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Maine Venture Fund

Company

Investment-firm

Financing round

General

About Company
Maine Venture Fund is a venture capital fund in Maine that invests and supports local companies.

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founded date

01.01.1995

founders

Number of employees

IPO status

Private

Description

Founded in 1995, Maine Venture Fund focuses on early stage ventures in Maine, with a typical initial investment of $100,000-$300,000 per company. It has a portfolio of companies including CourseStorm, Dream Local Digital, and Cerahelix. The fund operates as a revolving "evergreen" fund, receiving $13 million in capital contributions from the State of Maine. Its mission is to attract and develop eligible small businesses with the potential for significant growth and public benefit.
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People

Founders
1
John Burns
John Burns

John Burns

John Burns has over 23 years of experience in institutional investing. Prior to joining SEGF as the Fund Manager in 2000, he served as Second Vice President and Portfolio Manager for UNUM Corporation, where he managed domestic and international portfolios. With the SEGF, he has played a role in bringing capital to more than 20 Maine companies to date, and has steered the SEGF through a number of returns of capital to the Fund. Mr. Burns holds the Chartered Financial Analyst designation, and has held the Series 7 NASD license. He holds an MBA, with high distinction, from Babson College, and a MS degree in Resource Economics from Penn State University. Mr. Burns completed his undergraduate work at the University of Maine.

current job

Maine Venture Fund
Maine Venture Fund

John Burns

Employee Profiles
11

Chenxi Li

Mba summer intern

Brien Walton

Board of directors

Desmond FitzGerald

Desmond FitzGerald

EIR

Stephen K. Smith

Stephen K. Smith

SEGB Chair

John Burns

John Burns

Fund Manager

Terri Wark

Terri Wark

Fund Administrative Associate

Jayme Okma Lee

Investment Manager

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