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NLC

Venture studio

Amsterdam · Pre-Seed–Seed · 43 people tracked

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Investment thesis

NLC operates as both a venture builder and fund manager focused on healthcare innovation, combining captive deal flow with Europe's largest independent innovation team to identify and derisk early-stage opportunities. Through the SFDR Article 9 compliant NLC Health Impact Fund, it aims to back 80-90 companies, providing early-stage capital while pursuing both financial returns and measurable societal impact. In-house healthcare specialists across digital health, medical technology, and biotech drive investment selection, and the firm emphasizes portfolio diversification across healthcare sectors, geographies, and company stages to manage the inherent risks of early-stage healthcare investing.

Source: firm website, verified Aug 16, 2026.

Stage
Pre-Seed–Seed
HQ
Amsterdam, NL
Instruments
Equity
Founded
2015
Tracked investments
90

Team · 43 people

from the firm's website
Jaap Haemers· Investment Manager
Nina Lameule· Investment Manager
Alessandro Radaelli· Venture Partner, Cardiovascular & IGT
Gina Melchner· Venture Partner, Lead General Healthtech
Henk Westendorp· Venture Partner, Cardiovascular & IGT
Ian Metcalfe· Venture Partner, Therapeutics
Ileana Lindeman· Venture Partner, Orthopedics, Spine & Surgery
Kathrin Ballesteros, PhD· Venture Partner, Therapeutics
Pieter Wijffels· Venture Partner, New Markets
Taco van der Feltz, MD· Venture Partner
Amalia Stenberg· Head of Legal, Company Secretary
Ankita Das· Sr. Venture Development Associate
Annabel van der Horst· Venture Developer
Annameta Gericke· Venture Developer
Antoinette van Lier· Supervisory Board
Augusta Poteliunaite· Cluster Talent Partner & Recruiter
Carlos Garcia Tognaccini· Legal Counsel
Danyl Lebediev· Head of IT
Dirk Pekelharing· Supervisory Board
Ellis Aune· Venture Development Manager
Emke Bus· Head of Investor Relations & Business Development
Erica Young· Supervisory Board
Gabor Heltovics· Advisor
Harri O'Sullivan· Head of Talent Acquisition
Kevin Ranner· Investment Associate
Lars Olthof· Head of Venture Finance, Venture Investment Director
Linda Pullan· Supervisory Board
Ljudmila Katchan, PhD· Entrepreneur in Residence
Lydia Kalafateli, PhD· Venture Development Manager
Margarida Lopes· Investment Associate
Marta Scali, PhD· Sr. Venture Development Associate
Nia Emami-Shahri, PhD· Entrepreneur in Residence
Niels van Kasteel· Corporate Account Manager
Nina Rijnders· Investor Relations
Peter Veldman· Chairman of the Investment Committee
Rita Mendes, PhD· Venture Developer Manager
Rob ten Hoedt· Chairman, Supervisory Board
William Richardson· Head of Finance & Data Analytics

What they invest in

from 50 of 90 portfolio companies

Medical Devices ×45Healthtech ×31Biotech ×18Digital Health ×16Hardware ×12AI & Machine Learning ×11Deep Tech ×4FemTech ×2

HQs:Netherlands×10United Kingdom×5France×2United States×2Germany×1Ireland×1

Investments · 90 tracked

founders shown can be your intro path
Neurolievebiosciencesneurolievebiosciences.com✓ verified

Neurolieve Biosciences is developing NLV-01, a first-in-class non-opioid biologic designed to relieve neuropathic pain and promote nerve regeneration while avoiding CNS side effects and addiction risk.

BiotechDeep TechHealthtech

Aerion Bioscienceaerion-bioscience.com

Aerion Bioscience develops a non-invasive blood test that uses a 6-protein biomarker panel and an algorithm to detect early-stage lung cancer in high-risk individuals.

