NEW Markets Venture Partners

Institutional venture firmSEC venture capital fund adviser· Fulton, MarylandNEWMARKETSVP.COM

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.

In the firm's own words, from its website.

Reported fund assets
$140M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
3
Investment team
10
Latest vintage
2022
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (9)Team (13)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

7 additional team members, 3 additional co-investors and affiliates, 9 additional investments, funds and LPs, 7 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 3 companies
    new in 12 months

    3 new companies in the last 12 months. Took 1 board seat on new Form D filings in 90 days (KidzToPros).

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 5 Aug 2026 ($522K sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  3. 2 deals
    with Camden Partners Growth Equity

    Invests most often alongside Camden Partners Growth Equity (2 shared deals).

    pair last observed on record 30 Oct 2015, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Sneha Kasuganti
    Principal
    Why: Principal on the deal team
    No route on file yet
  • Frank Adair Bonsal
    Special Partner, New Markets Education Partners Llc
    Why: Partner: part of the investment decision
    No route on file yet
  • Juan Zavala
    Partner
    Why: Partner: part of the investment decision
    No route on file yet

Relationship network

32 connected entities8 observed rounds3 repeat counterparties

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to NEW Markets Venture Partners: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to NEW Markets Venture Partners

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

9 companies on record, 3 new in 12 months
Investments on record
9 companies, 9 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Datapeopleportfolio listingunknownunknownunknownunknownSep 29, 2026Fact Company website
KidzToPros, Inc.board seatunknown · boardJuan Zavala (strongly supported)unknownunknownAug 26, 2026Inference Form D
Knack Technologies, Inc.board seatunknown · boardRobb Doub (strongly supported)unknownunknownApr 29, 2026Inference Form D
Stated thesis versus observed behaviour
11 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, marketplaces, 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 78%Other 11%Other Technology 11%
lead rate 100%follow-on rate 33%new companies, 12 months 3

Team

13 current, 4 departed
Decision makers
who to call first, and why; then everyone else by function
  • Sneha Kasuganti · Principal
    Why this person: Principal on the deal team; Named with investment responsibility
  • Frank Adair Bonsal · Special Partner, New Markets Education Partners Llc
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Juan Zavala · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
13 current, 4 departed
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
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

5 vehicles, 0 LPs disclosed
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$74.6M
Mar 27, 2026
90$0
of $200M
Jun 24, 2021
Nmep Co-Invest, L.P.SPV or co-invest vehicle2019 adv first reportedMature$470,588
Mar 27, 2026
1$0
of $3.0M
Mar 2, 2018
NEW Markets Education Partners II, L.P.Fund2016 adv first reportedHarvest$62.4M
Mar 27, 2026
13$0
of $100M
Jun 22, 2015
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

6 co-investors · on 1 other DFX graph
Co-investors
6 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

NEW Markets Venture Partners is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

12 dated events, 80 observations from 4 sources
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, LPForm ADV
  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 ChouForm ADV
  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 BonsalForm ADV
  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.Form ADV
  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 PalmerForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 5 private fundsShow
Headquarters
Fulton, MDadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
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, adviser total
$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), owns 25% to 50%
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $140M across 5 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $99M across 5 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $99M across 4 vehicles
Evidence
80 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 27, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 27, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 28, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 27, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 27, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 28, 2024FactForm ADV
First Form ADV filing2012-03-28Mar 27, 2026FactForm ADV
First Form ADV filing2012-03-28Mar 28, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-27Mar 27, 2026FactForm ADV
Latest Form ADV filing2026-03-27Mar 27, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
SEC statusERA - ActiveMar 27, 2026FactForm ADV
SEC status effective2012-03-28Mar 27, 2026FactForm ADV
Venture share of reported funds1Mar 27, 2026FactForm ADV
Venture share of reported funds1Mar 28, 2024FactForm ADV
Business phoneMar 27, 2026FactForm ADV
Business phoneMar 28, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 12, 2026Factno URL
HeadquartersFulton, MDMar 27, 2026FactForm ADV
HeadquartersFulton, MDMar 28, 2024FactForm ADV
Office addressMar 27, 2026FactForm ADV
Office addressMar 28, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 12, 2026Factno URL
Legal formLimited Liability CompanyMar 27, 2026FactForm ADV
Legal formLimited Liability CompanyMar 28, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 12, 2026Factno URL
Private funds reported5Mar 27, 2026FactForm ADV
Private funds reported5Mar 27, 2026FactForm ADV
Private funds reported5Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$140MMar 27, 2026FactForm ADV
Private fund gross assets (reported)$140MMar 27, 2026FactForm ADV
Private fund gross assets (reported)$99.3MMar 28, 2024FactForm ADV
Schedule a diffsadiff-1Mar 27, 2026FactForm ADV
Stated geographyglobal
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyglobal
“geography words on the home page”
Sep 12, 2026Factno URL
Stated sectorsAI, enterprise software, marketplaces, edtech, logistics, media, hrtech
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsAI, enterprise software, marketplaces, climate, edtech, logistics, media, hrtech
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, enterprise software, marketplaces, climate, edtech, logistics, media, hrtech
“sector words on the home page”
Sep 12, 2026Factno URL
Stated stagesSeries a, growth
“stage words on the home page”
Sep 30, 2026Factno URL
Stated stagesSeries a, growth
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesSeries a, growth
“stage words on the home page”
Sep 12, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 12, 2026Factno URL
Venture funds reported5Mar 27, 2026FactForm ADV
Venture funds reported5Mar 27, 2026FactForm ADV
Venture funds reported5Mar 28, 2024FactForm ADV
WebsiteMar 28, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 12, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
47
elevated
Active deployment
11
low
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $140M across 5 vehicles

The inputs behind each score
importance
gav: 0.35 · funds: 0.5 · people: 1 · investments: 0.4 · co investors: 0.31
active deployment
investments 12m: 0.38 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-08-26
emerging manager
fund count: 6 · reported gav: $140M · first adv filing: 2012-03-28 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-28source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.