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North Atlantic Capital

Company

Investment-firm

Financing round

General

About Company
North Atlantic Capital is a venture capital firm that provides growth capital to innovative technology companies across the United States.

Industry

Sector :

Subsector :

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founded date

01.01.1986

founders

Number of employees

IPO status

Private

Description

Founded in 1986 and based in Portland, Maine, North Atlantic Capital specializes in helping businesses with $3 million to $50 million in sales, investing between $2 million and $5 million. The firm seeks to invest in technology-based companies, targeting high-growth, later-stage technology businesses with annual revenues of more than $10 million. Their structured debt offering has several attractive characteristics for rapidly growing businesses seeking patient risk capital, including no financial covenants, a six-year term with no principal payments due until maturity, and a fixed interest rate for the term of the loan. North Atlantic’s structured debt has been utilized in various situations, such as providing final growth capital raised in anticipation of an exit, providing founder or shareholder liquidity, refinancing existing mezzanine or venture debt that is amortizing, and financing acquisitions.
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M&A Details
1

Acquired by

Stifel Financial Corp.

announced date

19.02.2021

Financials

Investments
35
Date 
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People

Founders
1
David Coit
David Coit

David Coit

David has been investing in private companies for over 30 years. Before founding North Atlantic in 1986, he was President of Maine Capital Corporation. He started his business career in commercial lending at the First National Bank of Boston. He is a past Chairman of the National Association of Small Business Investment Companies, and a past member of the Board of Directors of the New England Venture Capital Association. He earned a BA from Yale University and an MBA from Harvard Business School. He also served as an officer in the United States Navy. David also serves on the boards of several non-profit organizations. He is currently Chairman of the Board of Trustees of the Bigelow Laboratory for Ocean Sciences. His other non-profit board affiliations have included the Schepens Eye Research Institute (affiliate of Harvard Medical School), Maine Community Foundation, Maine Science & Technology Foundation (Chairman), Common Good Ventures and the Taft School.

current job

North Atlantic Capital
North Atlantic Capital

David Coit

Employee Profiles
19
Barbara Williams

Barbara Williams

Office Coordinator

Cheryl Hallett

Chief financial officer

Raul Valdes-Perez

Raul Valdes-Perez

Limited Partner

Fred Wainwright

Advisory board member

Mark Morrissette

Mark Morrissette

Managing Director

David Coit

David Coit

Managing Director

Tyler Walton

Tyler Walton

Vice President of Finance

Kimberley Niles

Kimberley Niles

CFO

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