Investor profile

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New Markets Venture Partners

VC

USB2B SaaSAI/MLEnterpriseOther

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Investment thesis

New Markets Venture Partners is a leading growth-stage, double-bottom-line venture capital firm that invests in and actively assists education and workforce technology companies. Founded in 2002, the firm targets Series A and B investments in companies generating $2M–$50M of revenue with high potential to grow to $50M–$200M in revenue and reach profitability within three years. NMVP focuses on evidence-based, high-growth companies that improve economic and social mobility by leveraging deep relationships with states, districts, universities, large employers, and workforce organizations. The firm believes that positive social impact can drive market-rate returns — a 'theory of change' validated by over 20 years of investing and 29 realizations generating $3.3B in enterprise value. NMVP prioritizes companies with proven solutions addressing critical gaps in education and labor markets, including 21st-century skills, workforce preparation, alternative pathways, and the future of work, with a particular emphasis on underserved Americans.

Notable quotes

We are fortunate to have this unique opportunity to provide capital and support to the most deserving mission-driven education and workforce entrepreneurs.

Mark Grovic · PR Newswire – New Markets Raises $160M Fund Announcement · 2023-02-27

We are honored to be trusted by a group of limited partners with deep knowledge of the education and workforce industry. We look forward to continuing to work with exceptional management teams and fellow impact investors to build successful companies.

Robb Doub · PR Newswire – New Markets Raises $160M Fund Announcement · 2023-02-27

FamilyWell is an ideal fit for New Markets' mission to invest in evidence-based solutions that improve lives and expand access to life-saving care. By integrating proven women's mental health care into everyday clinical workflows, FamilyWell reduces suffering, strengthens family well-being, and helps parents return to work.

Mark Grovic · GlobeNewswire – FamilyWell Health Series A Announcement · 2025-11-18

Team

Robb Doub

Co-Founder and General Partner

B2B SaaSEnterpriseOther

Mark Grovic

Co-Founder and General Partner

B2B SaaSAI/MLEnterpriseOther

Juan Zavala

Partner

B2B SaaSEnterpriseOther

Sneha Kasuganti

Principal

B2B SaaSEnterpriseOther

Mark Chernis

Operating Partner

EnterpriseOther

Olivia Lowe

Vice President of Marketing and Investor Relations

Other

Recent investments

CompanyRoundSizeDate
FamilyWell HealthSeries A$8m2025-11-18
KnackSeries B$9m2025-09-09
Concentric Educational SolutionsSeries A$4m2023-10-05
DatapeopleSeries A$6m2023-06-27
Nexford UniversitySeries A$5m2022-09-08
CredlySeed$1m2016-03-15
PowerSchoolSeries A
LearnPlatformSeries A$8m2018-01-26
Graduation AllianceSeries A
PairinSeries A$6m2020-12-30

Frequent co-investors

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