DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
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Firms / N•• R•••• H••••••••• I•••••••• L••
N•• R•••• H••••••••• I•••••••• L••
New R•••• deploys a hands-on private equity approach when working with our portfolio companies to drive positive outcomes. We combine extensive deal making expertise with deep operating experience, take a significant stake in a small number of companies and actively manage their value creation.
venture manager, reported GAV $145M across 5 vehicles
Importance
33
moderate
Active deployment
30
moderate
Emerging
0
low
Completeness
69
high
Freshness
96
high
Research priority
13
low
Identity and regulatory footprint
- Headquarters
- Philadelphia, PAadviserinfo.sec.gov
- Office address
- TWO LOGAN SQUARE, 100 N. 18TH STREET, SUITE 1930, Philadelphia, PA, 19103-2708adviserinfo.sec.gov
- Business phone
- (201) 674-9387adviserinfo.sec.gov
- Website
- n•••••••.com
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 30, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $316Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $291Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 10
- business phone
- (201) 674-9387adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
22 observed deals
Stated (the firm’s website)
- Sectors
- healthcare, biotech, medtech
- Stages
- not stated or not yet read
- Geography
- boston, europe, france, global, india, israel, philadelphia, washington, dc
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 95%Pharmaceuticals 5%
lead rate n/afollow-on rate n/anew logos, 12 months 22
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| N•• R•••• H••••••••• 2••• •••• S••• | Fund | 2021 name year | Mature | $34.5M May 21, 2024 | 19 | $105M | Sep 20, 2022 |
| N•• R•••• H••••••••• 2••• P••••• | Fund | 2021 name year | Mature | $20.3M May 21, 2024 | 7 | unknown | unknown |
| N•• R•••• H••••••••• 2••• ••• L• | Fund | 2021 name year | Mature | $19.0M May 21, 2024 | 26 | $105M | Sep 20, 2022 |
| N•• R•••• H••••••••• 1• ••••••••• S••• | Feeder or parallel | 2020 adv first reported | Mature | $30.1M May 21, 2024 | 8 | $0 | Nov 27, 2018 |
| N•• R•••• H••••••••• 1• L• | Fund | 2018 form d first sale | Harvest | $40.7M May 21, 2024 | 21 | $30.1M | Jun 25, 2020 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
15 current, 0 departed
C•••• F•••••
Investor relationsHead of Investor Relations
L••••• E•••••••
Investor relationsInvestor Relations Associate
I••• P••••• G•••••
Managing partnerManaging Partner & Chief M•••••• Officer · since Apr 1, 2018
N•••• G••• P•••••
Managing partnerFounder & Managing Partner · since Apr 1, 2018
N•••• G•••••• P•••••
Managing partnerFounder & Managing Partner
S•••••• S•••••
Managing partnerManaging Partner
S•••••• S•••••
Managing partnerManaging Partner & Chief Compliance Officer · since Apr 1, 2018
C•••••• G••••••••
OtherExecutive Administrative Assistant
T••••••••• G•••••
OtherPortfolio
B••• E•••••
Platform and operationsChief Finance Officer
M•••• M••••••••
Platform and operationsExecutive Assistant
R••••• W•••••• C•••••
Platform and operationsChief Financial Officer · since Dec 1, 2023
A•••• A••••
PrincipalPrincipal
J••••••• S•••
Vice presidentVice President
R•••••• K•••••••
Vice presidentVice President
Investments on record
22 edges, 22 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
2 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
9 dated events
- Mar 28, 2024N•• R•••• H••••••••• 2••• P••••• first reported on Form ADV by N•• R•••• H••••••••• I•••••••• L•• (Venture Capital Fund), GAV $20,263,442Fund first reported on Form ADVFundsFactN•• R•••• H••••••••• 2••• P•••••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 1, 2023R••••• W•••••• C••••• joined Schedule A of N•• R•••• H••••••••• I•••••••• L•• as Chief Financial Officer
- Mar 28, 2022N•• R•••• H••••••••• 2••• •••• S••• first reported on Form ADV by N•• R•••• H••••••••• I•••••••• L•• (Venture Capital Fund)Fund first reported on Form ADVFundsFactN•• R•••• H••••••••• 2••• •••• S•••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2022N•• R•••• H••••••••• 2••• ••• L• first reported on Form ADV by N•• R•••• H••••••••• I•••••••• L•• (Venture Capital Fund)Fund first reported on Form ADVFundsFactN•• R•••• H••••••••• 2••• ••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020N•• R•••• H••••••••• 1• ••••••••• S••• first reported on Form ADV by N•• R•••• H••••••••• I•••••••• L•• (Private Equity Fund), GAV $26,350,000Fund first reported on Form ADVFundsFactN•• R•••• H••••••••• 1• ••••••••• S•••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 15, 2019N•• R•••• H••••••••• I•••••••• L•• first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 15, 2019N•• R•••• H••••••••• 1• L• first reported on Form ADV by N•• R•••• H••••••••• I•••••••• L•• (Private Equity Fund), GAV $21,845,000Fund first reported on Form ADVFundsFactN•• R•••• H••••••••• 1• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2018S•••••• S••••• joined Schedule A of N•• R•••• H••••••••• I•••••••• L•• as Managing Partner
- Apr 1, 2018I••• P••••• G••••• joined Schedule A of N•• R•••• H••••••••• I•••••••• L•• as Managing Partner & Chief M•••••• Officer
Classification history
- Sep 12, 2026Institutional venture firm (probable, 80%, cls-1)venture manager, reported GAV $145M across 5 vehicles
Evidence
42 observations from 3 sources