CEI Ventures

Founded in 1994, CEI Ventures is a private equity and venture capital firm based in Brunswick, Maine. It specializes in seed/startup to mid-stage investments, typically ranging from $250,000 to $1 million. The firm focuses on underserved markets across the United States, with a preference for New England and Maine. CEI Ventures seeks board seats in its portfolio companies and aims to exit investments within five to seven years.

Chandler Jones

Managing Director

Past deals in Maine

HighByte

Convertible Note in 2023
HighByte, Inc. is a software company based in Portland, Maine, founded in 2018. It specializes in developing DataOps software that addresses data architecture and integration challenges faced by industrial enterprises. HighByte's flagship product, the HighByte Intelligence Hub, enables manufacturers to securely collect, model, and flow valuable industrial data between systems without the need for extensive coding. The software integrates real-time, transactional, and time-series data into a single payload, facilitating faster system integration and enabling users to leverage contextualized data for analytics, artificial intelligence, and machine learning applications. By providing a streamlined approach to data management, HighByte helps organizations govern data standards across their operations.

HighByte

Seed Round in 2021
HighByte, Inc. is a software company based in Portland, Maine, founded in 2018. It specializes in developing DataOps software that addresses data architecture and integration challenges faced by industrial enterprises. HighByte's flagship product, the HighByte Intelligence Hub, enables manufacturers to securely collect, model, and flow valuable industrial data between systems without the need for extensive coding. The software integrates real-time, transactional, and time-series data into a single payload, facilitating faster system integration and enabling users to leverage contextualized data for analytics, artificial intelligence, and machine learning applications. By providing a streamlined approach to data management, HighByte helps organizations govern data standards across their operations.

CourseStorm

Seed Round in 2019
CourseStorm, Inc. is a company that specializes in developing online class registration software designed for various local programs, including community education, kids camps, health, arts, and recreational activities. Founded in 2011 and headquartered in Orono, Maine, CourseStorm offers a comprehensive platform that streamlines the class registration process. This solution encompasses class registration management, publishing, marketing, and handling credit card transactions, effectively eliminating the challenges associated with manual recruitment and student registration. CourseStorm's platform facilitates community education and college programs by enabling them to publish their catalogs online and allowing students to easily find and enroll in their preferred classes.

Dream Local Digital

Series A in 2019
Dream Local Digital, LTD. is a digital marketing agency based in Rockland, Maine, that specializes in providing comprehensive online marketing services for small to medium-sized businesses and non-profit organizations across the United States. Founded in 2009, the company offers a range of services, including website development, content strategy, social media management, search engine optimization, email marketing, and reputation management. Additionally, Dream Local collaborates with partners to provide services such as pay-per-click management and business intelligence reporting. As a Google Partner and a certified Facebook Blueprint company, Dream Local Digital is committed to helping its clients establish and enhance their online presence through effective marketing strategies and interactive media.

Mobile Price Card

Series A in 2018
Mobile Price Card provides digital price cards that wireless and consumer electronics retailers use to display and update pricing and promotional content on in-store display devices. The company develops a mobile application that renders dynamic content on screens already on display and offers a web-based dashboard to update changes instantly, enabling retailers to manage pricing and promotions centrally and to present targeted messaging at the point of purchase. Founded in 2017 and based in Bangor, Maine, the solution aims to streamline content management, reduce update cycles, and help retailers increase sales by delivering timely pricing information across store displays.

Hyperlite Mountain Gear

Venture Round in 2018
Hyperlite Mountain Gear Inc., based in Biddeford, Maine, is a designer and manufacturer of ultralight outdoor products tailored for adventure enthusiasts. Founded in 2010, the company specializes in a range of gear, including backpacks, shelters, tarps, tents, sacks, and various accessories. Its offerings feature minimalist designs and are constructed from durable, lightweight materials, such as Cuben Fiber, aimed at enhancing the outdoor experience. By providing products that help minimize weight without sacrificing durability, Hyperlite Mountain Gear supports activities such as hiking, backpacking, climbing, pack-rafting, kayaking, and cycling. The company markets and sells its innovative gear primarily through its online platform, promoting an efficient and enjoyable outdoor experience for its customers.

Tilson

Series D in 2017
Tilson is a Maine-based independent IT project management firm with approximately 100 employees. They specialize in wireless infrastructure, technology capital projects, information technology services, and fiber optic engineering for clients across various industries and governments worldwide.

Maine Craft Distilling

Venture Round in 2016
Maine Craft Distilling, LLC is a craft distillery based in Portland, Maine, specializing in the production of small-batch spirits, including gin, rum, and whiskey. Founded in 2012 and initially known as Davidson & Farber, LLC, the company adopted its current name in March 2013. Maine Craft Distilling prides itself on a farm-to-flask approach, collaborating closely with local farmers to source high-quality agricultural products. By integrating traditional distilling methods with innovative practices, the distillery emphasizes craftsmanship and local sourcing in its operations. This commitment not only supports the regional agricultural community but also ensures the distinctive quality of its spirits.

Pika Energy

Venture Round in 2016
Pika Energy, Inc. is a manufacturer based in Westbrook, Maine, specializing in the development and production of renewable energy technologies for the residential market. Founded in 2010 by engineers from MIT, the company offers a range of products, including small wind turbines, high-efficiency bidirectional inverters, charge controllers, and solar optimizers. Its patented REbus DC Nanogrid technology facilitates efficient power transmission and integration of various energy sources, allowing homes to collect, store, and utilize clean energy. Pika Energy's products are designed and manufactured in the United States, using domestic materials, and are marketed through a network of trained dealers and installers across North America. The company operates as a subsidiary of Generac Holdings Inc.

Tilson

Series B in 2015
Tilson is a Maine-based independent IT project management firm with approximately 100 employees. They specialize in wireless infrastructure, technology capital projects, information technology services, and fiber optic engineering for clients across various industries and governments worldwide.

Stillwater Scientific Instruments

Venture Round in 2005
Stillwater Scientific Instruments (SSI) is developing a device that dramatically decreases the time it takes to analyze chemical compounds in the laboratory. This device, a component of mass spectrometers will be sold to laboratory equipment manufacturers. Mass spectrometers are sold primarily in the biomedical and pharmaceutical industries, as well as environmental fields in which complex chemical mixtures must be accurately identified. This device was developed through research at the University of Maine, and Stillwater Scientific Instruments was founded to commercialize this technology. The project has received funding from the National Science Foundation and the Maine Technology Institute.
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