Maine Venture Fund

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.

TimberHP develops architecture and construction products derived from abundant American wood fiber to create energy-efficient, sustainable building materials. The company aims to revive Maine's historic lumber industry while promoting environmentally friendly manufacturing, delivering materials designed to improve indoor environments and support healthier homes. Its product line includes pre-manufactured building components and wood-fiber insulation that is renewable, biodegradable, and non-toxic, enabling durable, eco-conscious construction solutions. TimberHP focuses on materials engineered for better longevity and environmental outcomes, aligning with market demand for sustainable construction and regional economic renewal.

VETRO FiberMap is a cloud-based fiber management platform designed specifically for broadband providers, municipalities, and telecommunications engineers involved in the design and operation of next-generation internet infrastructure. Launched in 2016 by founders Will Mitchell and Sean Myers, the platform addresses the unique needs of small and mid-sized Internet Service Providers (ISPs) by offering an intuitive, accessible tool to plan, design, and manage their broadband networks from a single, cost-effective solution. VETRO FiberMap leverages geospatial technology to facilitate geographic analysis, presentation, and visualization of fiber network data, enabling clients to access and manage critical information seamlessly. Headquartered in Portland, Maine, the company draws on the founders' extensive GIS expertise, cultivated through their previous venture, to enhance its software development and customer service. VETRO FiberMap has established itself as a vital resource for competitive fiber broadband providers across more than a dozen countries, committed to advancing the infrastructure of internet connectivity.

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, 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.

Atlantic Sea Farms is a producer of fresh, sustainably farmed kelp, offering a domestic alternative to imported seaweed products. The company focuses on creating innovative and appealing food items made from kelp, which can be used in a variety of dishes, from appetizers to desserts. Their products are designed to be mild in flavor and are ready to serve straight from the package, catering to consumers and wholesale clients, including restaurants and food service organizations. By prioritizing the health of both customers and the oceans, Atlantic Sea Farms aims to positively impact Maine's fishing communities while promoting the benefits of sea greens in the culinary landscape.

American Unagi is a company based in Maine that specializes in raising American eels sourced from the state's unique glass eel fishery. The company operates a land-based recirculating aquaculture system to grow these eels to market size. Their farming practices ensure that the eels are raised without the use of hormones or antibiotics, providing a more responsible and traceable product compared to other options available in the US. American Unagi's approach focuses on sustainability and safety, offering customers a reliable and eco-friendly choice for eel consumption.

True Fin Seafood is a supplier of premium seafood sourced directly from fishermen in the Gulf of Maine. Catering to both professional and home chefs, the company emphasizes quality and traceability in its products, ensuring that customers receive seafood that supports sustainable fishing practices and benefits coastal communities. In addition to providing top-quality seafood, True Fin Seafood offers training services focused on best handling practices, enhancing the overall experience for its customers while promoting responsible seafood consumption. This commitment to quality and sustainability positions True Fin Seafood as a trusted source for seafood enthusiasts.

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.

VETRO FiberMap is a cloud-based fiber management platform designed specifically for broadband providers, municipalities, and telecommunications engineers involved in the design and operation of next-generation internet infrastructure. Launched in 2016 by founders Will Mitchell and Sean Myers, the platform addresses the unique needs of small and mid-sized Internet Service Providers (ISPs) by offering an intuitive, accessible tool to plan, design, and manage their broadband networks from a single, cost-effective solution. VETRO FiberMap leverages geospatial technology to facilitate geographic analysis, presentation, and visualization of fiber network data, enabling clients to access and manage critical information seamlessly. Headquartered in Portland, Maine, the company draws on the founders' extensive GIS expertise, cultivated through their previous venture, to enhance its software development and customer service. VETRO FiberMap has established itself as a vital resource for competitive fiber broadband providers across more than a dozen countries, committed to advancing the infrastructure of internet connectivity.

Nearpeer, Inc. is a company based in Portland, Maine, that specializes in developing peer engagement software aimed at connecting college students worldwide. Incorporated in 2017, Nearpeer offers an app available on both Google Play and the App Store. This application facilitates social and academic support by enabling students to learn about, connect with, and communicate with their peers. Through its platform, Nearpeer aims to enhance student persistence and improve academic performance by fostering a collaborative environment among users.

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.

