Cheating Gourmet gets $2.2 million investment

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The latest PricewaterhouseCoopers MoneyTree report on venture capital investment in Maine shows two deals involving a total cash investment of $2.7 million in the second quarter.

One of Auburn-based Cheating Gourmet’s dishes is a cilantro lime shrimp and rice bowl. (Submitted photo)

The largest deal was for a seafood company in Auburn called Cheating Gourmet Foods, which received a venture capital investment of $2.2 million from Arbel Growth Partners of Milwaukee, according to the report, issued Thursday.

The other deal involved a Biddeford company called Junora LTD that produces advanced metallurgical products for the vacuum coating industry, which uses vacuum conditions to deposit thin coatings on various materials. Junora received $500,000 of venture capital from Brunswick-based CEI Ventures, the report said.

CEI Ventures said it also made a $100,000 investment in geographic information systems firm NBT Solutions LLC of Portland in the second quarter, which was not included in the MoneyTree report.

According to the report, venture capital investment in Maine was down from the first quarter, during which there were three deals totaling $6 million.

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