Newark Venture Partners
VC · (United States)
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About
Newark Venture Partners (NVP) is an early-stage venture capital firm dedicated to fostering innovation and economic growth in Newark, New Jersey. Founded in 2015 by Audible's founder Don Katz, NVP aims to create the next generation of high-growth startups in the city, generating jobs and opportunities for local residents. The firm invests globally but maintains a strong commitment to its community, with over 50% of its portfolio companies founded by women or people of color. NVP's corporate limited partners include Audible (an Amazon company), Prudential, RWJBarnabas, Bank of America, and Horizon Blue Cross Blue Shield, providing a robust network to support its portfolio companies. The firm focuses on sectors such as audio, healthtech, and supply chain, investing up to $2 million in Seed and Series A companies. NVP also runs a 12-week accelerator program twice a year, supporting 10 companies per cohort, with a particular emphasis on B2B sectors like future of work, human resources technology, health technology, financial technology, marketplaces, and voice. This program offers participants access to resources from Audible, Rutgers Business School, and a network of experienced mentors. NVP's commitment to community engagement is evident through its support of local organizations like the Boys and Girls Club Newark and Braven, which work to empower underrepresented groups and bridge the education-to-employment gap. Through these initiatives, NVP strives to create a more resilient innovation economy for Newark and beyond.
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