nvp capital has closed its second venture fund at $80 million, bringing the New York-based firm’s total assets under management to $200 million as it expands its global focus on seed-stage enterprise software and vertical AI startups. The new fund includes commitments from institutional investors such as Prudential Financial, Rutgers University Endowment, Ford Foundation, and Liberty Mutual Investments, as well as corporate backers such as Audible and Horizon Mutual Holdings.
Co-founded by Dan Borok and Vaughn Crowe, nvp capital targets founders using AI to modernize operationally complex, under-digitized industry sectors spanning healthcare, industrials, financial services, workforce management, and commerce enablement. The firm positions itself as a hands-on partner focused on helping early-stage companies accelerate customer access, refine go-to-market strategies, and scale quickly within Fortune 500 environments.
Fund I and Fund II reflect a strategy that has already delivered strong performance. Several of the firm’s early seed investments have attracted major follow-on financing or reached successful exits. Portfolio examples include Pair Team, Vulcan Elements, Class8, Optimal Dynamics, and Vitable Health. Spotify’s acquisition of Podsights in 2022 further bolstered the firm’s reputation for backing promising companies early in their formation.
The firm’s founders say their model emphasizes operational knowledge, multi-cycle investing experience, and strategic connectivity to enterprise buyers. nvp capital’s LP base, heavily represented by Fortune 500 institutions, also serves as an insight network for founders navigating industry shifts and customer acquisition. The firm expects Fund II to reinforce its ability to develop category-defining AI companies transforming legacy operations.
In addition to financial performance, nvp capital is emphasizing a commitment to social responsibility. A portion of Fund II’s carried interest will support Braven, an organization that prepares young professionals from underrepresented backgrounds for upwardly mobile careers. Fund I supported the Boys and Girls Clubs, reflecting an ongoing effort to tie long term firm success to broader community impact.
KEY QUOTES
“We back extraordinary people building businesses that will revolutionize legacy operations through AI by modernizing outdated processes. Our model isn’t just capital—we’re dot connectors, providing founders with exclusive access to leading experts in their industries to help them scale faster, sell smarter, and build trust with the right customers.”
Vaughn Crowe, Co-Founder and Managing Partner, nvp capital
“Drawing on my experience at Google and Millennium and Vaughn’s track record building and backing companies at every stage, we saw an opportunity to create a new kind of venture model — one built to help founders bridge the gap between innovation and the enterprise customers that can help them scale. That’s the vision behind nvp capital.”
Dan Borok, Co-Founder and Managing Partner, nvp capital
“nvp capital has the strategic clarity to focus on the opportunity of vertical AI. They recognize that companies are emerging from applying AI to modernize legacy industries, and they’ve built their model, team, and approach around that vision. With Dan and Vaughn’s expertise as operators and investors — and a founder first ethos backed by a vast enterprise network — nvp seeks to bring more than capital to the table. We’re pleased to partner with them in this next chapter as they double down on that focus and aim to solidify an enduring venture brand.”
Nina So, Co-Head of Private Equity, Prudential Financial
