Fundraising FoxNovak Biddle Venture Partners
Venture capitalBethesda · Seed–Series A · 3 people tracked
Find your way into Novak Biddle Venture Partners
Sign up to see every warm intro you have to Novak Biddle Venture Partners
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Novak Biddle Venture Partners team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Investment thesis
Novak Biddle Venture Partners focuses on early-stage information technology companies located principally in the Mid-Atlantic region of the United States. The firm provides equity financing along with hands-on assistance to company management, with the stated mission of helping build successful, long-term, sustainable businesses. Its portfolio spans technology companies including education and enterprise software firms, several of which have gone public.
Source: firm website, verified Sep 27, 2026.
Team · 3 people
from the firm's websiteWhat they invest in
from 14 of 73 portfolio companiesSaaS ×8Enterprise Software ×5AI & Machine Learning ×4EdTech ×4Fintech ×3Cloud Computing ×2Developer Tools ×2Marketing Tech ×2
HQs:United States×14Canada×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×42 founders×44+ founders×2
Investments · 73 tracked
founders shown can be your intro pathBy year:2019 · 22017 · 12014 · 32011 · 17 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)Anant Agarwal(2U Chief Platform Officer and Founder of edX)inCatherine A. Graham(Chief Financial Officer)inJohn B. Ellis(Chief Accounting Officer)inKees BolinChip Paucek(Founder)
Co-investors137 VenturesArcher Venture CapitalBessemer Venture PartnersCity LightLumos Capital GroupRedpoint Ventures+1 more
Adwerx provides automated digital advertising solutions for real estate professionals including agents, loan officers, and brokerages to build brand recognition and attract local buyers and sellers through targeted campaigns.
AdTechMarketing TechPropTechDurham, US
Edward J. Carlson(Chief Executive Officer, Secretary and Treasurer)Liz Shih(Chief Financial Officer)
BoardA.G.W. Biddle(Director)Jonathan Perl(Director)inDavid Spitz(Director)
Co-investorsAlerion VenturesGray VenturesGrotech VenturesSavano Capital PartnersBull City Venture Partners
Akana is an API management platform that enables enterprises to develop, deploy, and manage APIs across multiple clouds while ensuring security and compliance.
Cloud ComputingDeveloper ToolsEnterprise SoftwareFintechSaaS
Co-investorsMultiplier CapitalPalisades Growth CapitalWestern Technology Investment
Appian builds a software platform for process automation that lets large enterprises create AI-powered workflows to speed up work, cut costs, and manage risk.
AI & Machine LearningEnterprise SoftwareSaaSReston, US
Marc Wilson(Executive Officer, Director)Michael Beckley(Executive Officer)inRobert C Kramer(Executive Officer, Director)inMatt Calkins(Founder)in
BoardA.G.W. Biddle, III(Director)Prashanth V Boccasam(Director)
Co-investorsColle Capital PartnersNew Enterprise Associates (NEA)Saints Capital
Develops enterprise software for managing, analyzing and monitoring critical business transactions and processes.
FintechToronto, CA
Anthony Cerelli(Founder)in
Co-investorsGurtin VenturesMichigan RiseSierra VenturesTechstars
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
Develops assessment products and services for schools in India to measure and improve student learning.
Infoblox provides DNS, DHCP and IP address management (DDI) along with DNS-based security services for hybrid and multi-cloud enterprise networks.
Cloud ComputingCybersecurityEnterprise SoftwareChicago, US
Stuart BaileyScott Harrellin
Co-investorsVista Equity PartnersWarburg PincusTenaya Capital
Produces intelligent surveillance systems based on advanced machine vision.
Co-investorsUpdata Partners
Mclean, US
Stuart Van Houten(Executive Officer)Prashanth V Boccasam(Executive Officer, Director)
BoardA.G.W., III Biddle(Director)Joel Del Guerico(Director)Piyush Sodha(Director)Tim Breene(Director)
Co-investorsCelesta CapitalCota Capital
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 Group
ReverbNation provides music distribution to major streaming platforms and social video apps, along with promotion tools and A&R, publishing, and sync opportunities for musicians.
