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Maine Angels

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 133
Average round size
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The average size of a deal this fund participated in
$783K
Portfolio companies 68
Rounds per year 6.33
Lead investments 0
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.49
Exits 5
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Health Care
  • Biotechnology
  • Medical Device
  • Manufacturing
  • Software
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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Maine Angels:
Typical Co-investors
Maine Angels is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Maine Angels:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Pumpspotting

Child Care
Communities
Mobile Apps
$1M12 Aug 2021 Maine, United States

TOP

Organic
Retail
Women's
$2M11 Aug 2021 Massachusetts, United States

Xeno Biosciences, Inc.

Biotechnology
Pharmaceutical
$7M08 Aug 2021 Massachusetts, United States

American Unagi

Aquaculture
$4M06 Aug 2021 -

Pumpspotting

Child Care
Communities
Mobile Apps
$582K10 Apr 2020 Maine, United States

Reconnect

Information Technology
Public Safety
01 Jan 2019 Maine, United States

NBT Solutions

Consulting
Internet
Mapping Services
Software
$773K13 Jul 2017 Portland, Maine, United States

Unruly Studios

Computer
Education
Gaming
iOS
01 Jan 2017 Boston, Massachusetts, United States

CourseStorm

E-Learning
Education
Information Technology
Software
$760K20 Oct 2016 Maine, United States
News
pumpspotting Raises $1.15M in Funding

– pumpspotting, a Kittery, Maine-based community-driven breastfeeding support platform, raised $1.15M in seed funding.
– The round was led by MooDoos Investments, with participation from Maine Venture Fund, Maine Angels, Launchpad Venture Group, Opus Ventures, Crystal McKellar and strategic investor Punchbowl, Inc.
– The company intends to use the funds to accelerate growth in the B2B channel.

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Total investments 133
Average round size 783K
Rounds per year 6.33
Peak activity year 2014
Lead investments 0
Follow on index 0.49
Exits 5
Group Appearance index 0.29

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Pumpspotting

Child Care
Communities
Mobile Apps
$1M12 Aug 2021 Maine, United States

TOP

Organic
Retail
Women's
$2M11 Aug 2021 Massachusetts, United States

Xeno Biosciences, Inc.

Biotechnology
Pharmaceutical
$7M08 Aug 2021 Massachusetts, United States

American Unagi

Aquaculture
$4M06 Aug 2021 -

Pumpspotting

Child Care
Communities
Mobile Apps
$582K10 Apr 2020 Maine, United States

Reconnect

Information Technology
Public Safety
01 Jan 2019 Maine, United States

NBT Solutions

Consulting
Internet
Mapping Services
Software
$773K13 Jul 2017 Portland, Maine, United States

Unruly Studios

Computer
Education
Gaming
iOS
01 Jan 2017 Boston, Massachusetts, United States

CourseStorm

E-Learning
Education
Information Technology
Software
$760K20 Oct 2016 Maine, United States
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