DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / CEI Ventures, Inc.
CEI Ventures, Inc.
For nearly 30 years, we have successfully identified and cultivated growth-oriented businesses that create good jobs for people living in areas overlooked by traditional VC firms. We finance and help to grow businesses that pay a living wage, provide basic benefits and host a fair and engaging workplace that offers opportunities for training and advancement.
corporate parent: Coastal Enterprises, Inc.
Importance
28
moderate
Active deployment
30
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
13
low
Identity and regulatory footprint
- Headquarters
- Brunswick, MEadviserinfo.sec.gov
- Office address
- 30 FEDERAL STREET, SUITE 400, Brunswick, ME, 04011adviserinfo.sec.gov
- Business phone
- 207-504-5900adviserinfo.sec.gov
- Website
- http://www.ceiventures.com
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 3, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $33.1Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Coastal Enterprises, Inc. (Shareholder), E
- business phone
- 207-504-5900adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
55 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 93%Other Technology 7%
lead rate n/afollow-on rate n/anew logos, 12 months 55
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Coastal Ventures V Sidecar Fund Limited Partnership | Fund | 2022 form d first sale | Active deployment | $3.4M Mar 21, 2024 | 30 | $3.4M of $3.4M | Jan 8, 2024 |
| Coastal Ventures V Limited Partnership | Fund | 2021 form d first sale | Mature | $21.7M Mar 21, 2024 | 46 | $15.9M of $25.0M | Mar 3, 2022 |
| Coastal Ventures IV Limited Partnership | Fund | 2015 form d first sale | Harvest | $13.0M Mar 21, 2024 | 27 | $7.7M of $25.0M | Jan 13, 2016 |
| Coastal Ventures III Limited Partnership | Fund | 2011 form d first sale | Harvest | $10.1M Mar 21, 2024 | 28 | $5.5M of $10.0M | Apr 8, 2011 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
26 current, 0 departed
Betsy Biemann
Board or advisoryBoard or Advisory Board Member
Blake Trippet
Board or advisoryBoard or Advisory Board Member
Bruce G Nickerson
Board or advisoryBoard or Advisory Board Member
Carlos R. Mello
Board or advisoryBoard or Advisory Board Member
Carlos Robert Mello
Board or advisoryBoard Member · since Feb 1, 2013
Colin March
Board or advisoryBoard or Advisory Board Member
Corson Ellis
Board or advisoryBoard Member · since Jan 1, 2019
Dana Myles
Board or advisoryBoard or Advisory Board Member
David Wedick
Board or advisoryBoard Member · since Aug 1, 2015
Elisabeth Biemann
Board or advisoryBoard Member · since May 1, 2016
Elizabeth R. Butler
Board or advisoryBoard or Advisory Board Member
Elizabeth R. Butler
Board or advisoryBoard Member · since Mar 1, 2014
Frank J. Governali
Board or advisoryBoard or Advisory Board Member
Frank Joseph Governali
Board or advisoryBoard Member · since Mar 1, 2015
Grady Vanderhoofven
Board or advisoryBoard or Advisory Board Member
Miriam L. Shark
Board or advisoryBoard or Advisory Board Member
Miriam Sharp
Board or advisoryBoard Member · since Mar 1, 2018
Sandra Stone
Board or advisoryBoard Member · since Mar 1, 2016
Uche Osuji
Board or advisoryBoard or Advisory Board Member
Uchechukwu Stanley Chibueze Osuji
Board or advisoryBoard Member · since Feb 1, 2021
Nathaniel Henshaw
Founder or executivePresident · since Oct 1, 1994
Chandler Jones
PartnerManaging Director of CEI Ventures
David Chandler Jones
PartnerManaging Director · since Jan 1, 2013
Nat Henshaw
PartnerManaging Director of CEI Ventures
Michael Salisbury
Platform and operationsFinance and Fund Administration Manager
Shannon Bean
PrincipalPrincipal
Investments on record
55 edges, 55 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
6 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
5 dated events
- Mar 21, 2024Coastal Ventures V Sidecar Fund Limited Partnership first reported on Form ADV by CEI Ventures, Inc. (Venture Capital Fund), GAV $3,421,500Fund first reported on Form ADVFundsFactCoastal Ventures V Sidecar Fund Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 10, 2021CEI Ventures, Inc. first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 10, 2021Coastal Ventures IV Limited Partnership first reported on Form ADV by CEI Ventures, Inc. (Venture Capital Fund), GAV $9,287,163Fund first reported on Form ADVFundsFactCoastal Ventures IV Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 10, 2021Coastal Ventures III Limited Partnership first reported on Form ADV by CEI Ventures, Inc. (Venture Capital Fund), GAV $8,286,081Fund first reported on Form ADVFundsFactCoastal Ventures III Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 10, 2021Coastal Ventures V Limited Partnership first reported on Form ADV by CEI Ventures, Inc. (Venture Capital Fund), GAV $14,729,311Fund first reported on Form ADVFundsFactCoastal Ventures V Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Corporate venture (confirmed, 95%, cls-1)corporate parent: Coastal Enterprises, Inc.
