Who Are the Maine Angels?

The Maine Angels are accredited private equity investors who invest in and mentor early stage companies. Our goal is to make investments in promising entrepreneurs in Maine and New England. We stand with the ACA: We have no place for racism.

A Member Network

An essential element of the Maine Angels organization is the exchange of information among members. Experienced early stage investors share their insights with members who are just entering the angel investment arena. This group engagement is applied throughout the application process, beginning with pre-screening, questioning of presenters at meetings, and member debrief discussions. After every presentation by an entrepreneur, members who are interested in the proposal form a working group with a designated deal lead. The members work collaboratively through the due diligence process, leveraging the group's expertise and connections, and negotiate a deal for all members to be able to consider. Once due diligence is complete and deal terms have been established, each member individually chooses whether or not to invest.

Dirigo Angel Fund I is a pool from qualified individuals and institutional investors that follows the same general process with Maine Angels but makes its own investment decisions.

Bill Thomas has been a member of the Maine Angels since 2020. As a Maine Angel member, Bill has invested in multiple Maine based startups, including acting as a deal lead.

Bill is excited to be in Maine full time after spending each summer in Boothbay Harbor. He is the current President and CEO of Wedgewood Partners, a $1.3B Investment Management firm. He has previously served board member of a Boston based startup.

Mary Ellen Eagan has been a member of the Maine Angels since 2022. She has invested in several Maine startups and supported deal teams. Mary Ellen is passionate about investing in Maine businesses, especially those that are led by women and focused on the environment.

Ms. Eagan is an environmental consultant and former CEO of a national transportation consulting firm based in Massachusetts.