The NLC Health Impact Fund
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Invest in a diversified portfolio of healthcare companies
The NLC Health Impact Fund is NLC’s fourth fund and has been actively investing since 2023. The fund has built a diversified portfolio of 50+ healthcare companies that extend and improve people’s lives.
Following the continued development of the portfolio, NLC is launching a one-time extension of the fund to double down on the ventures within the portfolio demonstrating strong progress.
Investors will get access to a highly diversified portfolio and the opportunity to support the most promising companies.
Why invest in the nlc health impact fund
Instead of investing in a single venture, you invest in the NLC Health Impact Fund, the fourth fund of Europe's largest early-stage healthcare investor. You invest in a portfolio of 50+ companies from pre-seed to Series A/B and will have access to investments in healthcare innovations originating from world-renowned universities, hospitals and corporates that are carefully vetted, supported and scaled by NLC.

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A selection of ventures in
the NLC health impact fund
Amotio addresses the challenge of revision surgeries for hip, knee, and shoulder implants with their innovative approach. Collaborating with expert revision surgeons and guided by NLC, they offer a patented solution for improved implant revision surgery. By developing unique bone cement removal devices and integrating advanced patient-specific 3D surgical planning and printing technology, Amotio aims to set a new standard for excellence in these surgeries. Their goal is to reduce complexity, trauma, and recovery time while cutting costs for healthcare providers.

Nilocas offers a revolutionary solution for detecting coronary artery disease non-invasively and without radiation. Patients wear a lightweight chest patch that captures the sounds of turbulent blood flow through arteries using microphones and accelerometers. Advanced machine learning and AI rapidly analyze the data, providing a clear diagnosis in just 10 minutes. This innovation eliminates the need for costly and invasive procedures, making cardiac diagnosis more accessible in both clinical and non-clinical settings.

SERDA presents a solution for wound debridement, particularly useful for burn wounds and chronic wounds like diabetic foot ulcers. Traditional debridement methods can be expensive, painful, or less effective. SERDA offers an enzymatic debrider in the form of a hydrogel that selectively breaks down necrotic tissue, leaving healthy tissue intact, promoting faster healing with minimal discomfort for the patient. SERDA aims to improve the efficiency and ease of wound care, providing a more effective alternative to existing options.

Wavefront is revolutionizing live-cell imaging with their AI-driven computational microscope, offering a stain-free imaging technique powered by patented quantitative-phase-imaging (QPI) technology. This approach eliminates the need for costly and invasive chemical staining, preserving cell integrity with real-time visualization of cellular structures with precision and detail. Wavefront's innovative solution has transformative potential research across diverse fields, from cancer research to clinical diagnostics.

Neurolieve Biosciences is developing NLV-01, a first-in-class, non-opioid treatment for peripheral neuropathy, addressing a market with over 500 million patients globally. Their GalR2 agonist delivers dual action that no current therapy offers: potent pain relief and nerve regeneration. Critically, NLV-01 does not cross the blood-brain barrier, eliminating the CNS side effects and addiction risk that limit opioids and gabapentinoids.

Sanmirna is pioneering a first-in-class microRNA inhibitor - Miristen™ - designed to eliminate leukemia stem cells while preserving healthy hematopoiesis. In December 2025, Miristen™ began dosing relapsing/resistant patients in a Phase Ia/Ib study. The study is expected to complete in 2026. Sanmirna is now planning pivotal studies in accord with FDA guidelines.

Audaxis Medical revolutionizes the treatment of stress urinary incontinence with Plielle™, a next-generation polyurethane support system. While traditional polypropylene slings often lead to chronic inflammation and tissue complications, Plielle™ offers a safer alternative by replicating the native structure and viscoelastic properties of the pelvic floor. By providing a high-performance, biocompatible solution that integrates seamlessly with human tissue, Audaxis aims to improve clinical outcomes and restore patient confidence, filling a critical gap in women’s healthcare.

Epilepsy causes uncontrolled seizures, greatly reducing quality of life and sometimes leading to early death. Over 50 million people worldwide have epilepsy, but only two-thirds respond to medication. For those with drug-resistant epilepsy, treatment options are limited and often ineffective. MIR Therapeutics is developing a new gene therapy to provide lasting and powerful seizure control for drug-resistant epilepsy patients. Their therapy delivers microRNA-335 to the affected brain regions using an AAV9 viral vector, which helps control hyperexcitability by regulating voltage-gated sodium channels. This results in fewer and less severe seizures.

Key RISKS
As with all investments carrying risk, the value of your investment in NLC and its Health Impact Fund could be lost, in full or in part due to unexpected developments. Some of the key risks are listed below. Prospective investors are advised to consult the Information Memorandum of this Fund for an overview of all relevant risk factors
Restricted tradeability
As a closed-end fund, the interests and underlying investments are illiquid and not freely tradeable. If an investor wishes to sell their interests in the fund before the end of the fund term, their returns might be negatively affected or the interests might not be tradable or will only be tradable to a limited extent because of lack of another person acquiring their interests. Investors could, thus, be bound to this investment longer than expected or desired.
Start-up risk
The Fund invests in healthtech startups, which are inherently of high risk. Several of the portfolio companies in which the Fund will invest will not be able to turn their current projects into fully commercialized products certified for medical use, negatively affecting the performance of the Fund and potentially the value of the investment made.
Market risk
Many of the portfolio companies are projected to need one or more follow-on financing rounds to successfully launch their product on the market. While the Fund itself could make follow-on investments pursuant to its terms and conditions, such follow-on investments always need to be matched by external investors. If the portfolio companies are unable to secure this funding, it might lead to a delay or a lack of sources to continue the developmental trajectories of one or more portfolio companies, which might negatively impact the performance of the Fund and potentially impact the value of the investment made.
Insights
Create a healthier future with us
This webpage is a marketing material which has been prepared by NLC Fund Management B.V. (‘NLC’) with the purpose of sharing relevant information concerning the fund under its management. It does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, which will only be made by means of an information memorandum and/or subscription documents. You may not rely on this webpage as the basis upon which to make an investment decision. This webpage does not purport to be complete on any topic addressed. NLC has not verified or analyzed the information included in this webpage for accuracy or completeness. NLC shall not bear any liability for the information contained in, or any omissions from, this webpage.






















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