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CEI Ventures

Impact investor

Brunswick · Seed–Late Stage · 18 people tracked

Also known as CEI VENTURES, INC.

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Investment thesis

For nearly three decades, CEI Ventures has invested in growth-oriented businesses that create good jobs in communities overlooked by traditional venture capital. The firm targets companies that pay a living wage, provide basic benefits, and maintain fair, engaging workplaces with opportunities for training and advancement. It seeks to invest where capital is scarce but the potential for both financial return and social impact is strong. CEI Ventures treats investments as collaborative partnerships, contributing capital alongside active involvement, and works with its parent company, CEI, to bring workforce development specialists and environmental, technical, and consulting support to portfolio companies.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
Check
$1M – $4M
HQ
Brunswick, Maine, US
Instruments
Equity
Founded
1996
AUM
$67M
VC funds
4
Tracked investments
57

Team · 18 people

from the firm's website & public directories
Betsy Biemann· CEO, Coastal Enterprises, Inc. (CEI)in

Board member; CEO of Coastal Enterprises, Inc.

Blake Trippet· Chief New Markets Officer, MetaFund Corporationin

Board member; chief new markets officer at MetaFund Corporation.

Bruce G Nickerson, CPA· Chief Financial Officer, Cross Insurancein

Advisory board member; CFO of Cross Insurance.

Carlos R. Mello· Chief Executive Officer, Finance Authority of Mainein

Board member; CEO of the Finance Authority of Maine.

Colin March· Commercial Banking Sales Leader – Maine, Key Bank N.Ain

Advisory board member; commercial banking sales leader for Maine at Key Bank.

Corson “Corky” Ellis· Entrepreneur

Board member and entrepreneur.

Dana Myles· Regional Vice President, Commercial Lender at Norway Savings Bankin

Advisory board member; regional vice president and commercial lender at Norway Savings Bank.

Elizabeth R. Butler· General Counsel, Butler Law Offices LLCin

Board member; general counsel at Butler Law Offices LLC.

John C Everett IV· Former Senior Vice President, Camden National Bank

Advisory board member; former senior vice president at Camden National Bank.

Miriam L. Shark· Independent Consultant, Miriam L. Shark Consulting LLCin

Board member and independent consultant.

Uche Osuji· Managing Director, Arctaris Impact Investorsin

Board member; managing director at Arctaris Impact Investors.

What they invest in

from 35 of 57 portfolio companies

Advanced Manufacturing ×10SaaS ×8Enterprise Software ×6AI & Machine Learning ×5Healthtech ×4Consumer ×3Data & Infrastructure ×3Deep Tech ×3

HQs:United States×26

Investments · 57 tracked

founders shown can be your intro path

By year:2024 · 12021 · 12017 · 13 dated

88Acres88acres.com
Aqua Vitea

Advanced ManufacturingSalisbury, US

Jeffrey Weaber(Executive Officer, Director)

Barharborfoodsbarharborfoods.com
Beaconkitsbeaconkits.comin

Beacon Analytical Systems manufactures ELISA immunoassay test kits for detection of toxins, contaminants, antibodies, antigens, and chemical compounds.

BiotechSaco, US

BlueTraceblue-trace.comin
Capitalonecapitalone.com

Capital One is a financial services company that offers credit cards, checking and savings accounts, auto financing, and business banking products to consumers and small businesses.

Enterprise SoftwareFintechRichmond, US

Certifycertify.comin𝕏
Circa Labswearecirca.comin

FintechPropTechBridgeport, US

Citysoftcitysoft.com
Clickshareclickshare.com

ClickShare provides authentication and access control software for digital content, including single sign-on, metered-access paywalls, and circulation system integration across websites, tablets, and mobile devices.

SaaS

Coastofmainecoastofmaine.com
Constantconstant.ai
Coursestormcoursestorm.comin

CourseStorm provides a class registration and management platform designed for arts centers, community education organizations, and training programs.

EdTechSaaSOrono, US

Matthew James(Executive Officer, Director)Elizabeth Peters(Director)Brian Rahill(Executive Officer, Director)

Cuddledowncuddledown.com
Culture Fresh Foods

Advanced ManufacturingNaugatuck, US

Soren Oberg(Director)Thomas Moffitt(President/CEO/Director/Founder)Brett Lauer(Director)Dimitri Pappas(Director)Michael Franchina(Executive Officer)Thomas Moffit(President/CEO/Director/Founder of Culture Fresh Foods, Inc.)

Custombannercustombanner.com𝕏

Custom Banner is a wholesale print provider specializing in printed vinyl and fabric products for graphic professionals.

Advanced ManufacturingRochester, US

Defendifyin𝕏

CybersecurityPortland, US

T. Andrew Rinaldi(Executive Officer, Director)Rob Simopoulos(Executive Officer, Director)

BoardNorman Mentz(Director)Joe Raczka(Director)Jerry King(Director)

Definition6definition6.comin

Bridgenext helps companies integrate their revenue and data infrastructure into a coordinated system that drives growth outcomes.

