Maine Venture Fund - aVenture Asset Manager Research
Location
Newport, ME, US
Founded
1995
Maine Venture Fund (MVF) is a venture capital fund created by the Maine Legislature in 1995 and actively investing in Maine companies since 1997. It makes equity investments in Maine-based businesses with high growth and public benefit potential, typically writing initial checks around $100,000 and investing alongside co-investors through priced equity, convertible notes, SAFEs, or venture debt.
MVF operates as an evergreen revolving fund and has deployed more than $56 million across over 250 deals into more than 65 portfolio companies. The fund is governed by an eleven-member Small Enterprise Growth Board and managed by a team led by Senior Managing Director Joe Powers, Managing Director Nina Scheepers, and Operations Manager Terri Wark.
Maine Venture Fund - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
