North Atlantic Capital

North Atlantic Capital is a private equity and venture capital firm based in Portland, Maine, founded in 1986. The firm specializes in providing growth capital to innovative technology companies, focusing on sectors such as software as a service, information technology, telecommunications, medical devices, and business-to-business services. It primarily targets later-stage companies with revenues between $3 million and $50 million and typically invests between $1 million and $10 million, often taking a majority stake in its portfolio. North Atlantic Capital emphasizes a structured approach to investing, offering a combination of equity, convertible preferred stock, and subordinated debt, which allows for patient long-term capital and reduced shareholder dilution. The firm is particularly active in the East Coast region of the United States, targeting companies that demonstrate potential for expansion and innovation across various industries.

David Coit

Co-Founder and Managing Director

Michael Nitka

Managing Director

Tyler Walton

CFO

37 past transactions

Sintavia

Debt Financing in 2025
Sintavia is the global leader in applied additive manufacturing for the Aerospace, Defense, & Space industry. With high-speed printers co-located alongside precision post processing equipment, a full complement of mechanical testing equipment, and a full metallurgical and powder laboratory, Sintavia is able to optimize parameters, serially manufacture, and audit quality parts for aerospace applications. A founding member of the Additive Manufacturer Green Trade Association, Sintavia is committed to the highest quality standards in the industry and holds multiple Nadcap and other aerospace accreditations.

Boost Payment Solutions

Series C in 2021
Boost Payment Solutions is a leading B2B acquirer providing organizations with ground-breaking solutions and technology to optimize commercial card payments and acceptance making the migration of paper-based payments to electronic alternatives easy and seamless. Boost Intercept, the company’s innovative payment platform, streamlines commercial card payments by eliminating the need for suppliers to manually process transactions or access card data, expediting reconciliation and reducing the cost of acceptance. Boost Intercept enables suppliers to optimize their card acceptance by supporting “ghost” or single-use cards, without the need to log on to multiple portals, “hunt down” card data and manually process transactions; all of which are resource intensive and present potential data security issues.

Boost Payment Solutions

Debt Financing in 2019
Boost Payment Solutions is a leading B2B acquirer providing organizations with ground-breaking solutions and technology to optimize commercial card payments and acceptance making the migration of paper-based payments to electronic alternatives easy and seamless. Boost Intercept, the company’s innovative payment platform, streamlines commercial card payments by eliminating the need for suppliers to manually process transactions or access card data, expediting reconciliation and reducing the cost of acceptance. Boost Intercept enables suppliers to optimize their card acceptance by supporting “ghost” or single-use cards, without the need to log on to multiple portals, “hunt down” card data and manually process transactions; all of which are resource intensive and present potential data security issues.

Boost Payment Solutions

Series B in 2019
Boost Payment Solutions is a leading B2B acquirer providing organizations with ground-breaking solutions and technology to optimize commercial card payments and acceptance making the migration of paper-based payments to electronic alternatives easy and seamless. Boost Intercept, the company’s innovative payment platform, streamlines commercial card payments by eliminating the need for suppliers to manually process transactions or access card data, expediting reconciliation and reducing the cost of acceptance. Boost Intercept enables suppliers to optimize their card acceptance by supporting “ghost” or single-use cards, without the need to log on to multiple portals, “hunt down” card data and manually process transactions; all of which are resource intensive and present potential data security issues.

Springbot

Series C in 2018
Springbot, Inc. is an e-commerce marketing platform that focuses on serving small and medium-sized retailers. Founded in 2011 and headquartered in Atlanta, Georgia, the company offers a software-as-a-service solution that simplifies the integration of data, content, and multi-channel marketing tools. Its platform includes features such as signup forms, automation and email editors, web campaigns, social marketing tools, and online advertising services. By leveraging data-driven marketing actions, Springbot aims to enhance its clients' revenue growth and optimize their digital marketing efforts. Additionally, the company provides IT implementation support, helping businesses improve their marketing strategies through effective data management and analytics.