Reconnect, Inc. is a Public Benefit Company based in Cumberland Center, Maine, with additional offices in Portland, Maine; Brooklyn, New York; and Boston, Massachusetts. Founded in 2009, the company operates a platform that integrates software, hardware, and data to enhance outcomes for individuals involved in the criminal justice system, particularly those facing addiction. Reconnect focuses on providing ongoing support during pretrial, reentry, and recovery, with its solutions utilized by drug courts, probation, parole, and third-party administrators. The company's monitoring and communication application streamlines remote supervision by offering features such as IVR call-in notifications, GPS curfew checks, and appointment reminders, thereby helping clients meet their obligations and reduce the likelihood of recidivism. Reconnect is committed to promoting positive social impact by advocating for reduced incarceration rates and lower costs for defendants.

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, 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 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.

Cerahelix, Inc. is a manufacturer of ceramic membrane filters designed for high-quality water purification and resource recycling. Established in 2011 and based in Orono, Maine, the company specializes in bio-derived products that utilize patented DNA template technology to create sub-nanometer pores in ceramic membranes. This innovative design enables the filtration of minute particles, allowing water purification agencies to effectively separate salts, metal ions, and other impurities at the molecular level. Cerahelix offers a range of filtration products, including single-channel elements for laboratory and pilot-scale studies, as well as multi-channel elements for commercial applications. Additionally, the company provides filter element housings and laboratory test systems to support small-scale research and development. Its products serve various industries, including food and beverage, pharmaceuticals, mining, and waste-to-energy.

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.

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.

Chimani develops an outdoor mobile application that serves as a travel guide for national and state parks. The app provides practical park information such as sunrise and sunset times, tide data, and seasonal ranger-led events, along with audio tours, professional photography, maps, and park news. It focuses on US national parks and other outdoor destinations, offering descriptions of park features, trails, amenities, and safety tips to help travelers plan and enjoy quality experiences while addressing common travel challenges like crowding and information gaps. The company aims to inspire exploration of nature and connect users with services to create exceptional park visits.

Orono Spectral Solutions, Inc. is a company that specializes in the development of advanced absorbent materials and sampling technologies designed for the trace-level detection of chemical and biological agents in air and water. Founded in 2004 and based in Hermon, Maine, the company focuses on creating innovative systems and methods for collecting a range of chemical and biological species, including warfare agents and toxic industrial materials. Its product offerings include the OSS Oil in Urea Liquor Analysis system, which measures hydrocarbons in urea liquor, the OSS Oil and Grease Extractor for analyzing oil in water, and the OSS Surface Sampler, an advanced technology for surface sampling of chemical agents. Orono Spectral Solutions serves the military and emergency response sectors, providing solutions that enhance sampling safety, accuracy, and efficiency in the detection of contaminants.

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.

Newfield Design is a Maine, US based company that designs, develops and manufactures communications systems infrastructure. The founders have decades of experience in successful communications system design, development, deployment and management, particularly with Public Safety, Commercial/SMR and Critical Infrastructure communications systems.

Foneshow has built a telephony-based distribution platform for short-form audio (primarily news/talk/sports radio programming). The platform leverages the cellular telephone network and enables users to subscribe to, access, publish, share, and consume short-form audio programming immediately from virtually any cell phone. The system features the very rapid propagation of programming from the creator to the consumer. Patents are pending. Foneshow was founded in late August of 2006 on Ballston Beach in Truro, Massachusetts by Erik Schwartz and Nic Wolff, two technology industry veterans and lifelong friends. Nic and Erik had been kicking some of the ideas around for a while, wondering why they never listened to podcasts. In late summer 2006 they developed the ideas that would become Foneshow. They started coding in September of 2006 with alpha launching later in September. The foneshow.com domain was registered in October 2006. The company was organized as a Delaware LLC in November of 2006. In August of 2007 Foneshow closed a series A venture capital round with CEI Community Ventures, Masthead Venture Partners, and Small Enterprise Growth Fund of Maine.

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.

BlueTarp Financial is a B2B credit management company based in Portland, Maine, that has been operating since 1998. The company serves over 2,000 suppliers by providing upfront payment for sales, thereby mitigating credit risk and enabling suppliers to focus on business growth. BlueTarp offers customizable programs, allowing suppliers to either manage customer interactions themselves or opt for a full-service model where BlueTarp oversees customer service and collections. The company facilitates sales growth by providing options for credit lines up to $1 million and terms of up to 90 days, alongside a loyalty rewards program. Additionally, its SmartView™ online tools offer suppliers transparency into customer buying and payment activities, enhancing the purchase-to-payment lifecycle and improving overall cash flow and risk management.

Phylogix Inc. is a biotechnology company focused on tissue protection and oncology. The company develops lectin-based drugs focused on tissue protection, oncology, and immunology. It also involves in the development of FRIL, an agent to protect patients from the toxic side-effects of chemotherapy. Phylogix Inc. is based in Scarborough, Maine.