A  Maine Angels


     Office Locations:

Portland, ME
Phone: 207-347-1258



  • Early
  • Seed



  • Business Services
  • Consumer Products & Services
  • Information Technology
  • Retail & Restaurant



    Maine Angels was founded in 2003 to enhance regional economic development by providing a cooperative mechanism for qualified investors to collaboratively locate, investigate and make investments in promising early-stage companies. Maine Angels' individual investments in companies typically range from $10,000 to over $100,000 in most deals, while total investments in a deal have ranged from $35,000 to $710,000. In addition to providing financial capital, where appropriate, Maine Angels members also provide intellectual capital to portfolio companies and the entrepreneurs who run them. Investments in companies based in Maine typically are eligible for Maine's Seed Capital Tax Credit Program administered by the Financial Authority of Maine (FAME). Maine Angels continues to grow its membership and its investment portfolio, aiming to remain the premier angel investment group in Maine. Maine Angels consists of over 50 members who have collectively invested over $9.6 million in 42 emerging companies.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Don Gooding Vice-Chair
    Elizabeth Baldacci Secretary
    Sam Ladd Founding Member and Treasurer
    Sandra Stone Chair


    Portfolio companies include:

      Abierto Networks
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      Artemis Woman
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      Avaxia Biologics

      Bounce Imaging
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      Broadcast Pix
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      CEI Ventures
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      CrossRate Technology
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      Emergent Music
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      Gelato Fiasco
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      Good Clean Food
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      Introspective Systems
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      IW Financial
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      JB Therapeutics
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      Maine Wealth Partners
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      Morheus Technologies
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      Nanocomp Technologies
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      Neuroptix Corporation
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      Northern Equity Holdings
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      Ocean Renewable Power Company
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      Pet Health Network
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      Pika Energy
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      Respiratory Motion
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      Saltater Marketing
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      Speranza Systems
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      The Gelato Fiasco
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      Zylo Media
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