How many investments has New Markets Venture Partners made?

New Markets Venture Partners has 60 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.

What stage does New Markets Venture Partners invest at?

New Markets Venture Partners invests at the Seed, Series A, Series B, Growth, Late Stage stages.

What is New Markets Venture Partners's typical check size?

New Markets Venture Partners typically writes checks of $200K – $1.5M.

What sectors does New Markets Venture Partners focus on?

New Markets Venture Partners focuses on EdTech, Future of Work, HR Tech, Impact & Social Good.

Where is New Markets Venture Partners located?

New Markets Venture Partners is headquartered in Fulton, US.

Does New Markets Venture Partners lead rounds?

New Markets Venture Partners typically participates in rounds rather than leading them.

Who does New Markets Venture Partners co-invest with?

New Markets Venture Partners most often shares deals with Chrysalis Ventures, City Light, Emergence Capital Partners, among 26 tracked co-investors.

New Markets Venture Partners

Impact investoroperating company · company profile

Fulton · Seed–Late Stage · 10 people tracked

Also known as NMGF MANAGEMENT, LLC

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Investment thesis

New Markets Venture Partners backs growth-stage, mission-driven companies in the education and workforce technology sectors, operating on the belief that positive social impact can generate market-rate returns. It focuses on bridging gaps between education and employment through investment areas such as 21st century skills, workforce preparation, alternative education pathways, and the future of work. The firm invests at Series A and beyond, seeking companies with demonstrated product/market fit, high gross margins, scalable and fast-growing business models, experienced teams, and proven efficacy. It emphasizes measurable social impact serving low-income, minority, and underserved students and workers.

Invests inEdTech Future of Work HR Tech Impact & Social Good United States

Source: firm website, verified Aug 25, 2026.

Stage

Seed–Late Stage

Check

$200K – $1.5M

Fulton, Maryland, US

Leads rounds

Follows

Instruments

Equity

Founded

2002

AUM

$300M

VC funds

Tracked investments

Team · 10 people

from the firm's website & public directories

Mark Grovic· General Partner· Marylandin 𝕏

Mark Grovic, from early impact investing at Calvert in the early 1990s, applies profit-plus-purpose, backing education and workforce companies that measurably improve 3rd-grade literacy and 6th-grade math with real-time data.

m•••@newmarketsvp.comreveal

Robb Doub· General Partner· Washington, District of Columbiain 𝕏

Robb Doub combines socially responsible and emerging‑markets investing with hands-on board leadership in education and workforce infrastructure, recruiting CEOs and CFOs for financial aid SaaS, teletherapy and talent intelligence firms.

r•••@newmarketsvp.comreveal

Elizabeth Wills Chou· Partner· New York, New York, United Statesin

Elizabeth Wills Chou is a Partner at Leeds Illuminate with over fifteen years of investment experience across the capital structure, including early-stage venture capital, later-stage private equity, mezzanine, and senior debt. She previously invested in education technology companies at New Markets Venture Partners and held roles as a control-buyout and mezzanine investor at The Gladstone Companies and as a senior lender at M&T Bank.

Juan Zavala· Principal· Washington, District of Columbiain

Juan Zavala joined New Markets Venture Partners in 2019 as a Partner, where he sources, evaluates, and executes new investments and supports portfolio companies and firm operations. He previously worked as an Investment Analyst at Siguler Guff & Company and as a Research Analytics Associate at Cambridge Associates. He holds a B.A. in Economics with a minor in Mathematics from the University of Maryland, College Park, and an M.B.A. from the Wharton School at the University of Pennsylvania, and is both a CFA and CAIA Charterholder.

j•••@newmarketsvp.comreveal

Sneha Kasuganti· Principal· New York, New York, United Statesin

Sneha Kasuganti joined New Markets Venture Partners in 2022 as a Principal. She previously worked at Vanguard as a Nonprofit Strategist on the Institutional Advisory team, providing investment research for higher education and healthcare institutions, and earlier as an Investment Analyst in the Investment Strategy Group. She holds a B.A. in Economics from the University of Chicago and an M.B.A. from the University of Chicago Booth School of Business, and is a CFA charterholder.

s•••@newmarketsvp.comreveal

Amy Kardel· Advisory Board Lead

Leads the firm's Advisory Board of education and workforce sector thought leaders and operators.

