New Venture Partners

The firm works directly with large corporate R&D departments to identify technologies with commercial viability that are not aligned with the parent company's core roadmap. It licenses or acquires the IP, then forms independent companies and recruits executive teams. This partnership model is fundamentally different from traditional venture deal flow, which typically arrives via founder pitches or syndicate referrals.

Managing Partners Andrew Garman and Thomas Uhlman lead the firm. Both were part of the original Lucent venture group that became independent in 2001. Investment decisions are made internally, though the firm has not publicly detailed its current investment committee composition.

Historically, the firm has partnered with large technology and communications laboratories — including those within AT&T, Bell Labs (via Lucent), British Telecom, and Philips. The current partner list has not been disclosed publicly, and the firm's low-profile posture means that active corporate relationships are not visible from outside.

New Venture Partners operates at seed and early stages, often at the point of company formation. Because the underlying technology comes from an established corporate lab, the technical underpinnings may be more mature than a typical university spinout, but the commercial entity itself starts at inception.

The firm historically made direct equity investments into its formed companies. There is no public evidence of a fund-of-funds program, nor does the firm appear to commit capital to external venture funds. Its model centers on control or significant minority positions in ventures it helps create from corporate IP.