CEI Capital Management

CEI Ventures

A Wholly Owned Subsidiary of CEI

CEI Ventures manages socially responsible venture capital funds. For more than 25 years, CEI Ventures has successfully identified and cultivated growth-oriented businesses that create good jobs for people living in rural towns and small gateway cities across the Northeast. We finance and help to grow businesses that pay a living wage, offer basic benefits, such as health care coverage, and provide a fair and engaging workplace with access to training programs, enabling workers to earn wage increases as their skills increase. 

  • Over $60 million raised in five funds
  • Invested in 64 companies
  • Created 2,700 new jobs

CEI Venture’s track record demonstrates that a focus on good jobs drives good business strategy, strong investment performance and profitability. We manage balanced equity portfolios, diversified by geography, industry, stage of business development and social benefits. CEI Ventures has a history of finding innovative entrepreneurs in promising industries, assessing business opportunity and managing risk in light of social, economic and environmental trends, and bringing in other investors along the way.

As the COVID-19 pandemic unfolds, entrepreneurs are identifying ways to participate in and drive economic recovery, capitalizing on new trends and technologies created its wake. Access to capital and expertise will be critical to the growth and survival of these companies. Often staged through multiple financing, target equity investments in companies generally range from $250,000 to $1 million.


Social Agreement

We identify entrepreneurs committed to good corporate citizenship and environmental stewardship, and each new portfolio company agrees to advance our broad ranging social goals by entering into a Social Agreement. With each investment, we bring our knowledge of socially responsible management practices, working together with our parent organization, CEI, to introduce workforce development specialists along with environmental, technical assistance, and consulting relationships.

CEI’s Workforce Solutions team serves as an intermediary, linking CEI’s lending and investment functions to the employment and training needs of people with low-to-moderate incomes.


Our Portfolio

  • Coastal Ventures V LP

    $14.85 Million Venture Capital Fund
    Vintage 2020

    Managed by CEI Ventures Inc.
    Brunswick, Maine

  • Coastal Ventures IV LP

    $10.145 Million Venture Capital Fund
    Vintage 2015

    Managed by CEI Ventures Inc.
    Brunswick, Maine

  • Coastal Ventures III LP

    $10.135 Million Venture Capital Fund
    Vintage 2011

    Managed by CEI Ventures Inc.
    Brunswick, Maine

  • Coastal Ventures II LLC

    $20 Million Venture Capital Fund
    Vintage 2001

    Managed by CEI Ventures Inc.
    Brunswick, Maine

  • Coastal Ventures Limited Partnership

    $5.54 Million Venture Capital Fund
    Vintage 1996

    Managed by CEI Ventures Inc.
    Brunswick, Maine


Filter Portfolio

  • A&B Electronics

    ExitedCoastal Ventures Limited Partnership

    A&B Electronics

    Berlin, NH
    Rapper coils for pollution control industry
    Green & Environmental | Rural & Low Income Job Creation, Environmental
  • Aqua ViTea

    Coastal Ventures V LP

    Aqua ViTea

    Middlebury, VT - https://www.aquavitea.com/
    Using only premium teas and ingredients, Aqua ViTea produces authentic, non-alcoholic Kombucha – to be enjoyed by all.
    Consumer Products & Services, Green & Environmental, Natural & Organic Foods | Environmental, Natural Foods, Natural Products
  • Avia Biosystems

    ExitedCoastal Ventures III LP

    Avia Biosystems

    Norton, MA - https://www.unchainedlabs.com/
    Chemical denaturation techniques for large scale protein stability studies
    Biotechnology, Electronics & Instrumentation | Healthcare, Job Creation
  • Beacon Analytical Systems

    ExitedCoastal Ventures Limited Partnership

    Beacon Analytical Systems

    Portland, ME - http://www.beaconkits.com/
    Immunodiagnostic kits for environmental & food/feed testing markets
    Biotechnology | Job Creation
  • BlueTarp Financial

    ExitedCoastal Ventures II LLC

    BlueTarp Financial

    Portland, ME - http://www.bluetarp.com/
    Commercial credit services to the building materials industry
    Financial Services | Job Creation
  • BroadcastAmerica.com

    ExitedCoastal Ventures Limited Partnership

    BroadcastAmerica.com

    Portland, ME
    Internet streaming for broadcast radio stations
    Media | Job Creation
  • Bush Equities dba Cuddledown

    ExitedCoastal Ventures Limited Partnership

    Bush Equities dba Cuddledown

    Portland, ME - http://www.cuddledown.com/
    Direct markets & manufactures superior quality down products & luxury bedding
    Consumer Products & Services | Rural & Low Income Job Creation
  • Certify, Inc.

