# New Markets Venture Partners: portfolio, investments and team

> New Markets Venture Partners is a vc firm based in United States. 30 investments on record, latest Jun 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/new-markets-venture-partners (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# New Markets Venture Partners

Last cheque observed Jun 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $10M, Jun 2021 VC firm

Seed Series A Series B Edtech Financial Services Ed-tech

Follow New Markets Venture Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnew-markets-venture-partners)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 30 on record

Since the last cheque **2684** days **00** hrs **00** min **00** sec

Median round **$8.0M** Rounds led **2 of 30** Sole investor **3 rounds** Exits **3 from the portfolio** Mostly in **United States, 100%**

Pitch New Markets Venture Partners

## New Markets Venture Partners highlights

- 01 30 rounds on record
- 02 Mostly Series A and Series B: 68% of its rounds
- 03 Sole investor in 3 rounds, median $6.0M
- 04 3 exits from the portfolio

## What they do

> New Markets Venture Partners is a leading edtech venture capital firm investing in innovative education and workforce technology startups. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Edtech Financial Services Ed-tech
- **Based in:** Washington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **30 appearances**

- **2019** 4 rounds
- **Jun** **[Climb Credit](https://millionrounds.com/company/climb-credit)** Series A · US · FinSMEs **$9.8M** *Led*
- **Apr** **[Motimatic](https://millionrounds.com/company/motimatic)** Series A · US · FinSMEs **$4.0M** With 4 others
- **Apr** **[Credly](https://millionrounds.com/company/credly)** US · FinSMEs **$11M** With 6 others
- **Mar** **[Mursion](https://millionrounds.com/company/mursion)** Series A · US · FinSMEs **$8.0M** *Led*
- **2018** 1 round
- **Jan** **[LearnPlatform](https://millionrounds.com/company/learnplatform)** US · FinSMEs **$3.2M** With 5 others
- **2017** 4 rounds
- **Dec** **[Noodle Partners](https://millionrounds.com/company/noodle-partners)** Series A · US · FinSMEs **$14M** With 1 other
- **Sept** **[Credly](https://millionrounds.com/company/credly)** US · FinSMEs **$4.6M** With 4 others
- **Jul** **[Signal Vine](https://millionrounds.com/company/signal-vine)** Series A · US · FinSMEs **$2.0M** Sole investor
- **Mar** **[Regent Education](https://millionrounds.com/company/regent-education)** US · FinSMEs **$8.5M** With 2 others
- **2015** 2 rounds
- **Nov** **[PresenceLearning](https://millionrounds.com/company/presencelearning)** Series C · US **$25M** With 4 others
- **Jan** **[Mashable](https://millionrounds.com/company/mashable)** Series B · US **$17M** With 4 others
- **2014** 5 rounds
- **Dec** **[Orchestro](https://millionrounds.com/company/orchestro)** Venture · US **$9.8M** With 2 others
- **Oct** **[Fishtree Inc](https://millionrounds.com/company/fishtree-inc)** Series A · US **$2.0M** With 3 others
- **Sept** **[Three Ring](https://millionrounds.com/company/three-ring)** Series A · US **$1.3M** With 2 others
- **Jul** **[Regent Education](https://millionrounds.com/company/regent-education)** Series C · US **$4.0M** With 1 other
- **Mar** **[Mashable](https://millionrounds.com/company/mashable)** Series A · US **$14M** With 6 others
- **2013** 4 rounds
- **Sept** **[Think Through Learning](https://millionrounds.com/company/think-through-learning)** Series B · US · finsmes.com **$5.6M** With 3 others
- **Jun** **[Civitas Learning](https://millionrounds.com/company/civitas-learning)** Series B · US · finsmes.com **$8.8M** With 5 others
- **Apr** **[PresenceLearning](https://millionrounds.com/company/presencelearning)** Venture · US · techcrunch.com **$8.0M** With 5 others
- **Feb** **[Kickboard](https://millionrounds.com/company/kickboard)** Series A · US · finsmes.com **$2.0M** With 1 other
- **2012** 1 round
- **Jul** **[The American Academy](https://millionrounds.com/company/the-american-academy)** Series C · US · pevc.dowjones.com **$6.0M** Sole investor
- **2011** 4 rounds
- **Sept** **[BetterLesson](https://millionrounds.com/company/betterlesson)** Series A · US · techcrunch.com **$1.6M** With 5 others
- **May** **[Informous](https://millionrounds.com/company/informous)** Venture · US · sec.gov **$1.0M** With 2 others
- **Mar** **[Think Through Learning](https://millionrounds.com/company/think-through-learning)** Series B · US **$4.6M** With 2 others
- **Jan** **[CSA Medical](https://millionrounds.com/company/csa-medical)** Series A · US · finsmes.com **$10M** Sole investor
- **2009** 1 round
- **Aug** **[Questar Assessment](https://millionrounds.com/company/questar-assessment)** Growth · US **$4.6M** With 1 other
- **2007** 1 round
- **May** **[GeoIQ](https://millionrounds.com/company/geoiq)** Series B · US **$5.5M** With 3 others
- **2006** 1 round
- **Jul** **[ARPU](https://millionrounds.com/company/arpu)** Series B · US · techjournalsouth.com **$5.0M** With 3 others
- **2004** 1 round
- **Jul** **[Lightningcast](https://millionrounds.com/company/lightningcast)** Series D · US **$5.0M** With 3 others
- **2003** 1 round
- **Jul** **[Advanced Data Exchange](https://millionrounds.com/company/advanced-data-exchange)** Series D · US **$10M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

