Funding

Portland, Maine

Meet 26 Maine Companies That Received Funding from MTI

By | Jul 21, 2017 at 7:15 am

When looking into the Maine startup ecosystem, there are more companies launching each quarter. Looking at the second quarter of 2017, 26 Maine companies, ranging from healthcare IT to manufacturing received funding from the The Maine Technology Institute. One TechStart grant also went to the…

Funding

Portland, Maine

Vets First Choice Raise $223M Led By CD&R and Hillhouse Capital Group

By | Jul 19, 2017 at 5:00 pm

Vets First Choice, the Portland company founded in 2010 to provide online pharmacy services to veterinary practices, has raised nearly a quarter of a billion dollars in new equity financing to fuel an international expansion. The company revealed on Wednesday morning that it had…

Funding

Portland, Maine

NBT Solutions Closes Seed Round Led by Maine Venture Fund and CEI Ventures

By | Jul 12, 2017 at 6:30 pm

NBT Solutions, a Portland, Maine-based developer of mapping software, has raised nearly a million dollars to drive growth of their flagship product VETRO FiberMap, a cloud-based broadband mapping and fiber management system for the telecommunications industry. The company closed the seed round of $773,333 from…

Funding

NYC

2017 Venture Activity Passed $21.78 Billion in Second Quarter

By | Jul 12, 2017 at 2:30 pm

Investors sunk $21.78 billion into a total of 1,958 venture-backed companies during the second quarter of this year, according to Pitchbook data. The dollar amounts are up from the previous quarter, while the number of investments held steady. VCs are making bigger bets, but they’re not…

Funding

Portland, Maine

Maine’s Startup Certify Acquired by K1 Investment Management in $100M Deal

By | Jun 20, 2017 at 5:40 pm

Certify LLC, the Portland company founded in 2008 that offers cloud-based expense management software, has been acquired by K1 Investment Management, a Los Angeles-based private equity firm, in a deal worth $100 million. Bob Neveu, Certify’s cofounder and CEO, told Maine Startups Insider that…

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Funding

Bootstrapping Your Startup Starts With Modern Marketing

By | Jun 12, 2017 at 5:45 pm

Funding a business by yourself can feel like an insurmountable challenge. Businesses are expensive, requires knowledge and efficiency and leaves little room for errors. But time and time again entrepreneurs shake out their pockets and fund their vision by bootstrapping to break into a…

Funding

Chicago

Outcome Health Raised the Second Largest Funding Round in Chicago History

By | May 31, 2017 at 7:00 pm

The world of entrepreneurship is one of patience. You have to wait to get funding, wait to launch your product, and you have to wait to make it big. But as any successful entrepreneur can tell you, good things come to those who wait….

Funding

Austin

Austin’s Opcity Raises $27MM to Match Home Buyers and Sellers With Realtors

By | May 10, 2017 at 12:50 pm

Cofounder of Yodle, Ben Rubenstein, who sold the company to Web.com in 2016 for $342MM, is at it again. He’s scaling his next venture with Opcity, the real estate technology company improving residential real estate’s consumer experience by matching top agents with qualified home…

Funding

Portland, Maine

Redd Raises Nearly $1M in New Investment Round

By | May 6, 2017 at 2:30 pm

Brunswick-based Redd, the energy bar company, has raised the majority of a $1.5 million investment round. The company filed paperwork with the U.S. Securities and Exchange Commission on Wednesday revealing that it had raised $867,861 out of a $1.5 million offering. It claimed 13…

Funding

Portland, Maine

Ocean Renewable Power Company Restructures, Raising $2.5M in Series B

By | May 4, 2017 at 11:20 am

Portland-based Ocean Renewable Power Company is in the midst of raising $2.5 million in its second big equity round of fundraising. The renewable energy company has raised $1.31 million out of a $2.5 million offering, according to paperwork recently filed with the U.S. Securities and Exchange…

Funding

FinLab’s $30M Initiative Seeks Diverse Entrepreneurs for Third Cohort

By | Apr 26, 2017 at 2:20 pm

FinLab, a 5-year initiative managed by the nonprofit Center for Financial Services Innovation and JPMorgan Chase, is now in the home stretch for accepting startups and entrepreneurs into their third cohort. Of the hundreds of startups who will apply, nine winners will be selected…

Funding

DC

Edtech Company EVERFI Raised $190 Million Led by Bono’s The Rise Fund and TPG Growth

By | Apr 26, 2017 at 12:50 pm

Edtech company EVERFI, the leading provider of subscription-based digital learning to K-12 schools, universities, corporations, sports leagues, and non-profits, announced they have raised $190 million to advance their vision for education innovation. The Rise Fund and TPG Growth invested $150 million, with Main Street Advisors and…

Funding

The 5 Things to Know About Raising Seed Funding

By | Apr 11, 2017 at 4:30 pm

So you have an idea and now you need some financial support to get the ball rolling. At this point, seed capital can be helpful. Although the seed round is usually smaller and can come from many funding options (friends, family, incubators, angels, VCs),…

Funding

8 Phases of VC Investment: What to Expect When You Raise Capital

By | Apr 11, 2017 at 11:20 am

Raising money is a critical turning point for the majority of entrepreneurs. And, with any entrepreneurial endeavor, preparation is key, which is why knowing the roadmap before you get there can help you make some decisions before you end up on the doorstep of…