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V O L . X X X I N O. I V F E B R UA R Y 2 4 , 2 0 2 5 22 T H E L I S T C O M P I L E D B Y S T E P H A N I E M E A G H E R C O M P I L E D B Y S T E P H A N I E M E A G H E R N O T E S : Deals completed from Jan. 1, 2024 through Feb. 10, 2025 were considered for this list. N/A = Not available or not applicable. S O U R C E : Crunchbase Purchase this list and more as an Excel document at mainebiz.biz/DataCenter @ Venture capital deals in Maine Ranked by funding amount Venture capital deals in Maine Ranked by funding amount Company Industry/ products and services Funding amount/ type/ transaction date Select investors Top executive 1 HighByte Inc. Portland highbyte.com Information technology Data integration $ 12,000,000 Series A April 2024 Standard Investments, Maine Venture Fund, Exposition Ventures Tony Paine co-founder & CEO 2 Prowler Inc. Sargentville prowler.com Information technology Open cloud security platform $ 6,000,000 Seed Feb. 2024 Decibel Partners Casey Rosenthal co-founder & CEO 3 Atlantic Sea Farms Biddeford atlanticseafarms.com Food and beverage Cultivation of regenerative kelp on open ocean sea farms $ 3,800,000 Venture - series unknown Jan. 2025 True Wealth Ventures, Third Nature Ventures, Builders Bridge Mikel Durham CEO 4 American Unagi Waldoboro americanunagi.com Aquaculture American eels sourced from Maine's unique glass eel fishery $ 1,500,000 Venture - series unknown Jan. 2024 RuralWorks Partners Sara Rademaker president 5 bluShift Aerospace Inc. Brunswick blushiftaerospace.com Aerospace Rocket launches by carbon-neutral biofuel $ 1,300,000 Seed June 2024 Maine Technology Institute, Late Stage Capital Sascha Deri founder & CEO 6 Omnic.AI Brunswick omnic.ai Artificial intelligence Gaming & predictive analytics $ 1,100,000 Seed July 2024 Unpopular Ventures, The Mini Fund, Ex Ventures Shaun Meredith co-founder & CEO 7 Revert Technologies Brunswick reverttechnologies.com Artificial intelligence & energy Smart plugs for energy savings $ 1,094,707 Seed June 2024 N/A Ryan Li co-founder & CEO 8 Tanbark Molded Fiber Products Saco tanbarkmfp.com Manufacturing Molded fiber packaging $ 1,093,614 Seed Aug. 2024 N/A Melissa LaCasse co-founder & CEO 9 ALM Ortho Inc. Portland almortho.com Health care & manufacturing 3D printed titanium orthopedic implant solutions $ 1,000,000 Series A Oct. 2024 Keiretsu Forum, Central Texas Angel Network Brian McLaughlin co-founder & CTO 9 Nearpeer Portland nearpeer.net Education & information technology Technology platform $ 1,000,000 Venture - series unknown Oct. 2024 N/A Dustin Manocha founder & CEO 11 Three of Strong Spirits Portland threeofstrongspirits.com Food and beverage Rum distilled from organic ingredients $ 950,000 Venture - series unknown Oct. 2024 N/A Sam Pierce Dave McConnell co-founders 12 Peregrine Turbine Technologies LLC Wiscasset peregrineturbine.com Engineering Power generation systems $ 750,000 Venture - series unknown May 2024 N/A David Stapp CEO 13 Nest Veterinary Portland nestveterinary.com Health care Preventative care solutions for pets $ 700,000 Seed Dec. 2024 N/A Ishani Gujral Jacob Davis co-founders SOURCE: Crunchbase NOTES: Deals completed from Jan. 1, 2024 through Feb. 10, 2025 were considered for this list. N/A = Not available or not applicable. - This list was compiled by Stephanie R. Meagher and published in the Feb. 24, 2025, issue of Mainebiz. Work for ME is a workforce development tool to help Maine's employers target Maine's emerging workforce. It will feature information and stories about the jobs and careers in Manufacturing, Construction, Skilled Trades, Health Care, Hospitality and Business services, all of Maine's essential industries. Workforce development companies High school and college students Job training organizations Professors and teachers Guidance counselors Career counselors Mainebiz subscribers Target Maine's emerging workforce E M A I L A D V E R T I S I N G @ M A I N E B I Z . B I Z T O L E A R N H O W T O P A R T I C I P AT E / R E S E R V E Y O U R A D S P A C E B Y M A R C H 1 9 / I S S U E P U B L I S H E D M A Y 1 2 TOTAL DISTRIBUTION OF 16,000 COPIES TO: S A M P L E O N E P A G E P R O F I L E S I N D U S T R Y PA R T N E R F O U N D I N G PA R T N E R

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