Find Funding
MVF makes equity investments in Maine-based businesses with strong initial revenues and a plan for aggressive growth.
Key Details
CHECK SIZE
$100k
SECURITIES
Priced equity, convertible notes, SAFEs and venture debt
FOCUS
High growth Maine businesses, industry agnostic, exit-oriented
STAGE
Series Seed and A
TRACTION
>$250K in annual revenue with a 50%+ annual growth plan
TERMS
We lead or follow
We offer equity funding to high-growth Maine companies. Our initial check size is usually $100K. We always invest alongside others and can lead deals.
INVESTMENT CRITERIA
Operate primarily in Maine
This means registered to do business in Maine and 50%+ of employees, including at least one founder, are located in the state full-time.
01/04
Employ <50 people OR generate <$5M in annual revenue
We define “people” in this case as Full Time Equivalent (FTE) employees, inclusive of those based outside of Maine.
02/04
Demonstrate a viable plan for return on investment and impact in Maine
This is the center of the focus in our diligence effort. We look at all aspects of the business plan (proper financial statements, financial projections, competitive analysis, market sizing, etc) and vet the team and governance structure.
03/04
Receive at least 1:1 matching co-investment
Co-investment must be in the form of debt or equity, but is ideally on the same terms as MVF’s investment.
04/04
Operate primarily in Maine
This means registered to do business in Maine and 50%+ of employees, including at least one founder, are located in the state full-time.
01/04
Employ <50 people OR generate <$5M in annual revenue
We define “people” in this case as Full Time Equivalent (FTE) employees, inclusive of those based outside of Maine.
02/04
Demonstrate a viable plan for return on investment and impact in Maine
This is the center of the focus in our diligence effort. We look at all aspects of the business plan (proper financial statements, financial projections, competitive analysis, market sizing, etc) and vet the team and governance structure.
03/04
Receive at least 1:1 matching co-investment
Co-investment must be in the form of debt or equity, but is ideally on the same terms as MVF’s investment.
04/04
Operate primarily in Maine
This means registered to do business in Maine and 50%+ of employees, including at least one founder, are located in the state full-time.
01/04
Employ <50 people OR generate <$5M in annual revenue
We define “people” in this case as Full Time Equivalent (FTE) employees, inclusive of those based outside of Maine.
02/04
Demonstrate a viable plan for return on investment and impact in Maine
This is the center of the focus in our diligence effort. We look at all aspects of the business plan (proper financial statements, financial projections, competitive analysis, market sizing, etc) and vet the team and governance structure.
03/04
Receive at least 1:1 matching co-investment
Co-investment must be in the form of debt or equity, but is ideally on the same terms as MVF’s investment.
04/04
Operate primarily in Maine
This means registered to do business in Maine and 50%+ of employees, including at least one founder, are located in the state full-time.
01/04
Employ <50 people OR generate <$5M in annual revenue
We define “people” in this case as Full Time Equivalent (FTE) employees, inclusive of those based outside of Maine.
02/04
Demonstrate a viable plan for return on investment and impact in Maine
This is the center of the focus in our diligence effort. We look at all aspects of the business plan (proper financial statements, financial projections, competitive analysis, market sizing, etc) and vet the team and governance structure.
03/04
Receive at least 1:1 matching co-investment
Co-investment must be in the form of debt or equity, but is ideally on the same terms as MVF’s investment.
04/04
OUR PROCESS
01
INTRODUCTION
Set up an introduction call with MVF
02
DUE DILIGENCE
Share your materials and respond to questions
03
NEGOTIATE TERMS
Align on terms and sign term sheet - MVF can lead or follow
04
BOARD PRESENTATION
Pitch to the Maine Venture Fund Board
05
LINE-UP INVESTORS
Continue fundraising to bring in other investors alongside MVF
06
CLOSE & PARTNER
Sign legal documentation and receive funds!
01
INTRODUCTION
Set up an introduction call with MVF
02
DUE DILIGENCE
Share your materials and respond to questions
03
NEGOTIATE TERMS
Align on terms and sign term sheet - MVF can lead or follow
04
BOARD PRESENTATION
Pitch to the Maine Venture Fund Board
05
LINE-UP INVESTORS
Continue fundraising to bring in other investors alongside MVF
06
CLOSE & PARTNER
Sign legal documentation and receive funds!
01
INTRODUCTION
Set up an introduction call with MVF
02
DUE DILIGENCE
Share your materials and respond to questions
03
NEGOTIATE TERMS
Align on terms and sign term sheet - MVF can lead or follow
04
BOARD PRESENTATION
Pitch to the Maine Venture Fund Board
05
LINE-UP INVESTORS
Continue fundraising to bring in other investors alongside MVF
06
CLOSE & PARTNER
Sign legal documentation and receive funds!
Seeking a deep dive into the typical equity fundraising process?
Read Venture Deals for a more fulsome education.
Do you meet these criteria and want to learn more?
Do you meet these criteria and want to learn more?
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Stay in touch — sign up for our newsletter
We send a monthly newsletter to keep you informed about the latest at MVF, relevant ecosystem news and events, and educational resources for startups.
Stay in touch — sign up for our newsletter
We send a monthly newsletter to keep you informed about the latest at MVF, relevant ecosystem news and events, and educational resources for startups.
Stay in touch — sign up for our newsletter
We send a monthly newsletter to keep you informed about the latest at MVF, relevant ecosystem news and events, and educational resources for startups.
P.O. Box 63, Newport, Maine 04953
© 2026 Maine Venture Fund. All rights reserved.
P.O. Box 63, Newport, Maine 04953
© 2026 Maine Venture Fund. All rights reserved.
P.O. Box 63, Newport, Maine 04953
