New Markets Venture Partners

New Markets Venture Partners is a leading, early and growth-stage, double bottom-line investor based in the Washington, D.C. Metro Area. New Markets makes direct investments in transformative education and workforce technology companies, which leads to superior financial returns and positive social impact. Each of our partners has many decades of investment and education experience. We maintain proprietary relationships with states, districts, universities and other centers of innovation that allow us to provide exceptional value to our portfolio companies. We help our companies succeed by adding value before, during, and after the investment process.

Laura Antonelli

Vice President of Finance and Operations

Mark Chernis

Operating Partner

Doub, Robb Tyler

Co-Founder and General Partner

Maria Flynn

Senior Advisor

Mark Grovic

General Partner and Founder

Sneha Kasuganti

Senior Associate

Juan Zavala

Principal

49 past transactions

Orijin, PBC

Series C in 2022
(Formerly APDS) Launched in 2014, Orijin’s mission is to rewrite every justice-impacted person’s story, allowing each to re-enter society with renewed career-readiness, re-skilled education, and training through a customized pathway, to rebuild their lives and create sustainable employment. Orijin provides a robust cloud-based learning and communications platform delivered on secure tablet computers in hundreds of correctional facilities across the country. Orijin is a public benefit corporation and certified Certified B Corporation that never charges incarcerated individuals or their families for its technology or services. To learn more, go to https://Orijin.works

Mantra Health

Series A in 2022
Mantra Health is a digital mental healthcare company designed for all university students. Using its proprietary Collaboration Portal, Mantra develops custom, integrated telemental health programs that improve clinical outcomes and reduce time to access care for universities of all sizes.

Pathstream

Venture Round in 2021
Pathstream is a web-based platform for teaching in-demand tech skills for work. Pathstream partners with industry-leading tech companies and higher education institutions to transform digital skill learning. The company's platform allows students to immediately access pre-configured, project based instruction, realistic workplace simulations, and on-demand coaching.

Orijin, PBC

Series B in 2020
(Formerly APDS) Launched in 2014, Orijin’s mission is to rewrite every justice-impacted person’s story, allowing each to re-enter society with renewed career-readiness, re-skilled education, and training through a customized pathway, to rebuild their lives and create sustainable employment. Orijin provides a robust cloud-based learning and communications platform delivered on secure tablet computers in hundreds of correctional facilities across the country. Orijin is a public benefit corporation and certified Certified B Corporation that never charges incarcerated individuals or their families for its technology or services. To learn more, go to https://Orijin.works

PAIRIN

Series A in 2020
PAIRIN is a social impact technology company that is revolutionizing the way the workforce and education intersect to foster a seamless, rewarding, and relevant journey for students and career-seeking professionals.

Presence

Series D in 2020
PresenceLearning makes live, online special education related services available to K-12 students around the United States. As the leader in the delivery of clinical services via the web, PresenceLearning has provided over 2.5 million teletherapy sessions. Services include speech-language therapy, occupational therapy, behavioral interventions and mental health services, assessments, and early childhood services.

Climb Credit

Series A in 2019
​​Climb (NMLS# 1240013) is an innovative student payment platform that makes career-focused education more accessible and affordable. Driven by a mission to empower individuals to unlock their potential – no matter their credit profile – Climb identifies programs and schools that offer skill-based training programs, then provides learners with payment options that are structured to meet the unique needs of those seeking career training. Recognizing the dynamic and diverse nature of a rapidly-changing economy, Climb partners with schools that teach everything from cybersecurity to healthcare training, heavy machine operation to data science, and culinary arts to AI & Machine Learning. While status quo education pathways are struggling to meet the real-world needs of students and prospective employers, Climb and its partner schools are committed to an inspiring practicality that helps bridge the gap between people looking for career training and companies looking to build a skilled workforce.

Motimatic

Series A in 2019
Motimatic develops a student retention platform. Their platform leverages scientifically proven techniques that drive personal behavior through subtle psychological cues, habit-forming triggers and other motivational strategies, enabling educational institutions to retain and help students complete their studies.