Chartbeat

Venture Round in 2018
Chartbeat Inc. is a content intelligence platform founded in 2009 and based in New York, providing software tools designed for publishers to build and retain loyal audiences. The company's offerings include Chartbeat Publishing, a suite of audience-building tools that analyze real-time and historical editorial metrics across various platforms, including desktop, social, and mobile. Chartbeat helps digital publishers understand audience engagement by delivering insights into visitor behavior, traffic sources, and social media interactions. The platform also offers real-time analytics, alerting clients to website performance issues such as crashes or slow load times. By enabling media organizations to measure and optimize their content's impact, Chartbeat aims to enhance audience growth and increase subscriber revenue. The company serves clients both in the United States and internationally.

Zignal Labs

Series D in 2018
Zignal Labs, Inc. offers a real-time analytics platform that monitors online media, providing data-driven insights across various sectors including corporate communications, politics, and finance. Founded in 2011 and headquartered in San Francisco, with an additional office in New York, Zignal Labs utilizes AI-powered technology to analyze billions of data points. This enables organizations to gain contextual situational awareness and make informed decisions quickly. The platform aggregates data from diverse sources, synthesizing social and traditional media into an interactive dashboard that enhances decision-making and protects stakeholders. Previously known as PolitEar, Zignal Labs rebranded in February 2013 to reflect its broader focus on media intelligence.

LendKey

Series C in 2017
LendKey is a financial technology company that creates white-labeled lending solutions that transform financial institutions into profitable digital lending businesses. The company manages the entire lending process, which includes: demand generation, online decisioning, loan origination, customer service and balance sheet management. Based in New York and Cincinnati, the company was founded in 2009.

Kiip

Series C in 2016
Kiip, Inc. is a rewards network and mobile application that provides a moments-targeting platform, allowing brands to deliver automated rewards to consumers at relevant moments within their own applications and across social media platforms. Founded in 2010 and headquartered in San Francisco, California, Kiip offers rewards for virtual achievements, enhancing consumer engagement with brands. The company has raised a total of $15.4 million in funding from various investors, including Relay Ventures, Interpublic Group, and American Express Ventures, among others. Co-founded by Brian Wong, Courtney Guertin, and Amadeus Demarzi, Kiip focuses on creating meaningful interactions between brands and consumers through its innovative rewards system.

ChoiceStream

Series C in 2015
ChoiceStream is a digital advertising service that specializes in programmatic advertising, focusing on cross-device branding and direct response campaigns for brand and agency clients. The company manages all phases of advertising campaigns, from pre-launch planning to completion, ensuring efficiency and effectiveness in reaching target audiences. By utilizing proprietary, poll-based data tailored to individual campaigns, ChoiceStream creates custom, targetable audiences and optimizes campaign results in real time. The company employs advanced machine-learning algorithms alongside a dedicated team of industry experts, which contributes to an impressive client retention rate of 83%, significantly higher than the industry average. This blend of innovative technology and personalized service enables clients to achieve their advertising goals effectively.

StoryBlocks

Debt Financing in 2015
Storyblocks is a subscription-based stock media service that offers unlimited access to a vast library of video, audio, and image assets designed for creatives. Founded in 2001 and headquartered in Arlington, Virginia, the company provides a user-friendly online marketplace where members can download high-definition stock videos, audio tracks, images, templates, and sound effects without the constraints of pay-per-clip models. Through its platforms, including VideoBlocks, GraphicStock, and AudioBlocks, Storyblocks aims to deliver affordable and royalty-free content, enabling creators to focus on storytelling and realize their artistic visions efficiently. The company's commitment to accessibility and cost-effectiveness supports a diverse range of personal and commercial projects.

