NEW Markets Venture Partners
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.
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
- 3 companiesnew 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.
- 1 companyportfolio 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.
- 2 dealswith 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- PrincipalWhy: Principal on the deal teamNo route on file yet
- Special Partner, New Markets Education Partners LlcWhy: Partner: part of the investment decisionNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo 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.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
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
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Datapeople | portfolio listing | unknown | unknown | unknown | unknown | Sep 29, 2026 | Fact Company website |
| KidzToPros, Inc. | board seat | unknown · board | Juan Zavala (strongly supported) | unknown | unknown | Aug 26, 2026 | Inference Form D |
| Knack Technologies, Inc. | board seat | unknown · board | Robb Doub (strongly supported) | unknown | unknown | Apr 29, 2026 | Inference Form D |
Stated thesis versus observed behaviour
- 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
Team
13 current, 4 departed
Decision makers
- Sneha Kasuganti · PrincipalWhy this person: Principal on the deal team; Named with investment responsibility
- Frank Adair Bonsal · Special Partner, New Markets Education Partners LlcWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Juan Zavala · PartnerWhy 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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Special Partner, New Markets Education Partners Llc · 3 deals attributed
- Partner · 1 deal attributed
- Principal
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 on record, each with its source. Values open with the complete profile.
Funds and LPs
5 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| NEW Markets Education Partners III, LP | Fund | 2022 adv first reported | Active deployment | $74.6M Mar 27, 2026 | 90 | $0 of $200M | Jun 24, 2021 |
| Nmep Co-Invest, L.P. | SPV or co-invest vehicle | 2019 adv first reported | Mature | $470,588 Mar 27, 2026 | 1 | $0 of $3.0M | Mar 2, 2018 |
| NEW Markets Education Partners II, L.P. | Fund | 2016 adv first reported | Harvest | $62.4M Mar 27, 2026 | 13 | $0 of $100M | Jun 22, 2015 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
6 co-investors · on 1 other DFX graph
Co-investors
- 2015-10-302 shared deals · recurring
- 2026-10-011 shared deal · one time
- 2026-09-131 shared deal · one time
Compare portfolios with Camden Partners Growth Equity, Greatpoint Investment Management, LLC, Omega Fund Management, LLC or any firm. Co-investors across the market
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
NEW Markets Venture Partners is the same institution as 1 record in RIA and Wealth.
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
- Mar 31, 2022NEW Markets Education Partners III, LP first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $15,008,054
- Apr 30, 2020Elizabeth Michelle Chou (General Partner, Nmep Co-Invest Llc) no longer on Schedule A of NEW Markets Venture Partners
- Apr 30, 2020Frank Adair Bonsal (General Partner, New Markets Venture Partners Ii Llc) no longer on Schedule A of NEW Markets Venture Partners
- Mar 29, 2019Nmep Co-Invest, L.P. first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $1,056,079
- Mar 1, 2018Jason Michael Palmer joined Schedule A of NEW Markets Venture Partners as General Partner, Nmep Co-Invest, Llc
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 5 private fundsShowHide
- 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
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $140M across 5 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $99M across 5 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $99M across 4 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 28, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-28 | Mar 27, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-28 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 27, 2026 | Fact | Form ADV |
| SEC status effective | 2012-03-28 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 27, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Headquarters | Fulton, MD | Mar 27, 2026 | Fact | Form ADV |
| Headquarters | Fulton, MD | Mar 28, 2024 | Fact | Form ADV |
| Office address | Mar 27, 2026 | Fact | Form ADV | |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 27, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 28, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 12, 2026 | Fact | ||
| Private funds reported | 5 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $140M | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $140M | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $99.3M | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 27, 2026 | Fact | Form ADV |
| Stated geography | global “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, edtech, logistics, media, hrtech “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, climate, edtech, logistics, media, hrtech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, climate, edtech, logistics, media, hrtech “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | Series a, growth “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Series a, growth “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Series a, growth “stage words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 5 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 28, 2024 | Fact | Form ADV |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $140M across 5 vehicles
- 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
- Adviser's first ADV filing2012-03-28source 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.