About NGP Capital
NGP Capital is a venture capital firm founded in 2005. It is primarily based out of Palo Alto, United States. As of Mar 2026, NGP Capital is an active investor, having invested in 125 companies, with 1 new investment in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series C round of Xona Space Systems Overall, NGP Capital portfolio has seen 8 unicorns, 15 IPOs and 43 acquisitions including key companies like Deliveroo, Lime and Shadowfax. A lot of funds co-invest with NGP Capital, with names like Qualcomm Ventures sharing a substantial percentage of its portfolio. NGP Capital has team of 27 people including 11 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series C & 7 more
Portfolio Acquisitions
Deals in last 12 months
NGP Capital's List of Top Investments
NGP Capital has a portfolio of 125 companies, including 8 unicorns. Their most notable investments are in Skylo and NetBox Labs.Their portfolio spans across United States, China, India and 14 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 26 other sectors, across stages such as Series B, Series C and 7 more. Here is the list of top investments by NGP Capital:
1. Deliveroo
Operator of an online marketplace connecting consumers with local merchants. This platform facilitates the delivery of prepared meals, groceries, and retail products from various vendors to residential and commercial addresses. Logistics technology coordinates the movement of goods between suppliers and recipients. The service manages the fulfillment process to ensure items are transported from the point of sale to the final destination.
Key facts about Deliveroo
- Founded Year: 2013
- Location: London (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $2.95B
- Employee Count: 11,597 as on Jul 31, 2026
- Investors: Colt Ventures, T. Rowe Price and 130 Others
- Latest Funding Round: Post IPO, Jun 15, 2021, $*****
- Highlight: Acquired
2. Lime
App-based rental platform providing self-drive electric kick-scooter. The platform enables users to find the nearest available scooter and start the ride by scanning their QR code or access code. Users should provide rider details, payment details, location, and more for book the scooter. It offers features like variant payment options, and more. At the end of the ride, users can park the vehicle at their legal locations. Their mobile app is available for Android and iOS devices
Key facts about Lime
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $1.71B
- Employee Count: 2,761 as on Jul 31, 2026
- Investors: Meritech, Star Tech NG and 99 Others
- Latest Funding Round: Series D, Jul 04, 2022, $*****
- Highlight: Public
3. Shadowfax
Logistics solutions for express deliveries. It offers services, including same-day delivery, next-day delivery, and instant delivery. It provides solutions for e-commerce, D2C businesses, SMEs, and personal courier needs. It also offers technology-driven tools for route optimization and fraud detection. It also provides intercity parcel delivery, reverse logistics, same-day and next-day delivery options, and fulfillment services.
Key facts about Shadowfax
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $247M
- Employee Count: 3,545 as on Mar 31, 2025
- Investors: Qualcomm Ventures, Innoven Capital and 32 Others
- Latest Funding Round: Series F, Jan 28, 2025, $*****
- Highlight: Public
4. Gitlab
Provider of a platform for software development, security, and delivery. The platform facilitates planning, source code management, and continuous integration and delivery. It offers application security testing, software supply chain security, and software compliance features. The platform supports various industries, including financial services, public sector, and telecommunications.
Key facts about Gitlab
- Founded Year: 2011
- Location: San Francisco (United States)
- Annual Revenue: $500M - $1B as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $435M
- Employee Count: 3,473 as on May 31, 2026
- Investors: ADS Ventures, August Capital and 50 Others
- Latest Funding Round: Post IPO, Sep 16, 2022, $*****
- Highlight: Public
5. GetYourGuide
App-based platform to book outdoor tours and activities. It aggregates and categorizes tours and activities with price coupons, last-minute deals, and regular packages from tour operators. Travelers can discover tours by providing their travel destination & dates on the platform. It allows users to manage their bookings and payments. Its app is available across iOS and Android devices.
