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The Venture Codex

North Atlantic Capital

Two City Center, 5th Floor, Portland, ME, 04101, United States

Overview

North Atlantic Capital is a venture capital firm that provides growth capital to innovative technology companies across the United States. It specializes in helping businesses with $3 million to $50 million in sales. Investment size ranges from $2 million to $5 million.

Total investments
16
Lead investments
12
Investments · 12mo
0
Active investors
5

Sector focus

  • B2B
  • EdTech
  • Enterprise
  • Financial Services
  • Information Technology
  • Mobile Advertising
  • Telecommunications
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Investment portfolio

  • Sintavia

    Led · Debt Financing · Feb 2025

    Sintavia uses a vertically integrated, all-digital design and additive manufacturing capability to produce power and thermodynamic components such as heat exchangers, combustors, and pumps for aerospace and defense systems. Its additively designed and manufactured parts include the first metal AM components ever installed on a fighter jet and a nuclear-powered submarine. The company completed a $25 million expansion plan and brought a new facility online in January 2025, adding larger industrial printers and post-processing equipment. Sintavia has been building its vertically integrated, all-digital aerospace component business since 2015. The business is focused on scaling additive manufacturing capacity and participating in the domestic aerospace and defense supply chain. The company received external capital to refinance equipment loans and support general working capital needs. Sintavia is an additive manufacturing service provider that produces thermodynamic components optimized through metal additive technology for aerospace and defense customers. The company supplies components used on major programs such as the F-35 and F-22 and has maintained supply relationships with Lockheed Martin since 2019. Sintavia has collaborated with Lockheed Martin on a Joint Development Agreement announced in December 2022 aligned with the AM Forward initiative to advance U.S. adoption of additive manufacturing. The company plans to use the investment proceeds to support ongoing development and testing efforts to expand its capabilities and product line. Its product focus and existing prime integrator relationships position Sintavia to deepen adoption of metal AM across significant aerospace programs. Sintavia is a leading Tier One metal additive manufacturer based in Hollywood, FL that produces flight‑critical, additively manufactured parts for major aerospace and space companies. The company operates high‑speed printers alongside precision post‑processing equipment and maintains mechanical testing capabilities plus a full metallurgical and powder laboratory to optimize parameters and serially manufacture audited quality parts. Sintavia holds multiple Nadcap and other aerospace accreditations and is a founding member of the Additive Manufacturer Green Trade Association. The company emphasizes sustainability via reduced waste in additive production and lighter end‑stage products that can lower greenhouse gas emissions. Sintavia plans to scale production capacity for flight‑critical components and continue advancing its technical capabilities, with opportunities to apply its design and manufacturing expertise across Sumitomo Corporation Group’s global activities. Sintavia’s majority owner is Neff Capital Management LLC. Sintavia is a Tier One metal additive manufacturer based in Davie, FL that provides high-speed printers, precision post-processing, mechanical testing, and full metallurgical and powder laboratory capabilities. The company focuses on serially manufacturing and auditing quality metal additive parts for critical industries including Aerospace & Defense and Oil & Natural Gas. Sintavia holds industry accreditations including Nadcap, AS9100, ISO17025, ANAB, is OASIS registered, and ITAR compliant. Demand for Sintavia’s AM production has boomed this year, and the company says it needs a partner to help manage growth. The reported strategic partnership aims to accelerate Sintavia’s global expansion and penetration into key end markets by leveraging the investor’s industry networks. No revenue or user metrics were disclosed in the article. Sintavia is a provider of metal additive manufacturing (AM) solutions for OEMs in precision industries, including Aerospace & Defense, Oil & Natural Gas, Industrial Turbine, and Automotive. The company operates high-speed printers alongside precision post-processing equipment and maintains mechanical testing, metallurgical, and powder laboratories. Sintavia touts proprietary material process capability, including developments in F357 Aluminum. The company holds AS9100, ISO17025, and ANAB accreditations and is OASIS and ITAR registered. It plans to use the recent equity investment to expand manufacturing capacity and facilities in 2017 and 2018. Founded in 2012 and based in Davie, Fla., Sintavia describes itself as an independent, global leader in critical metal AM.

