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NLC Funds

Invest in a highly diversified portfolio and generate impact at scale.

A formal clothed man on a bridge in the city

NLC funds provide institutional and private investors access to a highly diversified portfolio of impactful healthtech ventures with one single investment, allowing them to spread risk over multiple investments at low transaction costs. Our latest fund, the NLC Health Impact Fund is SDFR9 compliant and currently open to investments.

Our impact

Countries our funds are active in
Investments made by our funds
Patients impacted
Captive funds
Under management of NLC funds

Open Fund

The NLC Health Impact Fund is NLC's newest and largest fund. With its target size of €100M, it invests in a highly diversified portfolio of between 80 to 90 ventures. The fund invests from the pre-seed stage when value creation and return potential are highest, with the potential to allocate up to €9M per company in follow-on financing for the most successful ventures up until Series A and B. The fund provides (institutional) investors access to healthcare innovations, carefully selected and built by NLC. The NLC Health Impact fund is SDFR-9 compliant and supports UN sustainable development goals 3, 9, and 17.

Note: The Fund invests in privately-held companies active in the healthcare sector through equity and quasi-equity instruments. Investments in the NLC Health Impact Fund are illiquid in nature. The Health Impact Fund is an actively managed fund and is not managed based on a Benchmark Index.

NLC Health Impact FundNLC Health Impact Fund
NLC Health Impact Fund
Fundraising status
Target fund size
€100 M
Target number of portfolio companies
Investment Phase
Pre-Seed to Series B

Closed Funds

The Stepping Stone Fund was set up at the end of 2020 to invest in 40 promising new start-ups all built and supported by NLC.

Stepping Stone Fund
Stepping Stone Fund
Fundraising status
Closed in 2021
Number of portfolio companies
Investment Phase
Pre-Seed to Series A
Geographical Focus

Momentum was established in 2020 to supply seed capital to 11 transformative NLC ventures.

Momentum Fund
Momentum Fund
Fundraising status
Closed in 2020
Number of portfolio companies
Investment Phase
Pre-Seed to Seed
Geographical Focus

Invest in Health ventures

medical worker in suit

Create a healthier future with us

Hidde ten Brink
Investment Director
Nina Rijnders
Investor Relations
The Health Impact Fund is accessible to investors residing in all the EU Member States. Investors acquire interests in the Health Impact Fund and not direct ownership in any underlying asset in which the Fund invests. No leverage is used at the fund level.

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 funds under their 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.