Credly

Series A in 2019
Credly is helping the world speak a common language about people’s knowledge, skills, and abilities. Thousands of employers, training organizations, associations, certification programs, and workforce development initiatives use Credly to help individuals translate their learning experiences into professional opportunities using trusted, portable, digital credentials. Credly empowers organizations to attract, engage, develop, and retain talent with enterprise-class tools that generate data-driven insights to address skills gaps and highlight opportunities through an unmatched global network of credential issuers. Unleash the workforce.

Mursion

Series A in 2019
Mursion provides immersive simulated practice for essential skills in the workplace powered by humans and assisted by AI. Its virtual reality platform uses a combination of artificial intelligence and live actors to deliver powerful and personalized simulations. It provides a wide range of immersive and authentic workplace environments in which to simulate challenging interpersonal on-the-job exchanges.

Galvanize

Series C in 2018
Galvanize is a school for entrepreneurs, engineers, and data scientists. It is a learning community for technology with nine physical and two remote campuses, where innovative startups, aspiring students, and large enterprises benefit from this dynamic, unique business ecosystem. Galvanize is backed by investors including, but not limited to, Catalyst Investors, ABS Capital Partners, University Ventures, New Markets Venture Partners, and Colorado Impact Fund. The company was co-founded by Tony Mugavero, Chris Onan, Jim Deters, and Lawrence Mandes in 2012, and is headquartered in Denver, Colorado.

LearnPlatform

Series A in 2018
LearnPlatform is the edtech effectiveness system used by school districts, states, higher ed institutions, and their partners to organize, streamline, and rapidly analyze the impact of their technology and teaching practices. Over 150,000 educators across thousands of schools use LearnPlatform's free and paid services to save time, save money, and improve outcomes. The company delivering ground-breaking tools that save money, improve learning, and build the capacity of hundreds of thousands of educators and their organizations.

BetterLesson

Series B in 2017
BetterLesson connects K-12 educators with comprehensive professional learning solutions that help them thrive in an increasingly complex world. Through research-based professional development centered on student outcomes, educators gain the necessary skills to create meaningful student-centered learning experiences that meet all students’ needs. We provide intentionally defined learning pathways and self-directed courses supported by deep-dive Workshops, job-embedded 1:1 Coaching, and supportive Learning Walks that guide strategic learning across a district to achieve outcomes for all students in and beyond the classroom.

Credly

Seed Round in 2017
Credly is helping the world speak a common language about people’s knowledge, skills, and abilities. Thousands of employers, training organizations, associations, certification programs, and workforce development initiatives use Credly to help individuals translate their learning experiences into professional opportunities using trusted, portable, digital credentials. Credly empowers organizations to attract, engage, develop, and retain talent with enterprise-class tools that generate data-driven insights to address skills gaps and highlight opportunities through an unmatched global network of credential issuers. Unleash the workforce.

Signal Vine

Series A in 2017
Signal Vine is a text messaging platform that uses Blended Messaging to reach students where they operate most while incorporating the benefits of AI to save staff time. The company's s platform empowers customers to combine text messaging with student data to deliver personalized information, prompt timely action, and ultimately improve outcomes for higher education organizations, nonprofits, and government programs. By nudging students, alumni, and staff with personal messages on key deadlines, appointments, and offers of support, administrators can improve engagement and in turn enrollment and persistence. It was founded in 2013 and is headquartered in Alexandria, Virginia, United States.

Motimatic

Series A in 2017
Motimatic develops a student retention platform. Their platform leverages scientifically proven techniques that drive personal behavior through subtle psychological cues, habit-forming triggers and other motivational strategies, enabling educational institutions to retain and help students complete their studies.

Regent Education

Venture Round in 2017
Regent is a Software-as-a-Service (SaaS) provider of financial aid management software solutions for higher education institutions. SaaS solutions are designed to inter-operate with and enhance existing ERP systems, while enabling institutions to realize a positive, quantifiable ROI in the same fiscal period in which they are deployed.

