# CEI Ventures

> CEI Ventures is a VC fund in Portland backing Software and Health Care. See 25 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Portland, United States
- Total investments: 25
- Last investment: Nov 2025
- Lead investor: 40%
- Fund size: $22M
- Last fund: Mar 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/coastal-enterprises/
- X (Twitter): https://twitter.com/CEIMaine
- Website: https://www.ceimaine.org/cei-ventures/
- Facebook: https://www.facebook.com/CEIMaine/

CEI Ventures is a private equity and venture capital investment arm of Coastal Enterprises specializing in seed/start-up, early stage, mid venture investments, recapitalizations, and growth capital investments. It seeks to invest in companies that are emerging, growing, or undergoing a transformation. CEI Ventures primarily invests incompanies in the underserved markets throughout the Northeastern United States specifically in New England. It prefers to make investments in Maine. CEI Ventures typically invests between $250,000 and $1 million often through multiple financings. It prefers to exit its investment between five years and seven years. CEI Ventures seeks to take a board seat in its portfolio companies. It began operation in 1994, with its headquarters at Brunswick in Maine.

## Contacts

5 contacts available for CEI Ventures. Shizune tracks 2 team members at CEI Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/cei-ventures?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 20% |
| Health Care | 4 | 16% |
| Biotechnology | 3 | 12% |
| Manufacturing | 3 | 12% |
| Pharmaceutical | 3 | 12% |

55 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 6 | 24% |
| Funding Round | 6 | 24% |
| Seed | 5 | 20% |
| Series B | 3 | 12% |
| Venture - Series Unknown | 2 | 8% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 20 | 80% |
| South Africa | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Chandler Jones | Managing Director | 5 | https://shizune.co/investors/profile/chandler-jones |
| Betsy Biemann | CEO | 0 | https://shizune.co/investors/profile/betsy-biemann |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Quality Means Business | Quality Means Business specializes in providing regulatory consulting services for the Medtech and Biotech industries. The company assists with FDA submissions, establishes Quality Management Systems, and supports biomedical companies in introducing new products. With a focus on revolutionizing the life science industry, Quality Means Business aimsto fuel innovation through quality for the betterment of humanity. The team, led by CEO Michel Moravia, leverages expertise in risk management, time, and money impacts related to EU MDR decisions, aiming to streamline the regulatory process for clients. | $2M | Seed | Nov 12, 2025 |  |
| Galatea Bio | Galatea Bio, a US-based biotechnology company was founder by Carlos Bustamante, Nicholas Katsanis and Alexander Ioannidis. Our mission is to drive groundbreaking discoveries in healthcare by pairing genetic diversity with cutting-edge data analytics. Our passion is fueled by a focus on populations historically underrepresented in genetics research.We achieve this by leveraging our world-class clinical network and biobank, cutting-edge algorithms, and innovative analyses to discover and validate new tests, treatments, and cures that will improve the lives of all. | $8M | Venture - Series Unknown | Mar 27, 2025 |  |
| HighByte | HighByte is an industrial software development company in Portland, Maine building solutions that address the data architecture and integration challenges created by Industry 4.0. We’ve developed the first DataOps solution purpose-built to meet the unique requirements of industrial assets, products, processes, and systems at the Edge. | $3.2M | Convertible Note | Feb 03, 2023 |  |
| Defendify | Defendify streamlines cybersecurity for organizations without security teams through an easy-to-use, all-in-one platform designed to continuously strengthen cybersecurity posture across people, process, and technology.Defendify delivers multiple layers of protection by providing cybersecurity expertise, support, and its all-in-one, easy-to-useplatform designed to continuously strengthen cybersecurity across people, process, and technology. | $3.4M | Venture - Series Unknown | Aug 18, 2022 |  |
| Defendify | Defendify streamlines cybersecurity for organizations without security teams through an easy-to-use, all-in-one platform designed to continuously strengthen cybersecurity posture across people, process, and technology.Defendify delivers multiple layers of protection by providing cybersecurity expertise, support, and its all-in-one, easy-to-useplatform designed to continuously strengthen cybersecurity across people, process, and technology. |  | Series A | Mar 23, 2022 |  |
| HighByte | HighByte is an industrial software development company in Portland, Maine building solutions that address the data architecture and integration challenges created by Industry 4.0. We’ve developed the first DataOps solution purpose-built to meet the unique requirements of industrial assets, products, processes, and systems at the Edge. | $3.5M | Seed | Dec 08, 2021 |  |
| Crossfin Technology | Crossfin invests in FINTECH solutions to enable growth for economies in Africa and beyond. Crossfin invests in high growth and established cash generative businesses, offering investors a blended exposure to technology investments in Fintech. | $10M | Series B | Oct 30, 2020 |  |
| Culture Fresh Foods | Culture Fresh Foods manufactures Dairy + Non-Dairy products and Beverages. They work with a wide variety of local, national, and global suppliers to produce plant-based foods that appeal to a wide consumer audience. They combine the healthful goodness of ingredients like oats, nuts, coconuts, beans, and seeds into creative formulations that meetthe customer's needs for healthy, convenient, and tasty foods.The company was founded in 2019 and is headquartered in Naugatuck, Connecticut. | $11M | Series A | Sep 05, 2019 |  |
| CourseStorm | CourseStorm is impossibly simple online course registration software. Organizations offering courses can create a simple online catalog, upload courses, and begin taking registrations in just minutes. Their students will have a friendly, usable website to browse, search, and register for course offerings. | $1.2M | Seed | Feb 08, 2019 |  |
| CourseStorm | CourseStorm is impossibly simple online course registration software. Organizations offering courses can create a simple online catalog, upload courses, and begin taking registrations in just minutes. Their students will have a friendly, usable website to browse, search, and register for course offerings. |  | Series B | Feb 08, 2019 |  |

10 of 25 investments shown.

## Co-investors
- [Maine Venture Fund](https://shizune.co/investors/profile/small-enterprise-growth-fund-of-maine) — VC Fund, 9 deals together
- [FreshTracks Capital](https://shizune.co/investors/profile/freshtracks-capital) — VC Fund, 4 deals together
- [Maine Technology Institute](https://shizune.co/investors/profile/maine-technology-institute) — VC Fund, 4 deals together
- [Rand Capital](https://shizune.co/investors/profile/rand-capital) — VC Fund, 4 deals together
- [Maine Angels](https://shizune.co/investors/profile/maine-angels) — VC Fund, 3 deals together
- [Momenta Ventures](https://shizune.co/investors/profile/momenta-ventures) — VC Fund, 3 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does CEI Ventures invest in?

CEI Ventures invests primarily in Software, Health Care and Biotechnology startups, most often at Series A and Funding Round stage. Most of the 25 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact CEI Ventures?

Public channels for CEI Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at CEI Ventures?

The team at CEI Ventures includes Chandler Jones (Managing Director) and Betsy Biemann (CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co