# Northern Light Venture Capital

Northern Light Venture Capital is a Venture Capital based in Hong Kong, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Hong Kong, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2005
- **Assets under management:** $5B estimated (Altss estimate)
- **Website:** www.nlvc.com

## Regulatory record

- **CRD number:** 161103
- **SEC file number:** 802-75080
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/161103

## About

Northern Light Venture Capital is an exempt reporting adviser in Hong Kong, California. It is based in Hong Kong.

## Sectors

- AI/ML
- Enterprise Software
- Digital Health
- PropTech
- ClimateTech
- FinTech
- Media & Entertainment
- Cybersecurity
- Mobility & Transportation

## Offices

- Shanghai
- Hong Kong
- Zhongguancun

## People

- Feng Deng — Co-Founder and Managing Director
- Kai-Fu Lee — Co-Founder and Chairman

## Questions

### Who runs investment decisions at Northern Light Venture Capital?

Co-founder Kai-Fu Lee chairs the firm and sets the strategic direction, particularly for AI investments, while co-founder Feng Deng oversees day-to-day investment decisions and operations alongside a team of managing directors. Lee's involvement is especially hands-on for deep-tech deals.

### How does Northern Light source proprietary deal flow?

Northern Light sources deals through a combination of Kai-Fu Lee's personal network in AI and tech communities, a dedicated scouting team across university labs and innovation parks, and its own incubation arm that spins out companies from its AI labs — a model distinct from pure venture capital firms.

### What investment stages does Northern Light typically target?

Northern Light invests across early-stage (Series A and B) to growth-stage companies, with a preference for leading or co-leading rounds. Check sizes range from $1M to $20M for initial investments, with reserves for follow-on rounds, primarily in China-based technology companies.

### Which sectors does Northern Light explicitly avoid?

Northern Light avoids heavy-industry sectors such as manufacturing, oil and gas, or commodity extraction. The firm also steers clear of traditional real estate development, focusing exclusively on technology-enabled businesses.

## Related profiles

- [BLUESKYE INVESTMENT ADVISERS, LLC](https://altss.com/profile/blueskye-investment-advisers-llc)
- [G-51 Management](https://altss.com/profile/g-51-management)

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Last updated: 2026-08-14T12:30:00.000Z

Canonical page: https://altss.com/profile/northern-light-venture-capital

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