Maine Technology Institute Overview

  • Investor Type
  • Venture Capital

  • Status
  • Active

  • Professionals
  • 6


  • Investments
  • 157

  • Portfolio
  • 96

  • Exits
  • 24


Maine Technology Institute General Information

Company Description

Founded in 1999, Maine Technology Institute is an investment firm based in Brunswick, Maine. The firm seeks to provide debt, grants, and minority investments through seed investments. The firm prefers to invest in the environmental services, biotechnology, information technology, agriculture, forestry, advanced manufacturing, and CleanTech sectors in Maine, United States.

Business Details

Year Founded
Investor Status
Actively Seeking New Investments
Primary Investor Type
Not-For-Profit Venture Capital
Other Investor Types
Angel Group
Corporate Office
  • 8 Venture Avenue
  • Brunswick Landing
  • Brunswick, ME 04011
  • United States
+1 (207) 000-0000

Maine Technology Institute Investments (157)

Company Name Deal Date Deal Type Deal Size Industry Company Stage Lead Partner
bluShift Aerospace 04-Jun-2024 Seed Round 00.00 Aerospace and Defense Generating Revenue
Pumpspotting 06-Sep-2023 0000 00000 00.00 Information Services (B2C) Generating Revenue
ReNewSnow 21-Jun-2023 00000 0000 Other Commercial Products Generating Revenue
Springworks Farm 07-Feb-2023 00000 00000 0000 Horticulture Generating Revenue 00000 0000000
Accelera 26-Oct-2022 00000 00000 Therapeutic Devices Generating Revenue
True Fin 07-Jun-2022 0000 00000 00.000 Aquaculture Generating Revenue
Defendify 23-Mar-2022 00000 00000 00.000 Network Management Software Generating Revenue
Farmhand Automation 30-Aug-2021 00000 00000 Other Hardware Out of Business
Peregrine Turbine Technologies 16-Aug-2021 Grant 00000 Alternative Energy Equipment Generating Revenue
Kinotek 30-Jul-2021 Seed Round 00.000 Other Healthcare Technology Systems Generating Revenue
You’re viewing 10 of 157 investments. Get the full list »

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Maine Technology Institute Exits (24)

Company Name Exit Date Exit Type Exit Size
Farmhand Automation 25-May-2024 Out of Business
Eagre 04-Dec-2023 000 00 00000000
HYKE 10-Aug-2023 000000000000000000
Forager 21-Jun-2023 000000000000000000
Chimani 15-Feb-2023 000000000 00000000
Seachange Group 15-Jun-2022 000000000000000000 00000
Friday (Business/Productivity Software) 03-Jun-2022 000 00 00000000
Walch 18-May-2022 000000000000000000
DAVO Technologies 20-Apr-2021 Merger/Acquisition 000.00
Zephyrus Simulation 20-Jul-2020 Out of Business
You’re viewing 10 of 24 exits. Get the full list »

Maine Technology Institute Investments by Industry, Year, and Region

Investments by Industry

Investments by Year

Investments by Region

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Maine Technology Institute Management, Team & Partners (10)

Name Title Deals Funds Boards Office
Brian Whitney President & Board Member 00 0 Brunswick, ME
Joseph Migliaccio Director of Portfolio Advancement Brunswick, ME
Matthew Hoffner Entrepreneur-in-Residence 0 Brunswick, ME
Lou Simms Senior Investment Officer Brunswick, ME
Scott Bursey Senior Investment Officer Brunswick, ME
You’re viewing 5 of 10 team members. Get the full list »

Maine Technology Institute Co-Investors (30)

Name With Exits Lead Partner Series Industry
Maine Venture Fund 7 0 Series chart Industry bar
CEI Ventures 0 0 Series chart Industry bar
York IE 0 0 Series chart Industry bar
Bessemer Venture Partners 0 0 Series chart Industry bar
FreshTracks Capital 0 Series chart Industry bar
You’re viewing 5 of 30 co-investors. Get the full list »

Maine Technology Institute FAQs

  • What is Maine Technology Institute?

    Founded in 1999, Maine Technology Institute is an investment firm based in Brunswick, Maine.

  • When was Maine Technology Institute founded?

    Maine Technology Institute was founded in 1999.

  • Where is Maine Technology Institute headquartered?

    Maine Technology Institute is headquartered in Brunswick, ME.

  • What is Maine Technology Institute's total asset value?

    Maine Technology Institute has around 0000 in total assets under management.

  • How many investments has Maine Technology Institute made?

    Maine Technology Institute has made 157 investments.

  • What has Maine Technology Institute invested in?

    Maine Technology Institute has made numerous investments in companies like bluShift Aerospace, Pumpspotting, and ReNewSnow within the Aerospace and Defense, Information Services (B2C), and Commercial Products industries.

  • What has Maine Technology Institute invested in recently?

    Maine Technology Institute's latest investment was on 04-Jun-2024 in bluShift Aerospace, a company within the Aerospace and Defense industry.

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