Maine Angels

Total investments

134

Average round size

782K

Portfolio companies

68

Rounds per year

6.38

Follow on index

0.49

Exits

5

Stages of investment
SeedEarly Stage Venture
Areas of investment
BiotechnologySoftwareInformation TechnologyFood and BeverageHealth CareEducationManufacturingMedical DeviceMedicalTherapeutics

Summary

In 2003 was created Maine Angels, which is appeared as Corporate Investor. The venture was found in North America in United States. The main office of represented Corporate Investor is situated in the Portland.

Besides, a startup needs to be aged 4-5 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no exact preference in some founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. Among the most popular fund investment industries, there are Financial Services, Education. Among the most popular portfolio startups of the fund, we may highlight ezCater, Cognition Therapeutics, SQZ Biotech.

The fund is constantly included in 7-12 deals per year. The high activity for fund was in 2014. This Maine Angels works on 26 percentage points less the average amount of lead investments comparing to the other organizations. The usual things for fund are deals in the range of 100 thousands - 1 million dollars.

Besides them, we counted 2 critical employees of this fund in our database.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the Maine Angels, startups are often financed by Beta Fund, MassChallenge, LaunchPad Venture Group. The meaningful sponsors for the fund in investment in the same round are LaunchPad Venture Group, Maine Venture Fund, Beta Fund. In the next rounds fund is usually obtained by LaunchPad Venture Group, Beta Fund, Tech Coast Angels.

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Investments analytics

Analytics

Total investments
134
Lead investments
0
Exits
5
Rounds per year
6.38
Follow on index
0.49
Investments by industry
  • Health Care (34)
  • Biotechnology (27)
  • Medical Device (19)
  • Software (19)
  • Manufacturing (18)
  • Show 118 more
Investments by region
  • United States (131)
Peak activity year
2014
Number of Unicorns
1
Number of Decacorns
1

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Quantitative data

Avg. startup age at the time of investment
12
Avg. valuation at time of investment
22M
Group Appearance index
0.29
Avg. company exit year
8

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
CourseStorm 20 Oct 2016 Software, Information Technology, E-Learning, Education Early Stage Venture 760K United States, Maine
Mast Kalandar 03 Dec 2012 Food Processing, Delivery, Hospitality Late Stage Venture 6M Karnataka, India, Bengaluru
Xeno Biosciences, Inc. 08 Aug 2021 Biotechnology, Pharmaceutical Early Stage Venture 7M United States, Massachusetts

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How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.