Ellevation Education Merges with Curriculum Associates

North Atlantic portfolio company Ellevation Education, recently announced its  merger with Curriculum Associates, a Boston-based ed-tech company with a history  of supporting classroom teaching and learning for more than 50  years. Ellevation will continue to operate as an independent product and brand,  providing solutions to improve the learning experience for teachers and multilingual  students across [...]


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.


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 [...]

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