CEI VENTURES, INC.
CEI VENTURES, INC. is a Seed, Series A and Series C+ fund in Maine and Northeast US writing $500K–$2M checks into AI, Healthcare, biotechnology, business-services, consumer-products-services, environmental, food-and-beverage, information-technology-services, media, natural-organic-foods, software, telecommunications, textile-apparel, it-services and industrial-software.
- Stages
- Seed, Series A, Series C+
- Sectors
- AI, Healthcare, biotechnology, business-services, consumer-products-services, environmental, food-and-beverage, information-technology-services, media, natural-organic-foods, software, telecommunications, textile-apparel, it-services, industrial-software
- Check size
- $500K–$2M
- Invests in
- Maine, Northeast US
- Actively investing
- Yes
- Founded
- 1994
- Assets under management
- $67M+
Thesis
CEI Ventures is a community development venture capital firm founded in 1994, focused on investing in growth-oriented businesses in underinvested markets, particularly in Maine and the broader Northeast US. They prioritize social and environmental impact alongside financial returns, guided by a 'Good Jobs Framework' that emphasizes fair wages and a respectful work environment. They invest across various sectors including biotechnology, healthcare, climate-tech, and software, with a focus on companies at Series A and earlier stages. CEI Ventures provides equity financing and can lead financings or collaborate with partner funds. Their funds have ranged from $14.85 million to $21.5 million, with their fifth fund, the 'Good Jobs Fund', closing at $21.5 million in July 2022. Typical initial equity investments range from $500,000 to $2 million. They are a subsidiary of Coastal Enterprises, Inc. (CEI), a non-profit community development financial institution.
Common questions
Does CEI VENTURES, INC. invest at the Seed stage?
Yes. CEI VENTURES, INC. lists Seed, Series A and Series C+ among the stages it invests in.
What check size does CEI VENTURES, INC. write?
CEI VENTURES, INC. writes $500K–$2M checks.
Where does CEI VENTURES, INC. invest?
CEI VENTURES, INC. invests in Maine and Northeast US.