    ExitedCoastal Ventures III LP

    Certify, Inc.

    Portland, ME - http://www.certify.com
    Developer of corporate travel and expense management software
    Software | Job Creation
  • Chemogen

    ExitedCoastal Ventures II LLC

    ExitedCoastal Ventures Limited Partnership

    Chemogen

    Portland, ME - http://www.chemogen.com/
    Develops novel diagnostic tests for Tuberculosis
    Biotechnology | Healthcare
  • Chomp

    ExitedCoastal Ventures II LLC

    Chomp

    Weymouth, MA
    All natural treats for dogs & cats packaged as the YipYap, Sniffers & Pit'r Pat brands
    Consumer Products & Services | Job Creation, Woman Owned Business, Natual Pet Care
  • CitySoft

    ExitedCoastal Ventures Limited Partnership

    CitySoft

    Boston, MA - http://www.citysoft.com/
    Enterprise software for nonprofits, educational institutions & social sector organizations
    IT Services | Education
  • Clickshare Service

    ExitedCoastal Ventures Limited Partnership

    Clickshare Service

    Williamstown, MA - http://www.clickshare.com/
    Micro-payment aggregator for web-based digital content providers
    IT Services | Job Creation
  • Coast of Maine Organic Products

    ExitedCoastal Ventures Limited Partnership

    Coast of Maine Organic Products

    (Marion Township ME) Portland, ME - http://www.coastofmaine.com/
    Produces organically certified soils, composts, barks, mulches & fertilizers
    Consumer Products & Services | Rural & Low Income Job Creation
  • Constant Energy Capital

    Coastal Ventures IV LP

    Constant Energy Capital

    Portland, ME - http://www.constant.ai
    Constant is a Portland-based fintech that provides ground-breaking, automated loss mitigation solutions to lenders including banks, fintechs and independents.  Their Constant+ platform helps financial organizations reduce delinquency and loss on consumer debt by providing a self-service option for borrowers to lower their monthly debt payments or opt for alternative workout solutions. Constant received an AITech Award for Best in Consumer AI Technology in and named to the 2020 Benzinga Global Fintech Listmakers.
    Green & Environmental, Financial Services | Job Creation, Woman Owned Business
  • ExitedCoastal Ventures Limited Partnership

    Cormier Textile Products

    York, ME
    Converted industrial fabrics into protective sheeting, tarps, blankets, relief shelters
    Consumer Products & Services | Rural & Low Income Job Creation
  • CourseStorm Inc

    Coastal Ventures IV LP

    CourseStorm Inc

    Orono, Maine - https://www.coursestorm.com/
    CourseStorm was founded in 2012, a web development firm with deep ties to educational organizations, municipalities, and non-profits.  CourseStorm is a software-as-a-service (SaaS) platform for local education providers, helping them take registrations, process payments, and market classes online. CourseStorm charges small fees to both the provider and student when a registration is placed online.
    Software | Rural & Low Income Job Creation, Job Creation, Education
  • Culture Fresh Foods Inc.

    Coastal Ventures IV LP

    Culture Fresh Foods Inc.

    Naugatuck, CT - http://www.culturefreshfoods.com/
    Culture Fresh Foods Inc. produces plant-based milks, yogurts, and creamers.
    Consumer Products & Services, Natural & Organic Foods | Rural & Low Income Job Creation, Job Creation, Natural Foods, Natural Products
  • CV Finer Foods

    ExitedCoastal Ventures Limited Partnership

    CV Finer Foods

    Winthrop, ME
    World Harbors Marinades for cooking
    Natural & Organic Foods | Rural & Low Income Job Creation, Natural Foods
  • Definition6 [fka Synaptic Digital fka The NewsMarket]

    ExitedCoastal Ventures II LLC

    Definition6 [fka Synaptic Digital fka The NewsMarket]

    (China, India, UK) New York, NY - http://www.definition6.com/
    Global multimedia communications production services & distribution platform
    IT Services | Job Creation, Woman Owned Business
  • Dream Local Digital

