Maine Venture Fund
Government fundNewport · Seed–Series B
Investment thesis
Established by the Maine State Legislature, Maine Venture Fund provides equity capital to Maine companies with strong growth and impact potential. The fund emphasizes efficient diligence, active partnership after investments close, and collaboration with co-investors to fill out fundraising rounds. It positions itself as a resource for entrepreneurs even when equity is not the right fit, directing them to alternative funding options. MVF also works with accelerators, institutions, and regional partners to strengthen Maine's startup ecosystem and connect founders with needed resources.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 2 of 2 portfolio companiesAI & Machine Learning ×2Cleantech ×1Climate Tech ×1Digital Health ×1Enterprise Software ×1Healthtech ×1IoT ×1SaaS ×1
HQs:United States×2
Investments · 2 tracked
founders shown can be your intro path
Kinotek develops technology to measure movement health, providing fast, affordable, and understandable assessments so that professionals can help people maintain mobility.
AI & Machine LearningDigital HealthHealthtechSaaSSports TechPortland, US
David Holomakoff(Founder, Chief Product Officer)Hafner Justin(Manager)Joey Spitz(Chief Revenue Officer)Patricia Panaia(Executive Officer, Director)Pat Panaia(Chief Executive Officer)Dan Lesko(Chief Technology Officer)
Revert provides smart plugs that use AI to automatically manage power consumption of commercial equipment based on usage patterns and utility rates, reducing phantom load for schools and businesses.
AI & Machine LearningCleantechClimate TechEnterprise SoftwareIoTJersey City, US
Yuan Ryan Li(Executive Officer, Director, Promoter)
Co-investorsTechstars
Frequently asked questions
- What stage does Maine Venture Fund invest at?
- Maine Venture Fund invests at the Seed, Series A, Series B stages.
- What is Maine Venture Fund's typical check size?
- Maine Venture Fund typically writes checks of $100K – $300K.
- What sectors does Maine Venture Fund focus on?
- Maine Venture Fund focuses on Impact & Social Good, Sector Agnostic.
- Where is Maine Venture Fund located?
- Maine Venture Fund is headquartered in Newport, US.
- Does Maine Venture Fund lead rounds?
- Maine Venture Fund typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamStartup Boards: Forming and Serving with the Maine Venture Fund feat. Joe Powers and John Burns
Association for Consulting Expertise · Joe Powers
Images
Similar investors
Collaborative Fund is a venture capital firm that backs entrepreneurs building category- and culture-defining brands, products, and services across consumer, health, energy, and access-to-capital themes.
idacapital invests in scalable, high-growth companies that address societal and environmental challenges while pursuing financial returns. It targets ventures with disruptive ideas going after large or underserved market opportunities.
Innovestor is a Finnish investment manager active in venture capital, real estate, and energy storage, and also provides corporate venturing services.
Lerer Hippeau is an early-stage venture capital firm that backs founders across sectors, emphasizing investing in companies before they gain wider recognition.
Partech is a global investment firm that backs founders across multiple continents and at every stage through dedicated teams and funds.