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New Leaf Venture Partners (NLVP) is a venture capital firm founded in 2005 and headquartered in New York City. The firm originated from the healthcare investment team of Sprout Group, establishing itself as a credible player in the healthcare investment space. NLVP has over $1 billion in assets under management (AUM) and has invested more than $2 billion across 150+ companies throughout its history.
NLVP has achieved significant milestones, including 38 public exits and the creation of 18 unicorns. The firm operates with a dual-vehicle structure, managing both a core venture fund and a growth-stage fund, which allows it to support companies at various stages of development. This sophisticated approach enhances its ability to back innovative healthcare solutions.
New Leaf Venture Partners specializes in healthcare investments, focusing on sectors such as biotechnology, pharmaceuticals, medical devices, and healthcare services. The firm targets companies that are innovating and transforming healthcare delivery and outcomes. NLVP invests across various stages, from early venture to growth and public offerings, emphasizing disruptive technologies that can revolutionize the healthcare system.
The firm seeks visionary teams that are at the forefront of biology and innovation. NLVP's investment strategy is designed to support businesses that develop clinically significant and commercially viable healthcare solutions, aligning with its mission to advance healthcare through innovation.
New Leaf Venture Partners has a diverse portfolio of companies in the healthcare sector. Notable portfolio companies include:
These companies represent NLVP's commitment to investing in transformative healthcare technologies that enhance patient outcomes and healthcare delivery.
Ron Hunt: Co-Founder and Managing Director at NLVP, Ron has extensive experience in healthcare investments and has been instrumental in the firm's growth since its inception.
Vijay Lathi: Co-Founder and Managing Director, Vijay brings a wealth of knowledge in healthcare venture capital and has played a key role in shaping NLVP's investment strategy.
Craig Slutzkin: Chief Operating Officer and Chief Financial Officer, Craig oversees the firm's operations and financial management, ensuring efficient fund deployment.
Anthony Ford: Senior Advisor, Anthony provides strategic insights and guidance to the firm, leveraging his extensive network in the healthcare industry.
Founders can pitch New Leaf Venture Partners through their website. It is recommended to include a comprehensive business plan and a clear explanation of the innovative aspects of the healthcare solution.
New Leaf Venture Partners is involved in the NY Digital Health Accelerator, which supports digital health startups by providing mentorship, resources, and access to a network of industry experts. This program aims to foster innovation in the digital health space and help startups scale effectively.
As of March 2026, New Leaf Venture Partners continues to be active in the healthcare investment space, maintaining a strong portfolio and supporting innovative companies. The firm has not announced any new funds recently, indicating a possible focus on deploying existing capital.
NLVP's commitment to advancing healthcare through investment remains evident, as it continues to seek out transformative solutions that enhance healthcare delivery and outcomes.
What are New Leaf Venture Partners' investment criteria?
NLVP focuses exclusively on healthcare-related companies, targeting sectors such as biotechnology, pharmaceuticals, medical devices, and healthcare services. The firm invests in companies at various stages, from early venture to growth and public offerings.
How can I pitch New Leaf Venture Partners?
Founders can pitch NLVP through their website. It is advisable to include a detailed business plan, highlighting the innovative aspects of the healthcare solution and the team's expertise.
What makes New Leaf Venture Partners different from other VCs?
NLVP's specialization in healthcare and its dual-vehicle structure for venture and growth investments set it apart. The firm has a strong track record, including 38 public exits and 18 unicorns, demonstrating its ability to identify and support successful healthcare companies.
What is the geographic scope of New Leaf Venture Partners?
NLVP primarily invests in companies based in the United States, focusing on innovative healthcare solutions that can have a significant impact on the industry.
What kind of post-investment involvement does NLVP have?
NLVP actively engages with its portfolio companies, providing operational support, strategic guidance, and access to its extensive network within the healthcare sector.
What is the typical check size for investments made by NLVP?
While specific check sizes are not disclosed, NLVP invests across various stages, indicating flexibility in funding amounts based on the company's needs and growth potential.
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