Northern Light Venture Capital Explained
Northern Light Venture Capital (NLVC) 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 $4.2 billion.[9] New Enterprise Associates and Min Zhu (co-founder of WebEx) were initial backers of the firm when it was raising its first fund. Greylock Partners is another early backer of the firm.
NLVC invests 70% of its funds into Series A rounds, 20% in Series B rounds and 10% into Seed rounds. Notable investments include Aerohive Networks, Meituan and VIPKid.
NLVC has offices in Silicon Valley, Hong Kong and several cities in China including, Beijing, Shanghai.
Funds
| Fund[10] | Vintage Year | Committed Capital ($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 | |
Notes and References
- Web site: Form ADV . SEC . 2 January 2023 . 2 January 2023 . https://web.archive.org/web/20230102031157/https://reports.adviserinfo.sec.gov/reports/ADV/161103/PDF/161103.pdf . live .
- Web site: Cheung . Sonja . Healthy Dose of Capital: Northern Light to Up Health-Care Investments . 2 January 2023 . WSJ . en-US . 2 January 2023 . https://web.archive.org/web/20230102041643/https://www.wsj.com/articles/DJFVW00020120823e88nayylk . live .
- Web site: 29 November 2021 . Is China the New Silicon Valley? Buyouts . 2 January 2023 . https://web.archive.org/web/20211129030126/https://www.buyoutsinsider.com/is-china-the-new-silicon-valley/ . 29 November 2021 .
- Web site: 13 March 2022 . Northern Light's Jeffrey Lee seeks $200m for new Korean venture fund . 2 January 2023 . https://web.archive.org/web/20220313062307/https://www.dealstreetasia.com/stories/jeffrey-lee-han-river-fund-283805/ . 13 March 2022 .
- Web site: Temkin . Marina . 4 March 2019 . Northern Light Venture Capital raises nearly $450 mln for fifth fund . 2 January 2023 . Venture Capital Journal . en-US . 2 January 2023 . https://web.archive.org/web/20230102025059/https://www.venturecapitaljournal.com/northern-light-venture-capital-raises-nearly-450-mln-for-fifth-fund/ . live .
- Web site: China-focused Northern Light Looks to Raise $375m for New VC Fund - Caixin Global . 2 January 2023 . www.caixinglobal.com . en . 2 January 2023 . https://web.archive.org/web/20230102034825/https://www.caixinglobal.com/2020-09-21/china-focused-northern-light-looks-to-raise-375m-for-new-vc-fund-101607652.html . live .
- Web site: Basich . Zoran . Riding China 'Mega-Trends,' Northern Light VC Closes $400M Fund . 2 January 2023 . WSJ . en-US . 2 January 2023 . https://web.archive.org/web/20230102041512/https://www.wsj.com/articles/BL-VCDB-11530 . live .
- Web site: 15 February 2008 . Firms use old strategyfor China entry . 2 January 2023 . Pensions & Investments . en . 2 January 2023 . https://web.archive.org/web/20230102041513/https://www.pionline.com/article/20080218/PRINT/844507768/firms-use-old-strategyfor-china-entry . live .
- Web site: Duffy . Jim . 9 February 2004 . Juniper acquires NetScreen . 2 January 2023 . Network World . en . 2 January 2023 . https://web.archive.org/web/20230102033005/https://www.networkworld.com/article/2330378/juniper-acquires-netscreen.html . live .
- Web site: Northern Light Venture Capital Palico . 2 January 2023 . www.palico.com . 16 March 2024 . https://web.archive.org/web/20240316030629/https://www.palico.com/ . live .
