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North Atlantic Capital portfolio company Wasabi closes on $112M Series C funding round.

The round was led by Fidelity Management & Research Company with participation from existing investors, including North Atlantic. The Series C round valued Wasabi at $700 million. IDC has recognized Wasabi for its unique cloud storage offering that meets both "hot" and "cold" specifications as a key differentiator in the global data storage market. Wasabi [...]


Boost Payment Solutions, a North Atlantic Capital portfolio company, recently announced a $22M Series C funding round.

The round was led by Invictus Growth Partners with participation from existing investors, including North Atlantic. Boost optimizes how commercial card payments are initiated, processed, received and reported. Boost’s technical innovations have transformed commercial cards into a cost effective, scalable and secure alternative to traditional checks, wires and ACH. More information is available here.


Stifel Financial Acquires North Atlantic Capital’s Future Venture Investment Business

ST. LOUIS and PORTLAND, Maine, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Stifel Financial (NYSE: SF) today announced an agreement to acquire the future business of North Atlantic Capital Corporation, based in Portland, Maine. The acquisition further positions Stifel as an active manager of small business investment corporations (“SBIC”) and of venture capital (“VC”) funds. In [...]


NinthDecimal merges with InMarket, creating marketing leader

NAC portfolio company NinthDecimal has merged with InMarket, creating a profitable, rapidly growing omnichannel marketing platform with $100M of projected revenue in 2020. NinthDecimal's CEO, Mike Fordyce, joins the InMarket team as Chief Business Officer, and David Staas transitions to Chief Product Officer of the combined company. For more information, click here.


LumiraDx receives EUA approval for POC Covid-19 antigen test

The U.S. Food and Drug Administration granted an Emergency Use Authorization (EUA) for the LumiraDx SARS-CoV-2 antigen test. This is only the third Covid-19 antigen test granted EUA approval by the FDA, and it showed 97.6% accurate results in under 12 minutes. According to the company, this makes it "the fastest, most sensitive antigen point-of-care test currently commercially available." [...]


Private equity firm Great Hill Partners acquires stock media service Storyblocks

North Atlantic Capital is very pleased to announce the acquisition of Storyblocks by Great Hill Partners. North Atlantic Capital invested in Storyblocks in May 2015. Congratulations to the deep and talented team at Storyblocks, and to our co-investors Updata Partners and QED Investors. The investment in Storyblocks is another successful example of North Atlantic’s use [...]


ELL Software Provider Funded by NAC

Boston-based ed-tech company Ellevation Education has recently received a funding round from North Atlantic Capital. The funding will allow Ellevation to expand its sales and marketing team and increase spending on product offerings. Ellevation Education is a leading provider of English Language Learning (ELL) software solutions for school districts throughout the United States. Ellevation helps [...]


North Atlantic Capital is pleased to announce our recent investment in Boost Payment Solutions, Inc.

BoostBoost logo Payment Solutions is a global provider of B2B payment technologies that optimize the use and acceptance of commercial cards. Proudly celebrating ten years since its founding in January 2009, Boost has reinvented how commercial card payments are initiated, accepted and processed for thousands of companies around the world. As the only FinTech acquirer [...]


VideoBlocks | Upstart Stock Video Company Gets Validation From Cable Powerhouse Discovery

VideoBlocks, primarily a company that is a repository and market place for stock video, has a super simple business model – it makes all of its money through annual membership fees that gives customers access to that content. So they went in search of the kind of content that can do this heavy lifting — [...]


VideoBlocks | VideoBlocks Partners With Discovery Access To Make Quality Stock Video From Around The World Affordable For All Digital Creators

RESTON, Va., Dec. 22, 2015 /PRNewswire/ -- Video editing hobbyists, freelancers and professionals alike can rejoice: VideoBlocks, the first subscription-based provider of stock video, today announced the addition of Discovery Access, the content licensing arm of Discovery Communications, to its Marketplace, the industry's most contributor-friendly marketplace that rewards content creators with 100% of the proceeds from [...]

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