Noodle

Seed Round in 2016
Noodle creates innovative online and hybrid programs while improving traditional classroom models. Noodle Partners has the capability to work with universities on every aspect of building a certificate or degree program that they choose—marketing, student recruitment, enrollment, curriculum design, student engagement, support services, graduate placement, and alumni engagement—and provides a high level of fit and finish.

Practice

Series A in 2016
Practice is an applied microlearning solution used to build and sustain continuous learning cultures that increase competence and confidence and drive innovation. Practice does this by creating a scalable means for teams to frequently practice skills and receive meaningful, timely feedback through the power of peer-to-peer video assessment and coaching. Practice's patented mobile-first video technology and learning methodology is used by organizations such as Comcast, Domino’s, Cox Automotive, NBCUniversal, PepsiCo, the University of Pennsylvania, and Harvard Medical School for reinforcement and retention of new hire training, fostering feedback, increasing collaboration, accelerating productivity, and achieving higher return on investment of learning and talent development initiatives.

Credly

Seed Round in 2016
Credly is helping the world speak a common language about people’s knowledge, skills, and abilities. Thousands of employers, training organizations, associations, certification programs, and workforce development initiatives use Credly to help individuals translate their learning experiences into professional opportunities using trusted, portable, digital credentials. Credly empowers organizations to attract, engage, develop, and retain talent with enterprise-class tools that generate data-driven insights to address skills gaps and highlight opportunities through an unmatched global network of credential issuers. Unleash the workforce.

BetterLesson

Series A in 2016
BetterLesson connects K-12 educators with comprehensive professional learning solutions that help them thrive in an increasingly complex world. Through research-based professional development centered on student outcomes, educators gain the necessary skills to create meaningful student-centered learning experiences that meet all students’ needs. We provide intentionally defined learning pathways and self-directed courses supported by deep-dive Workshops, job-embedded 1:1 Coaching, and supportive Learning Walks that guide strategic learning across a district to achieve outcomes for all students in and beyond the classroom.

Presence

Series C in 2015
PresenceLearning makes live, online special education related services available to K-12 students around the United States. As the leader in the delivery of clinical services via the web, PresenceLearning has provided over 2.5 million teletherapy sessions. Services include speech-language therapy, occupational therapy, behavioral interventions and mental health services, assessments, and early childhood services.

Mashable

Series B in 2015
Mashable is the leading media company for the Connected Generation and the voice of digital culture. Reporting on the importance of digital innovation, Mashable empowers, and inspires its readers around the globe. Since its inception in 2005, Mashable record 45 million monthly unique visitors and 28 million social media followers and are one of the most influential and engaged online communities worldwide. Mashable is headquartered in New York City with offices in San Francisco, London, and Los Angeles.

Orchestro

Venture Round in 2014
Orchestro develops a software-as-a-service-based demand signal management platform. They enable consumer products companies to consolidate point-of-sale, internal, and syndicated data to create dashboards for category analysts, national account managers, and international representatives.

Fishtree

Series A in 2014
Fishtree is an education technology company that provides teachers with the digital tools to deliver engaging, personalized lessons in a collaborative learning environment. Fishtree offers quick and easy access to the best resources including real-time media and publisher content, and allows teachers to monitor and track student progress easily through powerful analytics. Our global movement has resulted in partnerships around the world, dedicated to empowering educators in every possible way.

Three Ring

Series A in 2014
Three Ring is a provider of enterprise education software for the organization, sharing, and use of multimedia evidence of student growth. It enables students and teachers to seamlessly gather real evidence of learning from the classroom and make it available, privately, and securely online, to whoever needs it.

Regent Education

Series C in 2014
Regent is a Software-as-a-Service (SaaS) provider of financial aid management software solutions for higher education institutions. SaaS solutions are designed to inter-operate with and enhance existing ERP systems, while enabling institutions to realize a positive, quantifiable ROI in the same fiscal period in which they are deployed.