Becky Spezzano· Vice President of Finance and Operations· Baltimore, Maryland, United Statesin

Becky Spezzano joined New Markets Venture Partners in 2024 as Vice President of Finance and Operations. She previously served as a Senior Accounting Manager at StepStone Group, where she handled financial reporting for the venture capital team, and earlier worked at public accounting firms Gross, Mendelsohn & Associates and Cherry Bekaert. She holds a B.S. in Accounting from West Virginia University and is a CPA.

b•••@newmarketsvp.comreveal

Mark Chernis· Operating Partner· New York City Metropolitan Areain

Mark Chernis is an Operating Partner at New Markets Venture Partners. He previously served as Chief Operating Officer of 2U, where he had earlier been a board member and audit committee chair, and helped lead the acquisitions and integration of Trilogy Education and edX.org. Before 2U he held roles at Pearson, including COO of PowerSchool, and served as President and COO of Schoolnet and President of The Princeton Review.

m•••@newmarketsvp.comreveal

Olivia Lowe· VP of Marketing and Investor Relations· Sausalito, CAin

Olivia Lowe joined New Markets Venture Partners in 2026 as VP of Marketing and Investor Relations. She has over ten years of experience in marketing, LP engagement, fundraising support, and investor communications for impact investors and venture funds, and previously served as Head of Marketing and Community at Gratitude Railroad. She holds a B.A. in Psychology from Bates College and an M.B.A. in Sustainable Solutions from Presidio Graduate School.

o•••@newmarketsvp.comreveal

Jason Palmer· General Partner· Baltimore, Marylandin 𝕏

Jason Palmer combines founder and operator background with philanthropy-backed work—helped oversee $75M+ at the Gates Foundation—specializes in edtech recapitalizations; advocates conscious capitalism and launched a U.S. presidential primary campaign.

What they invest in

from 25 of 68 portfolio companies

EdTech ×19SaaS ×9AI & Machine Learning ×6Enterprise Software ×6Future of Work ×4HR Tech ×4Biotech ×2Digital Health ×2

HQs:United States×25

Investments · 68 tracked

founders shown can be your intro path

By year:2025 · 1 2022 · 1 2020 · 2 2017 · 1 2015 · 2 2014 · 18 dated

Acceleration Academiesaccelerationacademies.org in

Acceleration Academies offers a flexible, supportive high school program for students across the United States.

EdTech

Aldagen

BiotechDurham, US

MARTIN MURPHY(Director)B. JEFFERSON CLARK(Director)RICHARD KENT(Director)LYLE A. HOHNKE(Executive Officer, Director)WILLIAM EVANS(Director)JAMES HINSON(Executive Officer)

American Honors

Andera

APDS

app academyappacademy.io in 𝕏

App Academy is a coding bootcamp that trains people with no prior experience to become software engineers, offering programs in software engineering, data analytics, cybersecurity, and quality assurance.

EdTechFuture of Work

Co-investorsAllied Venture Partners UpVentures Capital Vibe Capital

Appfluent

Authntk

Better Lessonbetterlesson.com in

BetterLesson provides instructional coaching and professional development services to K-12 school districts, focusing on curriculum implementation, distance learning adaptation, and educator capacity building.

EdTechCambridge, US

Alexander Grodd(Executive Officer, Director, Promoter)Erin Osborn(Executive Officer)

BoardJennifer Carolan(Director)Vinay Seth Mohta(Director)

Co-investorsNew Ground Ventures Owl Ventures Bonsal Capital

Bioset

Brains %26 Motion Education (Bam!)

Calvert Education

Calypte

Censiacensia.com in 𝕏

Censia provides an AI-powered skills intelligence layer that enriches employee and job profiles with inferred and validated skills data for enterprise HR teams.

AI & Machine LearningEnterprise SoftwareHR TechSan Francisco, US

Joanna Riley(Co-Founder and CEO)inTim Johnson(Co-Founder and Chief Operating Officer)inBruce Cooper(Co-Founder and Chief Engineering Officer)inMonica Bua(President, Executive Intelligence)inGreg Tomb(President)inBurges Karkaria(Chief Technology Officer)in

Co-investorsCXO Fund Merus Capital Streamlined Ventures Workday Ventures

Civitas Learningcivitaslearning.com in 𝕏

Civitas Learning provides a data analytics and student success platform for colleges and universities, enabling institutional leaders and student-facing staff to make data-informed decisions to improve student outcomes and retention.