  • Suzy

    Participated · Series D · Jul 2021

    Suzy offers a real-time, audience-powered market research platform that enables enterprises to run end-to-end research and connect quantitative data with qualitative in-depth virtual consumer interviews through products like Suzy Live. The company has built a proprietary consumer panel and serves nearly 300 global enterprise customers, including Microsoft, Citibank, Unilever, and KraftHeinz. Suzy reported surpassing $25 million in annual recurring revenue within three years of its 2018 launch and has nearly tripled headcount since the onset of the pandemic. The platform is positioned to unlock faster, data-driven decisions for brands and is used to guide product and experience development. With the new funding, Suzy plans to bolster product offerings, grow its proprietary panel, expand internationally and into new industry verticals, and accelerate sales and marketing efforts. The company has been recognized on lists such as Forbes’ America’s Best Startup Employers and Inc.’s Best Workplaces. Suzy is a real-time market research platform that combines advanced research tools with a curated, high-quality audience to deliver trusted insights in minutes. The company offers an enterprise SaaS licensing model that provides always-on access, moving customers away from cost-per-response procurement. Suzy recently launched Suzy Live, a qualitative research solution that handles end-to-end logistics for video-based in-depth interviews. Since launching in 2018, Suzy has recorded more than 500M consumer research responses and works with over 200 brands, including Johnson & Johnson, Chipotle, and Citibank. The company is on pace to do $20M in ARR this year. Near-term plans include expanding staff, increasing sales, launching new products, integrating a global offering, and opening its API to accelerate product development and third-party integrations. Suzy provides a consumer intelligence platform that combines advanced research tools with its own consumer network to deliver quality insights to big brands and advertisers. Launched in early 2018 and led by CEO Matt Britton, the platform is already deployed by over 200 brands, including Kraft Heinz, Johnson & Johnson, Chipotle, Citibank and Nestle. The company closed a $12M Series C funding round and intends to use the funds to continue to expand operations and its business reach. The product bundles survey and research capabilities with a proprietary consumer panel to serve large brands and advertisers. The article does not disclose revenue or other financial metrics.

  • Boost Payment Solutions

    Participated · Series C · May 2021

    Boost Payment Solutions is a FinTech acquirer focused exclusively on the B2B market, working with institutional and corporate buyers, suppliers, commercial card issuers and card networks to address commercial card acceptance pain points. The company has processed over $10 billion in card payments for more than 15,000 enterprises and serves a global footprint across 37 countries on five continents. Its core products include the Boost Intercept STP platform, which automates onboarding, card transactions and reconciliation, and the Dynamic Boost platform, which offers flexible pricing via proprietary interchange rates while enforcing acceptance rules through an “Acceptance on Your Terms” approach. Boost positions virtual card products as a scalable alternative to checks, wires and ACH and is targeting greater digitization of B2B payments. The company plans to use new capital to accelerate global growth across verticals including healthcare, telecommunications, manufacturing, freight & logistics and real estate. Boost was founded in 2009 and is headquartered in New York, NY. Boost Payment Solutions offers an optimization tech platform that improves the cost-effectiveness, scalability, security and business-friendliness of commercial cards versus traditional payment methods. Founded in 2009 by CEO Dean M. Leavitt, the company serves multiple verticals through its platform. It intends to use new funding to raise its profile domestically and internationally across healthcare, telecom, freight & logistics, media, transportation, real estate and other sectors. Boost plans to expand its marketing, product, support and business development teams in the U.S. and abroad. Its service is operational in the U.S., Canada, Europe, UAE, Australia and Brazil, and via an alliance with Mastercard in the Caribbean and other Latin American markets. The company recently completed a financing that strengthens its balance sheet for those expansion efforts. Founded in 2009, Boost Payment Solutions provides technology-enabled solutions to optimize commercial card usage and acceptance and to migrate paper checks to electronic payments. Its proprietary B2B gateway, Boost Intercept, transforms manual virtual card payments into a straight-through processed experience for suppliers while delivering rebates and operational efficiencies to buyers. The platform includes B2B-specific reporting capabilities that allow enterprises to integrate remittance data into their ERP systems. Boost is operational in the U.S., Caribbean, Canada, Europe and the UAE, and plans launches in Australia/New Zealand, Brazil and Hong Kong/Singapore/Malaysia later this year. The company will use funding proceeds to expand organic growth across business development, sales, product development and support.