BiotechDigital HealthMedical Devices

Aetherusaetherus.health

Aetherus is developing a pocket-sized, non-pharmaceutical handheld device that provides positive-pressure breathing support to give rapid relief from acute breathlessness in about 2-3 minutes for patients with moderate to very severe COPD.

Digital HealthHardwareMedical Devices

Aidoaido.health

AIDO develops a robotic add-on system, combining hardware and software, that attaches to existing endoscopes to assist endoscopists with complex, non-invasive procedures such as treating colorectal cancer and performing pancreatic biopsies.

HealthtechMedical DevicesRobotics

Allergiosallergios.health

Allergios develops an in-vitro allergy diagnostic that visualizes allergic responses by analyzing how a patient's blood serum induces basophil degranulation, using a disposable microfluidic chip, an optical reader (GranulEye), and AI-based analysis software.

AI & Machine LearningDigital HealthMedical Devices

Altachaltach.health

Altach Biomedical develops biomimetic cartilage scaffolds made from Type II collagen that surgeons use to repair cartilage defects and promote tissue regeneration, aiming to prevent progression to osteoarthritis.

BiotechHealthtechMedical DevicesDublin, IE

Amotioamotio.health

Amotio develops a guided bone cement removal system with patient-specific surgical planning and precision instrumentation for orthopaedic revision surgery, targeting arthroplasty and revision surgeons who work with cemented joint implants.

HardwareHealthtechMedical Devices

Iestyn Foster(Founder & CEO)

Angiogenesis Analyticsangiogenesis-analytics.nl

PCaVision is a diagnostic tool that combines multiparametric ultrasound imaging with AI algorithms to detect suspicious areas for prostate cancer, offering urologists a diagnostic pathway that does not require MRI.

AI & Machine LearningDigital HealthMedical Devices

Ansanaansana.health

Ansana develops a smart medical device with integrated sensors and real-time track-and-trace technology, plus data modules for quality release, scheduling, inventory optimization, and operating room service management, to manage surgical instrument reprocessing.

HealthtechIoTMedical Devices

Arnearne.health
Artifexartifex.health

Artifex Health develops small-diameter vascular grafts made from bacterial cellulose, aiming to combine natural biocompatibility with reproducible manufacturing.

BiotechHealthtechMedical Devices

Asclepiusasclepius-medtech.com

Asclepius MedTech develops Surgfit, a remote patient monitoring platform that combines a Class IIa wearable biosensor patch with health questionnaire data to give hospital pre-operative and surgical teams continuous physiological data for preoperative surgical assessment and post-operative planning.

Digital HealthHealthtechMedical DevicesLeeds, GB

Audaxis Medical

Next-generation polyurethane support system (Plielle) for treating stress urinary incontinence.

Audaxismedicalaudaxismedical.com

Audaxis Medical develops a next-generation implantable device for stress urinary incontinence (SUI), using a fascia-inspired polyurethane implant intended to improve safety and efficacy over existing pelvic health treatments.

FemTechHealthtechMedical Devices

Axial
Axial Orthopaedics Inc.

Modular intramedullary nailing system for trauma treatment offering flexible bone alignment.

Axialorthopaedicsaxialorthopaedics.com

Axial Orthopaedics is developing a multicomponent intramedullary nail system for fixation of complex long bone fractures, designed to allow intraoperative component selection to reduce complications such as limb malalignment and compartment syndrome.

HealthtechMedical Devices

Bilihomebilihome.org

Bilihome develops a wearable phototherapy device that integrates hospital-grade blue light jaundice treatment into a soft cotton romper, allowing newborns to be treated without incubators, eye masks, or separation from parents.

Digital HealthHardwareMedical DevicesArnhem, NL

Concord Neonatal

System allowing newborns to receive care with the umbilical cord intact until they breathe independently.

Concordneonatalconcordneonatal.com

Concord Neonatal develops the Concord Birth Flow and Concord Birth Trolley, medical devices that enable Physiological-Based Cord Clamping so newborns—especially premature babies needing breathing support—can stay connected to the placenta and mother during resuscitation.

