Novak Biddle Venture Partners
Venture capitalBethesda · Seed–Late Stage · 4 people tracked
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 · 4 people
from the firm's website & public directoriesWhat they invest in
from 3 of 20 portfolio companiesEdTech ×3SaaS ×1
HQs:United States×2
Investments · 20 tracked
founders shown can be your intro path
2U provides online education and learning platforms for individuals and institutions to improve career prospects and access educational opportunities.
EdTechLanham, US
Coretha Rushing(Director)Robert Stavis(Director)Sallie L. Krawcheck(Director)Earl Lewis(Director)Edward S. Macias(Director)Valerie B. Jarrett(Director)
Develops enterprise software for managing, analyzing and monitoring critical business transactions and processes.
Blackboard builds infrastructure for educational institutions to deliver teaching and learning experiences both online and in person at scale.
EdTech
Provides widget syndication services to emerging and established media companies.
Produces intelligent surveillance systems based on advanced machine vision.
Parchment operates a digital credential management platform that enables learners, schools, higher education institutions, and employers to issue, request, verify, and exchange transcripts, diplomas, digital badges, and other credentials.
EdTechSaaSScottsdale, US
Matthew Pittinsky(Executive Officer, Director)E. Rogers Novak, Jr(Director)Vincent Menichelli(Director)S. Joshua Lewis(Director)Jeffrey Sine(Director)Robert Colletti(Executive Officer)
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
- 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.
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