On September 29, North Atlantic portfolio company LumiraDx, rang the bell to open trading on NASDAQ. LumiraDx merged with CA Healthcare Acquisition Corp. (CAHC), a Special Purpose Acquisition Company (SPAC), and now trades on NASDAQ under the ticker symbol LMDX.
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 [...]
Suzy recently finalized a $50M Series D round led by H.I.G. Capital, with participation from North Atlantic. This latest round of investment doubles the funding that Suzy has raised as the company continues its rapid growth in real-time market research.
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.
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 [...]
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.
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." [...]
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 [...]
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 [...]