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New Venture Partners

Company

Investment-firm

Financing round

General

About Company
New Venture Partners is a global venture capital firm that specializes in corporate spinouts and early-stage investments.

Industry

Sector :

Subsector :

founded date

01.01.2001

Number of employees

IPO status

Private

Description

The firm focuses on investing in underutilized corporate assets, technology or concepts that are ready for commercial product development, and differentiated products that matter to potential customers. With over $700 million under management, New Venture Partners provides a bridge between technology corporations and traditional venture capital, offering a systematic process for commercializing innovations and becoming the benchmark for corporate spinout venturing. They have completed over 50 spinouts from R&D labs and business units of global technology corporations, including Lucent/Bell Labs, British Telecom, Philips Electronics, and Intel.
Contacts
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Date 
name 
Lead 
type 
Raised 
23.03.2016
No
$2.01M
Local Amount - EUR 2.23M
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People

Founders
3
Tom Uhlman
Tom Uhlman

Tom Uhlman

Dr. Thomas M. Uhlman, Managing Partner, was a founder of New Venture Partners. Previously, Tom served as President of Lucent Technologies' New Ventures Group from 1997-2001. Between 1997 and the present, Tom and his colleagues have created over 60 new technology businesses. Between 1995 and 1997, Tom held senior executive positions at Lucent Technologies and AT&T. At Lucent, he was Senior Vice President, Corporate Strategy, Business Development and Public Affairs responsible for strategy, mergers and acquisitions, planning and government affairs activities. Tom was Vice President of Corporate Development in charge of merger, acquisition and divestiture activity at AT&T. From 1985 to 1995, Tom was Director of Corporate Development at Hewlett-Packard, leading worldwide equity investment, strategic alliance, and strategic planning efforts. Tom has also worked in both the government and academic arenas. In 1983 and 1984, he managed the President's Commission on Industrial Competitiveness on behalf of the Chief Executive of Hewlett-Packard, who chaired this White House Commission. In 1981 and 1982, he was Director of Productivity Improvement at the U.S. Department of Education. Previously, he was an Assistant and then an Associate Professor of Political Science at the University of Missouri-St. Louis. At the university, Tom was the author of a book, a dozen journal articles, and received an award for the best U.S. doctoral dissertation in the field of law. Tom currently sits on the boards of portfolio companies iBiquity Digital, Lumeta and TimeSight Systems. From 1998 until it was acquired in 2007, Tom served on the board of McData Corporation (NASDAQ) and chaired its compensation committee for 7 years. Previously, he served on the boards of over a dozen other portfolio companies. In 2000, he co-chaired the New Jersey Governor's High Technology Task Force with the President of Princeton University. In 2002, he was the recipient of the New Jersey Technology Council's "Financier of the Year" award. Tom holds a Masters degree from Stanford University's School of Business. He also holds a PhD in Political Science from the University of North Carolina-Chapel Hill where he currently serves on the College of Arts and Sciences' Foundation Board of Directors. He received his BA in Political Science from the University of Rochester. New Venture Partners, the global venture capital firm dedicated to corporate technology spin-outs, has over $700 million under management. New Venture Partners provides a bridge between technology corporations and traditional venture capital. Starting in 1997 as Lucent Technologies New Ventures Group and operating as an independent firm since 2001, the New Venture Partners team has launched dozens of companies built upon innovations from Bell Labs, British Telecom, Philips, and other major technology companies.

