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 [...]


Springbot | Closes $15 Million in Funding

Springbot, a data-driven marketing platform for eCommerce retailers, announced it has closed $15 million in funding led by North Atlantic Capital with participation from existing investors TechOperators, TTV Capital, Harbert Growth Partners, TechSquare Labs, Forte Ventures and Silicon Valley Bank. Springbot will use the funding to continue developing innovative solutions that support the growth objectives [...]


Chartbeat | Announces New Funding to Fuel Growth

Chartbeat, the content intelligence platform for the world’s leading publishers, today announced that the company has closed a $7 million funding round, led by North Atlantic Capital. The capital will enable Chartbeat to accelerate its leadership position in real-time analytics across desktop, social, and mobile platforms. To read the full press release, click here.


Zignal Labs | Raises $30M to Fuel Growth

Zignal Labs, the leader in AI-powered media analytics and brand measurement, today announced they have raised $30 million in additional capital. Existing investors are going to be joined by new investors Blum Capital Partners and North Atlantic Capital. Zignal will further invest in its artificial intelligence (AI) powered platform, which leverages machine learning to [...]


LendKey | ABA Endorses LendKey’s Digital Lending Solution

Consumers want options when it comes to how they bank. Sixty percent say that it is important that their bank offers mobile and online services, according to a recent survey from the American Bankers Association. Banks and non-banks alike are rushing to meet the demand for digital services. To help community banks remain competitive in [...]

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