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 with investments from various corporate partners, including Audible (a company of Amazon) and Horizon Mutual Holdings, Inc.. The total asset size managed by the firms has reached $200 million.

nvp Capital, founded by Dan Borok and Vaughn Crowe, supports transformation in digitized sectors by collaborating with global startups in the industrial software and vertical artificial intelligence fields. Vaughn Crowe stated, “We support extraordinary people building revolutionary companies by modernizing outdated business processes.”

Since its inception, nvp Capital has managed to become a high-performing venture capital fund by investing in seed-stage startups. Some key investments during this process include successful ventures such as Pair Team (AI-supported 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 strengthen innovation and corporate customer relationships, which reflects the vision behind nvp Capital.” With support from Fortune 500 networks, nvp Capital helps founders quickly adapt 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 the Boys & Girls Clubs, the second fund will allocate a portion to Braven, an organization that supports promising young professionals. This model ensures that the success of the company and founders contributes to the success of a broader ecosystem.