As 2024 comes to a close, our team at nvp capital celebrates a year of transformative milestones. From expanding our portfolio and welcoming new talent to forging valuable partnerships with co-investors and doubling down on our passion for backing exceptional founders in B2B software – this year has been defined by progress and momentum.
While we’ve experienced substantial growth and opportunity at nvp capital this year, the broader venture landscape has faced challenges. Geopolitical tensions and economic headwinds have dampened both consumer and corporate spending. Growth-stage financing remains constrained, creating challenges for startups and early-stage venture firms alike. High-profile events, like the governance struggles at OpenAI and market disruptions from past venture-backed company failures, highlight the unpredictability of today’s market. Yet amidst these challenges, we are witnessing a technological revolution reshaping the world—AI. At nvp we are leaning into vertical AI opportunities, where the “winners take most” dynamic creates a rare and transformative chance to back category-defining companies.
While the investment landscape continues to shift, our focus on pioneering B2B software businesses has not wavered. Even as early-stage funding decreased significantly from last year, we continue to see a wealth of extraordinary founders. This supply/demand imbalance and improved valuations continue to present a unique investing climate for nvp. Our commitment to seed-stage investing, combined with our expansive network of forward-thinking corporations and visionary leaders as LPs, sets us up for continued success.This year, nvp made some exciting changes to our team, including welcoming Skylar Dorosin, who quickly proved herself a dynamic addition. In June, we celebrated our inaugural Annual General Meeting (AGM), which marked a significant milestone for nvp, as it brought together a dynamic mix of co-investors, founders, LPs, and stakeholders. Our keynote speaker, Frank Bisignano, Chairman, President, and CEO of Fiserv, Inc. (who was recently nominated to be the next commissioner of the Social Security Administration), shared his secrets to success, his love for founders, and his belief that “healthcare and payments never die.”
The milestone of our first AGM truly set the stage for what turned out to be nvp’s busiest investment year to date. This year, we made a total of 11 new core investments, including:
While we are excited about these new investments, we are equally proud of the milestones achieved by our existing portfolio companies this year. These companies continue to demonstrate the strength and potential of our investment strategy, delivering impressive results across various sectors. We are especially proud of their success in raising follow-on venture capital at an increased valuation in a difficult environment. A few notable raises this year include: Handspring raised over $8M in their Series A, Compyl raised $8M in their Series A, MoCaFi raised $12M, Vikar raised a $4M Seed, and Gearflow and Vulcan both raised additional capital. We also must applaud the teams at Class8 and Pair Team for their extraordinary revenue growth over the last year.
Our success is a testament to the unwavering dedication and ingenuity of our team, who went above and beyond to identify exciting opportunities and win deals in a highly competitive environment. We are a collaborative firm typically investing as a lead or co-lead, such that we have built a list of top-tier co-investors including Armory Square, Cherry Rock, Craft Ventures, Fika Ventures, Glasswing, SignalFire, and True Ventures. The caliber of these partners and co-investors demonstrates nvp capital’s trajectory to becoming a nationally recognized top-tier seed stage fund.
As we look ahead to 2025, we will close our current fund in early Q2. We are thrilled that 100% of our institutional investors are re-upping for our current fund, with several new investors and family offices joining us, which is a testament to our team and performance. Per our philosophy to “do well and do good,” we were proud to partner with the Boys and Girls Club in our last fund, and for our current fund we are excited to collaborate with Braven as our community partner, granting them carried interest to further their mission of empowering the next generation of leaders.
2025 promises to be an exceptional year for nvp capital. We remain steadfast in our disciplined approach to seed-stage investing, focused on delivering outsized returns for our investors.
Here’s to building something extraordinary together in 2025 and beyond.