Appia

Debt Financing in 2013
Appia is the leading mobile user acquisition network; delivering mobile app downloads to over 1 billion users across 200 countries. Its platform was built to best serve the needs of mobile advertisers today, and Appia guarantees more app installs and the highest profit per install for its customers. Appia's robust network and advanced technology ensure apps are delivered to the best quality, largest audience possible. Brands like ngmoco, AppBrain, Fiksu, Playtika, Cupid and Zedge trust Appia with their mobile app discovery. Appia's extensive network of publishers and advertisers is constantly developing and its product portfolio continues to evolve, allowing it to bring quality apps to highly engaged consumers. Appia has raised $30M in funding from Venrock, DCM’s A-Fund, Trident Capital, Eric Schmidt’s TomorrowVentures, Relay Ventures, the Social Internet Fund, Noro-Moseley Partners, and Wakefield Group. The Wall Street Journal ranked Appia #22 on its list of the Top 50 Venture Backed Companies in 2012, the second year in a row that Appia has made the WSJ list of the Top 50, known as “The Next Big Thing”. With offices in San Francisco, CA and Durham, NC, as well as global sales offices, Appia has quickly become the largest, non-incentivized network. For additional information, visit appia.com or follow @Appia.

Appia

Series B in 2013
Appia is the leading mobile user acquisition network; delivering mobile app downloads to over 1 billion users across 200 countries. Its platform was built to best serve the needs of mobile advertisers today, and Appia guarantees more app installs and the highest profit per install for its customers. Appia's robust network and advanced technology ensure apps are delivered to the best quality, largest audience possible. Brands like ngmoco, AppBrain, Fiksu, Playtika, Cupid and Zedge trust Appia with their mobile app discovery. Appia's extensive network of publishers and advertisers is constantly developing and its product portfolio continues to evolve, allowing it to bring quality apps to highly engaged consumers. Appia has raised $30M in funding from Venrock, DCM’s A-Fund, Trident Capital, Eric Schmidt’s TomorrowVentures, Relay Ventures, the Social Internet Fund, Noro-Moseley Partners, and Wakefield Group. The Wall Street Journal ranked Appia #22 on its list of the Top 50 Venture Backed Companies in 2012, the second year in a row that Appia has made the WSJ list of the Top 50, known as “The Next Big Thing”. With offices in San Francisco, CA and Durham, NC, as well as global sales offices, Appia has quickly become the largest, non-incentivized network. For additional information, visit appia.com or follow @Appia.

Tropo

Venture Round in 2013
Tropo Inc. is a cloud API platform that enables developers to create voice and SMS applications without the need for specialized knowledge in VoiceXML. Founded in 2009 and based in Menlo Park, California, Tropo allows users to build communication applications using popular programming languages such as Groovy, Ruby, PHP, Python, and JavaScript. The platform also provides a WebAPI for seamless interaction with applications running on private servers through HTTP and JSON. Tropo's services include features such as making and receiving phone calls, voice recognition, text messaging, multi-party conference calls, and call transcription. By managing the underlying infrastructure, Tropo simplifies the development process, enabling businesses to integrate real-time communications into their applications efficiently. As of May 2015, Tropo operates as a subsidiary of Cisco Systems, Inc.

G4Native

Venture Round in 2013
The Most Effective Retargeting Platform Connect with customers on global native advertising inventory at their moment of purchase intent. G4 Native offers you a free assessment and analysis of your retargeting needs. They’ll give you a honest perspective on what’s working, what can be improved and how you can maximize the return on every dollar you spend.