    Coastal Ventures IV LP

    Dream Local Digital

    Rockland, Maine - https://dreamlocal.com/
    Founded in 2009, Dream Local Digital is a growing digital advertising agency with a strong focus on social media. Dream Local delivers innovative social marketing at scale to small and medium sized businesses (SMBs) and has successfully served thousands of businesses throughout North America with online marketing campaigns focused on social media. The business is built to scale through its ResultsBuilder™ platform that combines process and technology to cost-effectively bring best of breed solutions at affordable prices.
    Media | Rural & Low Income Job Creation, Job Creation, Woman Owned Business
  • eCopy fka Simplify Development

    ExitedCoastal Ventures Limited Partnership

    eCopy fka Simplify Development

    (UK) Nashua, NH - http://www.ecopy.com/
    Develops digital document solutions for integration into business applications
    Software | Job Creation
  • Ektron Inc.

    ExitedCoastal Ventures III LP

    Ektron Inc.

    Nashua, NH - http://www.ektron.com/
    Software products and services, web content management, digital experience management
    Software | Job Creation, Job Retention
  • EnvisionNet Computer Services

    ExitedCoastal Ventures Limited Partnership

    EnvisionNet Computer Services

    Brunswick, ME
    Technical support & customer care contact center for tech-based businesses
    Business Services | Rural & Low Income Job Creation
  • Foreside Company

    ExitedCoastal Ventures II LLC

    Foreside Company

    Gorham, ME
    Imported home furnishings
    Consumer Products & Services | Rural & Low Income Job Creation
  • FreeBorders fka Animated Images (Camden ME)

    ExitedCoastal Ventures Limited Partnership

    FreeBorders fka Animated Images (Camden ME)

    San Francisco, CA
    Design-to-delivery graphic software solution for apparel industry
    Software | Job Creation
  • Genicon Inc.

    Coastal Ventures IV LP

    Genicon Inc.

    Winter Park, FL - http://geniconendo.com/
    Genicon (“the company”) is a leading designer, manufacturer, and distributor of disposable medical instruments used in Laparoscopic, or minimally invasive surgical (MIS) procedures.
    Healthcare | Healthcare, Job Creation
  • HCI Systems

    ExitedCoastal Ventures II LLC

    ExitedCoastal Ventures Limited Partnership

    HCI Systems

    Kennebunk, ME
    Building Blocks facilities asset management software
    Software | Rural & Low Income Job Creation
  • HomeBistro Foods

    ExitedCoastal Ventures II LLC

    HomeBistro Foods

    Plattsburg, NY - http://www.dinewise.com/
    Gourmet chef prepared meals for home delivery
    Natural & Organic Foods | Rural & Low Income Job Creation
  • Hyperlite Mountain Gear

    Coastal Ventures III LP

    Hyperlite Mountain Gear

    Biddeford, ME - https://www.hyperlitemountaingear.com/
    Designs, manufactures and sells backpacks, tents, and accessories
    Consumer Products & Services | Rural & Low Income Job Creation
  • Innov-X Systems

    ExitedCoastal Ventures II LLC

    Innov-X Systems

    (Australia, China, The Netherlands, Kingston NH) Woburn, MA
    High performance x-ray fluorescence analyzers
    Electronics & Instrumentation | Job Creation
  • Intellicare America

    ExitedCoastal Ventures Limited Partnership

    Intellicare America

    South Portland, ME
    Medical contact centers network
    Healthcare | Healthcare, Job Creation
  • Juno Rising

    ExitedCoastal Ventures II LLC

    Juno Rising

    Burlington, VT
    Technical outdoor apparel for women under the brand name Isis
    Consumer Products & Services | Woman Owned Business
  • Junora LTD

    Coastal Ventures IV LP

    Junora LTD

    Biddeford, Maine - http://www.junoraltd.com/
    Junora is a new start up company involved in the manufacturing of high purity and specialty alloy sputtering targets used in various markets that utilize thin film coatings applied via vacuum deposition.
    Consumer Products & Services | Rural & Low Income Job Creation, Job Creation
  • Look’s Gourmet Food

    ExitedCoastal Ventures II LLC

    Look’s Gourmet Food

    Whiting, ME - http://www.barharborfoods.com/
    Bar Harbor & Atlantic seafoods, meats, chowders & specialty products
    Natural & Organic Foods | Rural & Low Income Job Creation
  • Maine Craft Distilling