HardwareHealthtechMedical Devices

Crainiocrainio.com
DiaphOne Therapeutics

Developing small molecule antagonists.

Diaphone Tx

Orally available small-molecule therapy targeting the RAGE/DIAPH1 pathway for metabolic and inflammatory conditions.

ESGwebsite-files.com
Exolvo

Early-stage drug delivery company.

Exolvo Biosciences

Smart capsule technology for oral drug delivery of large molecules like biologics; a collaboration between NLC and Verily (Google) Life Sciences.

Exolvobioexolvobio.com

Exolvo Biosciences develops an oral drug delivery technology using "smart capsules" with dissolvable microneedles for large, complex molecules such as biologics, aiming to replace injections.

BiotechDeep TechMedical Devices

Flash Pathology

Scanner providing immediate imaging of biopsy and surgical specimens to distinguish healthy tissue from tumors in real time.

Flashpathologyflashpathology.com
Foveo fertilityfoveofertility.com

Foveo Fertility develops a medical device to improve egg cell quality and IVF laboratory workflow, aimed at fertility clinics and IVF lab professionals.

FemTechHealthtechMedical Devices

Garland Surgical

MaltaHip hip replacement implant with four independent parts for enhanced mobility and reduced dislocation risk.

Garlandsurgicalgarlandsurgical.health

Garland Surgical develops the TriActiv Hip (formerly MaltaHip), a total hip replacement implant using a patented tri-axial design intended to improve mobility, stability, and durability while reducing revision surgeries.

HardwareHealthtechMedical DevicesWorcester, GB

Simon Mifsud(Founder & Group Chief Executive Officer)John Shapland(Chief Technology Officer)

Genoraregenorare.com
Haermonicshaermonics.com

Haermonics is a clinical-stage medtech company that developed the Haermonics Pure System, a continuous postoperative pericardial flush therapy designed to keep chest tubes clear and prevent bleeding-related complications after open-heart cardiac surgery.

HardwareHealthtechMedical DevicesEindhoven, NL

David R. Koolbergen(Inventor of the therapy; Congenital Cardiothoracic Surgeon)

Haptichearthapticheart.health

HapticHeart Solutions builds a device-agnostic system that converts biophysical and physiological signals from cardiac catheterization, electrophysiology, and robotic interventions into haptic feedback delivered to operators through a wearable interface and handle.

HardwareHealthtechMedical Devices

Hapticheart Solutions

Wearable device giving cardiologists tactile feedback during catheter-based cardiac procedures.

Hemeohemeo.health

Hemeo develops AI-based clinical decision support software that consolidates data from multiple sources to predict coagulation risks and personalize the prevention and treatment of bleeding and thrombosis.

AI & Machine LearningDigital HealthHealthtech

Implant Preservation Devices

Handheld induction device that heats implants to eliminate bacteria causing prosthetic joint infections.

Implant Preservation Devices Ipd
Innofuseinnofuse.nl
Ipdipd.health

Implant Preservation Devices (IPD) develops a non-contact induction implant heating technology to treat prosthetic joint and fracture-related infections by eradicating bacterial biofilms on orthopaedic implants.

BiotechHealthtechMedical Devices

Kaminari Medical

Catheter combining intravascular ultrasound and photoacoustic imaging (IVPA) for coronary artery disease treatment.

Kaminarimedicalkaminarimedical.com

Kaminari Medical develops intracoronary imaging technology to visualize plaque within arteries for the assessment of coronary artery disease and to support clinical decision-making.

HealthtechMedical Devices

Laminalamina.one

Lamina Therapeutics develops Lamina.One, a combined advanced therapy medicinal product for bone and cartilage regeneration that pairs a biodegradable polymeric membrane with hydroxyapatite and an autologous mesenchymal stem cell hydrogel to treat knee osteoarthritis and orthopaedic, maxillofacial, and periodontal conditions.