current job

New Venture Partners
New Venture Partners

Tom Uhlman

Stephen Socolof
Stephen Socolof

Stephen Socolof

Stephen J. Socolof is the Board Director of EverSpin Technologies Inc. He is also a Managing Partner of New Venture Partners. He is a Founder & Member of the investment committee of New Venture Partners since 2001. Steve has spent his career focusing on corporate innovation. At New Venture Partners, Steve works with leading global technology corporations to help them spin out, commercialize, and scale up new business opportunities in semiconductors, software, storage, and wireless. Previously, Steve joined Lucent Technologies in 1996 to establish Lucent's New Ventures Group responsible for incubating and launching new ventures to commercialize technology from Bell Labs. Lucent's New Ventures Group became the benchmark corporate venture organization for commercializing internally-developed technology. Before joining Lucent, Steve spent eight years with Booz, Allen & Hamilton Inc., where he was a leader of the firm's innovation consulting practice. Steve is currently a Director of EverSpin Technologies, GainSpan Corporation, Own Products. He is an Observer of Alverix. He was a Director of SyChip, Inc. before its acquisition by Murata and an investor. He was an Observer of Flarion Technologies, Inc. until its acquisition by Qualcomm, Silicon Hive until its acquisition by Intel. In addition, he was the early lead on and helped launch iBiquity Digital Corporation, Internet Photonics, Inc., and Lucent Digital Video. Steve has been named chair of the National Venture Capital Association's (NVCA) Corporate Venture Group (CVG) Advisory Board. The CVG comprises that part of the NVCA membership made up of corporate venture arms. The CVG Advisory Board is responsible for developing programs to build better communication and practical cooperation between CVGs, venture capitalists, startup companies, and entrepreneurs. The Advisory Board leverages and extends the resources of the NVCA to create best-in-class educational and networking opportunities for corporate venture programs of all charters, sizes, business types, industries, and stages of development. Steve’s one-year term commenced with the NVCA Annual Meeting on April 24, 2012. Steve holds a BA in Economics and a BS in Mathematical Sciences from Stanford University and received his MBA from the Amos Tuck School at Dartmouth College, where he was a Tuck Scholar. He currently serves on the board of the Center for the Study of Private Equity at the Tuck School. New Venture Partners, the global venture capital firm dedicated to corporate technology spin-outs, has over $700 million under management. Starting in 1997 as Lucent's New Ventures Group and operating as an independent firm since 2001, the New Venture Partners team has launched over 50 companies built upon innovations from Lucent/Bell Labs, British Telecom, Philips, Boeing, Freescale, GE, IBM, Intel, and other major technology companies. Current Investments: Alverix CrossFiber EverSpin GainSpan Own Products Prior Investments: DAFCA Flarion GlobalCast Communications Internet Photonics ISPsoft Lucent Digital Video Maps On Us Procelerate Technologies SavaJe Technologies Silicon Hive SyChip

current job

Tech Council Ventures
Tech Council Ventures

Stephen Socolof

Andrew R. Garman
Andrew R. Garman

Andrew R. Garman

Andrew R. Garman, Managing Partner, was a founder of New Venture Partners. Today, he attends to the needs of the firm’s limited partners and investors, developing partnerships with major technology corporations, collaborating with the team on creating and investing in new ventures, and overseeing strategy and operations with his fellow managing partners. Andy has twenty years of investment and management experience in the formation of new ventures and the commercialization of technology from corporations and institutional labs. He has worked closely with senior R&D management at many of the world's top technology companies, including IBM, Philips, British Telecom, Siemens, Lucent,SRI, and Xerox. Previously he was a Vice President at Lucent Technologies, charged with developing ventures from Bell Labs; the Managing Director of BT Ventures at Bankers Trust Company, where he managed a portfolio of internally generated spin-outs in information technology; and Vice President of Strategy and Business Development for Xerox’s New Enterprise Group, commercializing the technology of Xerox, including that of the Palo Alto Research Center (PARC). Andy has served on the boards of companies in the U.S. such as Vallent Corp. (acquired by IBM), Celiant Corporation (acquired by Andrew Corporation), Lucent Public Safety Systems (acquired by Intrado), Placeware (acquired by Microsoft), InXight Software, Inc. (acquired by Business Objects), SiPort, ColoRep Inc., Amati Communications Corp. (acquired by Texas Instruments), dpiX Inc., AcuPrint Inc., Document Forum (acquired by TheLaw.com), Chrystal Software (now Astoria) and iBiquity Digital Corporation (as an observer); in the U.K. including Azure Solutions Ltd. (acquired by Subex), Psytechnics Ltd., and Vidus Ltd. (acquired by @Road); and in India: Subex Limited (SUBEX.NS). He began his career doing research and development in alternative energy systems, combustion and air pollution, authoring or co-authoring 23 technical publications. Andy holds an AB in Engineering and Applied Physics from Harvard College, an MS in Mechanical Engineering from Stanford University, and an MBA from Stanford University, where he was named an Arjay Miller Scholar. He is a past president of the Stanford Business School Alumni Association and member of the Board of Advisors and a member of the Dean's Advisory Council of the Harvard School of Engineering and Applied Sciences. New Venture Partners, the global venture capital firm dedicated to corporate technology spin-outs, has over $700 million under management. New Venture Partners provides a bridge between technology corporations and traditional venture capital. Starting in 1997 as Lucent Technologies New Ventures Group and operating as an independent firm since 2001, the New V enture Partners team has launched dozens of companies built upon innovati ons from Bell Labs, British Telecom, Philips, and other major technology companies.

current job

New Venture Partners
New Venture Partners

Andrew R. Garman

Employee Profiles
15
Jane Dela Cruz

Jane Dela Cruz

Office Manager & Executive Assistant

Frank Rimalovski

Frank Rimalovski

Founding Partner

Ketan Patel

Ketan Patel

Principal

Chris Winter

Chris Winter

Partner

Harry Berry

Harry Berry

Partner

Stephen Socolof

Stephen Socolof

Managing Partner

Tom Uhlman

Tom Uhlman

Managing Partner

Andrew R. Garman

Andrew R. Garman

Managing Partner

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