Coastal Ventures II

Overview

Coastal Ventures II is a venture capital firm that invests in early-stage companies across various industries, focusing on innovative businesses with high growth potential. The firm seeks to provide equity investments in companies exhibiting the potential to grow profitably and provide attractive financial returns. Coastal Ventures II is managed by CEI Ventures, Inc., a subsidiary of Coastal Enterprises, Inc. (CEI), a non-profit community development financial institution (CDFI) and innovative leader in rural business development. CEI Ventures is one of the only venture capital firms in the U.S. with a mission focus and proven strategy to help create good jobs. Since 1996, CEI Ventures has raised over $67 million and invested in 67 companies across five funds, helping to create 2,800 new jobs in geographic regions and with demographic populations often overlooked by traditional venture capital investors. The firm operates in Maine, New Hampshire, and Vermont, targeting industries such as technology, healthcare, consumer products, energy, manufacturing, agriculture, education, financial services, real estate, media, telecommunications, transportation, retail, hospitality, and professional services. Coastal Ventures II focuses on seed, early-stage, and growth investments, with a typical investment size ranging from $1 million to $5 million. The firm's mission is to mobilize private capital markets while advancing social goals, creating quality employment opportunities, promoting progressive management practices, supporting socially beneficial products and services, enriching distressed communities, and fostering environmental sustainability. CEI Ventures, Inc. completed the final closing of its fifth fund, Coastal Ventures V LP, the 'Good Jobs Fund,' at $21.5 million in July 2022, marking the largest fund in CEI Ventures' 26-year history. This fund continues the firm's commitment to investing in companies that create good jobs and promote economic development in underserved regions. The firm's portfolio includes a diverse range of companies across various sectors, reflecting its broad investment focus and commitment to fostering innovation and economic growth in the regions it serves. CEI Ventures' approach combines financial returns with social impact, aiming to create sustainable businesses that contribute positively to their communities and the broader economy. By focusing on early-stage companies with high growth potential, Coastal Ventures II plays a crucial role in supporting the entrepreneurial ecosystem and driving economic development in the United States.

Investment Focus

• Innovative business models
• High growth potential
• Alignment with social impact goals
• Operational in Maine, New Hampshire, or Vermont