Novak Biddle Venture Partners
Venture capitalBethesda · Seed–Late Stage · 3 people tracked
Find your way into Novak Biddle Venture Partners
34 people in our graph share verified history with the Novak Biddle Venture Partners team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Novak Biddle Venture Partners focuses on equity investment in early-stage information technology companies located mainly in the Mid-Atlantic region of the United States. The firm aims to help build successful, long-term, sustainable businesses, providing not only capital but also assistance to company management. It is a member of the National Venture Capital Association.
Source: firm website, verified Aug 3, 2026.
Team · 3 people
from the firm's websiteWhat they invest in
from 4 of 21 portfolio companiesEdTech ×4SaaS ×2AI & Machine Learning ×1Developer Tools ×1Enterprise Software ×1
HQs:United States×5
Investments · 21 tracked
founders shown can be your intro pathBy year:2019 · 12017 · 12011 · 13 dated
2U provides online education and learning platforms for individuals and institutions to improve career prospects and access educational opportunities.
EdTechLanham, US
Christopher J. Paucek(Chief Executive Officer)Catherine A. Graham(Chief Financial Officer)inJohn B. Ellis(Chief Accounting Officer)inKees Bolin
BoardRobert Stavis(Director)inPaul A. Maeder(Chairman of the Board of Directors)in
Co-investors137 VenturesBessemer Venture PartnersCity LightLumos Capital GroupRedpoint VenturesHighland Capital Partners
Blackboard is a learning management system (LMS) platform built for educators and institutions to support teaching and learning at scale across higher education, government, and K-12.
AI & Machine LearningEdTechSaaS
Matthew Pittinsky(Co-founder & Incoming CEO)Michael Chasen(Co-founder)in
Co-investorsNexus Capital ManagementOaktreeReverence Capital PartnersW Capital Partners
Produces intelligent surveillance systems based on advanced machine vision.
Co-investorsUpdata Partners
Parchment operates a digital credentials platform that enables schools, universities, and employers to issue, verify, and exchange transcripts, diplomas, certificates, and comprehensive learner records.
EdTechEnterprise SoftwareSaaSScottsdale, US
Matthew Pittinsky(Executive Officer, Director)Robert Colletti(Executive Officer)in
BoardE. Rogers Novak, Jr(Director)Vincent Menichelli(Director)S. Joshua Lewis(Director)Jeffrey Sine(Director)
Co-investorsLumos Capital GroupRaine Venture Partners
Unow operates an online higher education platform and a network of internet-based schools.
Developer ToolsEdTech
Jeremie SicsicYannick PETITin
Co-investors500 Global
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
» Consumer/Internet» Software/OtherApprova CorporationCapitalschoolsCentrifuge SystemsClearspring TechnologiesCommunicationsDigital SignalEducationFideliseducationHobsonsNewServicesSpectrum K12Starfishsolutions
Exits · 1
1 acquisitionsDigital Signalacq. by StereoVision Imaging
Portfolio news
latest coverage across their companies2U · finance.yahoo.com · Apr 27, 2026
Fund performance · per public LP disclosures · 3
as of Jun 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Novak Biddle Venture Partners V, L.PLPs: The Regents of the University of California, North Carolina Retirement Systems | 2006 | — | 16.1% | 2.67x | 2.67x |
| Novak Biddle Venture Partners IV, L.PLPs: North Carolina Retirement Systems, The Regents of the University of California | 2003 | — | 0.6% | — | — |
| Novak Biddle Venture Partners III, L.P.LPs: North Carolina Retirement Systems | 2000 | — | 0.6% | — | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Novak Biddle Venture Partners made?
- Novak Biddle Venture Partners has 21 tracked investments, 1 of which have exited.
- What stage does Novak Biddle Venture Partners invest at?
- Novak Biddle Venture Partners invests at the Seed, Series A, Series B, Series C, Late Stage stages.
- What is Novak Biddle Venture Partners's typical check size?
- Novak Biddle Venture Partners typically writes checks of $100K – $10M.
- What sectors does Novak Biddle Venture Partners focus on?
- Novak Biddle Venture Partners focuses on Consumer, Cybersecurity, Data & Infrastructure, EdTech, Enterprise Software, Hardware, SaaS.
- Where is Novak Biddle Venture Partners located?
- Novak Biddle Venture Partners is headquartered in Bethesda, US.
- Who does Novak Biddle Venture Partners co-invest with?
- Novak Biddle Venture Partners most often shares deals with Lumos Capital Group, Updata Partners, Bessemer Venture Partners, among 9 tracked co-investors.
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