Appia

Debt Financing in 2013
Appia is the leading mobile user acquisition network; delivering mobile app downloads to over 1 billion users across 200 countries. Its platform was built to best serve the needs of mobile advertisers today, and Appia guarantees more app installs and the highest profit per install for its customers. Appia's robust network and advanced technology ensure apps are delivered to the best quality, largest audience possible. Brands like ngmoco, AppBrain, Fiksu, Playtika, Cupid and Zedge trust Appia with their mobile app discovery. Appia's extensive network of publishers and advertisers is constantly developing and its product portfolio continues to evolve, allowing it to bring quality apps to highly engaged consumers. Appia has raised $30M in funding from Venrock, DCM’s A-Fund, Trident Capital, Eric Schmidt’s TomorrowVentures, Relay Ventures, the Social Internet Fund, Noro-Moseley Partners, and Wakefield Group. The Wall Street Journal ranked Appia #22 on its list of the Top 50 Venture Backed Companies in 2012, the second year in a row that Appia has made the WSJ list of the Top 50, known as “The Next Big Thing”. With offices in San Francisco, CA and Durham, NC, as well as global sales offices, Appia has quickly become the largest, non-incentivized network. For additional information, visit appia.com or follow @Appia.

Zmags

Venture Round in 2012
Zmags, Inc. operates a shoppable content platform designed for retail marketing and e-commerce professionals. Founded in 2006 and headquartered in Boston, Massachusetts, with additional offices in London and Copenhagen, the company provides two main products: Publicator and Creator. Publicator is a digital publishing platform that converts traditional print materials such as catalogs and brochures into engaging digital formats. Creator allows marketers to design and publish interactive digital experiences without the need for coding, enabling rapid deployment within an hour and seamless integration into existing technology systems. Zmags serves a diverse clientele across various sectors, including fashion, retail, publishing, travel, and education, helping brands like Ethan Allen and Cole Haan enhance their digital marketing efforts and drive revenue from existing assets.

OnForce

Venture Round in 2011
OnForce's Converge is the leading SaaS technology-enabled workforce solution. Converge is a private enterprise cloud-based platform which allows businesses to engage, manage, and pay their independent workers and freelancers. Companies of all sizes and industries can rapidly grow their business, lower service costs, extend skill-sets, and generate new streams of revenue. For additional information, please visit www.onforce.com

IPWireless

Venture Round in 2011
IPWireless is a leader in the development of advanced wireless solutions, focusing on 3G and 4G technologies. The company specializes in providing silicon, software, and network infrastructure that adhere to 3GPP standards, catering to a diverse clientele that includes major mobile network operators, governments, and device manufacturers. Their innovative offerings enable clients to deliver high-performance mobile broadband services, ensuring reliability and efficiency in communications. By equipping mobile operators and new entrants with the necessary tools, IPWireless supports the critical connectivity required for various applications, including public safety communications and enhanced subscriber services.

Invoke Solutions

Venture Round in 2011
Invoke Solutions specializes in real-time online research services that provide clients with fast and actionable insights. Their offerings include a suite of technologies and services designed for consumer-driven decision-making, such as communications testing, product concept testing, brand equity assessments, and employee insights. The company's Engage applications, available online and on mobile platforms, allow clients to integrate qualitative and quantitative research effectively. Invoke Solutions has partnered with a diverse range of notable companies to enhance their brand, product, and communication research capabilities, enabling organizations to make informed decisions both in the U.S. and internationally.

KickApps

Series C in 2008
KickApps is a provider of on-demand social media applications designed for web publishers and marketers to enhance audience engagement and monetization. The company operates a SaaS platform that features the first Social Graph Engine, enabling users to create social networks and add social software features, video players, and customizable widgets to their websites. Its offerings include social networking capabilities, user-generated content, and various applications such as WidgeAds, all supported by robust media moderation and member management tools. In a notable partnership with YouTube in March 2007, KickApps allowed affiliates to seamlessly integrate and publish YouTube videos into their networks, further enriching the content available to their users.

iContact

Debt Financing in 2008
iContact is the largest private provider of email marketing and social media marketing software and services to small and mid-sized companies globally. It is based in Morrisville, NC. iContact makes it easy to create, send, and track email newsletters, surveys, autoresponders. iContact's products include iContact, iContact Enterprise, iContact Agency, iContact for Salesforce, iContact Free Edition and Ettend.com. As a B Corporation, iContact utilizes the 4-1s Corporate Social Responsibility Model, donating 1% of employee time to community volunteering, 1% of payroll, 1% of equity, and 1% of product to its local and global community as part of its social mission. iContact works hard to maintain a fun, creative, energetic, challenging, and community-oriented company culture. iContact was founded in 2003 by Ryan Allis and Aaron Houghton in Chapel Hill, NC.

