Mark Grovic

/Mark Grovic

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

By | March 30th, 2018|Mark 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 [...]

Reflections on the State of Education

By | February 20th, 2018|Mark Grovic, News & Updates|

New Markets Venture Partners began its laser focus on education nearly ten years ago. Since then, we have made over 20 investments in education companies that serve over 19 million students, including 10 million at-risk. Our companies have recovered thousands of high school drop outs, improved millions of student math scores, provided personalized and adaptive [...]

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

By | March 15th, 2016|Credly, 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 [...]

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From EdSurge: New Markets’ New Education Fund

By | February 4th, 2016|Mark Grovic, News & Updates|

EdSurge Managing Editor, Tony Wan, recently interviewed Mark Grovic: New Markets Venture Partners is making a return trip to familiar grounds. The Fulton, Md.-based venture firm is close to launching a second fund dedicated to education technology startups. Dubbed “New Markets Education Partners II,” the new fund will support 10 to 15 edtech investments, [...]

Understanding EdTech Valuations

By | January 4th, 2016|Mark 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 [...]

Higher Education Reform: The Three Big Questions

By | December 18th, 2015|Mark Grovic, News & Updates|

In today's world, three critical questions should govern higher education decision-making: Does it improve outcomes? Does it increase access? Does it lower costs? Fittingly enough, I’ve also found after 20 years as an investor in high growth education companies that answers to the same three questions will also predict the likelihood of any edu-venture's success. [...]

Political Climates Can Impact Education Spending

By | November 25th, 2015|Mark 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

By | November 2nd, 2015|Mark 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 [...]