Maine Technology Institute

Investor type Government Office


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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.
Total investments 318
Average round size
The average size of a deal this fund participated in
Portfolio companies 152
Rounds per year 13.83
Lead investments 4
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 3
Key employees 2
Stages of investment

Areas of investment

  • Information Technology
  • Manufacturing
  • Software
  • Health Care
  • Biotechnology

In 1999 was created Maine Technology Institute, which is appeared as VC. The main department of described VC is located in the Brunswick. The company was established in North America in United States.

The typical startup value when the investment from Maine Technology Institute is 10-50 millions dollars. The high activity for fund was in 2019. Deals in the range of 1 - 5 millions dollars are the general things for fund. The fund is constantly included in less than 2 deals per year. Considering the real fund results, this VC is 10 percentage points more often commits exit comparing to other organizations.

The usual cause for the fund is to invest in rounds with 2 partakers. Despite the Maine Technology Institute, startups are often financed by National Institutes of Health, Queen's University, Masthead Venture Partners. The meaningful sponsors for the fund in investment in the same round are Maine Venture Fund, CEI Ventures, York IE. In the next rounds fund is usually obtained by York IE, Will Herman, Wasabi Ventures.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the various public portfolio startups of the fund, we may underline The Jackson Laboratory, DAVO Technologies Moreover, a startup needs to be at the age of more than 20 years to get the investment from the fund. Among the most popular fund investment industries, there are Cyber Security, Apps.

We also calculated 2 valuable employees in our database.

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Related Funds

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Typical Co-investors
Maine Technology Institute is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Maine Technology Institute:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

True Fin Seafood

$1M30 Jul 2021 Portland, Maine, United States


Health Care
Life Science
$100K20 Apr 2021 Biddeford, Maine, United States

bluShift Aerospace

$200K01 Mar 2021 -


Health Care
Information Technology
Machine Learning
$600K17 Feb 2021 Portland, Maine, United States


Developer Tools
Information Technology
$2M21 Nov 2020 South Portland, Maine, United States

bluShift Aerospace

$100K06 Nov 2020 -


Information Technology
$250K26 Mar 2020 Portland, Maine, United States


Cyber Security
Network Security
$2M28 Jan 2020 Portland, Maine, United States

Farmhand Automation

$50K01 Jan 2020 Biddeford, Maine, United States


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