AI & Machine LearningData & InfrastructureEdTechEnterprise Software

Co-investorsElsewhere Partners Emergence Capital Partners Escalate Capital Partners Francisco Partners High Alpha SJF Ventures +1 more

Climb Creditclimbcredit.com in 𝕏

Climb Credit provides financing and loans for students enrolling in skills-based training programs such as tech bootcamps, healthcare, education, and truck driving.

EdTechFintechImpact & Social GoodNew York, US

Vishal Garg(Director)Alexander Rafael(Executive Officer, Director)Casey Powers(CEO)Amit Sinha(Executive Officer, Director)Nicholas Calamari(Executive Officer, Director)

Co-investorsChaos Ventures Corazon Capital Newfund Capital Sprint Vc Third Prime Gingerbread Capital +2 more

Coding Templecodingtemple.com in 𝕏Jun 2025

Coding Temple is a coding bootcamp offering accelerated programs in software engineering, cybersecurity, data analysis, and quality assurance for career switchers with no prior experience.

EdTechItasca, US

Evan Shy(Executive Officer, Director)

BoardRyan Taylor(Director)Mark Grovic(Director)Mark Chernis(Director)Alan Todd(Director)

Concentric Educational Solutions

Connectedu

CreatorUpcreatorup.com in 𝕏

CreatorUp is a "Studio as a Service" that produces digital content—live-action video, animation, XR, live-streaming, and interactive media—using a global network of creators and subject matter experts combined with its Daisy generative AI platform.

AI & Machine LearningCreator EconomyMedia & EntertainmentLos Angeles, US

Sara Akhteh(Founder)

Co-investorsGaingels Metavallon VC

Credlycredly.com

Credly operates a digital credentialing platform where certification, assessment, and training providers and employers issue verified digital badges, and offers workforce insights and planning tools.

EdTechHR TechSaaSNew York, US

Jonathan Finkelstein(Executive Officer, Director)

BoardMark Grovic(Director)inRyan Craig(Director)Susan Ganz(Director)Robert Whelan(Director)John Yates(Director)

Csa Medical

Datapeopledatapeople.io in

Datapeople offers AI-based tools for talent and recruiting teams to write, centralize, and standardize job descriptions and job ads.

AI & Machine LearningHR TechSaaS

Co-investorsGreatPoint Ventures

Datapeople

Ecoast

Familywell Health

Fishtree

Fusion Uv Systems%2C Inc.

Galvanize

Geoiq

Graduation Alliancegraduationalliance.com in 𝕏

Online education and corporate training and certification company (formerly The American Academy), founded by Meyer Ventures in 2007.

Co-investorsMeyer Ventures

Innovative Biosensors

BiotechRockville, US

Joseph Del Guercio(Director)Cole S. Van Nice(Director)Rigg W. Mohler(Executive Officer)Caroline Popper, M.D., M.P.H.(Director)David A. Yost, Ph.D.(Executive Officer, Director)John de Koning(Director)

Joyfulreadingcompany

K2 Integrity

Kickboard

Knackjoinknack.com in

Knack operates a peer-to-peer learning platform that connects colleges and universities with high-achieving students to provide academic tutoring while offering student tutors paid, flexible employment.

EdTechMarketplacesSaaSBarrington, US

Megan Dusenbery(Chief Executive Officer)William Daugherty(Director)Charles Sanger Mellen(Executive Officer, Director)Lawrence Lein(Director)

Co-investorsBisk Ventures Elysium Venture Capital Miami Angels Precursor Ventures

Kroll Bond Ratings

LearnPlatformlearnplatform.com in 𝕏

LearnPlatform is a for-benefit research organization that provides an integrated platform and evidence evaluation engine for K-12 school districts, states, and education technology providers to assess, implement, and optimize education solutions.

CybersecurityEdTechGovTechSaaSRaleigh, US

Co-investorsTechstars

Leukosight

Lightningcast

Mantra Healthmantrahealth.com in 𝕏

Mantra Health provides mental health and wellness services for students, partnering with higher education institutions to offer clinical care, crisis management, and wellness programs.

