VC firms
At North Atlantic Capital, we provide growth capital to innovative technology companies across the United States. Founded in 1986 and based in Portland, Maine, we are currently investing our fifth fund, which is capitalized at more than $123 million. We target high-growth, later-stage technology businesses with annual revenues of more than $10 million. Our initial investments are structured as subordinated debt with warrants or equity features, and typically range between $5 million and $10 million.
More Flexible than Debt. Less Costly than Equity.
Structured Debt Features
Our structured debt offering has several attractive characteristics for rapidly growing businesses seeking patient risk capital:
• No financial covenants
• Six-year term with no principal payments due until maturity
• Fixed interest rate for term of the loan
• Deeply subordinated to senior working capital loans
Our pricing compares very favorably to equity financings, and our structure is far more flexible than traditional venture debt.
Typical Applications
North Atlantic’s structured debt has been utilized in the following situations:
• As final growth capital raised in anticipation of an exit
• To provide founder or shareholder liquidity
• To refinance existing mezzanine or venture debt that is amortizing
• To finance acquisitions
More Flexible than Debt. Less Costly than Equity.
Structured Debt Features
Our structured debt offering has several attractive characteristics for rapidly growing businesses seeking patient risk capital:
• No financial covenants
• Six-year term with no principal payments due until maturity
• Fixed interest rate for term of the loan
• Deeply subordinated to senior working capital loans
Our pricing compares very favorably to equity financings, and our structure is far more flexible than traditional venture debt.
Typical Applications
North Atlantic’s structured debt has been utilized in the following situations:
• As final growth capital raised in anticipation of an exit
• To provide founder or shareholder liquidity
• To refinance existing mezzanine or venture debt that is amortizing
• To finance acquisitions
Overview
Location
United States, Maine, Portland
Employees
1-10
Founded date
1986
Investment Type
Venture Capital
Investment Stage
Debt
Portfolio 2
| Date | Name | Website | Total Raised | Location |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Jun 3, 2015 | @VideoBlocks | videoblocks.com | $18.5M |
Mentions in press and media 33
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Nov 24, 2025 | Fabric8Labs Expands U.S. Manufacturing with $50M Investment in ECAM Technology | Fabric8Labs, Electrochemical Additive Manufacturing (ECAM) specialist, announced a $50 million funding round to expand its U.S. production capacity from 5 million to 22 million components annually. This increase is designed to meet growing ... |
| Sep 17, 2025 | Divergent Secures $290M to Strengthen U.S. Defense Manufacturing Capabilities | Divergent Technologies, AI-driven 3D manufacturing solutions provider, has closed its Series E financing, raising $290 million at a $2.3 billion valuation. Led by Rochefort Asset Management, the round includes $250 million in equity and $40... |
| Jun 10, 2025 | Xometry Bolsters Financial Standing with $225 Million Convertible Notes Pricing | Xometry, a global AI-powered manufacturing marketplace, has announced the pricing of its $225 million aggregate principal amount of 0.75% Convertible Senior Notes due 2030. This private placement, anticipated to close on June 12, 2025, is e... |
| Mar 24, 2025 | Siemens announces $10 billion in U.S. investment for manufacturing and AI infrastructure | Siemens, the German industrial conglomerate specializing in automation, electrification, and digitalization technologies, is committing more than $10 billion in investments to expand its operations in the United States. The move includes ne... |
| Mar 18, 2025 | GE Aerospace $1 Billion Investment to Expand U.S. Manufacturing in 2025 | GE Aerospace, a global leader in aircraft propulsion and engine manufacturing, will invest nearly $1 billion in its U.S. factories and supply chain in 2025. The initiative, nearly double last year’s commitment, is intended to increase manuf... |
| Feb 16, 2025 | Sintavia: $10 Million Subordinated Debt Investment Raised | Sintavia, a leading all-digital aerospace component manufacturer, announced that it raised a $10 million subordinated debt investment from the Stifel North Atlantic AM-Forward Fund. The capital from this investment, which is the first of th... |
| Feb 12, 2025 | The Future of Energy and Aerospace: Innovations Shaping Tomorrow | In a world racing against time, two industries stand at the forefront of innovation: energy and aerospace. Both sectors are undergoing seismic shifts, driven by the urgent need for sustainability and technological advancement. The recent an... |
| Feb 12, 2025 | Sintavia Secures New $10 Million Investment to Bolster Aerospace Production | Sintavia, a Florida-based additive manufacturing service provider specializing in aerospace components, has received $10 million in a subordinated debt investment. The new capital was provided by the Stifel North Atlantic AM-Forward Fund, a... |
| Nov 5, 2024 | UNITED GRINDING Group Acquires GF Machining Solutions to Boost Additive Manufacturing | United Grinding Group, a Swiss manufacturer specializing in eroding, laser, and measuring machines, has signed an agreement to acquire GF Machining Solutions (GFMS), the machining division of Georg Fischer AG (GF). Valued between CHF 630 mi... |
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FAQ about North Atlantic Capital
When was North Atlantic Capital founded?
North Atlantic Capital was founded in 1986.
How many startups has North Atlantic Capital invested in?
North Atlantic Capital has 2 portfolio companies on Parsers VC, among them @VideoBlocks.
What has the press written about North Atlantic Capital?
Parsers VC has collected 33 articles mentioning North Atlantic Capital, among them “Fabric8Labs Expands U.S. Manufacturing with $50M Investment in ECAM Technology” (Nov 24, 2025) and “Divergent Secures $290M to Strengthen U.S. Defense Manufacturing Capabilities” (Sep 17, 2025).
Is North Atlantic Capital still active?
Yes, North Atlantic Capital is active; its latest activity on Parsers VC dates from Dec 15, 2025.