Mark Grovic

/Mark Grovic

Mark Grovic on Higher Ed Now Podcast with, “Getting Philanthropic Returns”

2018-08-30T17:14:38+00:00Mark Grovic, News & Updates|

New Markets' General Partner Mark Grovic was recently featured on this popular podcast with the American Council of Trustees and Alumni, a national nonprofit organization for higher education. Hosted by Christine Ravold, they discuss issues in higher education and how investors are helping to improve the system. While traditional philanthropists donate sums to aid a [...]

Credly Raises Seed Financing to Build on Its Leadership in Digital Credentials

2018-08-30T17:14:41+00:00Credly, Mark Grovic, News & Updates, Portfolio Companies|

Credly today announced the closing of a $2.5 million seed financing round led by University Ventures and New Markets Venture Partners with participation from Lumina Foundation Venture Fund, the London-based City & Guilds Group and Lion Brothers Company. The investment is part of the first round of investments of City & Guilds Group's New Venture [...]

Understanding EdTech Valuations

2018-08-30T17:14:41+00:00Mark Grovic, News & Updates|

As the graphic below shows, the number of companies in the Unicorn Club is exploding and this is making us extremely cautious. Udacity joined the Club as the latest EdTech addition in November. Udacity has now raised $169M, most recently at a $1B valuation, on an estimated $24M in revenue. Earlier this year, LinkedIn created [...]

Political Climates Can Impact Education Spending

2018-08-30T17:14:41+00:00Mark Grovic, News & Updates|

In the past, election outcomes—including majority party shifts and new referendums—meant a change in value for markets, industries, and businesses. Education spending is also affected by election results, and we pay close attention to the platforms and policies that could bring changes to the education markets. If the results of the upcoming elections follow the [...]

Staying Focused on Disruptive Companies with Proven Business Models for Education Technology

2015-11-02T10:10:44+00:00Mark Grovic, News & Updates|

Education technology investing continues to evolve as an earlier wave of products that had been developed to address key opportunities to disrupt the industry, such as data driven adaptive and individualized curriculum, blended delivery models, and competency based learning (especially for the “non-traditional” student) approach maturity. While there remains tremendous future opportunity to invest in [...]