    Coastal Ventures IV LP

    Maine Craft Distilling

    Portland, ME - http://www.mainecraftdistilling.com/
    Maine Craft Distilling (MCD) produces super-premium, craft spirits in the “Yeast (East) Bayside” neighborhood of Portland, Maine.
    Consumer Products & Services | Job Creation
  • Maine Trailer

    ExitedCoastal Ventures Limited Partnership

    Maine Trailer

    (Auburn ME) Bangor, ME - http://www.mainetrailer.com/
    Sells, leases, repairs and services storage & over-the-road trailers
    Business Services | Rural & Low Income Job Creation
  • MedRhythms

    Coastal Ventures V LP

    MedRhythms

    Portland, ME - https://www.medrhythms.com/
    Creators of a digital therapy platform aimed at measuring and improving someone’s ability to walk after they have experienced a neurologic injury or disease.
    Healthcare | Healthcare
  • Metrobility Optical Systems

    ExitedCoastal Ventures II LLC

    Metrobility Optical Systems

    Merrimack, NH
    Optical solutions for network infrastructure
    Business Services | Job Retention
  • Mingle Analytics

    Coastal Ventures III LP

    Mingle Analytics

    South Paris, ME - http://mingleanalytics.com/
    Software product helps healthcare practitioners comply with complex and rapidly evolving Medicare quality reporting requirements
    Software, Healthcare | Healthcare, Rural & Low Income Job Creation, Job Creation
  • Mobile Price Card

    Coastal Ventures IV LP

    Mobile Price Card

    Bangor, Maine - http://www.mobilepricecard.com/
    Mobile Price Card (MPC) is a mobile application that displays prices on the screens of smartphones and tablets already on display in wireless retail stores. This alone solves many operational problems, such as eliminating the waste and inaccuracies of traditional paper price cards. The company earns revenue through essentially a SAAS model, which can be advertising supported.
    Software, Electronics & Instrumentation | Rural & Low Income Job Creation, Job Creation, Environmental
  • Native Energy

    Coastal Ventures III LP

    Native Energy

    Burlington, VT - http://www.nativeenergy.com/
    Developer of green energy projects and vendor of carbon offset credits
    Green & Environmental | Environmental
  • Navigator Publishing

    ExitedCoastal Ventures Limited Partnership

    Navigator Publishing

    Portland, ME - http://www.navigatorpublishing.com/
    Publishes Professional Mariner & Ocean Navigator magazines, and Smart HomeOwner web-only
    Media | Job Creation
  • NBT Solutions

    Coastal Ventures IV LP

    NBT Solutions

    Portland, ME - https://www.vetrofibermap.com/
    NBT Solutions is a Maine based Software as a Service (SaaS) provider of GIS mapping software for the internet service provider (ISP) marketplace. The company’s premier product, VETRO FiberMap™, is a comprehensive network mapping and fiber management solution for small and midsized ISP’s.
    Software | Job Creation
  • New England 800 dba Taction

    ExitedCoastal Ventures Limited Partnership

    New England 800 dba Taction

    Waldoboro, ME - http://www.taction.com/
    Provides inbound & outbound customer contact center services
    Consumer Products & Services | Rural & Low Income Job Creation
  • New England Audio Resource

    ExitedCoastal Ventures Limited Partnership

    New England Audio Resource

    Lewiston, ME
    High quality indoor & outdoor audio speakers
    Consumer Products & Services | Rural & Low Income Job Creation
  • NextMark

    ExitedCoastal Ventures II LLC

    NextMark

    (Edmund OK) Hanover, NH - http://www.nextmark.com/
    Mailing list reseach systems for the direct marketing industry
    Software | Rural & Low Income Job Creation
  • Ogee Inc.

    Coastal Ventures IV LP

    Ogee Inc.

    Bulington, Vermont - https://ogee.com/
    Ogee Inc. is a luxury, certified-organic skincare brand.  The company uses premier ingredients and the latest scientific technologies to formulate organic products which appeal to the health-conscious consumer.
    Consumer Products & Services | Job Creation, Natural Products
  • PenBay Solutions

    ExitedCoastal Ventures III LP

    PenBay Solutions

    Brunswick, ME - http://penbaysolutions.com/
    GIS mapping solutions for facility management and public safety
    Software | Job Creation, Public Safety
  • Pika Energy Inc.

