NVP Capital is closing its second fund with 80 million dollars.

nvp Capital, a seed-stage venture capital firm based in New York, announced the successful closing of its second fund totaling $80 million with new support from Prudential Financial, Rutgers University Endowment, Ford Foundation, and Liberty Mutual Investments. This fund has been enriched by investments from various corporate partners, including Audible (a company of Amazon) and Horizon Mutual Holdings, Inc.. The total assets managed by the firms have reached $200 million.

Founded by Dan Borok and Vaughn Crowe, nvp Capital supports the transformation of digitization in non-digital sectors by collaborating with global startups in the fields of industrial software and vertical artificial intelligence. Vaughn Crowe stated, “We support extraordinary people building transformative businesses by modernizing old business processes.”

Since its inception, nvp Capital has succeeded in becoming a high-performing venture capital fund by investing in seed-stage startups. Some notable investments in this process include successful ventures such as Pair Team (AI-assisted care for Medicaid/Medicare), Vulcan Elements (rare earth magnets), Class8 (AI logistics for U.S. transportation), Optimal Dynamics (AI load planning), and Vitable Health (on-demand care for frontline workers).

Dan Borok added, “We saw an opportunity to create a new venture model that would help founders enhance innovation and corporate customer relationships, which reflects the vision behind nvp Capital.” With support from Fortune 500 networks, nvp Capital helps founders adapt quickly to market changes and become established companies.

With the launch of its second fund, nvp Capital reinforces its belief that venture capital can coexist with social responsibility. While the first fund supported Boys & Girls Clubs, the second fund will allocate part of its resources to an organization called Braven, which supports promising young professionals. This model allows the success of the company and founders to contribute to the success of a broader ecosystem.