# New Markets Venture Partners

New Markets Venture Partners is a Venture Capital based in Fulton, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Fulton, United States
- **Region:** North America
- **Address:** 8161 Maple Lawn Blvd, Suite 350, Fulton, MD 20759, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** newmarketsvp.com
- **LinkedIn:** https://www.linkedin.com/company/new-markets-venture-partners

## Regulatory record

- **CRD number:** 163508
- **SEC file number:** 802-75073
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/163508

## About

New Markets Venture Partners is an edtech venture capital firm that invests in workforce and education technology companies. It seeks growth-stage impact investments at Series A and beyond with demonstrated product/market fit and proven solutions that close gaps in education and labor markets. The firm focuses on mission-driven companies that improve pathways from education to employment.

## Sectors

- EdTech
- Workforce Development

## People

- Mark Grovic — Co-Founder and General Partner

## Questions

### How does New Markets source deals in the edtech sector?

The firm sources through three decades of relationships across the education and workforce sectors, an Advisory Board of over 30 operators, and a network of strategic partners including foundations, nonprofits, and governmental entities. The team also encourages founders to build relationships well ahead of a formal fundraise.

### Does New Markets consider itself an impact investor or a traditional venture firm?

New Markets operates as a dual-bottom-line investor that requires portfolio companies to demonstrate measurable social impact alongside a path to market-rate returns. It describes itself as a venture capital firm, not a pure impact vehicle, and measures outcomes such as economic mobility for low-income, minority, and underserved populations.

### Which sectors does New Markets explicitly avoid?

The firm's investment mandate is explicitly limited to education and workforce technology. It does not invest in general enterprise SaaS, biotech, consumer marketplaces, or other sectors outside its specialist mission focused on bridging the gap from education to employment.

### Who runs investment decisions at New Markets Venture Partners?

Mark Grovic, co-founder and general partner, leads the investment team and is the most publicly active representative of the firm. The other co-founding partner is also cited as holding 30 years of investment experience, though the firm's public materials do not name that individual prominently.

## Related profiles

- [NewMark Capital](https://altss.com/profile/newmark-capital)
- [New Mexico Community Capital](https://altss.com/profile/new-mexico-community-capital)

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Last updated: 2026-08-11T15:07:34.613Z

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