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.
Firms / NDI Management Company LLC
NDI Management Company LLC
NDI is a hybrid venture capital and commercialization firm focusing exclusively on innovative neurodevice technologies.
venture manager, reported GAV $30.4M across 1 vehicles
Importance
9
low
Active deployment
0
low
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
1
low
Identity and regulatory footprint
- Headquarters
- Cleveland, OHadviserinfo.sec.gov
- Office address
- 22901 MILLCREEK BLVD., SUITE 500, Cleveland, OH, 44122adviserinfo.sec.gov
- Business phone
- 216-378-9106adviserinfo.sec.gov
- Website
- HTTP://WWW.NDIMEDICAL.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 23, 2023
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $30.4Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- info@ndimedical.comndimedical.compublished by the subject
- business phone
- 216-378-9106adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- biotech
- Stages
- not stated or not yet read
- Geography
- not stated
- 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
Other Health Care 100%
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
1 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| NDI Healthcare Fund LLC | Fund | 2011 form d first sale | Harvest | $30.4M Mar 23, 2023 | 52 | $25.9M of $50.0M | Feb 4, 2011 |
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, 2 departed
Geoffrey B Thrope
PartnerManaging Director · since Jan 1, 2010
Leonard Michael Cosentino
PartnerManaging Director · since Jan 1, 2010
Patricia Shrader
PartnerManaging Director · since Oct 1, 2010
Warren Grill
PartnerManaging Director · since Jan 1, 2010
2 departed (kept with end dates)
- LES Vinney · Managing Director · Jan 1, 2010 to Mar 24, 2020 Inference
- Ralph Michael Dellaratta · Managing Director · Jan 1, 2010 to Aug 17, 2017 Inference
Investments on record
1 edges, 1 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| SPR Therapeutics, Inc. | board seat | unknown · board | Geoffrey B Thrope (strongly supported) | unknown | unknown | Feb 5, 2024 | Inference SEC EDGAR Form D data sets (quarterly) |
“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
1 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
4 dated events
- Mar 24, 2020LES Vinney (Managing Director) no longer on Schedule A of NDI Management Company LLC
- Aug 17, 2017Ralph Michael Dellaratta (Managing Director) no longer on Schedule A of NDI Management Company LLC
- Apr 3, 2012NDI Management Company LLC 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)
- Apr 3, 2012NDI Healthcare Fund LLC first reported on Form ADV by NDI Management Company LLC (Venture Capital Fund), GAV $26,588,988Fund first reported on Form ADVFundsFactNDI Healthcare Fund LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $30.4M across 1 vehicles
Evidence
39 observations from 2 sources