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Venture Capital

Novak Biddle Venture

Novak Biddle Venture backs early-stage and high-growth companies, typically pre-profit, from Bethesda, Maryland. It states a focus on software & internet, media & communications, education and financial services.

Disclosed holdings26
Earliest stated investment
HeadquartersBethesda, Maryland
Largest single fundNot stated

Portfolio

Disclosed holdings

Companies Novak Biddle Venture lists on its own website. No investment years are published. 2 have a recorded transaction against them in the deal archive.

CompanyInvestedYears heldRecorded transaction
AddThis
Adwerx
Appian Corporation
Blackboard$32m 2020
Centice
Communications
Consumer/Internet
DigitalBridge
Infoblox
Logo: 2U, Inc.
Logo: Blackboard, Inc.
Logo: Capital Education Group, Inc.
Logo: Educational Initiatives
Logo: Fidelis Education
Logo: Intelliworks
Logo: Parchment
Logo: Spectrum K12 School Solutions
Logo: UniversityNow - New Charter University
Luna Technologies
Panasas
Paratek
Security
Software/Other
SolidFire$870m 2015
new.edu
starfishsolutions.comLogo: Starfish Retention Solutions

Compiled from Novak Biddle Venture’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.