Novak Biddle Venture Partners

Novak Biddle Venture Partners was a private equity and venture capital firm based in Bethesda, Maryland, established in 1997. The firm specialized in providing equity financing and management support to young companies, primarily in the information technology sector. It focused on seed, startup, and early-stage investments while also considering later-stage companies and spinouts. The firm targeted industries such as education, security, big data analytics, and business-to-business-to-consumer ventures. Typically, Novak Biddle made equity investments ranging from $100,000 to $10 million and was known for its collaborative approach, often syndicating larger investment rounds with limited partners and other firms. The firm aimed for exits within five to seven years. However, Novak Biddle Venture Partners ceased operations on March 29, 2019.

Jack Biddle

Co-Founder and General Partner

Joy E. Binford

CFO

Andrea S. Kaufman

General Partner

Past deals in Maryland

WealthEngine

Debt Financing in 2019
WealthEngine, Inc. specializes in predictive marketing analytics and wealth intelligence services aimed at assisting fundraisers, marketers, and developers in strategy formulation. The company offers WealthEngine 9, a platform that facilitates predictive prospecting, alongside modeling, consulting, and training services. WealthEngine serves a diverse range of industries, including financial services, healthcare, higher education, nonprofit organizations, retail, and travel, primarily in the United States and the United Kingdom. Founded in 1991 and headquartered in Bethesda, Maryland, WealthEngine has established itself as a leading provider of wealth research services, helping clients identify prospects and leverage wealth indicators for effective fundraising and marketing strategies. The company operates as a subsidiary of Euromoney Institutional Investor PLC.

WealthEngine

Series A in 2010
WealthEngine, Inc. specializes in predictive marketing analytics and wealth intelligence services aimed at assisting fundraisers, marketers, and developers in strategy formulation. The company offers WealthEngine 9, a platform that facilitates predictive prospecting, alongside modeling, consulting, and training services. WealthEngine serves a diverse range of industries, including financial services, healthcare, higher education, nonprofit organizations, retail, and travel, primarily in the United States and the United Kingdom. Founded in 1991 and headquartered in Bethesda, Maryland, WealthEngine has established itself as a leading provider of wealth research services, helping clients identify prospects and leverage wealth indicators for effective fundraising and marketing strategies. The company operates as a subsidiary of Euromoney Institutional Investor PLC.

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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