Maine Venture Fund

🔒‘Side hustle’ ideas sought for fourth edition of Maine Startup Challenge

More than 200 applications are expected for the fourth edition of the statewide business plan contest.

🔒Digital health startup Kinotek raises $2M for new hires, expansion

The Portland-based developer of a digital health platform used by fitness and wellness professionals in 44 states is targeting expansion into the Middle East and North Africa in 2026.

How to build an entrepreneurial community in your region

By keeping the first few meetups intimate and authentic, you create an environment where people feel comfortable showing up and contributing, our guest columnist writes.

The Madison money trail: How TimberHP got into financial trouble — and how it aims to reset

Currently operating with 54 employees, the insulation manufacturer is seeking to lessen its debt via a voluntary, pre-negotiated Chapter 11 reorganization plan filed in U.S. Bankruptcy Court in Delaware.
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Brunswick rent-payment startup acquired for $9.5M

Circa has been acquired by Stake, a New York-based financial technology company that offers cash rewards to renters.

The good, the tough and the needed: 10 insights from Startup Maine Week

The Portland conference, held for the first time since 2019, offered sessions on a range of topics and networking events for budding and wannabe entrepreneurs.

Portland industrial software startup HighByte raises $12M

The Series A funding round brings the company's total to $16.5 million in equity raised since it was founded in 2018.

Pumped up: Breastfeeding support platform pumpspotting is a fast-growing ‘femtech’ startup

Amy VanHaren, the founder and CEO of the fast-growing platform, aims to expand her business amid projections that technology geared to women's health will become a $1 trillion market by 2027.
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Maine wins designation as a federal ‘Tech Hub’ for forest bioproducts

Maine has been designated a federal Forest Bioproducts Tech Hub and could receive $50 million to $70 million to develop the state's forest bioproducts sector. 

Pumpspotting, a Kittery startup, raises another $2.2M to fund growth

The latest funding round brings pumpspotting's fundraising total to $3.35 million. The startup's plans for the $2.2 million include commercial product expansion and a foray into health care.
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