Evidence
45 observations from 3 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | vc_exemption,vc_funds_reported | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC exemption claimed | venture_capital_fund_adviser | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC exemption claimed | venture_capital_fund_adviser | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| SEC adviser type | exempt_reporting_adviser | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC adviser type | exempt_reporting_adviser | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| First Form ADV filing | 2021-08-10 | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Latest Form ADV filing | 2026-03-03 | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Latest Form ADV filing | 2024-03-21 | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| SEC status | ERA - Active | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC status effective | 2023-10-10 | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Venture share of reported funds | 1 | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Business phone | 207-504-5900 | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Business phone | 207-504-5900 | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Contact page url | https://www.ceimaine.org/contact/ “contact page linked from the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | For nearly 30 years, we have successfully identified and cultivated growth-oriented businesses that create good jobs for people living in areas overlooked by traditional VC firms. We finance and help to grow businesses that pay a living wage, provide basic benefits and host a fair and engaging workplace that offers opportunities for training and advancement. “meta description” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | For nearly 30 years, we have successfully identified and cultivated growth-oriented businesses that create good jobs for people living in areas overlooked by traditional VC firms. We finance and help to grow businesses that pay a living wage, provide basic benefits and host a fair and engaging workplace that offers opportunities for training and advancement. “meta description” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Headquarters | Brunswick, ME | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Headquarters | Brunswick, ME | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Office address | 30 FEDERAL STREET, SUITE 400, Brunswick, ME, 04011 | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Office address | 30 FEDERAL STREET, SUITE 400, Brunswick, ME, 04011 | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Self-described type | venture_capital “Managing socially responsible venture capital funds in Maine and across the country.” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Self-described type | venture_capital “Managing socially responsible venture capital funds in Maine and across the country.” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Legal form | Corporation | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Legal form | Corporation | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Portfolio page | https://www.ceimaine.org/subsidiaries/cei-ventures/portfolio/ “55 entries read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Portfolio page | https://www.ceimaine.org/subsidiaries/cei-ventures/portfolio/ “55 entries read” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Private funds reported | 4 | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Private funds reported | 4 | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Private fund gross assets (reported) | $33.1M | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Private fund gross assets (reported) | $48.2M | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Team page | https://www.ceimaine.org/subsidiaries/cei-ventures/our-team/ “15 name/title pairs read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://www.ceimaine.org/subsidiaries/cei-ventures/our-team/ “14 name/title pairs read” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Venture funds reported | 4 | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Venture funds reported | 4 | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Website | http://www.ceiventures.com | Mar 3, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Website | http://www.ceiventures.com | Mar 21, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Website resolved domain | ceimaine.org “https://ceiventures.com/ redirected to https://www.ceimaine.org/subsidiaries/cei-ventures/” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Website resolved domain | ceimaine.org “https://ceiventures.com/ redirected to https://www.ceimaine.org/subsidiaries/cei-ventures/” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Website resolved domain | ceimaine.org “https://ceiventures.com/ redirected to https://ceimaine.org/” | Sep 14, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Site title | CEI Ventures “title tag” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Site title | CEI Ventures “title tag” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |