Novak Biddle Closes Fifth Fund, Promotes Four
Monday, October 30, 2006 7:00:00 AM PDT | VentureDeal Staff
BETHESDA, MD --
Novak Biddle Venture Partners announced the closing of its fifth fund in the amount of $227 million. The company will continue its focus on working with early-stage government lab and university spin-outs.
The firm also announced the promotion of four individuals to partner: Philip Bronner, Andrea Kaufman, Tom Scholl and Joy Binford.
Novak Biddle is among the most active Washington, DC-based venture firms. It will focus its investments on the education, homeland security and software sectors.
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