Mashable

Series A in 2014
Mashable, Inc. is an online news community that focuses on digital culture, social media, and technology. Founded in 2005 and headquartered in New York City, with additional offices in San Francisco, London, and Los Angeles, Mashable serves millions of monthly unique visitors and has a substantial social media following. The platform offers news, information, and resources while also curating job openings in technology, marketing, business, and design fields. Additionally, Mashable provides advertising services and has established a strategic partnership with 360i. As of December 2017, Mashable operates as a subsidiary of Ziff Davis, LLC, further solidifying its position as a leading voice in the digital media landscape.

Mashable

Series A in 2014
Mashable is the leading media company for the Connected Generation and the voice of digital culture. Reporting on the importance of digital innovation, Mashable empowers, and inspires its readers around the globe. Since its inception in 2005, Mashable record 45 million monthly unique visitors and 28 million social media followers and are one of the most influential and engaged online communities worldwide. Mashable is headquartered in New York City with offices in San Francisco, London, and Los Angeles.

Think Through Learning

Series B in 2013
Think Through Learning's key product line, Think Through Math, is America's leading online math remediation software. There are almost 3,000,000 students in over 180,000 classrooms who are paid subscribers to Think Through Math. Think Through Math is a unique SaaS system integrating student motivation, instant on-demand interventions from state-certified US math teachers, and award winning adaptive math instruction that teaches students higher order thinking skills. Winner of the 2014 and 2012 CODiE for Best Math Instructional Solution, Think Through Math is proven to raise students understanding of math. Each student starts with an adaptive placement test that moves them right to the math they need to learn. Extensive guided feedback supports them. When they are stuck, a U.S., state-cerfiied, classroom experienced math teacher will pop up within 10 seconds to tutor them in real time. A January, 2015 independent research study commissioned by the Texas Education Agency (TEA) of 755,440 students who used Think Through Math showed that students using the system on a regular basis improved their math scores an average of 23%. The study is available of the TEA website. Numerous other studies have proven Think Through Math significantly improves students understanding of math.

Civitas Learning

Series B in 2013
Civitas Learning’s student success intelligence platform leverages each institution’s unique data to help them chart the best course to improved outcomes for students. The platform is grounded in unparalleled work in data science, built into workflows with integrated applications, and implemented on-site with seasoned strategic service teams. Today, Civitas Learning works with 375 colleges and universities, serving nearly 8 million students. Together with their growing community of customers, Civitas Learning is making the most of the world’s learning data to help graduate a million more students per year by 2025.

Presence

Series B in 2013
PresenceLearning makes live, online special education related services available to K-12 students around the United States. As the leader in the delivery of clinical services via the web, PresenceLearning has provided over 2.5 million teletherapy sessions. Services include speech-language therapy, occupational therapy, behavioral interventions and mental health services, assessments, and early childhood services.

Calvert Learning

Series A in 2013
Calvert Learning, based in Hunt Valley, Maryland, specializes in providing curriculum services for home school students and educational institutions. Established in 1906, the company offers a comprehensive range of courses in subjects such as history, mathematics, science, literature, and foreign languages, utilizing a blend of traditional textbooks and online learning. Its curriculum is designed for English-speaking students from pre-kindergarten through eighth grade, emphasizing active, project-based learning. In addition to its academic offerings, Calvert Learning provides advisory teaching, technical support services, and flexible, modular approaches tailored to the needs of schools and districts. The organization has a long-standing commitment to ensuring that all students have access to a high-quality education, regardless of their learning environment. As of 2019, Calvert Learning operates as a subsidiary of Edmentum, Inc., continuing its mission to support both homeschool families and educational institutions.