  • Springbot

    Led · Equity · Oct 2018

    Springbot provides an all-in-one marketing platform that combines marketing automation, attribution and content to help direct-to-consumer and small-to-medium retailers run multichannel campaigns and track performance. The company emphasizes data management, automations and analytics to produce data-driven marketing recommendations tailored to retailers. Springbot acquired CMS provider Matcha in December 2020 and offers Matcha Blog Creator specifically designed for Shopify merchants. The company launched an SMS marketing personalization and messaging channel in Q3 to deepen platform capabilities. Springbot reports 45% annual revenue growth since the beginning of the 2020 pandemic and has been named to the Inc. 5000 list for the third year in a row. It has also been ranked on the Deloitte Fast 500 for three years and recognized as Atlanta's Best Place to Work for six consecutive years. Springbot provides a marketing automation platform aimed at small and medium-sized eCommerce retailers. Led by co-founder and CEO Brooks Robinson, the company integrates with major shopping carts including BigCommerce, Magento, Shopify and WooCommerce. Its product offers data-driven marketing and automation tools to help retailers manage eCommerce campaigns. Springbot closed a $15M funding round to support continued development. The company stated it will use the funds to continue developing innovative solutions. Springbot is based in Atlanta, GA. Springbot provides a cloud-based eCommerce marketing platform that combines marketing automation and marketing analytics to help small- and medium-sized online retailers drive site traffic, improve conversions and grow revenue. The platform integrates data, content and multi-channel marketing tools (social, online, email) and connects with BigCommerce, Magento and Shopify. Product capabilities highlighted in the article include Social Hub and Advanced Shoppable Instagram, email personalization, dynamic web and social retargeting, unique coupon codes and Amazon Essential. Springbot closed a $10 million Series B financing led by Harbert Growth Partners with participation from existing investors including Tech Operators and TTV Capital. Planned uses of the financing include expanding sales and marketing, launching an eCommerce Scorecard, building a marketing data co-op, advancing its “Marketing Robotics” prescriptive analytics and optimization service, and forming strategic partnerships. The company plans to grow its team at Colony Square in Midtown Atlanta. Springbot combines marketing automation and marketing analytics to deliver a marketing robotics service for eCommerce stores aimed at driving traffic, conversions and revenue. It is a Gold Technology Partner of Magento (an eBay company). The company was founded in 2012 by Brooks Robinson and is based in Atlanta, GA. Springbot currently serves more than 400 online retailers and employs 40 people, with plans to add an additional 60 employees over the next year. It recently relocated from the ATDC at Georgia Tech to a significantly expanded office at Colony Square in Midtown Atlanta. The company intends to use the funds to continue investing in its platform and to increase sales, marketing and customer experience efforts. Springbot is a SaaS eCommerce marketing platform for the small and medium business (SMB) market that uses shopping cart data to automatically generate customer and product segments. It connects email, social and online ad channels into a single dashboard and applies big data and predictive analytics to analyze purchases and marketing responses into a marketing action recommendations engine. Founded in 2012 and led by CEO Brooks Robinson, the company is based in Atlanta, GA and is a Gold Industry Partner of Magento. The company plans to use the funds to expand sales, customer service and software development teams, increase market awareness and accelerate customer growth. The platform is focused on giving store owners tools to centralize digital marketing channels and drive customer acquisition and retention.

  • Chartbeat

    Led · Equity · Jul 2018

    Chartbeat offers an end-to-end media operations software platform with real-time and historical dashboards, experimentation and in-page optimization tools, reporting, and revenue management capabilities for content and audience teams. The platform is trusted by over 1,000 organizations including The Walt Disney Company, Warner Bros. Discovery, NewsCorp, Hearst, and The New York Times, and is used in 70 countries. Since Cuadrilla Capital's acquisition in 2022, Chartbeat has completed two acquisitions—Lineup Systems and Tubular Labs—and worked to unite all three products into a single integrated platform. The company says it has more than tripled in size since Cuadrilla's backing and is focused on delivering greater value across editorial, analytics, sales, and finance. Chartbeat plans to use additional capital to invest in product innovation and pursue further complementary acquisitions to enhance its market-leading position. The platform targets large media organizations and emphasizes driving audience engagement, informing editorial decision-making, and accelerating advertising and subscription revenue growth. Chartbeat delivers real-time and historical editorial analytics and optimization tools for publishers across desktop, social, and mobile. Its product set includes real-time dashboards, in-depth headline testing, in-page optimization tools, robust reporting, and APIs. The company serves thousands of customers in more than 65 countries, including major media brands such as The New York Times, The Washington Post, The Atlantic, and ESPN. Management reports solid revenue growth and product expansion that have positioned the company for further scaling. Chartbeat plans to build out its core business while expanding into new areas within mobile and multivariate testing. The company has raised $38 million since 2009 and recently closed a $7 million late-stage round led by North Atlantic Capital. ChartBeat builds real-time analytics that measure reader attention using signals such as scrolling and mouse movement. Its platform lets publishers tie engagement metrics to ad viewability and serve more ads by dynamically swapping creatives when a reader is actively engaged. The company is releasing two tools funded by the new raise: an engagement-based ad-swapping tool and a headline-optimization tool to surface headlines that drive meaningful engagement rather than clickbait. The headline tool allocates traffic to variants that produce longer engagement, aiming to increase time on page and ad viewability. ChartBeat’s products are positioned to help publishers adapt to new IAB viewability standards and shift metrics from clicks to attention. The company raised new capital to accelerate these product launches and commercial adoption. Chartbeat offers real-time analytics focused on measuring attention and engagement across publisher sites. The company has expanded its product set to include a separate paid-content/native-ads dashboard with separate pricing for publishers and advertisers. The paid-content tools report opens, completions, average engagement time, and a 0–100 score that compares a sponsored piece to other site content; users can also drill down by traffic source and by key influencers. CEO Tony Haile emphasizes measuring attention rather than clicks, and Chartbeat has been adding more engagement metrics beyond simple eyeball counts. The company provides sample dashboards to illustrate the new paid-content features. Financially, Chartbeat recently secured an additional $3 million from existing investors to extend its runway while it readies a full Series C later in the year. Chartbeat offers real-time analytics software that shows publishers concurrent visitors and surfacing anomalies to help teams react and predict traffic opportunities. The company is rolling out a redesigned product focused on making users feel like data scientists rather than just monitoring page‑view spikes. It reports tracking over 5 million users on an average day and counts major publishers such as ESPN, Fox News and The New York Times as clients. Chartbeat operates as a Software‑as‑a‑Service business and is expanding its staff and moving out of betaworks’ Chelsea offices. Management says it plans to broaden beyond premium publishers into real‑time analytics for e‑commerce and gaming sites.

Team