Cross Atlantic Capital Partners
150 North Radnor-Chester Road, Suite B101, Radnor, PA, 19087, United States
Overview
Cross Atlantic Capital Partners is a venture capital firm with a distinct perspective. They currently manage four venture funds with over $500 million in total capital under management. Raised in 1999, Cross Atlantic Technology Fund I is a $120 million fund and was followed-on in 2001 by an $88 million fund, Cross Atlantic Technology Fund II. Additionally, they manage $300 million in two co-investment funds for the Pennsylvania Public School Employees' Retirement System (PSERS). The first of these Co-Investment Funds, Co-Investment Fund 2000, is a $150 million fund and was followed on in 2005 by another $150 million fund, Co-Investment Fund II. Their primary investment focus is in the commercialization of patented or specialty know-how in early to mid-stage technology companies. Their funds' historic and expected returns place them in the top decile / quartile of comparable vintage venture capital funds. They have a strong track record in early to mid-stage technology investing as evidenced by having been the first institutional investor in 5 of the 6 best producing investments. Their Partners bring a deep operational experience to managing the firm, as well as to the portfolio companies they work with. 5 of the 7 Partners have held CEO and/or COO positions within the technology industry, and they are engaging and active investors through their involvement on portfolio companies' boards, committees, and in the recruitment of key management. As a stable and mature management team, no Partner has less than 5 years of experience within the firm, and the Managing Partner has more than 20 years of investment experience in the firm's focus sectors, stage, and geography and has been a principal in 13 IPOs. As a collective group, the management team leads a focused investment thesis by investing in companies holding patentable technologies or specialty know-how, targeting large market opportunities, and possessing quality management teams. They have a strong, proprietary deal flow derived by our network, their co-investor network, repeat entrepreneurs and CEO's, as well as their established relationships with Silicon Valley Bank, the National Venture Capital Association, the Mid Atlantic Capital Alliance, and the New Jersey Technology Council. They maintain offices in Radnor, Pennsylvania, Dublin, Ireland and Edinburgh, Scotland. From these offices, the firm targets and matures its investments in innovative technology companies in these countries. Given their activity in these countries and their engaged involvement in their portfolio companies, they specialize in allying the interests of our portfolio companies with their extensive Cross Atlantic network on both sides of the Atlantic, such as with potential customers, strategic partners, technology alliances, human capital, and capital markets.
- Total investments
- 6
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Interactions
Participated · Equity · May 2013
Interactions is described in the article as one of the largest standalone AI companies and offers Intelligent Virtual Assistants that combine conversational AI with human understanding. Its products are designed to deliver unified, optichannel customer care and to improve customer experience while reducing costs for large brands. The company is actively advancing its product roadmap and is prioritizing R&D and operational infrastructure investment. Recent executive additions, including a new Chief Marketing Officer and Chief Sales Officer, are intended to support scaling and go‑to‑market efforts. Interactions was founded in 2004 and is headquartered in Franklin, Massachusetts, with additional offices worldwide. The company reported a fresh capital infusion intended to accelerate growth and product development. Interactions is a 12-year-old virtual assistant startup based in Franklin, Mass., that builds AI-powered natural language voice and chat systems for customer service. Its core product is an AI-driven virtual assistant that uses advanced natural language processing to handle phone calls and increasingly chat interactions, aiming to move beyond simple menu prompts. The company has deployed systems that parse complex requests—an example is with Hyatt hotels where callers can request reservations and the assistant infers party size from language—reducing robotic experiences. Some levels of their voice-recognition tech report up to 98% accuracy, while more complex requests currently yield accuracy in the high seventies. Interactions is focused on bolstering voice-recognition and improving text-recognition accuracy for chat systems as part of its near-term product roadmap. Financially, it just closed a $56 million funding round, its largest to date, bringing total funding to nearly $167 million. Interactions Corporation develops patented technology for automated voice and other interactive systems that engage customers in natural conversation. Led by CEO Mike Iacobucci, the company offers conversational virtual assistant applications for customer care. It closed a $40M financing to support growth. The company intends to use the funds to expand operations across all business functions and to continue technology and service innovation. It plans to grow its portfolio of solutions, expand existing facilities in Indianapolis and Austin, and open new offices in Boston. The company is actively hiring to support these initiatives. Interactions Corporation is a Boston, MA-based provider of voice and interactive solutions that enable consumer-facing brands to interact with their customers. The company offers a platform for automated voice and other interactive systems that integrates with existing IVR platforms, speech platforms, and web applications, supplemented by a small pool of human analysts. Led by CEO Mike Iacobucci, Interactions supports brands' customer interactions across voice and digital channels. It operates additional facilities in Indiana and Texas. The company plans to use the funds to support its growing customer base, expand market presence, and invest in new technology and infrastructure. Interactions Corporation builds customer care communication solutions that integrate with IVR, speech and web applications and augment them with a pool of human "intent analysts." The company was established in 2002 and is Boston, MA-based with a technology center in Carmel, Indiana. Its platform is aimed at consumer-facing brands seeking to improve interactive systems. The firm recently completed a financing that the company said will allow it to augment sales and marketing. That fundraising underscores a focus on commercial expansion rather than product pivots. No revenue or user metrics were disclosed in the article.
- Openet
Participated · Series D · Jun 2012
Openet provides transaction management software that delivers real-time network engagement, insight, monetization and control to network operators. The company is based in Dublin, Ireland and serves more than 80 customers in 28 countries. It completed a $21m financing comprising $16m in equity and $5m in long-term debt. Openet plans to use the funds to develop direct and indirect distribution channels, advance product development and product management, and strengthen deployment engineering. Leadership includes CEO Niall Norton and chairman Gary Cuccio; the company also appointed Margaret Rice-Jones to its board. Openet is a global provider of event processing and transaction management solutions. The company completed a $10.5m equity financing. The round was led by Cross Atlantic Capital Partners and Enterprise Ireland, with participation from existing investor Balderton Capital. The financing brings the total amount the company has raised to date to almost $61m (€41m). The new capital will enable Openet to accelerate its growth in regional markets and make new strategic investments. As part of the transaction, Paul Sutton, managing partner at Cross Atlantic Capital Partners, will join Openet's board of directors. Openet is headquartered in Dublin, Ireland, and operates regional offices worldwide.
- Health Market Science
Led · Series B · Aug 2010
Health Market Science provides data, analytics, software and regulatory compliance solutions for multiple segments of the U.S. healthcare industry, including pharmaceutical, medical device, pharmacy and PBM. The company offers an industry technology platform and compliance solutions tailored to healthcare customers. It raised capital to accelerate development of that technology platform and its compliance offerings. The company is based in King of Prussia, Pennsylvania. In conjunction with the financing, Richard Fox will join the company’s Board of Directors. The article does not disclose operating metrics such as revenue or user counts.
Team
No current team members are available.