Creator EconomyMedia & EntertainmentSaaS
Co-investorsBull City Venture Partners
Shoeboxed provides receipt scanning, expense tracking, and GPS mileage logging for self-employed Schedule C filers, freelancers, and small business owners, turning mailed-in paper receipts and app-captured expenses into audit-ready, categorized tax records.
Enterprise SoftwareFintechSaaSSales TechDurham, US
Taylor Mingos(Co-founder)inTobias Walter(Co-founder)inDoug Breaker(Owner & CEO)in
Co-investorsSTS Ventures GmbH
SS8 develops intelligence and monitoring solutions for law enforcement agencies and emergency services, delivering metadata extraction, location intelligence, and advanced analytics across communication networks.
AI & Machine LearningData & InfrastructureDefense TechGovTech
Dr. Keith Bhatia(CEO)
Co-investorsHighBar PartnersW Capital Partners
Unow operates an online higher education platform and a network of internet-based schools.
Developer ToolsEdTech
Jeremie SicsicYannick PETITin
Co-investors500 Global
Vubiquity is a technology-led solution provider for the media and entertainment industry, offering managed services and products for media supply chain, content licensing, and OTT video.
AI & Machine LearningMedia & EntertainmentSaaS
Co-investorsSeyen Capital
Bethesda, US
Ronald F. Smith(Executive Officer)inFrancis A. Glowacki(Executive Officer, Director)
BoardBabak Yazdani(Director)A.G.W. (Jack) Biddle, III(Director)PV Boccasam(Director)Donald Pyle(Director)
Co-investorsHercules Capital, Inc.QED Investors
Free and premium website hosting
E-commerceMarketing TechSaaS
Co-investorsColumbia CapitalFelicis Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AnswerLogicAppfluent TechnologyCapital Education Group, Inc.CapitalschoolsCenticeCentrifuge SystemsClear StandardsClearspring TechnologiesCommand InformationCommunicationsCopiunCorasWorks CorporationCounterStormDigital SignalDigitalBridge Communications CorporationEducationEmotive CommunicationsEntevo CorporationFiberZone NetworksFidelis EducationGiga Information GroupHobsonsIntelliworksLifeMinders, Inc.LifeShield SecurityLuna TechnologiesMatricsNewOptinel SystemsParatekPlaySayPrevistarSafeViewServicesSimplexitySocial Gaming NetworkSolidFireSpectrum K12Spectrum K12 School SolutionsStarfish Retention SolutionsStarfishsolutionsSynchrisTantivy Communications, Inc.Telogy Networks, Inc.Torrent SystemsTriumfantTrusted Computer SolutionsTrusted EdgeUniversityNowWoodwind Communications Systems, Inc.XtremeSpectrumZtar Mobile
Exits · 2
2 acquisitionsDigital Signalacq. by StereoVision ImagingWebsacq. by Vistaprint
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 73 tracked investments, 2 of which have exited.
- What stage does Novak Biddle Venture Partners invest at?
- Novak Biddle Venture Partners invests at the Seed, Series A 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 Columbia Capital, Lumos Capital Group, New Enterprise Associates (NEA), among 36 tracked co-investors.
Similar investors
Fly Ventures is an early-stage venture firm that backs founders at the zero-to-one stage, with portfolio companies going on to raise substantial follow-on funding from top US and European VCs.
OMERS Ventures is a venture capital firm that invests in founders globally, with investment teams based in New York, Palo Alto, and Toronto.
Alpha Edison is an early-stage venture firm that partners with entrepreneurs using technology to unlock latent demand in markets where consumer and business behaviors are shifting.
Trind Ventures is an early-stage venture firm backing consumer and community-driven startups across Europe, providing support from the first check through multiple rounds.
AVentures Capital is a venture capital firm rooted in the Ukrainian tech ecosystem, backing IT, internet, media, and enterprise software startups. Note: the page is an unofficial fan site created by portfolio company founders.