PORTLAND, MAINE – Opus Ventures LP and MyHealthMath Inc. today announced the formation of the MyHealthMath Direct Investment Fund (the “Fund”) though which Opus Ventures LP made an investment in MyHealthMath, Inc. The Fund is qualified under the Finance Authority of Maine’s (FAME) Seed Capital Tax Credit Program, which allows nonprofit and out of state investors to participate in FAME’s tax credit program. Opus Ventures, a Portland based private capital and investment firm, will manage the Fund.
“We are pleased to help put capital to work in this exceptional Portland, Maine based start-up,” said Jacques Santucci, managing director of Opus Ventures and president of Opus Consulting Group. “MyHealthMath is saving money for employers and their employees with an innovative high tech / high touch approach.”
“At MyHealthMath, we know that high quality inputs produce powerful results,” said founder and CEO Bob Watterson. “That’s why we’ve developed an integrated, data-driven solution combining our unique personalized approach with breakthrough predictive modeling, giving employers and their employees the numbers they need to make informed decisions.”
Opus Ventures LP is a venture capital fund investing primarily in Maine businesses both on a direct basis and through targeted sub funds like the MyHealthMath Direct Investment Fund and the Western Maine Venture Fund. Investors in the Fund may be eligible for benefits from FAME’s Maine Seed Capital Tax Credit Program.
About Opus Ventures
Our success formula is driven by clear operating goals, an experienced management team and a growing demand for funding and start-up assistance. We focus in making investments in alternative healthcare, high technology, manufacturing, environmental, biotechnology, financial services and emerging industries. For more information, visit http://opusventures.us/
About MyHealthMath (MHM)
MyHealthMath, Inc., a Delaware corporation, was created to solve consumer confusion around health insurance choice through innovative decision-support technology. Harnessing the power of people acting in their own best interest, MyHealthMath saves money for both employers and employees by helping people analyze their health insurance options and become better consumers. Based in Portland, Maine, MHM has direct and SAAS clients throughout the US.