# Northern Light Capital: portfolio, investments and team

> Northern Light Capital is a private equity based in Sweden. 8 investments on record, 1 in the last 12 months, latest Aug 2026.

Source: https://millionrounds.com/fund/northern-light-capital (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Investor](https://millionrounds.com/investors)

# Northern Light Capital

Last cheque observed Aug 2026; 8 cheques on record.

Email

Private equity Deploying now Website unconfirmed

Series A Series B Series C Venture Capital & Private Equity

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 8 on record

Since the last cheque **80** days **00** hrs **00** min **00** sec

Median round **$50M** Rounds led **0 of 8** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **China, 57%**

Pitch Northern Light Capital

## Northern Light Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Series B: 83% of its rounds
- 03 Sole investor in 1 rounds, median $16M
- 04 1 exits from the portfolio

## What they do

- **Type:** Private equity
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Based in:** Umea, Sweden
- **Cold pitches:** Not accepted

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=northern-light-capital).

## The record

Every round we can evidence, newest first **8 appearances**

- **2026** 1 round
- **Aug** **[Valigent](https://millionrounds.com/company/valigent)** Gorilla Capital **Undisclosed** With 2 others
- **2019** 2 rounds
- **Apr** **[Black Sesame Technologies](https://millionrounds.com/company/black-sesame-technologies)** US · Voice **$100M** With 6 others
- **Apr** **[MemVerge](https://millionrounds.com/company/memverge)** Series A · US · FinSMEs **$25M** With 4 others
- **2018** 2 rounds
- **Nov** **[Kanova](https://millionrounds.com/company/kanova)** Series A · CN · China Money Network **$16M** Sole investor
- **Apr** **[Xsky](https://millionrounds.com/company/xsky)** Series C · CN · China Money Network **$38M** With 2 others
- **2017** 3 rounds
- **Dec** **[ODM HuaQin](https://millionrounds.com/company/odm-huaqin)** Series A · CN · Intelcapital **$136M** With 5 others
- **Jun** **[Drive.ai](https://millionrounds.com/company/drive-ai)** Series B · US · FinSMEs **$50M** With 1 other
- **Jan** **[Huaqin Telecom](https://millionrounds.com/company/huaqin-telecom)** Series A · CN · FinSMEs **$136M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Drive.ai](https://millionrounds.com/company/drive-ai)** Bought by [Apple](https://millionrounds.com/fund/apple) **Undisclosed** Jun 2019

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series A Series B Series C

Median round joined **$50M** the round, not its cheque Alone, median **$16M**

Led 0 of 8 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Aug 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A *4*
- Series B *1*
- Series C *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Hua Capital/ Tsinghua Sinoking](https://millionrounds.com/fund/hua-capital-tsinghua-sinoking) 2
- [Intel Capital](https://millionrounds.com/fund/intel-capital) 2
- [Walden Venture Capital](https://millionrounds.com/fund/walden-venture-capital) 2
- [Wise Road Capital](https://millionrounds.com/fund/wise-road-capital) 2

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## Who they invest alongside

The investors most often in the same rounds as Northern Light Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Hua Capital/ Tsinghua Sinoking** VC firm **2** rounds together](https://millionrounds.com/fund/hua-capital-tsinghua-sinoking)[**Intel Capital** Corporate VC **2** rounds together](https://millionrounds.com/fund/intel-capital)[**Walden Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/walden-venture-capital)[**Wise Road Capital** Private equity **2** rounds together](https://millionrounds.com/fund/wise-road-capital)

## Recently backed

The latest companies Northern Light Capital put money into.

[**Valigent** Aug 2026](https://millionrounds.com/company/valigent)[**MemVerge** $25M · Apr 2019](https://millionrounds.com/company/memverge)

## Quick answers about Northern Light Capital

### What does Northern Light Capital invest in?

Northern Light Capital invests most often at Series A and Series B (83% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Northern Light Capital?

8 investments on record, 1 of them in the last 12 months. The most recent was in Aug 2026.

### What has Northern Light Capital invested in recently?

Its most recent investments on record: Valigent (Aug 2026), Black Sesame Technologies (Undisclosed round, Apr 2019) and MemVerge (Series A, Apr 2019).

### How big are Northern Light Capital's cheques?

The median round it joins is $50M.

### Does Northern Light Capital lead rounds?

Rarely, if at all: none of its 8 investments on record names it as the lead.

### Where does Northern Light Capital invest?

Most of the companies it backs are in China (57%) and the United States (43%).

### Is Northern Light Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Northern Light Capital invest alongside?

Most often Hua Capital/ Tsinghua Sinoking (2 rounds together), Intel Capital (2 rounds together) and Walden Venture Capital (2 rounds together).

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