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New Venture Partners LLC is a venture capital firm that focuses on investing in corporate technology spinouts. The firm provides capital and strategic support for incubation, seed, early, and mid-stage ventures emerging from established corporations. Their approach centers on identifying promising technologies within larger entities and nurturing them into independent, high-growth companies.
The firm was established in 2001 by co-founders Andrew R. Garman and Dr. Thomas M. Uhlman. Garman’s background, including a prior role as Vice President of New Ventures at Lucent, underscores the foundational insight behind the firm’s strategy: leveraging the often-underutilized innovation potential inherent in large corporate research and development efforts. This specific focus allowed them to tap into a distinct market segment.
New Venture Partners targets technology companies poised for independence, offering them the resources needed to transition from internal projects to market-ready enterprises. The firm's vision involves cultivating these spinouts, guiding them through critical growth phases, and ultimately fostering their success as standalone entities within the broader technology landscape.
Key people at New Venture Partners.
New Venture Partners was founded in 2001 by Tom Uhlman (Founder & Managing Partner) and Frank Rimalovski (Co-Founder and Partner) and Stephen Socolof (Co-Founder & Managing Partner) and Andrew R. Garman (Co-Founder & Managing Partner).
Key people at New Venture Partners.
New Venture Partners (NVP) is a global venture capital firm that acts as a bridge between technology corporations and traditional venture capital investors. Its mission centers on commercializing innovations by providing a systematic, hands-on approach that offers an alternative path to market for corporate technologies. NVP primarily invests in seed, early, and mid-stage technology startups, focusing on sectors where corporate innovation can be accelerated through venture capital. The firm has made over 113 investments and has a track record of 30 portfolio exits, demonstrating significant impact on the startup ecosystem by enabling technology transfer from corporations to startups and fostering growth in emerging tech companies[1][2].
Founded in 1997 and based in New Providence, New Jersey, New Venture Partners was established to fill the gap between corporate technology development and venture capital funding. The founding partners aimed to create a unique investment model that leverages corporate relationships to identify and commercialize promising technologies. Over time, NVP has evolved to focus on a global portfolio of technology companies, maintaining a strategic emphasis on early and mid-stage investments that can benefit from its corporate connections and commercialization expertise[1][3].
NVP rides the trend of corporate innovation commercialization, addressing the challenge many corporations face in bringing internal technologies to market efficiently. The timing is favorable as corporations increasingly seek venture partnerships to accelerate innovation cycles and startups look for strategic partners to scale. Market forces such as digital transformation, increased R&D spending, and the rise of deep tech create a fertile environment for NVP’s model. By facilitating technology transfer and providing capital plus corporate access, NVP influences the broader ecosystem by enabling faster innovation adoption and bridging gaps between large enterprises and agile startups[1][3].
Looking ahead, New Venture Partners is well-positioned to capitalize on growing corporate interest in venture partnerships and innovation commercialization. Trends such as AI, advanced materials, and healthcare technology will likely shape their investment focus. Their influence may expand as they deepen corporate ties and enhance operational support for startups, potentially increasing their role as a key enabler of technology-driven growth. NVP’s unique positioning as a bridge between corporations and venture capital suggests continued relevance and impact in the evolving innovation ecosystem[1][3].
New Venture Partners was founded in 2001 by Tom Uhlman (Founder & Managing Partner) and Frank Rimalovski (Co-Founder and Partner) and Stephen Socolof (Co-Founder & Managing Partner) and Andrew R. Garman (Co-Founder & Managing Partner).
New Venture Partners has 13 tracked investments across 8 companies. The latest tracked deal is $2.7M Pre-Series A in HarvestX in March 2024.
