David Coit Overview

  • Primary Position
  • Co-Founder & Man...

  • Primary Industry
  • Information Technology

  • Active Board Seats
  • 3

  • Med. Deal Size

  • Med. Valuation

David Coit General Information

Biography

Mr. David Coit is a Co-Founder and serves as Managing Director at North Atlantic Capital. He also serves as a Board Member at NinthDecimal, Springbot, and Zignal Labs. He served as a Board Member at Nonstop Administration & Insurance Services and Invoke Solutions. He also served as a Board Observer at Wasabi (Systems and Information Management). Before he founded North Atlantic Capital, he was President of Maine Capital Corporation. For six years, he was at the First National Bank of Boston. He earned a BA from Yale University and an MBA from Harvard Business School. He is a past Chairman of the Board of Governors of the National Association of Small Business Investment Companies and has been on the Board of the New England Venture Capital Association. He is a former U.S. Naval Officer. He also serves on the boards of several non-profit organizations. He is currently Chairman of the Board of Trustees of the Bigelow Laboratory for Ocean Sciences. His other non-profit board affiliations have included the Schepens Eye Research Institute (affiliate of Harvard Medical School), Maine Community Foundation, Maine Science & Technology Foundation (Chairman), Common Good Ventures, and the Taft School. He served as an Independent Director at Tangoe. He earned a BA from Yale University and an MBA from Harvard Business School. He also served as an officer in the United States Navy. He serves as a Board Observer at LumiraDx. He served as a Board Observer at Elevation.

Contact Information

Primary Position
Co-Founder & Managing Director, North Atlantic Capital
Education
Harvard Business School, MBA (Master of Business Administration)
Yale University, BA (Bachelor of Arts)
Gender
Male
Email
dc
Phone
+1 (207)
Address
  • Two City Center
  • 5th Floor
  • Portland, ME 04101
  • United States
+1 (207)

David Coit Positions (1)

Firm name Firm type Title Location Industry Since
North Atlantic Capital Investor Co-Founder & Managing Director Portland, ME Venture Capital

David Coit Board Seats (3)

Company Industry Ownership Status Financing Status Location Since
LumiraDx Decision/Risk Analysis Publicly Held Formerly VC-backed London, United Kingdom
Springbot Business/Productivity Software Privately Held (backing) Venture Capital-Backed Atlanta, GA
Zignal Labs Business/Productivity Software Privately Held (backing) Venture Capital-Backed San Francisco, CA

David Coit Lead Partner on Deals (33)

Company Deal Date Deal Type Deal Size Deal Status Industry Location
Boost Payment Solutions 03-May-2021 Later Stage VC (Series C) Completed Financial Software New York, NY
Ellevation 21-Jun-2019 Completed Educational Software Atlanta, GA
Boost Payment Solutions 03-Apr-2019 Completed Financial Software New York, NY
Springbot 15-Oct-2018 Completed Business/Productivity Software Atlanta, GA
Wasabi 12-Sep-2018 Completed Systems and Information Management Boston, MA
Zignal Labs 05-Feb-2018 Completed Business/Productivity Software San Francisco, CA
LumiraDx 12-Dec-2016 Completed Decision/Risk Analysis London, United Kingdom
Nonstop Administration & Insurance Services 30-Sep-2016 Completed Other Healthcare Services Concord, CA
Kiip (Media and Information Services (B2B)) 19-Jul-2016 Later Stage VC (Series C) Completed Media and Information Services (B2B) San Francisco, CA
NinthDecimal 05-Jan-2016 Later Stage VC (Series E1) Completed Business/Productivity Software San Francisco, CA

David Coit Network (419)

Board Members (93)

Name Company Representing Location From
Yuan Cheng Fastr Self Boston, MA
David Horowitz NinthDecimal Comcast Ventures San Francisco, CA
Zignal Labs Self San Francisco, CA
NinthDecimal Self San Francisco, CA
NinthDecimal Self San Francisco, CA

Portfolio Executives (323)

Name Company Role Deal date Location
Rick Kenneally Boost Payment Solutions Chief Technology Officer 03-May-2021 New York, NY
Dean M. Leavitt Boost Payment Solutions Founder, Chief Executive Officer & Board Member 03-May-2021 New York, NY
Boost Payment Solutions Chief Revenue Officer 03-May-2021 New York, NY
Boost Payment Solutions Chief Compliance Officer 03-May-2021 New York, NY
Boost Payment Solutions Chief Strategy Officer 03-May-2021 New York, NY

Fund Team Members (3)

Name Investor Fund Fund Location
Mark Morrissette North Atlantic Capital North Atlantic Venture Fund III Portland, ME
Mark Morrissette North Atlantic Capital North Atlantic SBIC IV Portland, ME
North Atlantic Capital Portland, ME
North Atlantic Capital Portland, ME
North Atlantic Capital Portland, ME

David Coit Affiliated Funds (3)

Fund Investor Fund Type Status Vintage Size Dry Powder IRR IRR Quartile
North Atlantic SBIC IV North Atlantic Capital Venture - General Fully Invested 2007
North Atlantic Venture Fund III North Atlantic Capital Venture - General Fully Invested 2001
North Atlantic Venture Fund V North Atlantic Capital Venture - General Closed 2014

David Coit FAQs

  • Who is David Coit?

    Mr. David Coit is a Co-Founder and serves as Managing Director at North Atlantic Capital.

  • How much does David Coit typically invest?

    David Coit's median deal size is .

  • What is David Coit’s main position?

    David Coit’s primary position is Co-Founder & Managing Director.

  • What are the contact details for David Coit?

    David Coit’s email address is dc and his phone number is +1 (207) .

  • How many active board seats does David Coit hold?

    David Coit holds 3 board seats including LumiraDx, Springbot, and Zignal Labs.

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