    ExitedCoastal Ventures IV LP

    Pika Energy Inc.

    Westbrook, Maine - http://www.pika-energy.com/
    Build revolutionary products to capture and manage clean power
    Green & Environmental, Electronics & Instrumentation | Rural & Low Income Job Creation, Job Creation, Environmental
  • RecruiterNet

    ExitedCoastal Ventures II LLC

    RecruiterNet

    Portland, ME
    Projectix applicant tracking & staffing workflow software
    Software | Job Creation
  • RedZone Wireless

    ExitedCoastal Ventures II LLC

    RedZone Wireless

    Rockland, ME - http://www.redzonewireless.com/
    Wireless broadband Internet service in underserved Maine communities
    Telecomuntications | Rural & Low Income Job Creation, Job Creation
  • Research Enhanced Design + Development, Inc

    Coastal Ventures IV LP

    Research Enhanced Design + Development, Inc

    Brunswick, Maine - https://www.reddbar.com/
    R.e.d.d. develops and sells plant-based superfood energy bars
    Natural & Organic Foods | Rural & Low Income Job Creation, Job Creation, Natural Foods
  • Rustic Crust

    Coastal Ventures III LP

    Rustic Crust

    Merrimack, NH - http://www.rusticcrust.com/
    Producer of Rustic Crust and American Flatbread brand all-natural and organic frozen pizza products
    Natural & Organic Foods | Rural & Low Income Job Creation, Natural Foods
  • SciAps Inc

    Coastal Ventures III LP

    SciAps Inc

    Worburn, MA - http://www.sciaps.com/
    Portable analytical instrumentation company dedicated to inventing, engineering, providing, and servicing portable instruments to measure any compound, mineral, or element
    Electronics & Instrumentation | Job Creation
  • SmartPak Equine

    ExitedCoastal Ventures II LLC

    SmartPak Equine

    Plymouth, MA - http://www.smartpakequine.com/
    Custom packaged equine supplements, canine food, supplies
    Consumer Products & Services | Rural & Low Income Job Creation
  • Soleras

    ExitedCoastal Ventures Limited Partnership

    Soleras

    Biddeford, ME - http://www.soleras.com/
    Sputter targets & other consumables for vacuum coating industry
    Consumer Products & Services | Rural & Low Income Job Creation
  • Stillwater Scientific Instruments

    ExitedCoastal Ventures II LLC

    Stillwater Scientific Instruments

    Orono, ME
    Axial-time-of-flight electron mass spectrometers
    Electronics & Instrumentation | Rural & Low Income Job Creation
  • Sun & Earth

    ExitedCoastal Ventures II LLC

    Sun & Earth

    http://www.sunandearth.com/
    All natural non-toxic cleaning products for home & offices
    Consumer Products & Services, Green & Environmental | Job Creation, Natural Products
  • The Gelato Fiasco

    Coastal Ventures III LP

    The Gelato Fiasco

    Brunswick, ME - http://www.gelatofiasco.com/
    Producer of artisan Gelato using only Maine milk and all natural ingredients
    Natural & Organic Foods | Rural & Low Income Job Creation, Natural Foods
  • Tilson Technology Management

    Coastal Ventures IV LP

    Coastal Ventures III LP

    Tilson Technology Management

    Portland, ME - https://tilsontech.com/
    Tilson’s network deployment group designs and builds fiber and wireless networks for wireless and wireline carriers, utilities, and government agencies. Tilson specializes in ultra-dense networks like 5G small cells, with a unique capability to design, permit and build both front haul fiber and small cells on utility poles in the right of way. The company also builds and maintains tower infrastructure and leverages its technical expertise to provide due diligence and public policy consulting to investors and state and local governments.
    Business Services, IT Services, Telecomuntications | Job Creation, Environmental
  • Wentworth Technology Inc.

    ExitedCoastal Ventures III LP

    Wentworth Technology Inc.

    Saco, NH
    Producer of noise cancelling head-set systems for restaurant drive thrus
    Business Services, IT Services | Rural & Low Income Job Creation
The CEI offices remain closed to the public, but we're hard at work! Reach out or click here for a list of COVID-19 Business Resources.
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