Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / NEW Markets Venture Partners

NEW Markets Venture Partners

Institutional venture firmFulton, MDnewmarketsvp.comSEC venture capital fund adviser

New Markets Venture Partners is a leading edtech venture capital firm investing in innovative education and workforce technology startups. As a top VC firm in edtech, we provide funding and strategic support to mission-driven companies transforming learning and economic mobility. Explore how our investments create lasting impact.

venture manager, reported GAV $99M across 5 vehicles

Importance
28
moderate
Active deployment
11
low
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
5
low
Identity and regulatory footprint
Headquarters
Fulton, MDadviserinfo.sec.gov
Office address
8161 MAPLE LAWN BLVD., SUITE 350, Fulton, MD, 20759adviserinfo.sec.gov
Business phone
301 362-5511adviserinfo.sec.gov
Website
HTTP://WWW.NEWMARKETSVP.COM
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 27, 2026
Private funds reported
5 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$140Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Doub Robb Tyler (General Partner, Nmep Co-Invest, Llc), C
business phone
301 362-5511adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
3 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, marketplaces, climate, edtech, logistics, media, hrtech
Stages
series a, growth
Geography
global
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
series b 100%
Stage at first entry
series b 100%
Sectors
unknown 67%Other Technology 33%
lead rate 100%follow-on rate 0%new logos, 12 months 3
Funds and vehicles
5 reported, 1 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
NEW Markets Education Partners III, LPFund2022 adv first reportedActive deployment$33.7M
Mar 28, 2024
90$0
of $200M
Jun 24, 2021
Nmep Co-Invest, L.P.SPV or co-invest vehicle2019 adv first reportedMature$1.8M
Mar 28, 2024
1$0
of $3.0M
Mar 2, 2018
NEW Markets Education Partners II, L.P.Fund2016 adv first reportedHarvest$60.9M
Mar 28, 2024
13$0
of $100M
Jun 22, 2015
NEW Markets Education Partners LPFund2010 form d first saleHarvest$829,748
Mar 28, 2024
11$10.0M
of $50.0M
Jul 28, 2010
NEW Markets Venture Partners II LPFundunknownUnknown$2.2M
Mar 28, 2024
53unknownunknown
NEW Markets Growth Fund LLCGrowth fundunknownWound down$5.5M
Mar 27, 2015
22unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
15 current, 2 departed
Jason M Palmer
General Partner, New Markets Education Partners Ii, Llc · since Oct 1, 2017
General partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Jason Michael Palmer
General Partner, New Markets Education Parnters Iii, Llc · since Jul 1, 2021
General partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Mark Anthony Grovic
General Partner, New Markets Education Parnters Iii, Llc · since Jul 1, 2021
General partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Mark Grovic
Co-Founder and General Partner
General partner
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Robb Doub
Co-Founder and General Partner
General partner
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Robb Tyler Doub
General Partner, New Markets Education Parnters Iii, Llc · since Jul 1, 2021
General partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Olivia Lowe
Vice President of Marketing and Investor Relations
Investor relations
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Mark Chernis
Operating Partner
Operating partner
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Other
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Other
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Donald Maurice Spero
Special Partner, New Markets Education Partners Ii, Llc · since Jul 1, 2015
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Frank Adair Bonsal
Special Partner, New Markets Education Partners Llc · since Aug 1, 2010
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Partner
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Becky Spezzano
Vice President of Finance and Operations
Platform and operations
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Principal
FactVenture organization websites (about, team, portfolio, thesis, news pages)
2 departed (kept with end dates)
  • Elizabeth Michelle Chou · General Partner, Nmep Co-Invest Llc · Mar 1, 2018 to Apr 30, 2020 Inference
  • Frank Adair Bonsal · General Partner, New Markets Venture Partners Ii Llc · Sep 1, 2008 to Apr 30, 2020 Inference
Investments on record
3 edges, 3 companies, 1 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Investors Loginportfolio listingunknownunknownunknownunknownSep 12, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Knack Technologies, Inc.board seatunknown · boardRobb Doub (strongly supported)unknownunknownApr 29, 2026Inference SEC EDGAR Form D data sets (quarterly)
KnackSeries B · Series BleadunknownunknownunknownOct 21, 2025Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
3 relationships from shared deals, counted for the whole firm
Omega Fund Management, LLC 1 shared · one timeETS 1 shared · one time · we led 1Precursor Ventures Management, LLC 1 shared · one time · we led 1
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
12 dated events
  1. Mar 31, 2022
    NEW Markets Education Partners III, LP first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $15,008,054
    Fund first reported on Form ADVFundsFactNEW Markets Education Partners III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Apr 30, 2020
    Elizabeth Michelle Chou (General Partner, Nmep Co-Invest Llc) no longer on Schedule A of NEW Markets Venture Partners
    Person leftPeopleInferenceElizabeth Michelle ChouSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Apr 30, 2020
    Frank Adair Bonsal (General Partner, New Markets Venture Partners Ii Llc) no longer on Schedule A of NEW Markets Venture Partners
