Now in its 10th year together, the New Venture Partners team formed an independent venture capital firm in 2001, evolving from its original role as Lucent Technologies’ New Ventures Group. Established in 1997, the team was widely recognized as the benchmark for internal corporate venture creation.

We’ve expanded our vision and elevated our game in recent years, earning the trust of some of the world’s most prestigious R&D organizations in the fields of information technology and communications, bridging the gap between the corporate R&D world and the mainstream venture capital community.

January 1997. The New Ventures Group was formed as an operating unit of Lucent Technologies. From 1997 to 2001 our team creates and finances 28 companies based on Bell Labs technologies, bringing in as co-investors more than 50 leading venture capital firms, who together with corporate strategic partners provide $350 million of additional equity capital to our portfolio companies.

Spring 2001. The concept of corporate spin-outs and open innovation has firmly taken hold. The New Ventures Partners team is rated #1 globally by Ernst & Young Benchmarking Study for internal corporate venture creation, and becomes the subject of two Harvard Business School case studies.

December 2001. New Ventures Partners LLC is formed and our core team leaves Lucent. Coller Capital, the leading global investor in private equity secondaries, acquires 80 per cent of Lucent's equity stake in the New Ventures Group portfolio - a portfolio which we created and continue to manage.

June 2002. Celiant, Inc., a Bell Labs spinout majority owned by New Venture Partners, is acquired by Andrew Corp. in the largest venture backed exit of the year.

March 2003. New Ventures Partners raises its second fund, and is named an exclusive venture partner for British Telecom, and is charged with creating new, commercial ventures from its R&D, professional and computing services unit, BTExact. Under this agreement, New Ventures Partners has completed six spinouts from BT.

October 2004. New Ventures Partners finalizes an exclusive relationship with Phillips Electronics, further solidifying our position at the forefront of corporate spin-out venturing. The firm counts some of the world’s most prestigious R&D organizations in the fields of information technology and communications as its partners.

March 2005. The European Wall Street Journal describes the New Ventures Partners spin-out model as ‘unique’ and a ‘blueprint’ for corporate technology venturing. First incubation project begins at Philips.

February 2006. Flarion, a Bell Labs spinout, with New Venture Partners remaining one of its largest shareholders, is acquired by Qualcomm, in the largest venture backed exit of the year to date.

March 2006. New Venture Partners closes NV Partners IV, a $260 million fund focused on global corporate spinouts. We now have capital under management of over $650M.