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.

Firms / Northern Light Venture Capital

Northern Light Venture Capital

Institutional venture firmHong Kongnlvc.comSEC venture capital fund adviser

Supporting the next generation of entpreneurs in enterprise, healthcare, and consumer with disruptive potential.

venture manager, reported GAV $2,763M across 20 vehicles

Importance
43
elevated
Active deployment
4
low
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
8
low
Identity and regulatory footprint
Headquarters
Hong Kong, Hong Kongadviserinfo.sec.gov
Office address
SUITE 2210, TWO PACIFIC PLACE, 88 QUEENSWAY, ADMIRALTY, Hong Kongadviserinfo.sec.gov
Business phone
852-2571-8600adviserinfo.sec.gov
Website
HTTP://WWW.NLVC.COM
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 28, 2024
Private funds reported
19 (19 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$2.8Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Northern Light Development Ltd. (Shareholder), E; Nlvc Holdings, Ltd. (Shareholder), E
business phone
852-2571-8600adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
Sectors
enterprise software, healthcare, consumer
Stages
early
Geography
asia, global, globally, silicon valley
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
Other Health Care 100%
lead rate 0%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
20 reported, 2 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Fund 6.4Fund2022 adv first reportedActive deployment$25.4M
Mar 28, 2024
9unknownunknown
Fund 6.1Fund2021 adv first reportedMature$111M
Mar 28, 2024
16unknownunknown
Fund 6.2Fund2021 adv first reportedMature$10.8M
Mar 28, 2024
5unknownunknown
Fund 6.3Fund2021 adv first reportedMature$6.3M
Mar 28, 2024
8unknownunknown
Fund 5.1Fund2018 adv first reportedHarvest$892M
Mar 28, 2024
24unknownunknown
Fund 5.2Fund2018 adv first reportedHarvest$69.4M
Mar 28, 2024
5unknownunknown
Fund 5.3Fund2018 adv first reportedHarvest$11.8M
Mar 28, 2024
10unknownunknown
Fund 4.1Fund2015 adv first reportedHarvest$589M
Mar 28, 2024
27unknownunknown
Fund 4.2Fund2015 adv first reportedHarvest$47.6M
Mar 28, 2024
5unknownunknown
Fund 4.3Fund2015 adv first reportedHarvest$8.9M
Mar 28, 2024
9unknownunknown
Fund 3.1FundunknownUnknown$547M
Mar 28, 2024
33unknownunknown
Fund 2.1FundunknownUnknown$263M
Mar 28, 2024
36unknownunknown
Fund 3.2FundunknownUnknown$62.0M
Mar 28, 2024
5unknownunknown
Fund 1.1FundunknownUnknown$52.8M
Mar 28, 2024
27unknownunknown
Fund 2.2FundunknownUnknown$34.7M
Mar 28, 2024
5unknownunknown
Fund 1.2FundunknownUnknown$11.6M
Mar 28, 2024
6unknownunknown
Fund 3.3FundunknownUnknown$8.9M
Mar 28, 2024
8unknownunknown
Fund 1.3FundunknownUnknown$5.7M
Mar 28, 2024
3unknownunknown
Fund 2.3FundunknownUnknown$3.8M
Mar 28, 2024
2unknownunknown
Eve One Fund III L.P.FundunknownUnknownunknownunknown$0
of $400M
Sep 20, 2024
Fund 02FundunknownWound down$12.7M
Mar 30, 2022
37unknownunknown
Fund 01FundunknownWound down$262,340
Mar 30, 2022
37unknownunknown
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
4 current, 0 departed
BIN Li
Director · since Mar 1, 2022
Principal
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Feng Deng
Director · since Oct 1, 2005
Principal
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Jeffrey David Lee
Director · since Aug 1, 2007
Principal
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Shun Kiu Lau
Director · since Mar 1, 2011
Principal
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Investments on record
1 edges, 1 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Spiro Medical Inc.Series A · Series Aparticipantunknown$67.0MunknownJan 7, 2026Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
“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
3 relationships from shared deals, counted for the whole firm
Supernova Invest 1 shared · one timeAndera Partners 1 shared · one time · they led 1HSG 1 shared · one time
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
26 dated events
  1. Sep 15, 2026
    Northern Light Venture Capital: MICRO_VC -> INSTITUTIONAL_VC (venture manager, reported GAV $2,763M across 20 vehicles)
    Classification changedClassificationInferenceno URL
  2. Apr 1, 2023
    Fund 01 no longer reported on Form ADV by Northern Light Venture Capital
    Fund no longer reportedFundsInferenceFund 01SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Apr 1, 2023
    Fund 02 no longer reported on Form ADV by Northern Light Venture Capital
    Fund no longer reportedFundsInferenceFund 02SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Mar 30, 2022
    Fund 6.4 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $57,195,873
    Fund first reported on Form ADVFundsFactFund 6.4SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  5. Mar 1, 2022
    BIN Li joined Schedule A of Northern Light Venture Capital as Director
    Person joinedPeopleFactBIN LiSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Mar 31, 2021
    Fund 6.2 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $20,202,000
    Fund first reported on Form ADVFundsFactFund 6.2SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  7. Mar 31, 2021
    Fund 6.3 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $127,777,655
    Fund first reported on Form ADVFundsFactFund 6.3SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  8. Mar 31, 2021
    Fund 6.1 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $199,494,750
    Fund first reported on Form ADVFundsFactFund 6.1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  9. Mar 7, 2018
    Fund 5.1 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $368,585,859
    Fund first reported on Form ADVFundsFactFund 5.1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  10. Mar 7, 2018
    Fund 5.3 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $15,000,000
    Fund first reported on Form ADVFundsFactFund 5.3SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  11. Mar 7, 2018
    Fund 5.2 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $30,000,000