Digital HealthEdTechHealthtechMental HealthNew York, US

Edouard Gaussen(Executive Officer, Director)Ed Gaussen(Cofounder)Matthew Kennedy(Executive Officer)

Co-investorsBaleon Capital City Light HOF Capital

Mashable

New York, US

Peter Cashmore(Executive Officer, Director)Adam Ostrow(Executive Officer, Director)Michael Kriak(Executive Officer)

BoardJordan Kretchmer(Director)inJon Seeber(Director)Rachel Lam(Director)

Co-investorsOutlander VC

Mediasolv

Moodlerooms

Motimaticmotimatic.com inOct 2015

Motimatic is a managed marketing platform that builds and runs paid social campaigns across the full customer lifecycle, from awareness and lead generation to conversion, retention, and win-back.

AdTechMarketing TechSaaSSan Francisco, US

Alan H. Tripp(Executive Officer, Director)

Co-investorsCity Light GSV Ventures Michelson 20MM Foundation

Mursionmursion.com in 𝕏

Mursion provides simulation-based training that uses interactive scenarios to build interpersonal and customer-service skills for enterprise workforces.

EdTechEnterprise SoftwareFuture of WorkSan Francisco, US

MARK ATKINSON(Executive Officer, Director, Promoter)inJULIE MIKUTA(Director)JOANNA REES(Director)

Co-investorsFigure 8 Investments Juvo Ventures Maverick Ventures

Navtrak

Nexfordnexford.edu in 𝕏

Nexford University is an accredited online university offering competency-based bachelor's and MBA programs designed around employer-demanded skills, with lower tuition and faster, flexibly paced graduation than traditional institutions.

AI & Machine LearningEdTechImpact & Social GoodWashington, US

Co-investorsAngaza Capital Bisk Ventures Doha Tech Angels

Noodle Partnersnoodle.com in 𝕏

Noodle partners with universities to design, build, and manage online and hybrid degree programs.

AI & Machine LearningDeveloper ToolsEdTechEnterprise SoftwareSaaSNew York, US

John Katzman(CEO)Ranjan DanielsKeri Hoyt

BoardNelson C. Baker, Ph.DJames DeVaneyEddie Maloney

Co-investors500 Global Owl Ventures SWaN & Legend Venture Partners Alumni Ventures Electric Feel Ventures Llc Gingerbread Capital +3 more

Orchestro

Orijin

Overture Technologies

Pairin

Paratek

Pathstreampathstream.com inOct 2020

Pathstream partners with businesses to provide skill development and career-growth programs for their frontline workforce, helping team members build job-relevant skills.

EdTechEnterprise SoftwareFuture of WorkHR TechSan Francisco, US

Paul Freedman(Director)Eleanor Cooper(Co-founder & CEO)inLauren(Co-founder & SVP of User Experience)inJohnsie(Chief Revenue Officer)inJo-Ann(COO)inAmy(SVP of Product)in

Co-investorsBisk Ventures New Ground Ventures ECMC Group Rethink Capital Partners Rethink Education

Pearson's Acclaim

Practice Xyz

Presence learningpresencelearning.com in 𝕏May 2020

Presence provides teletherapy and remote assessment solutions for K-12 school districts, connecting them with a nationwide network of licensed SLPs, OTs, psychologists, and social workers to deliver special education services.

B2B MarketplacesDigital HealthEdTechMental HealthSaaSNew York, US

Kate Eberle Walker(Chief Executive Officer)inJessica Wang(Chief Operating Officer)inBrian Stephen(General Counsel)inAnne Hogarty(Chief Commercial Officer)inFletcher Hutson(Chief Revenue Officer)inJess Compagnola(Chief Financial Officer)in

Co-investorsCatalyst Investors Ulu Ventures

Questar AssessmentOct 2015

Apple Valley, US

JAMIE CANDEE(Executive Officer, Director)JASON HAKE(Executive Officer)

BoardCHRIS NGUYEN(Director)DONALD HUGHES(Director)inANDREW SIMON(Director)DAVID WARNOCK(Director)in

Co-investorsCamden Partners

Regent Educationregenteducation.com in 𝕏May 2022

Regent Education provides cloud-based SaaS for managing the financial aid lifecycle at higher education institutions, automating verification, packaging, repackaging, disbursement, and R2T4 across multiple enrollment models.