BiotechHealthtechMedical DevicesStrasbourg, FR

Nadia Benkirane-Jessel(Founder)Stephan Lemmens(CEO)

Larynxlocklarynxlock.com

LarynxLock is a medical device that reduces air leakage from supraglottal airway devices by applying external upward pressure to the soft tissue at the base of the mouth to restore internal anatomy.

HardwareHealthtechMedical DevicesMaastricht, NL

Ledgyledgy.comin𝕏

Ledgy is a platform for managing non-cash compensation, including equity, deferred compensation, carried interest, pensions, and savings, with features for share plan administration, vesting schedules, cross-jurisdiction compliance reporting, and employee-facing dashboards.

FintechHR TechSaaS

Armon Bättig(Founder)inYoko Spirig(Founder)in

Liftyaliftya.health
Loresaloresa.health

Loresa Health develops low-cost surgical aids for emerging markets, including RAIS, a retractor that enables gasless laparoscopy without CO2 insufflation or general anesthesia.

HardwareImpact & Social GoodMedical Devices

Lumabslumabs.com

LUMABS BV develops RAPPID, a one-step mix-and-measure antibody detection technology for rapid, sensitive quantification of antibodies or antigens such as therapeutic drugs directly in biological samples including blood.

BiotechMedical Devices

Mindaffectmindaffect.nl

MindAffect develops objective sensory assessment tools that use EEG-based brain-computer interface technology to measure neurological responses to sound and visual stimuli, enabling hearing and vision testing without requiring verbal or physical patient responses.

AI & Machine LearningHealthtechMedical Devices

Mir Therapeutics

Gene therapy delivering microRNA-335 via AAV9 viral vector for drug-resistant epilepsy.

Mla Diagnostics

Methylation-based test for personalized melanoma malignancy measurement and prognosis.

Mladxmladx.com

MLA Diagnostics develops prognostic tests for early-stage melanoma, using clinically relevant methylation markers to support treatment decisions.

BiotechDigital HealthMedical DevicesMaastricht, NL

Nc Biomatrix

Injectable bio-inductive protein extract from porcine notochordal biomatrix to treat degenerated intervertebral discs.

Ncbiomatrixncbiomatrix.com

NC Biomatrix develops a non-cellular, non-opioid biologic therapy designed to trigger the body's natural regenerative mechanisms in cartilage tissue.

BiotechHealthtechMedical Devices

Neurodys Therapeutics

Developing small molecule therapies for neurodegenerative diseases.

Neurolieve Biosciences

NLV-01, a first-in-class non-opioid GalR2 agonist for peripheral neuropathy offering pain relief and nerve regeneration.

Nicolabnicolab.comin

Nicolab builds StrokeViewer, an AI-powered, cloud-based platform for acute care teams that speeds up stroke triage by giving physicians fast access to DICOM imaging, patient timelines, and secure messaging across hospitals.

AI & Machine LearningDigital HealthMedical Devices

Merel Boers(Co-Founder)

Nilocasnilocas.com

Nilocas is developing a non-invasive medical device—a chest patch using microphones and accelerometers—that detects Coronary Heart Disease by capturing the sound of turbulent blood flow through narrowed arteries.

Digital HealthHardwareMedical Devices

Occlunovaocclunova.com

Frequently asked questions

What stage does NLC invest at?
NLC invests at the Pre-Seed, Seed stages.
What sectors does NLC focus on?
NLC focuses on Biotech, Digital Health, Healthtech, Impact & Social Good, Longevity, Medical Devices.
Where is NLC located?
NLC is headquartered in Amsterdam, NL.

Media · Podcasts & interviews

featuring the team

Bert-Arjan Millenaar on NLC Health | Building 85+ HealthTech Startups & Crowdfunding Innovation

Odelle Technology · Bert-Arjan Millenaar

#115: Founder/CEO NLC Bert-Arjan Millenaar: How can we make more medical innovations profitable?

De Nieuwe Wereld · Bert-Arjan Millenaar

Images

NLC photoNLC photoNLC photo

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