    Person leftPeopleInferenceFrank Adair BonsalSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Mar 29, 2019
    Nmep Co-Invest, L.P. first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $1,056,079
    Fund first reported on Form ADVFundsFactNmep Co-Invest, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  5. Mar 1, 2018
    Jason Michael Palmer joined Schedule A of NEW Markets Venture Partners as General Partner, Nmep Co-Invest, Llc
    Person joinedPeopleFactJason Michael PalmerSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Oct 1, 2017
    Jason M Palmer joined Schedule A of NEW Markets Venture Partners as General Partner, New Markets Education Partners Ii, Llc
    Person joinedPeopleFactJason M PalmerSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  7. Mar 29, 2016
    NEW Markets Education Partners II, L.P. first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $39,151
    Fund first reported on Form ADVFundsFactNEW Markets Education Partners II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  8. Mar 29, 2016
    NEW Markets Growth Fund LLC no longer reported on Form ADV by NEW Markets Venture Partners
    Fund no longer reportedFundsInferenceNEW Markets Growth Fund LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  9. Mar 28, 2012
    NEW Markets Venture Partners II LP first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $20,000,000
    Fund first reported on Form ADVFundsFactNEW Markets Venture Partners II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  10. Mar 28, 2012
    NEW Markets Growth Fund LLC first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $17,500,000
    Fund first reported on Form ADVFundsFactNEW Markets Growth Fund LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  11. Mar 28, 2012
    NEW Markets Education Partners LP first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $14,000,000
    Fund first reported on Form ADVFundsFactNEW Markets Education Partners LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  12. Mar 28, 2012
    NEW Markets Venture Partners first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 15, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $99M across 5 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $99M across 4 vehicles
Evidence
57 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-03-28Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-03-27Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-03-28Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2012-03-28Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone301 362-5511Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone301 362-5511Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://www.newmarketsvp.com/contact-us
“contact page linked from the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionNew Markets Venture Partners is a leading edtech venture capital firm investing in innovative education and workforce technology startups. As a top VC firm in edtech, we provide funding and strategic support to mission-driven companies transforming learning and economic mobility. Explore how our investments create lasting impact.
“meta description”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionNew Markets Venture Partners is a leading edtech venture capital firm investing in innovative education and workforce technology startups. As a top VC firm in edtech, we provide funding and strategic support to mission-driven companies transforming learning and economic mobility. Explore how our investments create lasting impact.
“meta description”
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersFulton, MDMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersFulton, MDMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address8161 MAPLE LAWN BLVD., SUITE 350, Fulton, MD, 20759Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address8161 MAPLE LAWN BLVD., SUITE 350, Fulton, MD, 20759Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Self-described typeventure_capital
“New Markets Venture Partners | Edtech venture capital”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typeventure_capital
“New Markets Venture Partners | Edtech venture capital”
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability CompanyMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://www.newmarketsvp.com/portfolio
“1 entries read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://www.newmarketsvp.com/portfolio
“1 entries read”
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported5Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported5Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$140MMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$99.3MMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographyglobal
“geography words on the home page”
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,enterprise_software,marketplaces,climate,edtech,logistics,media,hrtech
“sector words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,enterprise_software,marketplaces,climate,edtech,logistics,media,hrtech
“sector words on the home page”
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseries_a,growth
“stage words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseries_a,growth
“stage words on the home page”
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.newmarketsvp.com/team
“9 name/title pairs read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.newmarketsvp.com/team
“8 name/title pairs read”
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported5Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported5Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.NEWMARKETSVP.COMMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleNew Markets Venture Partners | Edtech venture capital
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleNew Markets Venture Partners | Edtech venture capital
“title tag”
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)