We back early-stage B2B companies from Series A onwards in Europe and the US, focusing on enterprise software, industrial technology, cybersecurity, and edge & data infrastructure — sectors at the forefront of the convergence of the digital and physical worlds. Since our founding in 2005, we’ve grown to over $1.6B in AUM and have invested in more than 100 companies, including 18 unicorns and 11 IPOs. Our current portfolio includes ANYbotics, GrayMatter Robotics, The Exploration Company, Lime, GetYourGuide & SecurityScorecard, while our exits include Deliveroo, Xiaomi, Moovit, Kaltura, and many more.
External link for NGP Capital
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Last week in Berlin, we hosted another 𝗔𝗿𝘁 𝘅 𝗩𝗖 evening, bringing founders, investors, operators and artists into the same room and turning the space into something a little more alive. Big thanks to everyone who joined, and especially to the artists who filled the room with energy, perspective, and a bit of magic ✨ 📸 Creds: Kateryna Myronenko cc: Elena Marchesi Christian Noske
🎉 Today, we’re excited to celebrate Xona on its Series C announcement! Xona is building the next generation of global navigation infrastructure -delivering stronger, more resilient, high-precision positioning at scale. We’ve had a front-row seat to the team’s progress, from early conviction to now scaling toward global deployment. What the team is building has the potential to become foundational to how modern systems operate globally. Proud to be on this journey with Brian Manning, Tyler Reid, and the entire Xona team. 🔗 Xona’s Series C announcement: https://lnkd.in/ey_wFUfz 🔗 Our updated Why We Invested: https://lnkd.in/gpJYKNsm
Proof on orbit + means of deployment. Over the past several years, Pulsar has moved from theory to real capability in space, achieving world-firsts in regulatory approvals and cryptography, setting records as the most powerful navigation signals ever broadcast, and proving precision positioning can reach existing GPS devices. Our $170M in Series C funding coincides with the beginning of scaled manufacturing at our new Burlingame facility to launch our entire constellation over the coming years. Read our CEO Brian Manning’s note in the comments.
𝗪𝗶𝗻𝗻𝗶𝗻𝗴 𝗮𝘁 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗔𝗜: 𝗔 𝗙𝗼𝘂𝗻𝗱𝗲𝗿’𝘀 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸 In the latest episode of 𝗗𝗲𝗲𝗽𝗧𝗲𝗰𝗵 𝗨𝗻𝗹𝗲𝗮𝘀𝗵𝗲𝗱, Igor Marinelli, founder and CEO of TRACTIAN, sits down with Debjit Mukerji, one of his earliest backers, to explore the future of physical AI and share the playbook that has fueled Tractian’s rise to being one of North America’s fastest-growing tech companies. As you’d expect from one of the most outspoken and free-thinking founders, the conversation was packed with fresh insights and unconventional strategies. Including: 🟣 𝗧𝗵𝗲 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗯𝗲 𝗽𝗿𝗲𝘀𝗲𝗻𝘁 𝗲𝘃𝗲𝗿𝘆𝘄𝗵𝗲𝗿𝗲 𝗮𝗻𝗱 𝗼𝘄𝗻 𝘁𝗵𝗲 𝗵𝘂𝗺𝗮𝗻 𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻 🟣 𝗪𝗵𝘆 𝗺𝗮𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗼𝗳 𝗺𝗲𝘀𝘀𝘆 𝗮𝗻𝗱 𝘂𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱 𝗿𝗲𝗮𝗹-𝘄𝗼𝗿𝗹𝗱 𝗱𝗮𝘁𝗮 𝗶𝘀 𝘁𝗵𝗲 𝘂𝗹𝘁𝗶𝗺𝗮𝘁𝗲 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲 𝗶𝗻 𝗽𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗔𝗜 🟣 𝗧𝗿𝗮𝗰𝘁𝗶𝗮𝗻’𝘀 𝗼𝗻𝗲-𝗼𝗳-𝗮-𝗸𝗶𝗻𝗱 𝗽𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗔𝗜 𝘁𝗲𝘀𝘁𝗶𝗻𝗴 𝗹𝗮𝗯 🟣 𝗦𝗶𝗱𝗲𝘀𝘁𝗲𝗽𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝘁𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗳𝗼𝘂𝗻𝗱𝗲𝗿’𝘀 𝗰𝘂𝗿𝘀𝗲 🟣 𝗪𝗵𝘆 