Novak Biddle Venture Partners

Novak Biddle Venture Partners, established in 1997 and based in Bethesda, Maryland, is a private equity and venture capital firm focusing on early-stage investments in information technology companies. It specializes in seed, startup, and first round financing, with equity investments ranging from $100,000 to $10 million. The firm targets companies in the Mid-Atlantic region, with a focus on education, security, big data analytics, and business-to-business-to-consumer models. Novak Biddle also considers later-stage investments and spinouts, often syndicating larger rounds through its network. It aims for exits within five to seven years.

Joy E. Binford

CFO

Simita Bose

Partner

Andrea S. Kaufman

General Partner

Past deals in Maryland

WealthEngine

Debt Financing in 2019
WealthEngine, Inc. is a provider of predictive marketing analytics and wealth intelligence services, primarily catering to fundraisers, marketers, and developers in sectors such as financial services, healthcare, higher education, nonprofit, retail, and travel. Founded in 1991 and based in Bethesda, Maryland, the company offers a platform known as WealthEngine 9, which assists clients in audience development and strategic prospecting. WealthEngine specializes in gathering and analyzing wealth indicators to help organizations identify potential prospects, thereby enhancing their fundraising and marketing efforts. In addition to its core platform, the company provides consulting, modeling, and training services. WealthEngine operates as a subsidiary of Euromoney Institutional Investor PLC and is recognized as a leading wealth research services firm in the United States and the United Kingdom.

WealthEngine

Series B in 2014
WealthEngine, Inc. is a provider of predictive marketing analytics and wealth intelligence services, primarily catering to fundraisers, marketers, and developers in sectors such as financial services, healthcare, higher education, nonprofit, retail, and travel. Founded in 1991 and based in Bethesda, Maryland, the company offers a platform known as WealthEngine 9, which assists clients in audience development and strategic prospecting. WealthEngine specializes in gathering and analyzing wealth indicators to help organizations identify potential prospects, thereby enhancing their fundraising and marketing efforts. In addition to its core platform, the company provides consulting, modeling, and training services. WealthEngine operates as a subsidiary of Euromoney Institutional Investor PLC and is recognized as a leading wealth research services firm in the United States and the United Kingdom.

WealthEngine

Series A in 2010
WealthEngine, Inc. is a provider of predictive marketing analytics and wealth intelligence services, primarily catering to fundraisers, marketers, and developers in sectors such as financial services, healthcare, higher education, nonprofit, retail, and travel. Founded in 1991 and based in Bethesda, Maryland, the company offers a platform known as WealthEngine 9, which assists clients in audience development and strategic prospecting. WealthEngine specializes in gathering and analyzing wealth indicators to help organizations identify potential prospects, thereby enhancing their fundraising and marketing efforts. In addition to its core platform, the company provides consulting, modeling, and training services. WealthEngine operates as a subsidiary of Euromoney Institutional Investor PLC and is recognized as a leading wealth research services firm in the United States and the United Kingdom.

Spectrum K12 School Solutions

Venture Round in 2008
Spectrum K12 School Solutions, Inc. specializes in software and services for special education programs within K-12 schools in the United States. Founded in 1996 and based in Towson, Maryland, the company offers Encore, a web-based data management system designed to facilitate the individualized learning process for students receiving special services. This includes support for special education, 504 plans, limited English proficiency (LEP/ESL), and pre-referral response to intervention (RTI) programs. Spectrum K12 School Solutions aims to enhance educational outcomes for students with diverse needs through its tailored software solutions.

Spectrum K12 School Solutions

Venture Round in 2007
Spectrum K12 School Solutions, Inc. specializes in software and services for special education programs within K-12 schools in the United States. Founded in 1996 and based in Towson, Maryland, the company offers Encore, a web-based data management system designed to facilitate the individualized learning process for students receiving special services. This includes support for special education, 504 plans, limited English proficiency (LEP/ESL), and pre-referral response to intervention (RTI) programs. Spectrum K12 School Solutions aims to enhance educational outcomes for students with diverse needs through its tailored software solutions.

Netcordia

Series B in 2006
Netcordia is a provider of network automation software, primarily known for its NetMRI solution, which was first released in 2000. This software focuses on automating network configuration and change management for layer 2 and 3 network devices, emphasizing the monitoring of changes through timeline dashboards. NetMRI assists network engineers in ensuring compliance with internal and industry standards by comparing SNMP and syslog data against a library of best practice standards. This functionality enables users to identify and address potential issues before they lead to downtime or other complications. Netcordia's solutions serve various sectors, including manufacturing, academia, managed service providers, finance, government, and healthcare. The company is headquartered in Annapolis, Maryland, and is backed by investors such as Gold Hill Capital, Novak Biddle Venture Partners, and Trinity Ventures.

Netcordia

Series A in 2005
Netcordia is a provider of network automation software, primarily known for its NetMRI solution, which was first released in 2000. This software focuses on automating network configuration and change management for layer 2 and 3 network devices, emphasizing the monitoring of changes through timeline dashboards. NetMRI assists network engineers in ensuring compliance with internal and industry standards by comparing SNMP and syslog data against a library of best practice standards. This functionality enables users to identify and address potential issues before they lead to downtime or other complications. Netcordia's solutions serve various sectors, including manufacturing, academia, managed service providers, finance, government, and healthcare. The company is headquartered in Annapolis, Maryland, and is backed by investors such as Gold Hill Capital, Novak Biddle Venture Partners, and Trinity Ventures.
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