New Atlantic Ventures

New Atlantic Ventures
Private
Industry
Founded 1999
Headquarters Reston, Virginia and Cambridge, Massachusetts
Services
Website http://nav.vc



NAV (New Atlantic Ventures) is a seed and early-stage venture capital firm investing in technology businesses wrapped around emerging, consumer trends.

The firm invests nationally in companies related to cyber security, mobile, ecommerce, digital media, higher education and the business of healthcare. These include: Invincea, TVU Networks, Moda Operandi, Scoutmob, Solve Media, and Qliance.


The firm manages $275 million from offices in Cambridge, Massachusetts and Reston, Virginia.

History

NAV began in 1999 as Draper Atlantic and DFJ New England, two affiliates of the Draper Fisher Jurvetson network that worked closely together since inception. From 1999 to 2006, Draper Atlantic and DFJ New England invested in $180 million in 59 companies with investment returns in the top ten percent of all venture funds. The firms joined forces in 2006 to create New Atlantic Ventures.[1]


Investments

NAV was an investor behind DivX Networks which helped bring movies and video to the Web. It was an early investor in EnerNOC, cited for its contributions to energy efficiency. The firm was an investor in mobile365[2] which helped bring text messaging mainstream in the US. It was later acquired by Sybase.[3] It funded GlobalLogic, alongside New Enterprise Associates, Sequoia Capital and others and it was acquired in 2013 by Apax.

NAV is an investor in Invincea which came out of the Defense Advance Projects Research Agency DARPA and mitigates unknown cyber threats at the point of attack. It has been recognized at the RSA Conference ',[4] in The Washington Post [5] and the Wall Street Journal.[6] NAV also invested in Premium SMS startup Qmobile Inc. Co-founded by Leon Yohai and Alexi Faraco

NAV is an investor in Qliance[7] alongside Michael Dell's MSD Capital and Jeff Bezos' Bezos Expeditions. [8]

Principal Investors

NAV’s investment principal investors include John Backus, Thanasis Delistathis, Todd Hixon, Scott Johnson, Geoff Mamlet, and Tim Rowe, who started the Cambridge Innovation Center. John Backus is a board member at the National Venture Capital Association, is Chairman Emeritus of the Northern Virginia Technology Council (NVTC) Board of Directors and has served as a technology policy adviser to Virginia governors Jim Gilmore, Mark Warner and Bob McDonnell.

References

  1. ↑ Russ Garland (July 21, 2009). "New Atlantic Ventures Plants Ice Cream Stand In Prime Spot". The Wall Street Journal.
  2. ↑ "Sybase to buy mobile messaging co. Mobile 365 for $425M". VentureBeat. Retrieved 6 January 2015.
  3. ↑ "Sybase Makes Big Mobile Play". Internetnews.com. Retrieved 28 December 2014.
  4. ↑ "RSA Conference Showcases Innovation". PCMAG. Retrieved 28 December 2014.
  5. ↑ "Invincea offers virtual browser technology to protect computers". Washingtonpost.com. Retrieved 28 December 2014.
  6. ↑ Boulton, Clint. "Dell Invests in ‘Zero-day’ Security Startup Invincea". The Wall Street Journal. CIO Journal. Retrieved 28 December 2014.
  7. ↑ "Bezos, Others Back Qliance Medical". Reuters. Retrieved 28 December 2014.
  8. ↑ David Von Drehle (December 22, 2014), Medicine Is About to Get Personal
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