𝗼𝗽𝘁𝗶𝗺𝗶𝘇𝗶𝗻𝗴 𝗳𝗼𝗿 𝗽𝗲𝗼𝗽𝗹𝗲 𝗿𝗮𝘁𝗵𝗲𝗿 𝘁𝗵𝗮𝗻 𝗳𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴 𝘁𝗲𝗿𝗺𝘀 𝗶𝘀 𝗮 “𝗹𝗶𝗳𝗲 𝗮𝗻𝗱 𝗱𝗲𝗮𝘁𝗵” 𝗶𝘀𝘀𝘂𝗲 𝗳𝗼𝗿 𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀 🟣 𝗧𝗵𝗲 𝗽𝗼𝘄𝗲𝗿 𝗼𝗳 𝗶𝗴𝗻𝗼𝗿𝗮𝗻𝗰𝗲 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂’𝗿𝗲 𝘀𝘁𝗮𝗿𝘁𝗶𝗻𝗴 𝗼𝘂𝘁 🟣 𝗧𝗵𝗲 𝟱-𝗺𝗶𝗻𝘂𝘁𝗲 𝗵𝗶𝗿𝗶𝗻𝗴 𝘁𝗲𝘀𝘁 𝗳𝗼𝗿 𝘀𝗮𝗹𝗲𝘀 The physical AI revolution is already here, and if you’re interested in how it will be won and lost, you can… 🎧 Listen here: https://lnkd.in/ef5UiVb4 🎬 Watch here: https://lnkd.in/gzNyQe22 #DeepTech #DeepTechUnleashed #PhysicalAI #IndustrialInnovation #FoundersPlaybook #VentureCapital #Manufacturing
𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗶𝗻 𝗱𝗲𝗲𝗽 𝘁𝗲𝗰𝗵? Come and say hi to our investors Tori Orr and Sanni Stjernberg (née Vilmi) next week! 🇺🇸 Tori is heading to NVIDIA GTC, the premier global AI conference bringing together 30,000+ attendees to explore how AI is becoming essential infrastructure for a new industrial era. Areas she is excited about: 🤖 Physical AI & Robotics 🏭 Manufacturing & Industrial Tech 🇨🇭 Sanni will join START Summit, Europe’s leading early-stage startup conference with 7,000+ founders, investors, and operators shaping Europe’s next wave of innovation. Areas she is excited about: 🏭 Industrial Tech & Robotics ⚙️ Enterprise AI & Data Infrastructure If you're building or investing in any of these spaces, drop them a message 📩 #StartSummit2026 #NVIDIAGTC #DeepTech #Innovation
Excited to see our portfolio company Skylo continuing to scale their global team as they build the future of satellite-based connectivity. If you're excited about working at the intersection of space, wireless, and cloud infrastructure, take a look at the open roles below ⤵️
Skylo is hiring: Join us in making the next breakthrough in NTN. 🛰️ At Skylo, we aren’t just connecting to satellites—we’re building the Standardized Sky. Our vision is to make satellites behave like a seamless part of the global mobile network. By turning satellites into "cell towers in space," we’ve created an invisible extension of the mobile networks we use every day. Through 3GPP standards and deep core network integration, we ensure "make-before-break" mobility across smartphones, wearables, cars, and IoT devices. With partners like Google, Verizon, and Deutsche Telekom, we are already live and scaling across 14M+ devices and 37 countries. We aren't just solving for emergencies; we are building the new global infrastructure to deliver a seamless customer experience. 🚀 Why Skylo? We’re a mission-driven team across the US, Finland, and India, scaling a software-defined network that bridges the gap between terrestrial and space. 🔍 We’re Hiring Across Deep Tech: 🔸 Wireless Systems & RAN Engineering (NR-NTN / 5G-NR) 🔸 Network Architecture & Integration (Core network & mobility) 🔸 Cloud & Infrastructure (Cloud-native global ops) 🔸 Space Mission & RF Engineering (D2D payloads) 🔸 Product & Ecosystem (Chipsets & OS orchestration) 👉 Explore all open roles: https://lnkd.in/epc7kyQM #Skylo #DirectToDevice #StandardizedSky #NTN #Hiring
March is Women’s History Month and we’re proud to celebrate the women who power NGP Capital across three continents 🌍 This year, we’re excited to highlight the women on our team, contributing across investments, finance, marketing, portfolio support, and fund administration. As we reflect on International Women’s Day, we honor the social, economic, cultural, and political achievements of women, and we continue to champion women’s contributions in venture capital and beyond!
