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-$5M in annual revenue (earlier stage consideration for founders with successful previous exits)
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.
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