Kickboard

Series A in 2013
Kickboard is a next-generation grade book-as-a-platform. Using Kickboard, teachers collect, analyze and share mission-critical data, including multiple assessments, standards mastery, reading growth, 21st-century skills, parent communication, and, most uniquely, student behavior and character strengths. The platform is built by educators for educators and offers a simple yet powerful web-based dashboard to increase alignment, consistency, and real-time visibility of student performance across classrooms.

The American Academy

Series C in 2012
The American Academy, Inc. (TAA) was established in 2007 with the vision is to become the leading online educational services partner to public high schools throughout the U.S. In addition to providing online and alternative educational services to high schools, TAA operates an accredited, private, online high school (The American Academy) that serves high school age and adult students worldwide who want to supplement their high school education and/or earn a full high school diploma. Through its unique School-as-a-Serviceâ„¢ platform, The American Academy gives: Students an opportunity to choose from more than 230 online courses, supported by state-licensed teachers and access to tutoring 24/7. High Schools an innovative program for dropout recovery and prevention, as well as offering additional courses for credit recovery or curriculum expansion. Teachers the ability to teach, develop content, tutor and perform community outreach to promote online learning.

BetterLesson

Venture Round in 2011
BetterLesson connects K-12 educators with comprehensive professional learning solutions that help them thrive in an increasingly complex world. Through research-based professional development centered on student outcomes, educators gain the necessary skills to create meaningful student-centered learning experiences that meet all students’ needs. We provide intentionally defined learning pathways and self-directed courses supported by deep-dive Workshops, job-embedded 1:1 Coaching, and supportive Learning Walks that guide strategic learning across a district to achieve outcomes for all students in and beyond the classroom.

Informous

Venture Round in 2011
Informous, a B2B content marketing platform enabling businesses to reach highly targeted audiences with specific content, generating more informed and qualified leads.

Think Through Learning

Series B in 2011
Think Through Learning's key product line, Think Through Math, is America's leading online math remediation software. There are almost 3,000,000 students in over 180,000 classrooms who are paid subscribers to Think Through Math. Think Through Math is a unique SaaS system integrating student motivation, instant on-demand interventions from state-certified US math teachers, and award winning adaptive math instruction that teaches students higher order thinking skills. Winner of the 2014 and 2012 CODiE for Best Math Instructional Solution, Think Through Math is proven to raise students understanding of math. Each student starts with an adaptive placement test that moves them right to the math they need to learn. Extensive guided feedback supports them. When they are stuck, a U.S., state-cerfiied, classroom experienced math teacher will pop up within 10 seconds to tutor them in real time. A January, 2015 independent research study commissioned by the Texas Education Agency (TEA) of 755,440 students who used Think Through Math showed that students using the system on a regular basis improved their math scores an average of 23%. The study is available of the TEA website. Numerous other studies have proven Think Through Math significantly improves students understanding of math.

CSA Medical

Series A in 2011
CSA Medical provides cryotherapy systems. It offers CryoSpray Ablation system, which enables the physicians to freeze, destroy, and remove unwanted tissues, as well as transports liquid nitrogen that is passed through a standard endoscope. CSA Medical was formerly known as Crymed Technologies and changed its name to CSA Medical in April 2006. The company was incorporated in 1993 and is based in Lutherville Timonium, Maryland.

Moodlerooms

Venture Round in 2010
Moodlerooms connects institutions to their Learning Management Platform, joule, that evolves around the user. Joule combines functionality and service into an adaptable package that matches institution's needs.

