Newark Venture Partners, an early-stage venture fund, announced Tuesday the startups selected for its spring 2019 NVP Labs accelerator program.
The chosen startups include Augmented Review, EVO, PeduL, Riskcast, Sensor Transport, SIRL, Talentwall, Time Study, and Vectorly. This class of nine Seed and Series A companies is one of the largest classes in the program’s history.
The selected companies were chosen from a pool of over 2,000.
“I’m thrilled about the quality of companies joining the spring class as NVP continues to make amazing progress to spawn the next Audibles in Newark that will create jobs and taxable revenue for the city,” Don Katz, Audible founder and chief executive officer, and the founder of NVP, said in a statement. “These early-stage companies will have access to the incredible domain expertise of Audible employees and our corporate partners, and they’ll discover — as Audible did in moving here in 2007 — that Newark is a frontier for innovation and growth.”
This class raises the number of companies in NVP’s portfolio from 55 to 64. To date, 31 of those companies maintain an operational presence in Newark. As of October, 67 percent of the program’s alumni startups have raised follow on capital.
“With each cohort we are seeing increased interest not only in the NVP Labs program but in the City of Newark – and that shows a much deeper kind of traction, ” Tom Wisniewski, managing partner at Newark Venture Partners, said in a statement.