New Markets Venture Partners
SEC exempt reporting adviser (venture capital exemption).
- HQ
- MD
New Markets Venture Partners is a growth-stage investor that scales transformative technology companies aimed at improving results in workforce and education, while seeking strong financial returns. Co-founders Robb Doub and Mark Grovic lead the firm. Its portfolio includes Acceleration Academies, BAM!, Censia, Climb Credit, Orijin, Mantra Health, Regent Education, Knack, Noodle, and Credly.
New fund likely raising soon
The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Series A, Series B, Growth | Not enough dated deals | Series A, Series B, Growth |
| Sectors | Edtech, HR and future of work | Not enough dated deals | Edtech, Enterprise SaaS, Data analytics, Healthtech, Biotech |
| Regions | US | Not enough dated deals | NY, MD, CA, VA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2003 | 1 | Data analytics, Hardware |
| 2004 | 1 | Media |
| 2006 | 1 | Ecommerce |
| 2007 | 4 | Data analytics, Enterprise SaaS, Biotech |
| 2008 | 1 | Data analytics, Enterprise SaaS |
| 2009 | 1 | Edtech |
| 2010 | 1 | Edtech |
| 2011 | 4 | Edtech, Biotech, Enterprise SaaS |
| 2012 | 1 | Edtech |
| 2013 | 5 | Edtech, Data analytics, Biotech |
| 2014 | 5 | Edtech, Enterprise SaaS, AI applications |
| 2015 | 2 | Biotech, Consumer, Edtech |
| 2016 | 3 | Edtech, Enterprise SaaS |
| 2017 | 5 | Edtech, Enterprise SaaS |
| 2018 | 2 | Edtech, Cybersecurity, Data analytics |
| 2019 | 4 | Edtech, Enterprise SaaS, Fintech |
| 2020 | 3 | Edtech, Enterprise SaaS, Biotech |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2011 | 0 | 0 | 1 | 1 | 0 |
| 2012 | 0 | 0 | 0 | 0 | 1 |
| 2013 | 0 | 0 | 2 | 3 | 0 |
| 2014 | 0 | 0 | 3 | 0 | 1 |
| 2015 | 0 | 0 | 0 | 1 | 1 |
| 2016 | 0 | 2 | 1 | 0 | 0 |
| 2017 | 0 | 1 | 2 | 1 | 0 |
| 2018 | 0 | 0 | 1 | 0 | 1 |
| 2019 | 0 | 0 | 4 | 0 | 0 |
| 2020 | 0 | 0 | 1 | 1 | 1 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| New Markets Education Partners III, L.P. | approx. 2021 | $200M (Form D) | Follow-ons only |
03 · People across funds
- JASON PALMER, MANAGING MEMBER OF THE GENERAL PARTNER
New Markets Education Partners III, L.P. (Named on Form D)
- MARK GROVIC, MANAGING MEMBER OF THE GENERAL PARTNER
New Markets Education Partners III, L.P. (Named on Form D)
- ROBB DOUB, MANAGING MEMBER OF THE GENERAL PARTNER
New Markets Education Partners III, L.P. (Named on Form D)
- Becky Spezzano, Vice President of Finance and Operations
- Juan Zavala, Partner
- Mark Chernis, Operating Partner
- Olivia Lowe, Vice President of Marketing and Investor Relations
- Sneha Kasuganti, Principal
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.newmarketsvp.com/
- https://www.newmarketsvp.com/team
- https://www.newmarketsvp.com/portfolio-companies/brains-%26-motion-education-(bam!)
- https://www.newmarketsvp.com/news
- https://www.newmarketsvp.com/about-us
- https://www.newmarketsvp.com/portfolio-companies/censia
- https://www.newmarketsvp.com/portfolio-companies/acceleration-academies
- https://www.newmarketsvp.com/portfolio-companies/climb-credit
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 25, 2026