# NTEC: portfolio, investments and team

> NTEC is a government based in Kuwait. 7 investments on record, latest Aug 2010. Portfolio, stages, co-investors and team.

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

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

# NTEC

Last cheque observed Aug 2010. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet Government

Buyout Growth Seed Ict Life Sciences Healthcare

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 7 on record

Since the last cheque **5935** days **00** hrs **00** min **00** sec

Median round **$14M** Rounds led **0 of 7** Exits **2 from the portfolio** Mostly in **United Kingdom, 43%**

Pitch NTEC

## NTEC highlights

- 01 7 rounds on record
- 02 Mostly Series A and Series B: 57% of its rounds
- 03 2 exits from the portfolio

## What they do

> NTEC plays a vital role in servicing major stakeholders, locally and regionally, with their technology needs through innovative and flexible business models accommodating technology projects development, technology investments, advisory services and supportive Training & Development programs. From their own website

- **Type:** Government
- **Cheque size:** Not stated
- **Stages:** Buyout Growth Seed Series A
- **Sectors:** Ict Life Sciences Healthcare
- **Based in:** Kuwait City, Kuwait
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **7 appearances**

- **2010** 1 round
- **Aug** **[Palringo](https://millionrounds.com/company/palringo)** Series B · GB **$3.9M** With 4 others
- **2009** 1 round
- **May** **[Streamezzo](https://millionrounds.com/company/streamezzo)** Series D · FR · journalist-association.eu **$5.5M** With 4 others
- **2007** 5 rounds
- **Dec** **[Streamezzo](https://millionrounds.com/company/streamezzo)** Series C · FR · webitpr.com **$22M** With 5 others
- **Dec** **[Palringo](https://millionrounds.com/company/palringo)** Series A · GB **$5.2M** With 4 others
- **Oct** **[Oxford Immunotec](https://millionrounds.com/company/oxford-immunotec)** Series C · GB · oxfordimmunotec.com **$40M** With 5 others
- **May** **[Petra Systems](https://millionrounds.com/company/petra-systems)** Series A · US **$14M** With 2 others
- **Feb** **[immatics biotechnologies](https://millionrounds.com/company/immatics-biotechnologies)** Series B · DE · tornado-insider.com **$52M** 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.

## The team

We hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**4** of 38 we have independently watched raise

[Emeritus](https://millionrounds.com/company/emeritus)[Gust](https://millionrounds.com/company/gust)[Impulse](https://millionrounds.com/company/impulse)[Nest](https://millionrounds.com/company/nest) Cambridge-leadership Chathamhouse Columbia Dialogix Earthcapital Emergingworld Enertech Enterprise Eonreality Fraunhofer Gic Globalalliancepr Harvard Hec Imperial Kcb Kfas Kisr Klsc Kpc Leadingpractice London Mit Moc Mpg Nasco Paaet Pahw Sacgc Site Stratx-exl Thunderbird Tomorrowtodayglobal Utexas

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Oxford Immunotec](https://millionrounds.com/company/oxford-immunotec)** Listed **$64M** Nov 2013

**[Streamezzo](https://millionrounds.com/company/streamezzo)** Bought by [Amdocs](https://millionrounds.com/fund/amdocs-ventures) **Undisclosed** Apr 2010

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

## The cheque

Buyout Growth Seed

Median round joined **$14M** the round, not its cheque

Led 0 of 7 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Aug 2010
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series A said *2*
- Series B *2*
- Series C *2*
- Series D *1*
- Buyout said *-*
- Growth said *-*
- Seed said *-*

Cheques by year Led Joined

2007 2010

Often in the room with

- [DFJ ePlanet Ventures](https://millionrounds.com/fund/dfj-eplanet-ventures) 2
- [GET Valorisation](https://millionrounds.com/fund/get-valorisation) 2
- [Northstar Ventures](https://millionrounds.com/fund/northstar-ventures) 2
- [Prime Ventures](https://millionrounds.com/fund/prime-ventures) 2
- [Qualcomm](https://millionrounds.com/fund/qualcomm) 2
- [Sofinnova Partners](https://millionrounds.com/fund/sofinnova-partners) 2

**Pitching NTEC?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**DFJ ePlanet Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/dfj-eplanet-ventures)[**GET Valorisation** VC firm **2** rounds together](https://millionrounds.com/fund/get-valorisation)[**Northstar Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/northstar-ventures)[**Prime Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/prime-ventures)[**Qualcomm** Corporate VC **2** rounds together](https://millionrounds.com/fund/qualcomm)[**Sofinnova Partners** VC firm **2** rounds together](https://millionrounds.com/fund/sofinnova-partners)[**Wellington Partners** VC firm **2** rounds together](https://millionrounds.com/fund/wellington-partners)

## Quick answers about NTEC

### What does NTEC invest in?

NTEC invests most often at Series A and Series B (57% of the rounds on record), in sectors such as Ict, Life Sciences and Healthcare.

### How active is NTEC?

7 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2010.

### How big are NTEC's cheques?

The median round it joins is $14M.

### Does NTEC lead rounds?

Rarely, if at all: none of its 7 investments on record names it as the lead.

### Where does NTEC invest?

Most of the companies it backs are in the United Kingdom (43%), France (29%) and the United States (14%).

### Is NTEC investing now?

No investments in the last 12 months; the latest was in Aug 2010.

### Who does NTEC invest alongside?

Most often DFJ ePlanet Ventures (2 rounds together), GET Valorisation (2 rounds together) and Northstar Ventures (2 rounds together).

### What kind of investor is NTEC?

NTEC is a government based in Kuwait City, Kuwait.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=ntec) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=ntec)
