Investments
220Portfolio Exits
32Funds
7
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CB Insights Intelligence Analysts have mentioned New Atlantic Ventures in 1 CB Insights research brief, most recently on Aug 31, 2020.
Latest New Atlantic Ventures News
Apr 30, 2019
ImpactAlpha, April 30 – The Gurgaon-based firm manages a network that runs 30,000 commuter shuttles a day in seven India cities. Shuttl raised $5 million (about Rs 35 crore) from U.S. venture capital firm New Atlantic Ventures, reports TechCircle, after raising $7.2 million last month from Sequoia Capital India, Lightspeed India Partners, Times Internet and other investors. Amazon’s $100 million voice-tech Alexa Fund is also an investor . Shuttl pledged to add 300 electric buses to its fleet by next year as part of the Climate Group’s EV100 campaign. Electric vehicles “are the future of mobility and Shuttl is keen to play a key role in the adoption of electric buses in India, which will help further reduce emissions,” said Shuttl’s Amit Singh. Another Indian bus provider, ZipGo, raised $29 million last year t o transition its fleet to all-electric busses.
New Atlantic Ventures Investments
220 Investments
New Atlantic Ventures has made 220 investments. Their latest investment was in Cobbles as part of their Unattributed VC on December 12, 2020.
New Atlantic Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/29/2020 | Unattributed VC | Cobbles | $1.58M | Yes | 1 | |
6/24/2019 | Series B | Atlas Obscura | $20M | No | 2 | |
4/17/2019 | Series B - IV | Shuttl | $5M | Yes | 2 | |
10/2/2018 | Series C | |||||
3/14/2018 | Corporate Minority |
Date | 12/29/2020 | 6/24/2019 | 4/17/2019 | 10/2/2018 | 3/14/2018 |
|---|---|---|---|---|---|
Round | Unattributed VC | Series B | Series B - IV | Series C | Corporate Minority |
Company | Cobbles | Atlas Obscura | Shuttl | ||
Amount | $1.58M | $20M | $5M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 1 | 2 | 2 |
New Atlantic Ventures Portfolio Exits
32 Portfolio Exits
New Atlantic Ventures has 32 portfolio exits. Their latest portfolio exit was Cognito on January 20, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
1/20/2022 | Acquired | 9 | |||
10/26/2021 | Acquired | 16 | |||
4/29/2021 | Acquired | 3 | |||
Date | 1/20/2022 | 10/26/2021 | 4/29/2021 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 9 | 16 | 3 |
New Atlantic Ventures Fund History
7 Fund Histories
New Atlantic Ventures has 7 funds, including PROOF JP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
11/23/2020 | PROOF JP | $1.03M | 1 | ||
11/29/2017 | NAV III Opportunity Fund | ||||
2/27/2017 | Tusk Ventures Nexar SPV II | ||||
11/17/2016 | NAV Invincea I | ||||
9/7/2016 | PROOF Network |
Closing Date | 11/23/2020 | 11/29/2017 | 2/27/2017 | 11/17/2016 | 9/7/2016 |
|---|---|---|---|---|---|
Fund | PROOF JP | NAV III Opportunity Fund | Tusk Ventures Nexar SPV II | NAV Invincea I | PROOF Network |
Fund Type | |||||
Status | |||||
Amount | $1.03M | ||||
Sources | 1 |
New Atlantic Ventures Team
4 Team Members
New Atlantic Ventures has 4 team members, including current Founder, Managing Partner, John C. Backus Jr..
Name | Work History | Title | Status |
|---|---|---|---|
John C. Backus Jr. | Founder, Managing Partner | Current | |
Name | John C. Backus Jr. | |||
|---|---|---|---|---|
Work History | ||||
Title | Founder, Managing Partner | |||
Status | Current |
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