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Venture Capital
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Investments

220

Portfolio Exits

36

Funds

7

About New Atlantic Ventures

NAV.VC makes seed and early stage investments in technology businesses wrapped around emerging, disruptive consumer trends.

New Atlantic Ventures Headquarter Location

One Mifflin Place Suite 400

Cambridge, Massachusetts, 02138,

United States

703-563-4100

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Latest New Atlantic Ventures News

India commuter-bus network Shuttl raises $5 million

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.

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New Atlantic Ventures Investments Activity

investments chart

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

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$99M

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10

3/14/2018

Corporate Minority

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$99M

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10

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

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Amount

$1.58M

$20M

$5M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

2

10

10

New Atlantic Ventures Portfolio Exits

36 Portfolio Exits

New Atlantic Ventures has 36 portfolio exits. Their latest portfolio exit was Shuttl on October 26, 2021.

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

10/26/2021

Acquired

16

4/29/2021

Acquired

3

2/4/2021

Acq - Fin

1

00/00/0000

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10

00/00/0000

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10

Date

10/26/2021

4/29/2021

2/4/2021

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acq - Fin

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Companies

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Valuation

Acquirer

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Sources

16

3

1

10

10

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

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$99M

10

2/27/2017

Tusk Ventures Nexar SPV II

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$99M

10

11/17/2016

NAV Invincea I

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$99M

10

9/7/2016

PROOF Fund

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$99M

10

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 Fund

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Amount

$1.03M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

New Atlantic Ventures Team

5 Team Members

New Atlantic Ventures has 5 team members, including current Founder, Managing Partner, Thanasis Delistathis.

Name

Work History

Title

Status

John C. Backus

Founder

Current

Thanasis Delistathis

Founder, Managing Partner

Current

Mel Davidson

Chief Financial Officer

Current

Todd Hixon

Managing Partner

Current

Scott Johnson

Managing Director

Current

Name

John C. Backus

Thanasis Delistathis

Mel Davidson

Todd Hixon

Scott Johnson

Work History

Title

Founder

Founder, Managing Partner

Chief Financial Officer

Managing Partner

Managing Director

Status

Current

Current

Current

Current

Current

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