DM **Donald Maurice Spero** Special Partner, Nmgf Management LLC i Form ADV

FA **Frank Adair Bonsal** Special Partner, New Markets Venture Partners II LLC i Form ADV

FI **Frank, Iii Bonsal** MANAGER OF THE SOLE GENERAL PARTNER i Filing they signed

JM **Jason M Palmer** General Partner, New Markets Education Partners II, LLC i Form ADV

MA **Mark Anthony Grovic** MANAGING MEMBER OF THE GENERAL PARTNER i Filing they signed

RT **Robb Tyler Doub** MANAGING MEMBER OF THE GENERAL PARTNER i Filing they signed

We also hold **11** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$140M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** NMGF Management, LLC
- **SEC number:** CRD 163508

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[GeoIQ](https://millionrounds.com/company/geoiq)** Bought by Esri **Undisclosed** Jul 2012

**[Advanced Data Exchange](https://millionrounds.com/company/advanced-data-exchange)** Bought by Liaison Technologies **Undisclosed** Jan 2010

**[Lightningcast](https://millionrounds.com/company/lightningcast)** Bought by [AOL](https://millionrounds.com/fund/aol) **Undisclosed** May 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$10M**

raised in Jun 2021

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$8.0M** the round, not its cheque Alone, median **$6.0M**

Led 2 of 30 rounds **7%**

- **Sole investor:** 3 rounds
- **Last cheque:** Jun 2019
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Series A said *11*
- Series B said *6*
- Series C *3*
- Venture *3*
- Series D *2*
- Seed said *-*
- Growth said *-*

Cheques by year Led Joined

2003 2019

Often in the room with

- [University Ventures](https://millionrounds.com/fund/university-ventures) 4
- [Birchmere Ventures](https://millionrounds.com/fund/birchmere-ventures) 2
- [Blue Heron Capital](https://millionrounds.com/fund/blue-heron-capital) 2
- [Catamount Ventures](https://millionrounds.com/fund/catamount-ventures) 2
- [Chrysalis Ventures](https://millionrounds.com/fund/chrysalis-ventures) 2
- [Elio Leoni-Sceti](https://millionrounds.com/fund/elio-leoni-sceti) 2

**Pitching New Markets Venture Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as New Markets Venture Partners. A count of rooms they were both in, not a relationship either has claimed.

[**University Ventures** Private equity **4** rounds together](https://millionrounds.com/fund/university-ventures)[**Birchmere Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/birchmere-ventures)[**Blue Heron Capital** VC firm **2** rounds together](https://millionrounds.com/fund/blue-heron-capital)[**Catamount Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/catamount-ventures)[**Chrysalis Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/chrysalis-ventures)[**Elio Leoni-Sceti** Investment firm **2** rounds together](https://millionrounds.com/fund/elio-leoni-sceti)[**Kevin McAliley** Angel **2** rounds together](https://millionrounds.com/fund/kevin-mcaliley)[**Michael Lazerow** Angel **2** rounds together](https://millionrounds.com/fund/michael-lazerow)[**Saturn Asset** Growth equity **2** rounds together](https://millionrounds.com/fund/saturn-asset)[**The Grosvenor Funds** VC firm **2** rounds together](https://millionrounds.com/fund/the-grosvenor-funds)[**Updata Partners** VC firm **2** rounds together](https://millionrounds.com/fund/updata-partners)[**Zoma Capital** Family office **2** rounds together](https://millionrounds.com/fund/zoma-capital)

## Recently backed

The latest companies New Markets Venture Partners put money into.

[**Climb Credit** $9.8M · Jun 2019](https://millionrounds.com/company/climb-credit)[**Motimatic** $4.0M · Apr 2019](https://millionrounds.com/company/motimatic)[**Credly** $11M · Apr 2019](https://millionrounds.com/company/credly)[**Mursion** $8.0M · Mar 2019](https://millionrounds.com/company/mursion)[**LearnPlatform** $3.2M · Jan 2018](https://millionrounds.com/company/learnplatform)[**Signal Vine** $2.0M · Jul 2017](https://millionrounds.com/company/signal-vine)

## Quick answers about New Markets Venture Partners

### What does New Markets Venture Partners invest in?

New Markets Venture Partners invests most often at Series A and Series B (68% of the rounds on record), in sectors such as Edtech, Financial Services and Ed-tech.

### How active is New Markets Venture Partners?

30 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Jun 2019.

### What has New Markets Venture Partners invested in recently?

Its most recent investments on record: Climb Credit (Series A, Jun 2019), Motimatic (Series A, Apr 2019) and Credly (Undisclosed round, Apr 2019).

### How big are New Markets Venture Partners's cheques?

The median round it joins is $8.0M.

### Does New Markets Venture Partners lead rounds?

Sometimes: it led 2 of its 30 investments on record (7%).

### Where does New Markets Venture Partners invest?

Most of the companies it backs are in the United States (100%).

### Is New Markets Venture Partners investing now?

No investments in the last 12 months; the latest was in Jun 2019.

### Who does New Markets Venture Partners invest alongside?

Most often University Ventures (4 rounds together), Birchmere Ventures (2 rounds together) and Blue Heron Capital (2 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=new-markets-venture-partners) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=new-markets-venture-partners)