AI & Machine LearningData & InfrastructureEnterprise Software

Dinewisedinewise.com

Ande handles logistics operations including booking and budget management for event or hospitality organizations, allowing staff to focus on customer experience rather than administrative tasks.

Enterprise SoftwareLogistics & Supply Chain

Dreamlocaldreamlocal.comin𝕏

Dream Local Digital provides digital marketing services including SEO, social media, web design, and paid advertising to help businesses grow.

Marketing TechSaaSRockland, US

Robert Kelley(Director)Shannon Kinney(Director, Promoter)

Ektronektron.com
Ephesoftin𝕏Jun 2017

Tungsten Automation (formerly Kofax) provides AI-enabled intelligent automation software, including document intelligence and workflow orchestration, for enterprise customers globally.

AI & Machine LearningEnterprise SoftwareSaaSLaguna Hills, US

Montgomery Kersten(Director)Ilker Kavas(Chief Financial Officer & Secretary)Donald Field(President & CEO)Peter Hantman(Chief Executive Officer)Robert Watson(Chief Financial Officer)Mike Verdeyen(Chief Technology Officer)

Galatea Biogalatea.bioAug 2024

HealthtechMiami Lakes, US

Carlos D. Bustamante(Executive Officer, Director)Alexander Ioannidis(Director)Arthur Polk(Executive Officer)

BoardWale Ayeni(Director)Mohit Kaushal(Director)Nicholas Katsanis(Director)

Gelato Fiasco

Brunswick, US

John Moore(Director)Nathaniel Henshaw(Director)Bruno Tropeano(Executive Officer, Director)Joshua K Davis(Executive Officer, Director)Richard J McGoldrick(Director)

Geniconendogeniconendo.com
Goodto Gogoodto-go.com
HighBytehighbyte.comin𝕏

HighByte builds the HighByte Intelligence Hub, an industrial DataOps software product that solves data architecture and integration problems for manufacturing and industrial operations.

Advanced ManufacturingData & InfrastructureIoTPortland, US

Anthony Paine(Executive Officer, Director)Megan Buntain(Director)Seth Lawry(Director)Scott Harden(Director)Torey Penrod-Cambra(Chief Communications Officer)inJohn Harrington(Chief Product Officer)in

Hyperlite Mountain Gear

Biddeford, US

Michael St. Pierre(Executive Officer, Director)

Junoraltdjunoraltd.comin

Junora manufactures sputtering targets and related materials using proprietary bonding and Flipcasting technologies for defense, optical, energy, and glass industries.

Advanced ManufacturingDeep TechNew Materials

Maine Craft Distilling

Advanced ManufacturingConsumerFoodTechPortland, US

David Barber(Director)Nathaniel L. Davidson(Executive Officer, Director)Stephen Goldberg(Director)Peter M. Murray(Executive Officer, Director)

Mainetrailermainetrailer.com
MedRhythmsmedrhythms.comin𝕏

MedRhythms develops digital therapeutics using music, sensors, and software combined with neuroscience to improve walking and mobility in patients with neurological conditions including stroke, multiple sclerosis, and Parkinson's disease.

AI & Machine LearningDigital HealthMedical DevicesBoston, US

Brian Harris(Co-Founder and CEO)Owen McCarthy(Executive Officer, Director)Raymond Pawlicki(Director)Musan Duric(Director)

BoardWilliam McKee(Director)Isaac Cheng(Director)

Mingleanalyticsmingleanalytics.comin

Mingle Analytics provides tools and consulting services to healthcare providers for aggregating electronic health record data, analyzing clinical performance metrics, and optimizing quality reporting and reimbursement under MIPS and ACO programs.

Enterprise SoftwareHealthtechSaaS

Mobile Price Cardmobilepricecard.com

Mobile Price Card provides software for retailers to manage and display content on in-store digital screens through a centralized dashboard, enabling control over pricing, promotions, and merchandising messaging.

Retail TechBangor, US

Chad O'Leary(Executive Officer, Director)Kevin Downs(Executive Officer, Director)

Mother of Factmotheroffact.comin

Mother of Fact provides dietitian-led nutrition care for women through a HIPAA-secure telehealth platform, offering 1:1 support for fertility, pregnancy, gestational diabetes, weight management, and menopause.

Digital HealthFemTechHealthtechWellness & FitnessSunapee, US

NativeEnergynativeenergy.comin𝕏

Native Energy helps organizations activate climate solutions and manage residual carbon emissions through validated climate action projects.

Climate TechImpact & Social Good

Nextmarknextmark.com
Northsporenorthspore.com
Ogeeogee.com

Advanced ManufacturingBurlington, US

Abbott Stark(Executive Officer, Director)Mark Rice(Executive Officer, Director)Alex Stark(Executive Officer, Director)

Ourpeopleourpeople.cominDec 2021

OurPeople is a communication platform that enables organizations to send secure text messages to frontline and deskless workers.