ASTADIA

Series B in 2008
Astadia, Inc. is a global consulting and technology services firm based in Jacksonville, Florida, with additional locations in North America, Europe, and Asia. Founded in 1986, the company specializes in providing application solutions, digital marketing services, and IT modernization. Its offerings encompass .NET and Java development, mobile applications, business intelligence, and GIS development, as well as digital marketing strategies, including SEO, social media management, and responsive design. Astadia also focuses on support solutions such as business process outsourcing and service management consulting. Additionally, it offers Salesforce solutions, including business process optimization and application configuration. By prioritizing an understanding of client needs and fostering genuine partnerships, Astadia aims to deliver effective cloud solutions and systems integration that drive business outcomes and modernize legacy systems for its clients.

Vivisimo

Series A in 2008
Vivisimo provides enterprises with innovative search solutions, including social search tools that enable collaboration throughout the enterprise, offer application control through easy-to-use interfaces, flexible security management and a modern architecture that enables quick deployment. Vivisimo products are available for standalone search applications or as OEM versions embedded within partner applications and solutions. Vivisimo serves its clients from headquarters in Pittsburgh, USA, and through partners around the world.

Invoke Solutions

Venture Round in 2008
Invoke Solutions specializes in real-time online research services that provide clients with fast and actionable insights. Their offerings include a suite of technologies and services designed for consumer-driven decision-making, such as communications testing, product concept testing, brand equity assessments, and employee insights. The company's Engage applications, available online and on mobile platforms, allow clients to integrate qualitative and quantitative research effectively. Invoke Solutions has partnered with a diverse range of notable companies to enhance their brand, product, and communication research capabilities, enabling organizations to make informed decisions both in the U.S. and internationally.

ASTADIA

Series A in 2008
Astadia, Inc. is a global consulting and technology services firm based in Jacksonville, Florida, with additional locations in North America, Europe, and Asia. Founded in 1986, the company specializes in providing application solutions, digital marketing services, and IT modernization. Its offerings encompass .NET and Java development, mobile applications, business intelligence, and GIS development, as well as digital marketing strategies, including SEO, social media management, and responsive design. Astadia also focuses on support solutions such as business process outsourcing and service management consulting. Additionally, it offers Salesforce solutions, including business process optimization and application configuration. By prioritizing an understanding of client needs and fostering genuine partnerships, Astadia aims to deliver effective cloud solutions and systems integration that drive business outcomes and modernize legacy systems for its clients.

Synacor

Series C in 2006
Synacor, Inc. is a digital technology company that provides a range of services including email and collaboration software, cloud-based identity management, managed web and mobile portals, and advertising solutions. Operating in two segments—Software & Services and Portal & Advertising—the company enables clients, such as video and internet providers, telecommunications companies, and government entities, to monetize media and enhance consumer engagement. Its offerings include Cloud ID Authentication, which simplifies access management, and white-label email and collaboration services. Synacor's technology solutions are designed to help businesses scale, maintain subscriber relationships, and deliver a personalized user experience across various devices. Founded in 1998 and headquartered in Buffalo, New York, Synacor was previously known as CKMP, Inc. and rebranded in 2001.

