Venture Capital

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North South Ventures

North South Ventures: a four-person San Francisco firm whose partners have backed over 800 healthcare startups and produced 23 unicorns and 100+ FDA approvals.

North South Ventures logo

North South Ventures

Startup and medical experts investing in the health companies of the future.

General information

Firm type

Venture Capital

Year founded

2021

AUM

Undisclosed

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

2443 Fillmore St, San Francisco, CA, United States

Principals

David Naylor

Team

Ilse Treurnicht

Team

Paul Kudlow

Team

Andrew Lee

Team

Sector focus

Digital HealthHealthcare ServicesBiotechMedical Devices

Frequently asked questions

Who makes investment decisions at North South Ventures?

The firm’s website lists four team members—David Naylor, Ilse Treurnicht, Paul Kudlow, and Andrew Lee—without specifying titles or delineating a formal investment committee. Deal review operates on a fixed 14-day cycle, and the team’s unified track record of 800-plus investments suggests a collaborative, partner-level decision process rather than a delegated junior team.

What is North South Ventures’ investment criteria?

North South Ventures only reviews healthcare companies. The firm requires that a startup show potential to improve patient outcomes, enhance healthcare delivery, or reduce administrative burdens within the sector. Submissions outside of healthcare are not considered, and the firm recommends using DocSend or Google Drive for pitch materials.

Does North South Ventures invest outside of healthcare?

No. The firm’s stated policy is to review only healthcare-related startups. Companies that do not fit this mandate receive no response, and the firm explicitly asks founders in other sectors not to submit.

How does North South Ventures source deals?

Deal flow arrives primarily through a direct submission channel on the firm’s website, supplemented by email. North South Ventures reviews startups every 14 days and commits to a one-business-day response time for general inquiries. It does not publicize a scout network, institutional LP referral program, or partner-led thematic sourcing program.

What investment stages does North South Ventures target?

The firm covers seed, start-up, and growth-stage healthcare companies. Its portfolio spans early-stage therapeutics, medical devices, and digital health platforms, without publicly distinguishing between pre-seed, Series A, or crossover allocations.

What is the scale of North South Ventures’ portfolio?

The firm states its team has collectively invested in over 800 companies, producing 23 unicorns, more than 100 FDA approvals across biotech, medical devices, and digital health/AI, and 5 NASDAQ or NYSE IPOs. Those portfolio companies have raised over $10 billion in aggregate funding, according to the firm’s own disclosures.

Where is North South Ventures headquartered and does it have other offices?

Its only listed address is 2443 Fillmore Street in San Francisco, California. There are no additional offices disclosed on its website or in available public filings.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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