What stage does North Atlantic Capital invest at?

North Atlantic Capital invests at the Growth, Late Stage stages.

What is North Atlantic Capital's typical check size?

North Atlantic Capital typically writes checks of $3M – $12M.

Where is North Atlantic Capital located?

North Atlantic Capital is headquartered in Portland, US.

Does North Atlantic Capital lead rounds?

North Atlantic Capital typically participates in rounds rather than leading them.

North Atlantic Capital

Growth equity

Portland · Growth–Late Stage · 9 people tracked

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Investment thesis

North Atlantic Capital focuses on providing growth capital to innovative technology companies, operating a set of managed venture funds. The firm targets later-stage technology businesses seeking expansion financing.

Invests inAdvanced Manufacturing AI & Machine Learning Deep Tech Defense Tech Hardware New MaterialsNorth AmericaPortlandUnited States

Source: firm website, verified Aug 3, 2026.

Stage

Growth–Late Stage

Check

$3M – $12M

Portland, US

Leads rounds

Follows

Instruments

Equity

Founded

1986

Tracked investments

Team · 9 people

from the firm's website

David M. Coit· Co-founder and Managing Director· Portland, Maine

Co-founded North Atlantic Capital in 1986 and has invested in private companies for over 42 years. Previously President of Maine Capital Corporation and a commercial loan officer at the First National Bank of Boston; holds a BA from Yale and an MBA from Harvard Business School.

d•••@northatlanticcapital.comreveal

Barbara Williams· Office Coordinator· Portland, Maine Metropolitan Areain

Barbara Williams joined North Atlantic Capital in 2015 after relocating to Maine. Her background includes corporate relations at a publicly traded company and 17 years in higher education support roles. She holds a BS in Journalism from the University of Kansas.

b•••@stifel.comreveal

David Coit· Co-founder and Managing Director· Cape Elizabeth, Maine, United Statesin

David M. Coit co-founded North Atlantic Capital in 1986 and has invested in private companies for over 42 years. Before that, he was President of Maine Capital Corporation and a commercial loan officer at the First National Bank of Boston. He holds a BA from Yale University and an MBA from Harvard Business School, and served as an officer in the U.S. Navy.

d•••@northatlanticcapital.comreveal

Jason Gorey· Director of Investments· Springfield, Virginia, United Statesin

Jason Gorey is Director of Investments at North Atlantic Capital, with prior experience across public, private, military, and non-profit roles. He co-founded ASTRO America, a non-profit research institute focused on advanced manufacturing in defense and aerospace supply chains, and earlier spent over a decade supporting government agencies including the Department of Defense, State Department, Defense Intelligence Agency, and the White House. A former Reserve Army Intelligence Officer who deployed to Afghanistan and Iraq, he co-founded the charity No One Left Behind, and holds a BA in Government from Georgetown University.

j•••@stifel.comreveal

Justin Sheehan· Vice President· Portland, Maine, United Statesin

Justin Sheehan joined North Atlantic Capital in 2025 as Vice President. He previously worked as a credit analyst at Palmer Square Capital Management covering the aerospace & defense, airlines, and automotive industries, and earlier practiced as a debt finance attorney at Kirkland & Ellis LLP. He holds a BA in economics and Russian from Kenyon College and a JD/MBA from Northwestern University, and served six years as a Field Artillery Officer in the United States Marine Corps.

j•••@stifel.comreveal

Mark Morrissette· Managing Director· Portlandin

Mark Morrissette has worked in venture capital since 1995 and joined North Atlantic Capital in 2000. Before that, he held roles at Advent International in Boston and at consulting firm CSC Index in Cambridge, MA. He holds a BA from Dartmouth College and an MBA from Harvard Business School, and previously served as President of the Board of the Northeast Regional Association of Small Business Investment Companies.

m•••@stifel.comreveal

Marnya Bufithis· Chief Financial Officer· Mainein

Marnya Bufithis joined North Atlantic Capital in 2026 as Chief Financial Officer, with a background in regulated financial services and multi-entity environments covering financial reporting, internal controls, and regulatory compliance. She was previously Assistant Controller at BankProv and earlier founded an accounting and advisory firm providing CFO and Controller services along with financial and operational diligence support. She holds a Bachelor of Science in Accounting and Finance from Franklin Pierce University.

b•••@stifel.comreveal

Michael Nitka· Managing Director· New York City Metropolitan Areain

Michael Nitka is a Managing Director at Stifel Financial and a partner and investment committee member of the Stifel North Atlantic AM-Forward Fund. He has been with Stifel since 2012, focusing on investing in and supporting small and medium businesses, and previously built a specialty corporate loan platform at Cantor Fitzgerald and worked in investment origination at several global banks. He holds a BBA from Loyola University Maryland and is a Chartered Financial Analyst.

n•••@stifel.comreveal

Victor Nesi· Board Member, Stifel Financial Corp.

