# David Warnock

> David Warnock is a private equity investor at Camden Partners backing Education and Payments. See 8 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Camden Partners](https://shizune.co/investors/profile/camden-partners)
- Location: Baltimore, United States
- Total investments: 8
- Last investment: Feb 2014
- Lead investor: 75%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/david-warnock-23baa610
- X (Twitter): https://twitter.com/davidwarnock
- Facebook: https://www.facebook.com/DavidWarnockforBaltimore/

David Warnock is a private equity investor at Camden Partners in Baltimore focused on Education and Payments. David is a Senior Partner of Camden Partners and co-founded the firm in 1995. He has over 25 years of investment experience and focuses on investments in the business and education sectors. He serves as Chairman of New Horizons Worldwide, Inc. and Calvert Education Services, LLC. In addition, he is a director of Primo Water Corporation, QuestarAssessment, Inc., Ranir, LLC, Santa Rosa Consulting, Triumph Higher Education Group and Network for Good. He formerly served on the board of American Public Education, Inc., Nobel Learning Communities, Inc. Towne Park, Ltd., and National American University, all of which were Camden Partners portfolio companies.David was employed by T. Rowe Price Associates from 1983-1995. He served as President of T. Rowe Price Strategic Partners I & II as well as co-manager of the T. Rowe Price New Horizons Fund. David started his career at Welch and Forbes, Boston-based private trustees.David is also involved with numerous non-profit organizations. He is the Chairman of the Center For Urban Families and the Warnock Foundation, and was formerly the Chairman of the Greater Baltimore Committee. He is Founder and Trustee of the Green Street Academy in Baltimore City. He also serves as a trustee of the Baltimore Museum of Art and the Georgia O’Keeffe Museum.David earned a B.A. degree from the University of Delaware and a M.S. (in Finance) from the University of Wisconsin. David is also a Chartered Financial Analyst Charterholder.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Education | 4 | 50% |
| Payments | 2 | 25% |
| Non Profit | 2 | 25% |
| Health Care | 2 | 25% |
| Hospitality | 2 | 25% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 5 | 63% |
| Seed | 1 | 13% |
| Angel | 1 | 13% |
| Series A | 1 | 13% |
| Funding Round | 1 | 13% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Citelighter | Citelighter is a virtual highlighter that automates the research and paper writing process. It allows the user to find and capture unique facts online, automatically generate citations, and write better quality papers in less time. Citelighter offers functionality to assist in creating project outlines, aggregating personalized content, as wellas automates the reference or bibliography process. Additionally, captured facts are indexed and offered to users via Citelighter's fact-recommendation system. | $1.5M | Seed | Feb 05, 2014 |  |
| Triumph Higher Education Group | Triumph Higher Education Group is an education technology organization revolutionizing the culinary and hospitality industries. |  | Private Equity | Jan 22, 2014 |  |
| Network for Good | Network for Good is a B-corp that provides small to medium-sized nonprofits with free training and the best cloud-based fundraising software available.The company offers internet and mobile-based technology that allows donors to make donations to various charities and non-profit organizations and also works with corporate partners to implementeffective cause initiatives with its proven online giving platform.he company was founded in 2001 as a nonprofit and transformed to a nonprofit/for-profit hybrid in 2013. It is headquartered in Washington, DC. | $10M |  | Jan 01, 2014 |  |
| Calvert Learning | For 112 years, we’ve been a mission-based organization focused on nontraditional learning settings and experiences. We believe that all students deserve a high-quality education, no matter where or when they learn. Calvert provides schools with:A trusted curriculum and framework with active, project-based learning at the core: 1) Services andsupport that ensure your success and 2) A flexible, modular approach tailored to the unique needs of your school/district.Formerly known as Calvert Education, our curriculum, tools and services are now only available through schools and districts. We take great pride in our long history of supporting homeschool families, and our program is available for homeschool students enrolled with one of our school partners. |  | Series A | Apr 15, 2013 |  |
| GiveCorps | GiveCorps' mission is to nurture an online community where people find their passion to GIVE , local non-profits find their CORPS supporters, and local merchants reward donors for giving. Highlighting compelling local projects, GiveCorps seeks to raise more than $5 million a year in each city by inspiring at least 500 local citizens daily togive $25 to improve the quality of life in their City. | $822K | Angel | Apr 10, 2012 |  |
| Princeton Review | The Princeton Review, Inc. provides integrated classroom-based, print and online products and services that address the needs of students, parents, educators and educational institutions. They also provide test preparation courses for post-secondary and graduate admissions tests. | $10M | Private Equity | Mar 15, 2010 |  |
| Towne Park | Towne Park provides boutique hotels and sprawling luxury resorts to downtown healthcare campuses and local medical centers. | $10M | Private Equity | Aug 20, 2007 |  |
| CardSystems | CardSystems is a payment processing company that provides a point of sale systems for restaurants, service professionals, spas, and stores. The company also provides products/services that enable merchant banks, 3rd party processors, independent sales organizations, and small to medium-sized merchants to accept credit cards, debit cards, andcheck payments in a single vendor relationship.CardSystems was founded in 1993 and is based in Cape Coral, Florida. | $23.6M | Private Equity | Apr 01, 2003 |  |

8 of 8 investments shown.

## Co-investors
- [Abell Foundation](https://shizune.co/investors/profile/abell-foundation) — VC Fund, 1 deal together
- [Baltimore Angels](https://shizune.co/investors/profile/baltimore-angels) — VC Fund, 1 deal together
- [Blu Venture Investors](https://shizune.co/investors/profile/blu-venture-investors) — VC Fund, 1 deal together
- [Bonsal Capital](https://shizune.co/investors/profile/bonsal-capital) — VC Fund, 1 deal together
- [HBS Alumni Angels](https://shizune.co/investors/profile/hbs-alumni-angels) — VC Fund, 1 deal together
- [New Markets Venture Partners](https://shizune.co/investors/profile/new-markets-venture-partners) — VC Fund, 1 deal together

## About Camden Partners

VC Fund · Baltimore, United States

Camden Partners provides growth capital to lower-middle market companies in the education, healthcare and technology-enabled business services sectors.In areas where there is little common knowledge, they make it their business to know intimately the companies and the money managers in which they invest. While many other investment managementfirms seek to excel as stock-pickers, they pursue opportunities where their experience and influence will make a positive difference to both their investors and the companies in which they invest.

5 contacts available at Camden Partners.

| Name | Title | Profile |
| --- | --- | --- |
| David Warnock | Founder and Partner | https://shizune.co/investors/profile/david-warnock |
| Erin C. Staley | Executive Assistant | https://shizune.co/investors/profile/erin-c-staley |
| Richard M. Berkeley | Venture Partner | https://shizune.co/investors/profile/richard-m-berkeley |
| Donald W. Hughes | Managing Member and CFO | https://shizune.co/investors/profile/donald-w-hughes |
| George Petrocheilos | Partner | https://shizune.co/investors/profile/george-petrocheilos |

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## FAQ

### What does David Warnock invest in?

David Warnock invests primarily in Education, Payments and Non Profit startups, most often at Private Equity and Seed stage. Most of the 8 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did David Warnock last invest?

The most recent investment recorded for David Warnock closed in Feb 2014. Shizune tracks 8 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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