Maine Venture Fund

The Maine Venture Fund (MVF) is a dedicated venture capital fund established by the Maine Legislature in 1997 with the explicit mission to foster economic growth and job creation within the state. As a professionally managed fund, MVF strategically invests in promising Maine-based companies that demonstrate high growth potential, aiming to help them scale and succeed. Its investment focus spans a diverse range of sectors, including technology, biotechnology, manufacturing, and consumer products, reflecting the varied entrepreneurial landscape of Maine.

MVF primarily seeks companies with strong management teams, proprietary technologies or unique business models, and significant market opportunities. The fund plays a crucial role in providing early-stage and growth capital to businesses that might otherwise struggle to secure funding within the region. Beyond capital, MVF also offers strategic assistance and guidance to its portfolio companies, leveraging its network and experience to support their development.

Since its inception, the Maine Venture Fund has made a substantial impact on the state's economy, having invested over $40 million across more than 100 Maine companies. For initial investments, MVF typically provides capital ranging from $250,000 to $1,000,000. These first checks are often followed by additional investments as companies achieve milestones and require further capital for expansion, underscoring MVF's long-term commitment to its portfolio and the economic vitality of Maine.