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
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 |
16.10.2018 | Springbot | springbot.... | $63M | South Afri... |
03.06.2015 | @VideoBloc... | videoblock... | $18.5M | - |
Mentions in press and media 23
Date | Title | Description | Source |
20.12.2018 | HGP – Springbot Closes $15 Million in Funding to Power Marke... | Atlanta – October 16, 2018 – Springbot, a data-driven marketing platform for eCommerce retailers, to... | harbert.ne... |
16.10.2018 | Springbot Closes $15 Million in Funding | Springbot, a data-driven marketing platform for eCommerce retailers, today announced it has closed $... | citybizlis... |
16.10.2018 | North Atlantic Capital Leads $15M Funding for Springbot | Springbot, a data-driven marketing platform for eCommerce retailers, today announced it has closed $... | citybizlis... |
02.11.2016 | Term Sheet — Wednesday, November 1 | Et cetera Money in the Bank: Yesterday’s Term Sheet included a last-minute deal announcement that d... | fortune.co... |
17.09.2015 | ChoiceStream Raises $14M in Series C Funding | ChoiceStream, a Boston, MA-based provider of programmatic advertising for brands and agencies, raise... | finsmes.co... |
03.06.2015 | Stock video site VideoBlocks raises $8M from North Atlantic ... | VideoBlocks, a stock footage marketplace with clients like NBC, MTV, and Discovery Channel, announce... | venturebea... |
03.06.2015 | Funding Daily: Today’s tech funding news, in one place | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI an... | venturebea... |
03.06.2015 | Funding Daily: Today’s tech funding news, in one place | Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a... | venturebea... |
03.06.2015 | Daily funding roundup - June 3, 2015 | Fourkites raised $1.25M; Plot.ly landed $30M; Mic nabbed $17M Chicago-based FourKites, a provider o... | vator.tv/n... |
03.06.2015 | VideoBlocks Gets $8M to Expand Its User-Generated Content Ma... | VideoBlocks, the Reston, Va.-based Shutterstock competitor and subscription-based provider of high q... | bizjournal... |
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