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The Venture Codex

Northern Light Venture Capital

32nd Floor, Tower 2, China Central Place, 79 Jianguo Road, Chaoyang District, Beijing, China

Overview

Venture capital firm focused on early and growth stage investments.

Founded

2005

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B

Geographic focus

China
United States

Sector focus

Financial Services
Venture Capital

Investment portfolio

57rounds
NAMEDATESIZE
Eagle Cloud
Sep 2026Led
$15 MSeries B
Spiro Medical
Jan 2026Participated
$67 MSeries A
Sanegene Bio
Dec 2025Participated
$110 MSeries B
iRegene Therapeutics
Sep 2025Led
$42 MSeries B
VOC.AI
Apr 2025Participated
$15 MOther Equity
H-CHIP TECH
Aug 2024Participated
$14 MSeries B
RootData
Apr 2024Led
$1 MSeed
Sanegene Bio
Dec 2023Participated
$84 MSeries A
CIMO
Oct 2023Participated
$14 MSeries A
ECTEK
Mar 2023Participated
$15 MOther Equity
VOC
Mar 2023Led
$12 MOther Equity
BUD
May 2022Participated
$37 MSeries B
Eagle Cloud
Sep 2026Led
$15 MSeries B
Spiro Medical
Jan 2026Participated
$67 MSeries A
Sanegene Bio
Dec 2025Participated
$110 MSeries B
iRegene Therapeutics
Sep 2025Led
$42 MSeries B
VOC.AI
Apr 2025Participated
$15 MOther Equity
H-CHIP TECH
Aug 2024Participated
$14 MSeries B
RootData
Apr 2024Led
$1 MSeed
Sanegene Bio
Dec 2023Participated
$84 MSeries A
CIMO
Oct 2023Participated
$14 MSeries A
ECTEK
Mar 2023Participated
$15 MOther Equity
VOC
Mar 2023Led
$12 MOther Equity
BUD
May 2022Participated
$37 MSeries B
57
Items
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Insights

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Deal Distribution

Northern Light Venture Capital: 57 funding rounds are recorded in the selected participation categories.All available history.
Northern Light Venture Capital: 57 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed30
Series A514
Series B313
Series C+29
Other Equity26

Monthly Deal Activity

Northern Light Venture Capital: 57 deals are recorded across 232 months.All available history.
Northern Light Venture Capital: 57 deals are recorded across 232 months. All available history
MonthDeals
Jul '071
Aug '070
Sep '070
Oct '070
Nov '070
Dec '070
Jan '080
Feb '080
Mar '080
Apr '080
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '101
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '111
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '111
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '121
May '120
Jun '120
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '131
Nov '130
Dec '130
Jan '141
Feb '140
Mar '141
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '141
Jan '151
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '152
Oct '150
Nov '150
Dec '150
Jan '162
Feb '160
Mar '160
Apr '160
May '160
Jun '161
Jul '160
Aug '160
Sep '162
Oct '160
Nov '161
Dec '160
Jan '171
Feb '170
Mar '170
Apr '171
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '182
Oct '180
Nov '181
Dec '180
Jan '191
Feb '191
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '201
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '211
Feb '212
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '211
Nov '211
Dec '210
Jan '220
Feb '222
Mar '220
Apr '221
May '222
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '232
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '251
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Northern Light Venture Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (17 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Northern Light Venture Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Networks, Cloud & Communication17
Health & Life Sciences15
Enterprise Software12
Hardware & Robotics10
E-Commerce & Retail7
Cybersecurity & Privacy7
AI & Machine Learning6
Data, Analytics & IT5
Space & Frontier Tech5
Consumer & Lifestyle4
Manufacturing4
Transportation & Logistics2
Marketing & Advertising2
Professional Services2
Gaming & eSports2
Developer Tools2
AR/VR1
Clean Energy & Sustainability1
Crypto & Blockchain1
Fintech1
Media & Entertainment1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

Northern Light Venture Capital: 57 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Northern Light Venture Capital: 57 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M5
$10M-$25M19
$25M-$50M17
$50M-$100M8
$100M-$250M5
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Northern Light Venture Capital: United States has the largest recorded deal count among the displayed regions (31 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Northern Light Venture Capital: United States has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
United States31
China20
Singapore2
South Korea1
Hong Kong1
Brazil1
Europe1
Northern Light Venture Capital: 20 co-investors are shown, with Kleiner Perkins sharing 9 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Northern Light Venture Capital: 20 co-investors are shown, with Kleiner Perkins sharing 9 recorded deals. All available history
Co-investorShared deals
Kleiner Perkins9
Lightspeed Venture Partners6
Qiming Venture Partners6
Co-win Ventures4
Gaorong Capital3
GGV Capital3
Intel Capital3
New Enterprise Associates3
Oriza Holdings3
Oriza Ventures3
Tencent3
Tyche Partners3
Valley Capital Partners3
Vivo Capital3
Advantech Capital2
Artiman Ventures2
Baseline Ventures2
CDH Investments2
China Broadband Capital2
EDBI2

Investment Strategy

Northern Light Venture Capital: Led accounts for 26% and participating for 74% of round participation.All available history.
Northern Light Venture Capital: Led accounts for 26% and participating for 74% of round participation. All available history
CategoryDeals (count)Share (%)
Led1526%
Participating4274%
Northern Light Venture Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Northern Light Venture Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1067%
Co-led533%

Team

Feng Deng

Founding General Partner

Lixin Li

Managing Director

Lu Lin

Executive Director

Pandy Song

Associate

Ran Qiu

Vice President

Simon Zhao

Vice President

Yan Ke

Venture Partner

Zheng Wei

Venture Partner

ZHI TAN

Venture Partner