Victor Nesi serves as a board member of Stifel Financial Corp., where he has worked since 2009 and previously held the roles of Co-President and Head of the Institutional Group. He has worked in investment banking since 1989, including at Merrill Lynch, Salomon Brothers, and Goldman Sachs. He earned an undergraduate degree from Georgetown in 1982 and a JD from Georgetown in 1985.

What they invest in

from 12 of 57 portfolio companies

Enterprise Software ×5Cloud Computing ×4SaaS ×4AI & Machine Learning ×3Cybersecurity ×3Data & Infrastructure ×2Healthtech ×2Marketing Tech ×2

HQs:United States×11

Investments · 57 tracked

founders shown can be your intro path

Concentrixconcentrix.comin 𝕏NASDAQ: CNXC

Generaldynamicsgeneraldynamics.comNYSE: GD

Novantanovanta.cominNASDAQ: NOVT

WEX, Inc.wexinc.comin 𝕏NYSE: WEX

South Portland, US

Jeff Young(Executive Officer)George L. McTavish(Director)Ronald T. Maheu(Director)Eric Duprat(Director)Stephen Crowley(Executive Officer)Regina O. Sommer(Director)

ChoicestreamSEC filingmedium confidence

Boston, US

Albert K. Hoover(Director)Eric Bosco(Executive Officer, Director)Daniel C. Chung(Director)David M. Coit(Director)Michael J. Sheehan(Director)J. Christopher Grace(Director)

Board seatDavid M. Coit· per SEC Form D · $14.3M raise · filed Sep 2015

NSB Marketing, Inc.SEC filingmedium confidence

Atlanta, US

David Coit(Director)Wayne Hunter(Director)Allen Nance(Executive Officer, Director)

Board seatDavid M. Coit· per SEC Form D · $1M raise · filed Dec 2022

Appia, Inc.appia.comin

Aspectaspect.comin

Astadiaastadia.comin 𝕏

Autotask, Inc.autotask.comin 𝕏

Autotask is an AI-powered business operating system for IT service delivery that provides ticket triage, endpoint management, backup, and professional services automation for IT teams and managed service providers.

CybersecurityEnterprise SoftwareSaaS

Axedaptc.com

Bepetersonbepeterson.com𝕏

Blue Ridge Networksblueridgenetworks.comin 𝕏

Blue Ridge Networks provides cybersecurity solutions for protecting critical infrastructure and enterprises against data theft and quantum threats.

CybersecurityDefense Tech

Blueridgeblueridge.comin 𝕏

Boostboostb2b.comin

Brunswick Technologies, Inc.saint-gobain.com

Casellacasella.comin

Chartbeatchartbeat.comin

Chartbeat provides real-time content intelligence and analytics tools for digital publishers, newsrooms, and media organizations to optimize editorial decisions and monetize content.

Marketing TechMedia & EntertainmentSaaSNew York, US

Saul Klein(Director)Andrew McLaughlin(Director)John Saroff(Executive Officer)Josh Stein(Director)Tony Haile(Executive Officer, Director)

CloudSwitchverizon.comin 𝕏

Verizon is a telecommunications company that provides wireless services and connectivity solutions to consumers and businesses.

Cloud ComputingEnterprise SoftwareNew York, US

Davinci11davinci11.com

Diamond Phoenix Corporationmmh.com𝕏

Earthsbestearthsbest.com

Election Services, Inc.electionservicesco.com

Ellevation, Inc.ellevationeducation.comin 𝕏

Ellevation builds software that integrates English learner (EL) student data with program management, communication, reporting, and instructional planning tools for K-12 school districts.

