Northern Light Venture Capital
China-based venture capital firm
From Wikipedia, the free encyclopedia
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]
| |
Native name | 北极光创投 |
|---|---|
| Type | Private |
| Industry | Venture Capital |
| Founded | 2005 |
| Founders |
|
| Headquarters | 2855 Sand Hill Road, Menlo Park, California, U.S. |
| Products | Investments |
| AUM | US$4.5 billion (2020) |
| Website | nlvc |
| Footnotes [1] | |
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 $4.2 billion.[3][5][7][8][9] New Enterprise Associates and Min Zhu (co-founder of WebEx) were initial backers of the firm when it was raising its first fund.[3][7][8] Greylock Partners is another early backer of the firm.[7][8]
NLVC invests 70% of its funds into Series A rounds, 20% in Series B rounds and 10% into Seed rounds.[5][6] Notable investments include Aerohive Networks,[5][6] Meituan[5][6] and VIPKid.[6]
NLVC has offices in Silicon Valley, Hong Kong and several cities in China including Beijing and Shanghai.[5]
Funds
| Fund[5][6][7][8][10] | Vintage Year | Committed Capital ($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 |