EdTechFintechSaaSFrederick, US

Alan Fishman(Executive Officer)Jim Hermens(Executive Officer, Director)Cindy Srun(Executive Officer)Robert Morton(Director)Randy Jones(Executive Officer, Director)

BoardWright Steenrod(Director)in

Co-investorsChrysalis Ventures 3TS Capital Partners

Exits · 1

IPOs and acquisitions across the tracked portfolio

Signal Vineacq. by Modern Campus

Portfolio news

latest coverage across their companies

The EdSheet Vol. 31

Whiteboard Advisors · edsheet.whiteboardadvisors.com · Apr 24, 2026

Motimatic Launches Three New Core Products, Expanding Its Lifecycle Marketing Platform Beyond Higher Education

Motimatic · finance.yahoo.com · Mar 10, 2026

Frequently asked questions

How many investments has New Markets Venture Partners made?: New Markets Venture Partners has 60 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does New Markets Venture Partners invest at?: New Markets Venture Partners invests at the Seed, Series A, Series B, Growth, Late Stage stages.
What is New Markets Venture Partners's typical check size?: New Markets Venture Partners typically writes checks of $200K – $1.5M.
What sectors does New Markets Venture Partners focus on?: New Markets Venture Partners focuses on EdTech, Future of Work, HR Tech, Impact & Social Good.
Where is New Markets Venture Partners located?: New Markets Venture Partners is headquartered in Fulton, US.
Does New Markets Venture Partners lead rounds?: New Markets Venture Partners typically participates in rounds rather than leading them.
Who does New Markets Venture Partners co-invest with?: New Markets Venture Partners most often shares deals with Chrysalis Ventures, City Light, Emergence Capital Partners, among 26 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Mark Grovic: Founder, New Markets Venture Partners - Status Update: Investing in Edtech & Workplace

Jack Hammer Global - Executive Search · Mark Grovic

Images

Co-investors · 18

City Light

City Light is an impact-focused investment firm that partners with experienced teams to build scalable companies addressing challenges in education, safety and care, and the environment.

Both backed · 3

Motimatic StraighterLineMantra Health

$1M – $6M

Owl Ventures

Owl Ventures is a Silicon Valley-based venture capital firm with over $2 billion in assets under management that invests in education technology companies serving PreK-12, higher education, career mobility, and professional learning sectors. The firm also invests in companies at the intersection of education technology and other industries.

Both backed · 2

Better Lesson Noodle Partners

$5M – $50M

GreatPoint Ventures

GreatPoint Ventures is a venture capital firm founded by former entrepreneurs who aim to be hands-on partners to the teams they back, helping with fundraising, customer introductions, and executive recruiting.

Both backed · 1

Datapeople

$250K – $20M

Third Prime

Third Prime is a venture capital firm that invests in companies operating in financial technology, real estate technology, and cryptocurrency sectors.

Both backed · 1

Climb Credit

$500K – $2M

Rethink Education

Rethink Education is a venture capital firm backing early-stage founders building companies that expand access to opportunity and economic mobility across education, workforce, health equity, and financial inclusion.

Both backed · 1

Pathstream

Bonsal Capital

Bonsal Capital is a seed-stage venture firm specializing in education and workforce technology, with a focus on backing underrepresented founders and emerging fund managers.

Both backed · 1

Better Lesson

$50K – $250K

Uncork Capital

Uncork Capital (formerly SoftTech VC) is a seed-stage venture firm that invests early in founders, with a focus on AI-native companies building leverage and scale.

$3M – $5M

Menlo Ventures

Menlo Ventures is a venture capital firm that invests in transformative, early-stage AI companies across every layer of the modern AI stack, from applications and middleware to data infrastructure and foundation models.

$1M – $20M

NextView Ventures

NextView Ventures is a seed-stage venture capital firm that works closely with founders, providing hands-on support to help build companies from inception to scale.

$250K – $4M

Two Sigma Ventures

Two Sigma Ventures has rebranded and is now known as Deviation Capital; the page directs visitors to the new website.

$2M – $15M

GSV Acceleration

NextGen Venture Partners

NextGen Venture Partners (NGVP) is an early-stage venture firm that leads seed investments in B2B startups, backing companies from seed to scale.

$500K – $2M

▶6 more co-investors

Teamworthy Ventures Reach Capital .406 Ventures Learn Capital Broadhaven Capital Partners Infinite Capital

Firms observed investing alongside New Markets Venture Partners, from public investor directories. Shared companies are the overlap with New Markets Venture Partners's recorded portfolio.

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