Data & InfrastructureEdTechSaaSBoston, US

Brad Powell(Director)Jennifer Carolan(Director)Edward Rice(Executive Officer, Director, Promoter)Chris Gabrieli(Director)Jordan Meranus(Executive Officer, Director, Promoter)

Elmettechnologieselmettechnologies.comin

Epgdivisionepgdivision.comin

iContact, Inc.icontact.comin 𝕏

IDEXX Laboratories, Inc.idexx.comin

inMarket Mediainmarket.comin 𝕏

InMarket provides a real-time marketing and measurement platform that helps brands reach consumers at the right moment and place across digital and physical channels to drive measurable business outcomes.

AdTechAI & Machine LearningMarketing TechRetail TechCulver City, US

Todd Dipaola(Chief Executive Officer, Co-Founder & Executive Chairman)Mark Dipaola(Co-Founder)Jason Knapp(Chief Legal and Privacy Officer)Deniece Kennedy(Chief Financial Officer)Mike Don(Chief Operating Officer)

Invokeinvoke.com

Lendkeylendkey.comin

Lumiradxlumiradx.com𝕏

HealthtechLondon

Jerry McAleer(Executive Officer, Director)Nigel Lindner(Executive Officer)Ron Zwanziger(Executive Officer, Director)David Walton(Executive Officer)Sumit Nagpal(Executive Officer)Peter Welch(Executive Officer)

MicroE Systems, Inc.celeramotion.comin

Microlinesurgicalmicrolinesurgical.comin 𝕏

Microline Surgical makes laparoscopic surgical instruments built on a "reposable" platform intended to lower the environmental impact and total cost of ownership of surgical tray sets.

HardwareHealthtechMedical Devices

Netezzaibm.com

IBM is a multinational technology company offering enterprise software, AI, hybrid cloud, automation, and data solutions to support business transformation across various industries.

AI & Machine LearningCloud ComputingEnterprise Software

Jit Saxena(Founder)

New York, NYsuzy.comin 𝕏

Nonstop Wellnessnonstopwellness.com

OnForce, Inc.onforce.com

Perfectsensedigitalperfectsensedigital.comin 𝕏

Schiavi Leasingboxxmodular.comin

Sgosgo.pa

Sintaviasintavia.comin 𝕏

Sintavia, LLC

All-digital aerospace component manufacturer

Storyblocksstoryblocks.comin 𝕏

Synacorsynacor.comin 𝕏

Synacor provides cloud-based identity management (Cloud ID) and enterprise collaboration software (Zimbra email and productivity suite) for media brands, video/OTT/streaming and communications providers, device manufacturers, governments and enterprises.

Cloud ComputingCybersecurityEnterprise SoftwareBuffalo, US

Gary Ginsberg(Director)Jordan Levy(Director)William J. Stuart(Executive Officer)Marwan Fawaz(Director)Andrew Kau(Director)Scott Murphy(Director)

Systemlogisticssystemlogistics.comin

Tangoe, Inc.tangoe.comin 𝕏

The Hinckley Companyhinckleyyachts.comin

Tropotropo.com

Unknown Company

Location powered mobile advertising

Vanguardmodularvanguardmodular.comin

VXI Corporationblueparrott.comin 𝕏

Vxicorpvxicorp.comin 𝕏

Wasabi, Inc.wasabi.comin 𝕏

Zayo Groupzayo.comin 𝕏

Zayo provides network infrastructure and services, with 2024 investments focused on network expansion and service excellence.

Cloud ComputingData & InfrastructureEnterprise SoftwareBoulder, US

Zignal Labs, Inc.zignallabs.comin

Zmagszmags.comin 𝕏

Zmags (now Fastr) provides an AI-native digital experience platform for e-commerce teams to design, launch, test, and personalize web experiences without coding, along with conversion optimization, payments, and subscription management tools.

AI & Machine LearningE-commerceSaaSBoston, US

Zachary Torman(Executive Officer, Director)Imad Mouline(Director)Jaime Ellertson(Director)David Powell(Executive Officer, Director)Yuan Cheng(Director)

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does North Atlantic Capital invest at?: North Atlantic Capital invests at the Growth, Late Stage stages.
What is North Atlantic Capital's typical check size?: North Atlantic Capital typically writes checks of $3M – $12M.
What sectors does North Atlantic Capital focus on?: North Atlantic Capital focuses on Advanced Manufacturing, AI & Machine Learning, Deep Tech, Defense Tech, Hardware, New Materials.
Where is North Atlantic Capital located?: North Atlantic Capital is headquartered in Portland, US.
Does North Atlantic Capital lead rounds?: North Atlantic Capital typically participates in rounds rather than leading them.

Images

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