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 »

Gouldsboro seaweed farmer gets $650K to develop new cultivation systems

(From Mainebiz) Springtide Seaweed will receive $650,000 in federal funding to develop new cultivation systems for nori and dulse red seaweed, allowing these high-value crops to be farmed in the U.S. and globally. The funding was awarded through the Small Business Innovation Research (SBIR) Program at the U.S. Department of Agriculture’s National Institute of Food and Agriculture. MTI's TAP Team worked with the Gouldsboro-based company to create a successful SBIR application. Read more »