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Funding

Phoenix

Why We Invested: What Made This SaaS Company Stand Apart?

By | Nov 16, 2017 at 6:30 pm

I am often asked what separates the startups we choose to invest in versus the ones opt to forgo. The truth is there’s a lot that goes into evaluating companies through the lens of their investment potential. And while we absolutely look at the…

Funding

Denver

Galvanize Raises $7 Million to Expand Offerings

By | Nov 15, 2017 at 6:30 pm

Galvanize, the learning community for technology that offers education skilling programs in key technical disciplines and entrepreneur-focused workspaces, announced a $7 million investment led by existing investors ABS Capital Partners and University Ventures. The funding will be used to fulfill strong demand for Galvanize’s…

Funding

Portland, Maine

Tilson Technology Raises $3.5M in Series D Round

By | Nov 12, 2017 at 10:30 am

Tilson Technology, the IT-services company in Portland, has raised $3.5 million of a $5 million offering to fuel its rapid expansion. CEO Joshua Broder told Maine Startups Insider that the new investment, which is a combination of debt and equity, will be used to…

Funding

San Francisco

For SaaS Businesses, $3 Billion Might Be the New Marker of a Unicorn

By | Nov 6, 2017 at 10:50 am

The most recent collection of public companies in or orbiting the SaaS industry to offer an IPO are all worth $3 billion or close to that number. The coveted $1 billion valuation and the companies who earn it, termed “unicorns,” might be getting supplanted…

Funding

5 Largest Funding Rounds Raised in 2017

By | Oct 26, 2017 at 1:30 pm

While a good idea can thrust you into the limelight and the right connections can boost your chances of success, startups need funding to survive. In the business world, the reality is that money talks and the more of it you have, the louder…

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Funding

Blockchain Company Stream Closes $5 Million Advisor Token Pre-Sale Round

By | Oct 26, 2017 at 9:20 am

Despite a slow start, blockchain technology has taken off. While Bitcoin and Ethereum have been the poster children of the innovative cryptocurrency model, a wide range of other companies have come out with their own tokens that could change the financial world for the…

Funding

Understanding Funding Rounds of the 100 Highest Valued Unicorn Companies

By | Aug 21, 2017 at 3:50 pm

As the saying goes, a unicorn company can’t be built in a day. Much like the rest of the entrepreneurial process, success takes time and hard work, and there are no shortcuts to accelerate it. You’ll need to make small, achievable goals along the…

Funding

Maine

What It Means to Have a Honey Badger Culture

By | Aug 17, 2017 at 8:30 am

The honey badger could be considered the world’s most fearless animal. For a Rockland, Maine-based digital marketing agency, Dream Local Digital, they consider their team members #HoneyBadgers of the online marketing world. Here’s how the company explains it: “#HoneyBadgers are tenacious. When we set…

Funding

Portland, Maine

Maine Voters Approve $50 Million Research and Development Bond

By | Jul 22, 2017 at 12:45 pm

The $50 million bond to support research, development, and commercialization efforts by Maine businesses has officially passed and been signed by the governor, the Secretary of State’s office announced Wednesday. Maine voters considered the bond issue at a special referendum election on June 13….

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…