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Maine Technology Institute

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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 658
Average round size
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The average size of a deal this fund participated in
$236K
Portfolio companies 260
Rounds per year 26.32
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.60
Exits 11
Key employees 2
Stages of investment
Debt
Grant

Areas of investment

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

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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Typical Co-investors
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

bluShift Aerospace

$1M04 Jun 2024 -

Pumpspotting

Child Care
Communities
Mobile Apps
$2M06 Sep 2023 Maine, United States

KinoTek

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

Friday

Boating
Developer Tools
Information Technology
Leisure
Software
Tourism
$2M21 Nov 2020 South Portland, Maine, United States

Defendify

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

Five Towns CSD/MSAD #28

Education
$1K01 Jan 2020 Camden, Maine, United States

Wallit

Finance
FinTech
Information Technology
$2M16 Sep 2019 Westbrook, Maine, United States

Defendify

Cyber Security
Network Security
SaaS
Security
Software
$1M19 Jun 2019 Portland, Maine, United States

CourseStorm

E-Learning
Education
Information Technology
Software
$1M08 Feb 2019 Maine, United States

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Total investments 658
Average round size 236K
Rounds per year 26.32
Peak activity year 2017
Lead investments 5
Follow on index 0.60
Exits 11
Group Appearance index 0.03

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

bluShift Aerospace

$1M04 Jun 2024 -

Pumpspotting

Child Care
Communities
Mobile Apps
$2M06 Sep 2023 Maine, United States

KinoTek

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

Friday

Boating
Developer Tools
Information Technology
Leisure
Software
Tourism
$2M21 Nov 2020 South Portland, Maine, United States

Defendify

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

Five Towns CSD/MSAD #28

Education
$1K01 Jan 2020 Camden, Maine, United States

Wallit

Finance
FinTech
Information Technology
$2M16 Sep 2019 Westbrook, Maine, United States

Defendify

Cyber Security
Network Security
SaaS
Security
Software
$1M19 Jun 2019 Portland, Maine, United States

CourseStorm

E-Learning
Education
Information Technology
Software
$1M08 Feb 2019 Maine, United States
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