    Fund first reported on Form ADVFundsFactFund 5.2SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  12. Mar 30, 2015
    Fund 4.1 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $368,585,859
    Fund first reported on Form ADVFundsFactFund 4.1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  13. Mar 30, 2015
    Fund 4.3 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $5,151,515
    Fund first reported on Form ADVFundsFactFund 4.3SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  14. Mar 30, 2015
    Fund 4.2 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $20,202,000
    Fund first reported on Form ADVFundsFactFund 4.2SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  15. Mar 28, 2012
    Fund 2.2 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $48,053,378
    Fund first reported on Form ADVFundsFactFund 2.2SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  16. Mar 28, 2012
    Fund 3.2 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $39,972,169
    Fund first reported on Form ADVFundsFactFund 3.2SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  17. Mar 28, 2012
    Fund 2.1 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $367,304,741
    Fund first reported on Form ADVFundsFactFund 2.1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  18. Mar 28, 2012
    Fund 02 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $15,241,382
    Fund first reported on Form ADVFundsFactFund 02SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  19. Mar 28, 2012
    Fund 01 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $22,563,576
    Fund first reported on Form ADVFundsFactFund 01SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  20. Mar 28, 2012
    Fund 1.2 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $33,589,313
    Fund first reported on Form ADVFundsFactFund 1.2SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  21. Mar 28, 2012
    Fund 3.3 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $5,086,286
    Fund first reported on Form ADVFundsFactFund 3.3SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  22. Mar 28, 2012
    Fund 2.3 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $4,820,300
    Fund first reported on Form ADVFundsFactFund 2.3SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  23. Mar 28, 2012
    Fund 1.1 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $152,887,544
    Fund first reported on Form ADVFundsFactFund 1.1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  24. Mar 28, 2012
    Fund 1.3 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $16,769,862
    Fund first reported on Form ADVFundsFactFund 1.3SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  25. Mar 28, 2012
    Fund 3.1 first reported on Form ADV by Northern Light Venture Capital (Venture Capital Fund), GAV $354,727,006
    Fund first reported on Form ADVFundsFactFund 3.1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  26. Mar 28, 2012
    Northern Light Venture Capital first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 15, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $2,763M across 20 vehicles
  2. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $9.6M across 3 vehicles
  3. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $9.6M across 2 vehicles
Evidence
42 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedventure_capital_fund_adviserMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-03-28Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-03-28Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds1Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone852-2571-8600Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://nlvc.com/wp-content/plugins/contact-form-7/includes/css/styles.css
“contact page linked from the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionSupporting the next generation of entpreneurs in enterprise, healthcare, and consumer with disruptive potential.
“meta description”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionSupporting the next generation of entpreneurs in enterprise, healthcare, and consumer with disruptive potential.
“meta description”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersHong Kong, Hong KongMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office addressSUITE 2210, TWO PACIFIC PLACE, 88 QUEENSWAY, ADMIRALTY, Hong KongMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Self-described typeventure_capital
“NLVC I Global, technology-centric early stage venture capital firm.”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typeventure_capital
“NLVC I Global, technology-centric early stage venture capital firm.”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formCorporationMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://nlvc.com/investments/
“0 entries read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://nlvc.com/investments/
“0 entries read”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported19Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$2.8BMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated geographyasia,global,globally,silicon valley
“geography words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographyasia,global,globally,silicon valley
“geography words on the home page”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsenterprise_software,healthcare,consumer
“sector words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsenterprise_software,healthcare,consumer
“sector words on the home page”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesearly
“stage words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesearly
“stage words on the home page”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported19Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.NLVC.COMMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleNLVC I Global, technology-centric early stage venture capital firm.
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleNLVC I Global, technology-centric early stage venture capital firm.
“title tag”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)