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Northern Light Venture Capital

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Northern Light Venture Capital Development Limited
Native name
北极光创投
Company typePrivate
IndustryVenture Capital
Founded2005; 19 years ago (2005)
Founders
  • Feng Deng
  • Jeffrey Lee
  • Yan Ke
Headquarters2855 Sand Hill Road, Menlo Park, California, U.S.
ProductsInvestments
AUMUS$4.5 billion (2020)
Websitenlvc.com
Footnotes / references
[1]

Northern Light Venture Capital (NLVC) (Chinese: 北极光创投; pinyin: Běijíguāng Chuàngtóu) is a Chinese venture capital firm founded in 2005. It focuses on investing in companies in the technology and healthcare sectors.[2]

Background

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NLVC was founded in 2005 by Feng Deng, Jeffrey Lee and Yan Ke.[3][4][5][6][7][8] Feng Deng and Yan Ke were previously co-founders of NetScreen Technologies, an IT Security company that went public on Nasdaq in 2001 and was later acquired by Juniper Networks in 2004 for $4.2 billion.[3][5][7][8][9] New Enterprise Associates and Min Zhu (co-founder of WebEx) were initial backers of the firm when it was raising its first fund.[3][7][8] Greylock Partners is another early backer of the firm.[7][8]

NLVC invests 70% of its funds into Series A rounds, 20% in Series B rounds and 10% into Seed rounds.[5][6] Notable investments include Aerohive Networks,[5][6] Meituan[5][6] and VIPKid.[6]

NLVC has offices in Silicon Valley, Hong Kong and several cities in China including, Beijing, Shanghai.[5]

Funds

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Fund[5][6][7][8][10] Vintage Year Committed Capital ($m)
Northern Light Venture Fund I 2005 USD 120
Northern Light Venture Fund II 2007 USD 350
Northern Light Venture Fund III 2011 USD 400
Northern Light Venture Fund IV 2015 USD 400
Northern Light Venture Fund V 2019 USD 450
Northern Light Venture Fund VI 2020 USD 375

References

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  1. ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on 2 January 2023. Retrieved 2 January 2023.
  2. ^ Cheung, Sonja. "Healthy Dose of Capital: Northern Light to Up Health-Care Investments". WSJ. Archived from the original on 2 January 2023. Retrieved 2 January 2023.
  3. ^ a b c "Is China the New Silicon Valley? | Buyouts". 29 November 2021. Archived from the original on 29 November 2021. Retrieved 2 January 2023.
  4. ^ "Northern Light's Jeffrey Lee seeks $200m for new Korean venture fund". 13 March 2022. Archived from the original on 13 March 2022. Retrieved 2 January 2023.
  5. ^ a b c d e f g Temkin, Marina (4 March 2019). "Northern Light Venture Capital raises nearly $450 mln for fifth fund". Venture Capital Journal. Archived from the original on 2 January 2023. Retrieved 2 January 2023.
  6. ^ a b c d e f "China-focused Northern Light Looks to Raise $375m for New VC Fund - Caixin Global". www.caixinglobal.com. Archived from the original on 2 January 2023. Retrieved 2 January 2023.
  7. ^ a b c d e Basich, Zoran. "Riding China 'Mega-Trends,' Northern Light VC Closes $400M Fund". WSJ. Archived from the original on 2 January 2023. Retrieved 2 January 2023.
  8. ^ a b c d e "Firms use old strategyfor China entry". Pensions & Investments. 15 February 2008. Archived from the original on 2 January 2023. Retrieved 2 January 2023.
  9. ^ Duffy, Jim (9 February 2004). "Juniper acquires NetScreen". Network World. Archived from the original on 2 January 2023. Retrieved 2 January 2023.
  10. ^ "Northern Light Venture Capital | Palico". www.palico.com. Archived from the original on 16 March 2024. Retrieved 2 January 2023.
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