FitLinxx

Venture Round in 2006
Since 1993, FitLinxx has been an industry-leading provider of wellness applications, wireless activity monitors and health tracking devices that motivate people to live active and healthy lifestyles. At FitLinxx, we are focused on developing wireless activity and health devices, software and integrated data services that make it easy for people to accurately track and measure their daily activity levels, weight and blood pressure. We partner with leading wellness program providers who use our products to develop engaging wellness programs that: Help employers improve the health of their workforce and lower healthcare costs Help healthcare professionals guide and counsel their patients to improve their general health Help healthcare insurers and brokers provide value to their policy holders Help individuals increase their daily activity, lower their blood pressure, reduce their weight, and improve their overall health

AeroSat Corporation

Venture Round in 2006
AeroSat Corporation specializes in the design, manufacture, and supply of advanced aircraft antenna systems for commercial and business aviation, as well as military applications. With over a decade of experience, the company focuses on providing innovative aviation communication solutions that ensure reliable global broadband and television services for passengers and crew. AeroSat's product lineup includes a range of Ku-band antenna systems, such as fuselage-mounted and tail-mounted antennas, which facilitate high-speed internet connectivity in flight and at the gate. The company has installed over 300 commercial TV antennas, overcoming challenges like weak signals and adverse weather conditions. AeroSat holds multiple certifications, including ISO 9001:2000 and FAA Parts Manufacturer Authority, and its products are certified for use on various aircraft models from manufacturers like Boeing and Airbus. The company aims to become the standard in aviation connectivity and plans to introduce next-generation airborne communication solutions in the near future.

Blue Ridge Networks

Series C in 2003
Blue Ridge Networks, Inc. specializes in cybersecurity managed services and software solutions aimed at preventing malicious attacks and protecting sensitive information. Founded in 1987 and headquartered in Chantilly, Virginia, the company offers a range of products including AppGuard, which defends against various types of malware and cyber threats; LinkGuard, designed to prevent external network breaches; and EdgeGuard, which provides secure remote access through Layer 2 session isolation. Blue Ridge Networks also delivers network segmentation for industrial control systems, cyber protection for government agencies, and endpoint protection tailored for enterprises as well as small and medium businesses. Its solutions are particularly valuable for clients in sectors such as government, finance, and healthcare, where safeguarding critical data is essential.

American Fiber Systems

Venture Round in 2003
American Fiber Systems, established in 1999 and headquartered in Rochester, New York, specializes in providing dark fiber metropolitan infrastructure and wholesale transportation services. The company serves carriers and enterprises across the United States, offering a range of solutions including metropolitan fiber optic networking, Ethernet transport, Internet access, managed wavelengths, and TDM transport. Additionally, American Fiber Systems provides SONET ring services, colocation, and VLAN tagging, catering to the growing demand for reliable and high-capacity connectivity in urban areas.

FitLinxx

Venture Round in 2003
Since 1993, FitLinxx has been an industry-leading provider of wellness applications, wireless activity monitors and health tracking devices that motivate people to live active and healthy lifestyles. At FitLinxx, we are focused on developing wireless activity and health devices, software and integrated data services that make it easy for people to accurately track and measure their daily activity levels, weight and blood pressure. We partner with leading wellness program providers who use our products to develop engaging wellness programs that: Help employers improve the health of their workforce and lower healthcare costs Help healthcare professionals guide and counsel their patients to improve their general health Help healthcare insurers and brokers provide value to their policy holders Help individuals increase their daily activity, lower their blood pressure, reduce their weight, and improve their overall health

Blue Ridge Networks

Series B in 2001
Blue Ridge Networks, Inc. specializes in cybersecurity managed services and software solutions aimed at preventing malicious attacks and protecting sensitive information. Founded in 1987 and headquartered in Chantilly, Virginia, the company offers a range of products including AppGuard, which defends against various types of malware and cyber threats; LinkGuard, designed to prevent external network breaches; and EdgeGuard, which provides secure remote access through Layer 2 session isolation. Blue Ridge Networks also delivers network segmentation for industrial control systems, cyber protection for government agencies, and endpoint protection tailored for enterprises as well as small and medium businesses. Its solutions are particularly valuable for clients in sectors such as government, finance, and healthcare, where safeguarding critical data is essential.
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