Venture capital in Maine
2 venture firms are based in Maine, from SEC filings and the fund index. Below them are Maine’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices.
On this page: 2 venture firms 1 new fund 16 other sources of capital 9 LPs.
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Venture firms based in Maine
2 advisers that report a venture fund on Form ADV, largest estimated venture assets first, from the Venture Adviser Directory. Each one’s page has its funds and, where an LP reports holding them, its LPs.
| # | Adviser | Location | Venture funds | Private fund assets | Registered |
|---|---|---|---|---|---|
| 1 | Cei Ventures, Inc. Emerging | Brunswick | 4 | $33M | 2023 |
| 2 | Voltage Ventures LP Emerging | Portland | 1 | $18M | 2026 |
New funds raising from Maine
1 venture funds managed from Maine started raising in 2025 or later and filed a Form D since October 2025: managers with new money to invest. Amounts are as each fund’s latest Form D reports them, newest filing first.
| Fund | Manager | Started | Raised so far | Target | Latest filing |
|---|---|---|---|---|---|
| Voltage Ventures Fund I LP | Voltage Ventures LP | 2026 | $18M | — | July 10, 2026 |
Other sources of capital in Maine
7 community development lenders, 4 SBA lenders, 2 corporate pension plans, 2 SBICs, and 1 angel group. From public registers and what each organization publishes; see Capital Sources for every state.
| Source | Location | On the record |
|---|---|---|
| Maine Angels | ME | Membership organization of accredited investors that funds and mentors early-stage companies in New England, with an emphasis on Maine businesses. |
| Maine Medical Center Pension Plan | Portland | In partnerships and joint ventures: $180M |
| Unum Group Pension Plan | Portland | In partnerships and joint ventures: $98M |
| North Atlantic Venture Fund V, L.P. | Portland | Hybrid · Mezzanine |
| Stifel North Atlantic AM-Forward, LP | Portland | Hybrid · Venture |
| Coastal Enterprises, Inc. | Brunswick | Community development loan fund in Brunswick, ME, certified by the US Treasury’s CDFI Fund. |
| COMMUNITY CONCEPTS FINANCE CORPORATION | South Paris | Community development loan fund in South Paris, ME, certified by the US Treasury’s CDFI Fund. |
| Four Directions Development Corporation | Orono | Native community development loan fund in Orono, ME, certified by the US Treasury’s CDFI Fund. |
| Genesis Fund, Inc. | Brunswick | Community development loan fund in Brunswick, ME, certified by the US Treasury’s CDFI Fund. |
| MaineStream Finance | Bangor | Community development loan fund in Bangor, ME, certified by the US Treasury’s CDFI Fund. |
| Northern Maine Development Commission | Caribou | Community development loan fund in Caribou, ME, certified by the US Treasury’s CDFI Fund. |
| Southern Maine Finance Agency | Biddeford | Community development loan fund in Biddeford, ME, certified by the US Treasury’s CDFI Fund. |
| Bangor Savings Bank | Bangor | 7(a) loans approved, fiscal year 2026: $8.3M |
| Machias Savings Bank | Machias | 7(a) loans approved, fiscal year 2026: $7.5M |
| Maine Community Bank | Portland | 7(a) loans approved, fiscal year 2026: $13M |
| Northeast Bank | Lewiston | 7(a) loans approved, fiscal year 2026: $669M |
LPs based in Maine
Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.
| # | LP | Location | Venture funds | In venture funds | Total assets |
|---|---|---|---|---|---|
| 1 | John T Gorman Foundation | Portland | 6 | $27M | $224M |
| 2 | The Sandy River Charitable Foundation | Farmington | 4 | $1.5M | $38M |
| 3 | Robert and Patricia Switzer Foundation | Belfast | 2 | $559K | $21M |
| 4 | Onion Foundation | Auburn | 1 | $609K | $64M |
| 5 | The Kenneth Noland Foundation | Port Clyde | 1 | $78K | $44M |
| 6 | Elmina B Sewall Foundation | Freeport | 0 | $6.6M | $165M |
| 7 | Bill and Joan Alfond Family Foundation | Portland | 0 | $2M | $81M |
| 8 | Harold Alfond Foundation | Portland | 0 | $1.6M | $1.6B |
| 9 | Albert B Glickman Family Foundation | Portland | 0 | $414K | $23M |
About the data
An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.