Kinotek names IDEXX, Covetrus veteran as new CEO

(From Maine Startups Insider) Kinotek developed a digital health platform which uses motion capture technology and data visualizations to assist medical and fitness professionals. The startup recently named Patricia Panaia, as its new CEO. MTI provided early-stage funding to the Portland-based company. Read more »

Tanbark raises $1.7M for sustainable packaging

(From Maine Startups Insider) Tanbark Molded Fiber Products aims to replace single-use plastic packaging with a sustainable option. Recently the Portland-based company raised $1.7 million in seed funding to fund its first phase of growth. MTI has worked closely with Tanbark on a number of projects. Read more »

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 »