# New Harbor Capital

> New Harbor Capital is a VC fund backing Tutoring and Information Technology. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Chicago, United States
- Total investments: 8
- Last investment: Oct 2022
- Lead investor: 75%
- Fund size: $250M
- Last fund: May 2017
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/new-harbor-capital-llc
- Website: http://www.newharborcap.com/

New Harbor Capital is a growth-focused private equity firm that understands the value of true collaboration. Tom Formolo and Ed Lhee founded the company on the core premise: that superior ideas are fostered through a culture of mutual respect.

## Contacts

5 contacts available for New Harbor Capital. Shizune tracks 5 team members at New Harbor Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/new-harbor-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Tutoring | 2 | 25% |
| Information Technology | 2 | 25% |
| CRM | 1 | 13% |
| SaaS | 1 | 13% |
| Laser | 1 | 13% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 6 | 75% |
| Seed | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jocelyn Stanley | Partner | 1 | https://shizune.co/investors/profile/jocelyn-stanley |
| Justin Marquardt | Partner | 1 | https://shizune.co/investors/profile/justin-marquardt-1558 |
| Marcy Bliss | Executive Advisor | 0 | https://shizune.co/investors/profile/marcy-a-bliss |
| Robert L. Mlnarik | Vice President | 0 | https://shizune.co/investors/profile/robert-l-mlnarik |
| Thomas Formolo | Founder | 0 | https://shizune.co/investors/profile/thomas-formolo |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Escalon Services | Escalon exists to unburden entrepreneurs. They want to give you back your most important asset: time to focus on growth. Since 2006, they’ve leveraged their team’s extensive hands-on experience to help CEOs handle their business’ operational and tactical needs at all stages. Their proactive approach means they’re more than a service provider:they’ve become a trusted ally. They deliver customized and comprehensive solutions for handling non-core yet essentials functions, like finance & accounting, HR, payroll and benefits. Based in the Silicon Valley, Escalon serves startups and growing companies from over 16 different countries. |  | Private Equity | Oct 25, 2022 |  |
| IndeVets | IndeVets delivers veterinary medicine. |  | Private Equity | Dec 09, 2021 |  |
| Spiro.AI | Spiro is a proactive relationship management platform that creates contacts, organizes, and prioritizes opportunities. It provides managers with intelligent sales reports that help turn their sales team into a sales machine. The company was founded in 2014 and headquartered in Boston, Massachusetts. | $1.5M | Seed | Jul 09, 2018 |  |
| Blueprint Test Preparation | Blueprint is the premier LSAT test preparation provider in the U.S., offering in-person and asynchronous online courses, private tutoring, self-study materials and application consulting services. Blueprint’s live classroom instruction is offered in 25+ locations in eight states around the country. Blueprint leverages a uniqueedutainment-oriented content creation capability and the latest adaptive learning technology to support individualized study plans. |  | Private Equity | Apr 13, 2018 |  |
| Next Step Test Prep | Next Step Test Preparation delivers one-on-one tutoring packages for major graduate entrance exams. Its packages are built around a customized curriculum that targets each individual's study needs related to GMAT, LSAT, GRE, and MCAT exams. |  | Private Equity | Apr 13, 2018 |  |
| LGM Pharma | LGM Pharma is an innovation-driven API company, involved in distribution of quality cGMP pharma ingredients to leading pharmaceutical companies. LGM specializes in providing integrated sourcing options, complete technical capabilities and regulatory documentation support for a wide range of APIs. |  | Private Equity | Nov 21, 2017 |  |
| Spiro.AI | Spiro is a proactive relationship management platform that creates contacts, organizes, and prioritizes opportunities. It provides managers with intelligent sales reports that help turn their sales team into a sales machine. The company was founded in 2014 and headquartered in Boston, Massachusetts. |  | Seed | Sep 28, 2017 |  |
| Medical Aesthetics | MD Esthetics combines clinical expertise, evidence-based treatments, and quality standards to guarantee that patients achieve their anti-aging goals. The aesthetics team uses holistic, tried-and-true best practices to help patients age gracefully. |  | Private Equity |  |  |

8 of 8 investments shown.

## Co-investors
- [Geekdom Fund](https://shizune.co/investors/profile/geekdom-fund-l-p) — VC Fund, 2 deals together
- [Hyperplane](https://shizune.co/investors/profile/hyperplane-venture-capital) — VC Fund, 2 deals together
- [MassVentures](https://shizune.co/investors/profile/massventures) — VC Fund, 2 deals together
- [Bantam Group](https://shizune.co/investors/profile/bantam-group) — VC Fund, 1 deal together
- [Beacon Angels](https://shizune.co/investors/profile/beacon-angels) — VC Fund, 1 deal together
- [NXT Ventures](https://shizune.co/investors/profile/nxt-ventures) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Foresight Group](https://shizune.co/investors/profile/foresight-group) — VC Fund
- [YFM Equity Partners](https://shizune.co/investors/profile/yfm-equity-partners) — VC Fund
- [Fondaction](https://shizune.co/investors/profile/fondaction) — VC Fund

## FAQ

### What does New Harbor Capital invest in?

New Harbor Capital invests primarily in Tutoring, Information Technology and CRM 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.

### How do I contact New Harbor Capital?

Public channels for New Harbor Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at New Harbor Capital?

The team at New Harbor Capital includes Jocelyn Stanley (Partner), Justin Marquardt (Partner) and Marcy Bliss (Executive Advisor). The Team section lists each member with their title, investment count and links.

### 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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