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New Markets Venture Partners

Founders Donald Spero Mark Grovic Robb Doub

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 52
Average round size
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The average size of a deal this fund participated in
$7M
Portfolio companies 34
Rounds per year 2.60
Lead investments 14
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.35
Exits 10
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Education
  • Software
  • SaaS
  • Internet
  • EdTech
Summary

New Markets Venture Partners appeared to be the VC, which was created in 2003. The main department of described VC is located in the Fulton. The fund was located in North America if to be more exact in United States.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the New Markets Venture Partners, startups are often financed by Bonsal Capital, University Ventures, Novak Biddle Venture Partners. The meaningful sponsors for the fund in investment in the same round are University Ventures, Bonsal Capital, Reach Capital. In the next rounds fund is usually obtained by Reach Capital, Michael & Susan Dell Foundation, University Ventures.

The current fund was established by Donald Spero, Mark Grovic. Besides them, we counted 5 critical employees of this fund in our database.

The real fund results show that this VC is 9 percentage points more often commits exit comparing to other companies. Deals in the range of 5 - 10 millions dollars are the general things for fund. The higher amount of exits for fund were in 2016. The fund is constantly included in 2-6 deals per year. The important activity for fund was in 2017. Despite it in 2019 the fund had an activity. Opposing the other organizations, this New Markets Venture Partners works on 9 percentage points less the average amount of lead investments.

The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. We can highlight the next thriving fund investment areas, such as SaaS, Analytics. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Galvanize, Climb Credit, Civitas Learning.

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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after New Markets Venture Partners:

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Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Concentric Educational Solutions

Education
Higher Education
Training
$5M05 Oct 2023 Washington, District of Columbia, United States

Nexford University - Crunchbase School Profile & Alumni

Continuing Education
Corporate Training
Higher Education
STEM Education
Universities
$8M07 Sep 2022 Washington, District of Columbia, United States

American Prison Data Systems

Education
Information Technology
Mobile
SaaS
Software
$7M12 Jul 2022 New York, New York, United States

PAIRIN

Education
Government
Internet
Software
Virtual Workforce
$2M01 Mar 2022 Denver, Colorado, United States

American Prison Data Systems

Education
Information Technology
Mobile
SaaS
Software
$5M25 Jun 2020 New York, New York, United States

PAIRIN

Education
Government
Internet
Software
Virtual Workforce
$2M03 Jun 2020 Denver, Colorado, United States

Climb Credit

Credit
FinTech
Lending
$9M26 Jun 2019 New York, New York, United States

Motimatic

Advertising
Advertising Platforms
Online Portals
$4M24 Apr 2019 San Francisco, California, United States

Mursion

Augmented Reality
Education
Health Care
Software
Virtual Reality
$8M26 Mar 2019 San Francisco, California, United States
News
Pathstream Receives Funding

– Pathstream from SF announced an investment from impact investors including Citi, Strada Education Network, and New Markets Venture Partners, alongside participation from existing investors HCM, Entangled Ventures, and Rethink Education.
– The company offers online certificate programs that prepare adult learners for in-demand jobs.

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Total investments 52
Average round size 7M
Rounds per year 2.60
Peak activity year 2007
Lead investments 14
Follow on index 0.35
Exits 10
Group Appearance index 0.09

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Concentric Educational Solutions

Education
Higher Education
Training
$5M05 Oct 2023 Washington, District of Columbia, United States

Nexford University - Crunchbase School Profile & Alumni

Continuing Education
Corporate Training
Higher Education
STEM Education
Universities
$8M07 Sep 2022 Washington, District of Columbia, United States

American Prison Data Systems

Education
Information Technology
Mobile
SaaS
Software
$7M12 Jul 2022 New York, New York, United States

PAIRIN

Education
Government
Internet
Software
Virtual Workforce
$2M01 Mar 2022 Denver, Colorado, United States

American Prison Data Systems

Education
Information Technology
Mobile
SaaS
Software
$5M25 Jun 2020 New York, New York, United States

PAIRIN

Education
Government
Internet
Software
Virtual Workforce
$2M03 Jun 2020 Denver, Colorado, United States

Climb Credit

Credit
FinTech
Lending
$9M26 Jun 2019 New York, New York, United States

Motimatic

Advertising
Advertising Platforms
Online Portals
$4M24 Apr 2019 San Francisco, California, United States

Mursion

Augmented Reality
Education
Health Care
Software
Virtual Reality
$8M26 Mar 2019 San Francisco, California, United States
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