Quantum computing is perhaps the most consequential technology of our time—but it is also, arguably, the most over-hyped. So... How do we bridge the gap between "science fiction" and "commercial reality"? In the latest episode of DeepTech Unleashed, Christian Noske sits down with Peter Leek, Founder and CSO of Oxford Quantum Circuits (OQC), to unpick the binary of the quantum industry. Peter has spent over 20 years as a scientist and dreamer, moving from the lab to leading a company that has now deployed three generations of quantum computers into data centers across the UK, Japan, Spain, and the US. In this episode, we dive deep into: 🟣 The Scalability Bottleneck: How OQC’s innovative 3D circuit integration is solving the "wiring challenge" that holds back traditional quantum processors. 🟣 Hype vs. Reality: Why balancing scientific excitement with pragmatic commercial expectations is the hardest job for a deep tech founder. 🟣 The Logical Era: What it will take to reach the first "useful" quantum applications by the end of this decade. 🟣 Founding Dynamics: Peter’s journey from a career academic to a founder, and the importance of building a leadership team with complementary skills. If you are building in deep tech or curious about the future of high-performance computing, this is a must-listen. 🎧 Listen to the episode in full here: https://lnkd.in/ef5UiVb4
𝗧𝗵𝗲 𝗿𝗮𝗰𝗲 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝘁𝗵𝗲 𝗿𝗼𝗯𝗼𝘁𝗶𝗰 𝗯𝗿𝗮𝗶𝗻 𝗶𝘀 𝗼𝗻 🔥 In our earlier blog on cognitive robotics, we covered why robots are finally out of their cages. Today we're going deeper, diving into the full AI stack that makes it all possible, where the strategic bets diverge, and what it'll take to reach robotics' "ChatGPT moment". 𝗪𝗵𝗮𝘁'𝘀 𝗰𝗵𝗮𝗻𝗴𝗲𝗱? ⚙️ 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 > 𝗵𝗮𝗿𝗱𝘄𝗮𝗿𝗲: The center of gravity has shifted. Foundation models, autonomy stacks, and data pipelines now define what a robot can do. 🎯 𝗧𝗵𝗲 𝗹𝗮𝘀𝘁 𝟱% 𝗶𝘀 𝘁𝗵𝗲 𝗵𝗮𝗿𝗱𝗲𝘀𝘁: Turning lab breakthroughs into reliable, deployable systems—the bridge between simulation and the real world—is where most companies struggle. 𝗪𝗵𝐨’𝐬 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐨𝐛𝐨𝐭’𝐬 𝐛𝐫𝐚𝐢𝐧? We mapped some of the key players building across the data, autonomy, and foundation model layers 👇 Check out the full article by Christian Noske and Sanni Stjernberg (née Vilmi) [🔗 in the comments]
⚛️ 𝐇𝐨𝐰 𝐝𝐨 𝐲𝐨𝐮 𝐢𝐧𝐬𝐩𝐞𝐜𝐭 𝐚 𝐦𝐢𝐜𝐫𝐨𝐜𝐡𝐢𝐩 𝐚𝐭 𝐭𝐡𝐞 𝐚𝐭𝐨𝐦𝐢𝐜 𝐬𝐜𝐚𝐥𝐞 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐝𝐞𝐬𝐭𝐫𝐨𝐲𝐢𝐧𝐠 𝐢𝐭? In the latest episode of DeepTech Unleashed, our podcast for the founders, from the founders Christian Noske sits down with Hamed Sadeghian, Co-Founder and CEO of Nearfield Instruments. Based in the Netherlands, Nearfield is revolutionising the semiconductor industry by solving one of its most critical manufacturing bottlenecks: non-destructive, nanoscale metrology for advanced chips. Fresh from a €135 million Series C round, Hamed shares Nearfield’s journey from promising spin-off to global player. Key insights from this episode include: 🟣 Customer obsession – Creating a mindset based on solving customer “pain” rather than how “cool” your tech is. 🟣 Scaling amongst the “gorillas” – How to grow in an industry dominated by a handful of “gorilla” customers and incumbents. 🟣 Building a talent pipeline – How to create future team members when the expertise you need isn’t currently available. 🟣 What’s next – Why the transition towards quantum and hybrid silicon–photonics will define the next frontier in semiconductors. 🎧 Listen to the full episode here: https://lnkd.in/ef5UiVb4
Congratulations to Adam Famularo and the entire WorkFusion team on joining UiPath 🎉 WorkFusion’s AI agents have been helping banks automate tough AML, KYC, and sanctions work while keeping humans in the loop. Bringing this together with UiPath’s agentic automation platform is a powerful combo for financial crime compliance. We’ve been proud to back the company since 2015 and excited for what’s ahead. 🙌
AI agents meet financial crime compliance. 🤝 UiPath welcomes WorkFusion to the team to accelerate innovation in compliance & strengthen our vertical solutions—bringing smarter automation to customer screening and investigations at scale: http://spr.ly/6043hKPu1