NGN Capital
Venture capitalNew York · Series A–Late Stage · 5 people tracked
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Investment thesis
NGN Capital is a venture capital firm dedicated to the healthcare sector, backing companies across biotech, pharmaceutical, and medical device fields. The team combines deep industry, clinical, and financial experience, drawing on backgrounds in pharmaceutical development, healthcare investment banking, corporate development, and drug and device approvals. Operating from New York and Heidelberg, Germany, the firm invests through U.S. and German funds totaling roughly $450 million.
Source: firm website, verified Sep 29, 2026.
Team · 5 people
from the firm's website & public directoriesWhat they invest in
from 4 of 4 portfolio companiesBiotech ×4Healthtech ×3Medical Devices ×2
HQs:United States×4
Investments · 4 tracked
founders shown can be your intro pathBy year:2016 · 12009 · 23 dated
Vivaldi Biosciences develops Delta NS1 vaccines designed to protect against epidemic and pandemic viral respiratory diseases.
BiotechHealthtechMedical DevicesFort Collins, US
Peter Palese(Founder & Scientific Advisor)Adolfo García-Sastre(Founder & Scientific Advisor)Elliott Kieff(Founder & Scientific Advisor)William Wick(CEO, Board Member and Managing Director)
Co-investorsBay City Capital
Cerapedics develops P-15 peptide enhanced bone graft products, marketed as bone growth accelerators, for spinal fusion procedures.
BiotechHealthtechMedical DevicesWestminster, US
Andrew J. Tofe(Director)inBritt Pearson(Executive Officer)inJeff Marx(Executive Officer)inGlen Kashuba(Executive Officer, Director)inJerome Connor(Executive Officer)inAndrew Handwerker(Executive Officer)
Co-investorsRevelation PartnersOrbiMed
BiotechHealthtechCambridge, US
James McCullough(Executive Officer, Director)William Kelly(Chief Financial Officer and Secretary of Issuer)Thomas McLain(Chief Executive Officer and Director of Issuer)Sara Barrington(Executive Officer)
BoardJoseph Boystak(Director)inGeert-Jan Mulder(Director)in
Co-investorsArcus VenturesForbion
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Fund performance · per public LP disclosures · 2
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| NGN BioMed Opportunity IILPs: New York City Police Pension Fund | 2008 | — | 0.6% | 1.05x | 1.05x |
| NGN BioMed Opportunity II, L.P.LPs: New York City Employees' Retirement System, Teachers' Retirement System of the City of New York, New York City Police Pension Fund +1 more | 2008 | — | 0.6% | 1.05x | 1.05x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does NGN Capital invest at?
- NGN Capital invests at the Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does NGN Capital focus on?
- NGN Capital focuses on Biotech, Digital Health, Healthtech, Medical Devices.
- Where is NGN Capital located?
- NGN Capital is headquartered in New York, US.
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