# Maine Venture Fund

Maine Venture Fund is a Venture Capital based in Newport, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Newport, United States
- **Region:** North America
- **Address:** Newport, ME, United States
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** www.maineventurefund.com
- **LinkedIn:** https://www.linkedin.com/company/maine-venture-fund

## Regulatory record

- **Reports private funds:** No

## About

Maine Venture Fund was created by the State Legislature to invest in Maine businesses that have the highest potential for growth and impact. It has been actively investing in Maine companies since 1997 and operates as a revolving evergreen fund. MVF makes equity investments in Maine companies with high growth and impact potential, working with co-investors and remaining active as a partner after rounds close.

## Sectors

- Venture (General)

## People

- Joe Powers — Senior Managing Director
- Nina Scheepers — Managing Director
- Terri Wark — Operations Manager
- Susan Ahern — Chair
- Justin Young — Vice Chair
- Julie Viola — Treasurer
- Elizabeth Chabe — Director
- Helen Sterling Coburn — Board Member
- Jake Daniele — Board Member
- Peter DelGreco — Board Member
- Greg Fryer — Board Member
- Susan Hammond — Board Member
- Brien Walton — Board Member

## Questions

### Is Maine Venture Fund a traditional private venture capital firm?

No. It operates as a state-sponsored investment fund with a public economic-development mandate, not a fee-driven private partnership. The fund's evergreen structure means it reinvests realized returns into new Maine companies rather than distributing proceeds to limited partners on a fixed timeline.

### What investment stages does Maine Venture Fund target?

The fund targets early-stage companies, spanning seed rounds through growth-stage equity. It participates in both direct investments and co-investment syndicates alongside private venture firms and local angel networks.

### Does Maine Venture Fund lead investment rounds?

Yes, the fund retains the ability to lead rounds when local syndication is otherwise insufficient, a posture that reflects its mandate to fill capital gaps rather than compete with private venture firms for allocation.

### What is the geographic focus of Maine Venture Fund?

The fund invests exclusively in Maine-based companies. Its mandate centers on retaining high-growth startups within the state and building a durable innovation economy rather than pursuing broader regional or national portfolio diversification.

### How is Maine Venture Fund governed?

The fund operates as a state-chartered entity, with governance ultimately tied to Maine's economic development apparatus. Public records indicate a board or advisory structure that includes both state officials and private-sector investment professionals, though specific names are not currently disclosed in available public materials.

## Related profiles

- [Main Capital Partners](https://altss.com/profile/main-capital-partners)
- [Main Kapital](https://altss.com/profile/main-kapital)

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Last updated: 2026-08-11T15:07:19.634Z

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