Maine Angels

About The Fund

Maine Angels is an angel investment group located in Portland, Maine, established in 2003 with a focus on fostering the growth of innovative startups in the New England region, especially within Maine. They position themselves as a key resource for early stage companies by not only providing financial support, with investments ranging from $4,000 to $3,000,000, but also offering mentoring and guidance to entrepreneurs. Their investments are primarily targeted towards high-growth potential industries such as IT, TMT (Technology, Media, and Telecommunications), BioTech, and Investment Management. As a testament to their commitment and impact, Maine Angels have contributed over $41 million in backing more than 100 companies since inception. These portfolio companies are predominantly based in Maine and the surrounding states, underscoring Maine Angels' dedication to regional economic development. Maine Angels operates on a membership basis, comprising individual accredited investors who seek to drive innovation and entrepreneurial success through collaboration. The group extends an open invitation to entrepreneurs with promising ideas and strong teams to present their business plans, looking for investment opportunities that align with their thesis. They also offer opportunities for interested parties to join their network as angel investors, promoting a culture of shared experience, learning, and ideation within the Maine startup ecosystem. Their website features detailed sections related to investment summaries, membership information, application guidelines, and resource expectations for entrepreneurs. Through the Dirigo Angel Fund I & II, they further extend their investment capabilities and resources.