2021Participated
$4 MSeed
Kinotek
Oct 2021Participated
$2 MSeed
Pumpspotting
Aug 2021Participated
$1 MSeed
HighByte
Mar 2020Participated
$0.87 MOther Equity
Defendify
Jan 2020Participated
$2 MSeed
Kinotek
Jan 2026Led
$2 MSeed
HighByte
Apr 2024Participated
$12 MSeries A
Pumpspotting
Sep 2023Led
$2 MSeed
Vetro
Mar 2023Led
$7 MOther Equity
BlueTrace
Feb 2023Led
$3 MSeed
Defendify
Aug 2022Led
$3 MOther Equity
Circa
Apr 2022Participated
$2 MOther Equity
HighByte
Dec 2021Participated
$4 MSeed
Kinotek
Oct 2021Participated
$2 MSeed
Pumpspotting
Aug 2021Participated
$1 MSeed
HighByte
Mar 2020Participated
$0.87 MOther Equity
Defendify
Jan 2020Participated
$2 MSeed
14
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Insights

Time horizon

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Deal Distribution

Maine Venture Fund: 14 funding rounds are recorded in the selected participation categories.All available history.
Maine Venture Fund: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed34
Series A11
Other Equity23

Monthly Deal Activity

Maine Venture Fund: 14 deals are recorded across 121 months.All available history.
Maine Venture Fund: 14 deals are recorded across 121 months. All available history
MonthDeals
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
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 '211
Sep '210
Oct '211
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '231
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 '240
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 '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Maine Venture Fund: Enterprise Software is the largest displayed sector by deal count (5 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 Venture Fund: Enterprise Software is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Enterprise Software5
Education & Workforce4
Health & Life Sciences4
Consumer & Lifestyle2
Cybersecurity & Privacy2
Food & Agriculture2
Social & Community Platforms2
Hardware & Robotics1
Fintech1
E-Commerce & Retail1
Real Estate & Construction1

Deal Size Distribution

Maine Venture Fund: 14 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 Venture Fund: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M1
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Maine Venture Fund: United States has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Maine Venture Fund: United States has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
United States13
New Zealand1
Maine Venture Fund: 20 co-investors are shown, with Maine Technology Institute 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 Venture Fund: 20 co-investors are shown, with Maine Technology Institute sharing 4 recorded deals. All available history
Co-investorShared deals
Maine Technology Institute4
CEI Ventures3
York IE3
3dot6 Ventures2
FreshTracks Capital2
Momenta2
Opus Ventures2
Wasabi Ventures2
Bridge Angel Investors1
Coastal Ventures1
Exposition Ventures1
Hub Angels1
Lake Nona Fund1
Launchpad Venture Group1
LearnLaunch1
Maine Angels1
MooDoos Investments1
Punchbowl1
Resolve Growth Partners1
SeaAhead1

Investment Strategy

Maine Venture Fund: Led accounts for 43% and participating for 57% of round participation.All available history.
Maine Venture Fund: Led accounts for 43% and participating for 57% of round participation. All available history
CategoryDeals (count)Share (%)
Led643%
Participating857%
Maine Venture Fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Maine Venture Fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead350%
Co-led350%

Team

Desmond FitzGerald

EIR

Elizabeth Chabe

Director

Jayme Okma Lee

Investment Manager

Stephen K. Smith

SEGB Chair

Terri Wark

Fund Administrative Associate