Questar Assessment

Post in 2009
Questar Assessment, Inc. offers solutions for the assessment market, including flexible, customizable services, and complete products for states, school districts, and other clients. Its services include program management, test design and construction, item development, materials production, distribution and collection, online test administration, document processing, performance assessment, rangefinding and benchmarking, scoring, data analysis, research, standard setting, program evaluation, readability analysis, and psychometric services, as well as reporting services, such as paper and Web-based delivery. The company’s products comprise degrees of reading power program, WriteQuest, SSSMART content area reading program, the MAC II test of English language proficiency, core knowledge curriculum-referenced tests, reading power essentials, signposts early literacy assessment program, TextSense summary writing program, and educator’s word frequency guide. In addition, it offers online test administration and reporting services to schools, local education agencies, and states in the K–12 market, as well as provides custom programs, including large-scale assessments, district-wide assessments, English language learner proficiency assessments; and alternate assessments. The company was formerly known as Touchstone Applied Science Associates, Inc. and changed its name to Questar Assessment, Inc. in March 2007. Questar Assessment, Inc. was founded in 1976 and is headquartered in Brewster, New York. As of March 23, 2017, Questar Assessment, Inc. operates as a subsidiary of Educational Testing Service, Inc.

Orchestro

Series C in 2008
Orchestro develops a software-as-a-service-based demand signal management platform. They enable consumer products companies to consolidate point-of-sale, internal, and syndicated data to create dashboards for category analysts, national account managers, and international representatives.

Orchestro

Series C in 2007
Orchestro develops a software-as-a-service-based demand signal management platform. They enable consumer products companies to consolidate point-of-sale, internal, and syndicated data to create dashboards for category analysts, national account managers, and international representatives.

CSA Medical

Venture Round in 2007
CSA Medical provides cryotherapy systems. It offers CryoSpray Ablation system, which enables the physicians to freeze, destroy, and remove unwanted tissues, as well as transports liquid nitrogen that is passed through a standard endoscope. CSA Medical was formerly known as Crymed Technologies and changed its name to CSA Medical in April 2006. The company was incorporated in 1993 and is based in Lutherville Timonium, Maryland.

Orchestro

Series B in 2007
Orchestro develops a software-as-a-service-based demand signal management platform. They enable consumer products companies to consolidate point-of-sale, internal, and syndicated data to create dashboards for category analysts, national account managers, and international representatives.

GEOIQ.COM

Series B in 2007
GeoIQ is a web-based analytics platform with real-time analysis features, helping advertisers track and optimize their media buying campaigns.

ARPU

Series B in 2006
ARPUinc is a privately held Washington DC-based technology company, focused on enabling a superior advertising and ecommerce experience for consumers, advertisers, and publishers alike. By enhancing the ease of registration and purchase for the consumer, ARPU increases the efficacy of the online channel across all three constituencies. For online advertisers and publishers, ARPU augments the effectiveness of online advertising, thereby significantly driving ROI. With a distribution network that reaches more than 20 million unique visitors per month, ARPU's roster of advertiser and publisher partners spans from PC security and utility software providers to education and entertainment services to PC OEMs and ISPs.

Lightningcast

Series D in 2004
Lightningcast is a broadband software company that provides seamless content and ad insertion; stream customization and localization; campaign management and reporting; targeting and auditing; audience measurement and analytics; streaming operations and support; media management; and other enabling technologies. Companies and partners utilizing Lightningcast's platform include AOL, Disney/ABC, NPR, MTV and others.

Advanced Data Exchange

Series D in 2003
Advanced Data Exchange provides electronic data interchange, business integration, and commerce management services. It offers outsourced electronic data interchange services, including document specification and template design, data mapping and translation, trading partner connectivity, secure message delivery and tracking, project management, technical support, and training. The company also provides ADX WebAccess, a Web browser-based order management and invoice presentment solution for suppliers; and ADX Desktop, a personal computer software that offers data archiving and back office system integration capabilities. In addition, it offers business integration services, such as data translation, mapping, validation, back office systems integration, and trading partner connectivity; and trading partner electronic commerce reference guides, trading partner recruitment and connectivity, integration and data normalization, enterprise application integration, supplier support services, and scheduled business progress reviews. Further, Advanced Data Exchange provides commerce management services, which include order and invoice, customer and supplier, business document, and comprehensive business intelligence management services. Additionally, it offers CommerceMail, which provides solutions for the commerce problems. Advanced Data Exchange was formerly known as The EC Company. The company was founded as in 1992 and is headquartered in Fremont, California.
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