Novak Biddle Venture Partners
Venture capitalBethesda Β· SeedβLate Stage Β· 3 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 Β· 3 people
from the firm's websiteWhat they invest in
from 4 of 21 portfolio companiesEdTech Γ4Developer Tools Γ1SaaS Γ1
HQs:United StatesΓ5
Investments Β· 21 tracked
founders shown can be your intro pathBy year:2019 Β· 12017 Β· 12011 Β· 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)John B. Ellis(Chief Accounting Officer)Kees Bolin
BoardRobert Stavis(Director)inPaul A. Maeder(Chairman of the Board of Directors)
Co-investors137 VenturesBessemer Venture PartnersCity LightLumos Capital GroupRedpoint VenturesHighland Capital Partners
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
Co-investorsReverence Capital PartnersW Capital Partners
Provides widget syndication services to emerging and established media companies.
Mclean, US
Hooman Radfar(Executive Officer, Director)Ramsey McGrory(Executive Officer, Director)Michael McGowan(Executive Officer)
BoardTed Leonsis(Director)Harry Weller(Director)Tige Savage(Director)
Chantilly, US
Michael Beach(Executive Officer)DAVID GUTTADAURO(Executive Officer, Director)
BoardJIM FLEMING(Director)ROGER NOVAK(Director)ED HART(Director)
Co-investorsColumbia CapitalCity LightHorizon Technology FinancePaladin Capital Group
Produces intelligent surveillance systems based on advanced machine vision.
Co-investorsUpdata Partners
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)Robert Colletti(Executive Officer)
BoardE. Rogers Novak, Jr(Director)Vincent Menichelli(Director)S. Joshua Lewis(Director)Jeffrey Sine(Director)
Co-investorsLumos Capital GroupRaine Venture Partners
Co-investorsUpdata Partners
Unow operates an online higher education platform and a network of internet-based schools.
Developer ToolsEdTech
Jeremie SicsicYannick PETIT
Co-investors500 Global
Portfolio news
latest coverage across their companies2U Β· finance.yahoo.com Β· Apr 27, 2026
Fund performance Β· per public LP disclosures Β· 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 | β | 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 | β | 0.6% | β | β |
| Novak Biddle Venture Partners III, L.P.LPs: North Carolina Retirement Systems | 2000 | β | 0.6% | β | β |
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 20 tracked investments.
- 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 β $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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