Novak Biddle Venture Partners

Novak Biddle Venture Partners

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Headquarters Location

United States, Bethesda

About

Novak Biddle Venture Partners is a well known and established VC, which was founded in 1997. The the headquarters of this VC is in Bethesda. The fund is located in United States, North America.

This VC was founded by Jack Biddle. We also identified another 4 core personnel in our database.

At the time of investment by Novak Biddle Venture Partners, a typical start-up valuation would be 100-500 millions dollars. Novak Biddle Venture Partners is involved in 4 percentage points more than the average amount of lead investments when compared with other funds. Typical investments for this fund are deals in the range of 5 - 10 millions dollars. The fund's activity peaked in 2005. In addition, the fund was active in 2019. The fund generally invests in 2-6 deals every year. In real terms, this VC performs 10 percentage points more exits than other funds. The highest number of exits from this fund were in 2018.

The fund typically invests in rounds with 3-4 participants. Along with Novak Biddle Venture Partners, start-ups are often financed by New Enterprise Associates, Signatures Capital, City Light Capital as well as 38 other investors. The most common co-investors for the fund are Paladin Capital Group, ABS Ventures, The Aurora Funds and also 47 different VCs. In subsequent rounds, the fund is usually supported by QED Investors, City Light Capital, ABS Ventures, out of 40 investors from our database.

The country of its foundation and the country of the most frequent investments for the fund coincides - United States. In addition to this location, the fund participated in 1 other location. The fund has no a preferred number of founders for start-ups that it invests in. When a start-up has 4 or 5+ founders, the probability of closing the deal is low. Among the most popular investment industries for the fund are EdTech, Information Technology. However, the fund’s focus is not limited to this, since there are 28 more areas of investment. Blackboard, Approva, Parchment are amongst the various portfolio companies of this fund. The average start-up age at the time of investment by this fund is 4-5.

Year Founded

1997

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: novakbiddle.com; User name format in descending order of probability: first

Group Appearance [how often fund is operating separately from groups with shared interest]

90.4% of cases

Investments per Year [average amount of rounds in which fund participates each year]

4-6

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

38.8% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x10

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

5 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.22 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

1

Funds Investing in Following
Rounds

QED Investors, City Light Capital, ABS Ventures

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