Northern Light Venture Capital
China-based venture capital firm
- Feng Deng
- Jeffrey Lee
- Yan Ke
[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
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 $4.2 billion.[3][5][7][8][9] New Enterprise Associates and Min Zhu (co-founder of WebEx) were initial backers of the firm when it was raising its first fund.[3][7][8] Greylock Partners is another early backer of the firm.[7][8]
NLVC invests 70% of its funds into Series A rounds, 20% in Series B rounds and 10% into Seed rounds.[5][6] Notable investments include Aerohive Networks,[5][6] Meituan[5][6] and VIPKid.[6]
NLVC has offices in Silicon Valley, Hong Kong and several cities in China including, Beijing, Shanghai.[5]
Funds
| Fund[5][6][7][8][10] | Vintage Year | Committed Capital ($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
- ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on 2 January 2023. Retrieved 2 January 2023.
- ^ 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.
- ^ 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.
- ^ "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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ Duffy, Jim (9 February 2004). "Juniper acquires NetScreen". Network World. Archived from the original on 2 January 2023. Retrieved 2 January 2023.
- ^ "Northern Light Venture Capital | Palico". www.palico.com. Archived from the original on 16 March 2024. Retrieved 2 January 2023.
External links
- Official website
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