Media Inquiries: For all MAVA media inquiries, please contact us at 703-506-9300 or email mava@mava.org.
 

 

Check back regularly for news, coverage, and announcements about MAVA.

  

Bethesda-Based Novak Biddle Increases Investment in UniversityNow

09/26/2013
Novak Biddle Venture Partners, the Bethesda-based venture capital firm, said on Tuesday it has increased its investment in UniversityNow, a San Francisco-based operator of two online universities, as part of the company's new $19 million third round. Bertelsmann and First Analysis co-led the round, which also included previous backers University Ventures, Kapor Capital and Bronze Investments. Founded in 2010, UniversityNow operates Patten University and New Charter University, online universities targeting working adults. Novak Biddle now has invested in all three of the company's rounds, and general partner Roger Novak sits on its board of directors. 

Learn More