Enterprise SoftwareFuture of WorkHR TechPortland, US

Robert Neveu(Treasurer)Ross McCaw(CEO)Russell Crisp(VP)

Penbaysolutionspenbaysolutions.com
Picturerockstepsolutions.comin

Instem provides SaaS platforms for life sciences R&D organizations, including data management, predictive analytics, study management, regulatory submission, and clinical trial analytics tools.

BiotechData & InfrastructureSaaS

Pika Energypika-energy.com

Builds clean power solutions using advanced DC nanogrids to capture, manage and distribute renewable energy.

EnergyWestbrook, US

Catherine York(Director)Joshua Kaufman(Executive Officer, Director)Benjamin Polito(Executive Officer, Director)Paul Farrow(Director)

BoardBengt Karlsson(Director)

Professionalmarinerprofessionalmariner.com𝕏

Professional Mariner is a media and news publication covering the maritime industry, including shipping, tugboats, ferries, and marine trades.

Media & Entertainment

Qmbqmb.ai

QMB provides AI-driven regulatory intelligence and compliance automation for medical device companies, helping accelerate FDA submissions and new product development.

AI & Machine LearningMedical DevicesSaaS

Reddbarreddbar.com
Redzonewirelessredzonewireless.comin

Redzone Wireless provides fixed wireless internet and mobile phone service to rural and remote areas of Maine, including islands and back roads.

ConsumerMobility & TransportationRockland, US

Rusticcrustrusticcrust.com
Sciapssciaps.comin𝕏

SciAps manufactures handheld portable analytical instruments for elemental analysis across industrial sectors, using laser-induced breakdown spectroscopy (LIBS) and X-ray fluorescence (XRF) technologies.

Advanced ManufacturingDeep TechHardwareWoburn, US

Christopher F. Davis(Director)Daniel Penberthy(Director)David Day(Director)Jeffrey Burke(Director)William Clarke(Director)Donald W. Sackett(Executive Officer, Director)

Sensciosensciosystems.com

Senscio operates an Intelligent Care Continuity System that monitors clinically complex populations between medical encounters to detect health changes early and coordinate interventions.

AI & Machine LearningDigital HealthHealthtech

Smartpakequinesmartpakequine.com𝕏

SmartPak Equine is an e-commerce retailer that sells supplements and other products for horses.

ConsumerE-commerce

Solerassoleras.comin

Soleras develops sputtering technology and thin film coating solutions for manufacturers across multiple markets.

Advanced ManufacturingDeep Tech

Tanbarkmfptanbarkmfp.comin

Tanbark manufactures molded fiber parts and packaging using a proprietary thermoforming process (Type 3), serving businesses in food, medical, consumer goods, and packaging industries.

Advanced ManufacturingCircular EconomyNew Materials

Tilsontechtilsontech.com
Unchained Labsunchainedlabs.comin𝕏

Pleasanton, US

Heather Preston(Director)Tim Harkness(Executive Officer, Director)Jason Novi(Executive Officer)Joe Keegan(Director)Jack Nielsen(Director)

BoardBrent Ahrens(Director)

Vetrofibermapvetrofibermap.comin𝕏

VETRO FiberMap provides a network management platform for broadband operators to design, build, and monetize fiber networks.

SaaSPortland, US

Michaela Goodwin(Executive Officer)William S Mitchell(Executive Officer, Director)G Corson Ellis(Director)Joshua Broder(Director)Frank Governali(Resigned May 21, 2021)Sean Myers(Executive Officer, Director)

Worldharborsworldharbors.com

Portfolio news

latest coverage across their companies
MedRhythms, Inc. Raises $3 | SignalBase

MedRhythms · trysignalbase.com · Mar 9, 2026

Frequently asked questions

What stage does CEI Ventures invest at?
CEI Ventures invests at the Seed, Series A, Series B, Series C, Late Stage stages.
What is CEI Ventures's typical check size?
CEI Ventures typically writes checks of $1M – $4M.
What sectors does CEI Ventures focus on?
CEI Ventures focuses on Biotech, Cleantech, Climate Tech, Consumer, Data & Infrastructure, Energy, Enterprise Software, Fintech, FoodTech, Hardware, Healthtech, Impact & Social Good, Media & Entertainment, Retail Tech, SaaS, Sector Agnostic.
Where is CEI Ventures located?
CEI Ventures is headquartered in Brunswick, US.

Media · Podcasts & interviews

from their channel

Assessing Kitchen Fit For Your Food Business

Coastal Enterprises, Inc. (CEI)

What's a "Sources & Uses," and why do I need one for a loan?

Coastal Enterprises, Inc. (CEI)

Meet the Inspectors: A Food Business Town Hall

Coastal Enterprises, Inc. (CEI)

Tariff Update: IEEPA Refunds, Maine Business Impacts & Changes

Coastal Enterprises, Inc. (CEI)

Pricing Part 1: Internal Pricing with COGS Benchmarks and Breakeven Analysis

Coastal Enterprises, Inc. (CEI)

Pricing Part 2: External Pricing with Value Proposition and Marketing Outreach

Coastal Enterprises, Inc. (CEI)

Images

CEI Ventures photoCEI Ventures photoCEI Ventures photoCEI Ventures photo

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