Maine Connectivity Authority

Maine Connectivity Authority

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Investment Firm

Overview

Maine Connectivity Authority (MCA) is a quasi-governmental agency charged with achieving universal access of affordable high-speed broadband in Maine.

The MCA will work to ensure three goals: 1.) That effective, accessible connectivity be universally available in the state; 2.) that there be secure, affordable, reliable, competitive, sustainable and forward-looking infrastructure that can meet future needs; and 3.) that all residents, businesses and institutions in Maine be able to take full advantage of the economic, health, educational and other opportunities available through connectivity services.

Highlights

Founded

2021

Industry

Employees

11-50

Investment

7

Lead Investment

7

Exits

4

Stages

N/A

Investor Type

Government Office

Location

Portland, Maine, United States, North America

Contact Information

Social

Profile Resume

Maine Connectivity Authority, established in 2021 and headquartered in United States, North America., specializes in investments across Internet, Telecommunications, Database, Wireless, Transportation, Technical Support, Satellite Communication, ISP, Wired Telecommunications, Information Technology. The organization boasts a portfolio of 7 investments, with an average round size of $2.3M and 4 successful exits. Their recent investments include FirstLight, Tidewater Telecom, Premium Choice Broadband, GoNetspeed, Consolidated Comunications Holdings. The highest investment round they participated in was $162.7M. Among their most notable exits are FirstLight and Tidewater Telecom. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

N/A

Investment portfolio

Maine Connectivity Authority has made 7 investments. Their most recent investment was on Apr 24, 2023, when Tidewater Telecom raised $2.5M.

Maine Connectivity Authority has made 1 diversity investments. Their most recent diversity investment was on Apr 24, 2023, when Comcast raised $276.0K.

investments

7

Diversity investments

1

Lead investments

7

Number of exits

4

Investments

7

Annouced DateOrganization NameIndustryMoney Raised
Apr 24, 2023
GoNetspeed GoNetspeed
Information Technology2.5M
Apr 24, 2023
Premium Choice Broadband Premium Choice Broadband
Internet928.8K
Apr 24, 2023
Tidewater Telecom Tidewater Telecom
Telecommunications2.5M
Dec 19, 2023
FirstLight FirstLight
Internetnull

Exits

4

Funding Timeline

Funding rounds

7

Investors

0

Funds

0

Funding Rounds

7

Maine Connectivity Authority has raised 7 rounds. Their latest funding was raised on Dec 19, 2023 from a Grant - FirstLight round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Apr 24, 2023
Grant - GoNetspeed Grant - GoNetspeed
-2.5M-
Apr 24, 2023
Grant - Premium Choice Broadband Grant - Premium Choice Broadband
-928.8K-
Apr 24, 2023
Grant - Tidewater Telecom Grant - Tidewater Telecom
-2.5M-
Dec 19, 2023
Grant - FirstLight Grant - FirstLight
-0-

Investors

0

There is no funding round available on this profile

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

Invest in industries

N/A