Dutch cleantech startup to establish US headquarters in Portland

(From Mainebiz) Headquartered in Portland, Finsulate makes antifouling technology for vessels and floating marine equipment. MTI supported Finsulate as one of the three Maine companies selected to participate the Cleantech Open Northeast accelerator last year. It is also a finalist in the 2022 Top Gun Showcase business-pitch contest. MTI will sponsor a $25,000 cash prize for the competition. Read more »

2022 Best Tech Startups in Portland (Maine)

(From The Tech Tribune) The Tech Tribune staff recognized the very best tech startups in Portland, and the majority are MTI portfolio companies! Some of the factors considered were revenue potential, leadership team, brand/product traction, and competitive landscape. Read more »

MyHealthMath raises $3.5M to fuel growth

(From MaineStartupsInsider) MyHealthMath recently raised $3.5M to add support for ancillary insurance products like dental, vision, life, and long- and short-term disability. MTI has provided ongoing funding and support to the Portland-based company. Read more »

Circa raises $2M on its mission to ‘reinvent rent’

(From Maine Startups Insider) MTI portfolio company, Circa, recently raised $2M to accelerate its growth in the residential rental industry. The Brunswick-based startup has built a mobile and web-based platform that uses flexible payments, credit reporting, and arrears planning to help people pay rent. Read more »

Out-of-state buyers snap up two Maine medical technology businesses

(From Mainebiz) Scarborough-based, Amplify Additive, was recently acquired by Arch Medical Solutions of Michigan. The acquisition will allow for expansion into additive manufacturing for orthopedics and growth within the medical device contract manufacturing market. MTI provided initial and ongoing support to Amplify Additive and trusts the acquisition will result in a quality footprint in Maine, as well as Artel, one of MTI’s earliest investments. Read more »