STARC Systems Closes $3.4M Round Led by Blue Heron Capital

12/6/17

By Whit Richardson, TechCo

STARC Systems, a five-year-old company in Brunswick, Maine, that sells innovative containment systems for the construction industry, has received a $3.4 million investment led by Blue Heron Capital.

Blue Heron has a “growth-equity” investment fund that focuses on the healthcare and tech-enabled business services industries. The total $3.4 million was provided by Blue Heron Capital’s fund and a related entity, according to the Finance Authority of Maine.

The Finance Authority of Maine also received details of the investment because Blue Heron applied to receive nearly $1.7 million in refundable tax credits (50 percent of the total investment) through the state’s Seed Capital Tax Credit program.

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