Key facts about GetYourGuide
- Founded Year: 2009
- Location: Berlin (Germany)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $878M
- Employee Count: 1,410 as on Feb 28, 2026
- Investors: BNP Paribas, Koehler Group and 39 Others
- Latest Funding Round: Conventional Debt, Jun 01, 2023, $*****
- Highlight: Editors' Pick
NGP Capital's Year-on-Year Investment Trends
NGP Capital has invested in 125 companies over the last 21 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in SCINTIL Photonics and most recent follow-on round was in Xona Space Systems.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 5 | 4 | 9 |
2024 | 6 | 3 | 9 |
2023 | 3 | 0 | 3 |
2022 | 9 | 4 | 13 |
2021 | 4 | 8 | 12 |
2020 | 3 | 3 | 6 |
2019 | 5 | 3 | 8 |
2018 | 11 | 2 | 13 |
2017 | 3 | 3 | 6 |
NGP Capital's Investments by Stage
NGP Capital has made 43 investments in Series B stage with an average round size of $27.9M, 28 investments in Series C stage with an average round size of $34M and 21 investments in Series A stage with an average round size of $9.31M.Stage of entry | No. of Investments |
|---|---|
Series B | 43 |
Series C | 28 |
Series A | 21 |
Series D | 9 |
Seed | 4 |
Others | 6 |
Note: We have considered here, only first round of investments
NGP Capital's Investments by Sector
NGP Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Enterprise Infrastructure and Retail. Notably, it has invested in 114 Tech companies, 87 Enterprise (B2B) companies, 76 Software companies and at least 43 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 56 |
High Tech | 29 |
Consumer | 27 |
Enterprise Infrastructure | 22 |
Retail | 17 |
Others | 132 |
Note: We have considered here, only first round of investments
NGP Capital's Investments by Geography
NGP Capital has made most investments in United States (52), followed by China where it has made 16 investments.Country | No. of Investments |
|---|---|
United States | 52 |
China | 16 |
India | 11 |
Germany | 8 |
Israel | 5 |
Others | 19 |
Note: We have considered here, only first round of investments
NGP Capital's recent investments
NGP Capital has made 2 investments in 2026 so far - Xona Space Systems and ArmorCode.Here are the most recent investments by NGP Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 24, 2026 | United States | Series C | 2525 | [+5] | |
Mar 03, 2026 | United States | Series B | 9527 | [+6] | |
Sep 16, 2025 | United States | Series G | 5936 | [+7] | |
Sep 09, 2025 | France | Series B | 1435 | ||
Jun 27, 2025 | United States | Series B | 3657 | [+7] |
Unicorns in NGP Capital's Portfolio
NGP Capital has 8 unicorns in its portfolio - EGYM, Zum, Immuta and others. The most recent unicorn in their portfolio is EGYM. It became a unicorn in 2024, 5 years after NGP Capital first invested in it.Here is a list of unicorns in NGP Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Provider of smart exercising equipment and mobile-based app for trainers and individuals | 2010 | Munich | Series G | {wbyatv | ||
74 | Digital platform connects students, drivers, and school districts to create a mobility experience | 2014 | Redwood City | Series F | xllmwri | ||
63 | Data access governance and data marketplace platform | 2015 | Boston | Series E | uzpsqyt | ||
66 | Hardware mining solutions for cryptocurrency | 2006 | San Francisco | Series D | oovnyvu | ||
77 | Developer of smart data capture platform for various industry applications | 2009 | Zurich | Series D | uqmlqwf |
IPOs and Publicly Listed companies in NGP Capital's Portfolio
15 of NGP Capital's portfolio companies have become public. Lime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2026 at marketcap of $1.6B and Shadowfax got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $782M.Here are NGP Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 01, 2026 | Feb 15, 2018 | Series B | 4035 | |
Jan 28, 2026 | Aug 07, 2018 | Series C | 7665 | |
Dec 29, 2023 | May 04, 2015 | Series B | 9164 | |
Oct 14, 2021 | Apr 11, 2022 | Post IPO | 8303 | |
Jul 21, 2021 | Feb 11, 2014 | Series C | 4227 |
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Acquired companies in NGP Capital's Portfolio
43 companies from NGP Capital's portfolio have been acquired. The most recent acquisition was Intermedia in Mar 2026 by 26North for $*****.Here are NGP Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 31, 2026 | Apr 17, 2012 | PE | 9709 | |
Feb 06, 2026 | Dec 17, 2015 | Series C | 7180 | |
Jul 28, 2025 | Jan 30, 2015 | Series B | 3925 | |
May 06, 2025 | Aug 05, 2016 | Series E | 6096 | |
Dec 19, 2024 | Aug 11, 2020 | Series C | 8856 |
Team profile of NGP Capital
NGP Capital has a team of 27 members including 11 Partners and 7 Principals located in United States, Finland and 3 more locations. NGP Capital's team sits on the board of 2 companies.Here is a list of top team members in NGP Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berlin | - | ||
Partner | Palo Alto | SecurityScorecard, Netmagic Solutions and 1 more | ||
Partner | Palo Alto | - | ||
Partner | Palo Alto | - | ||
Partner | Helsinki | - | ||
Partner | Bern | - | ||
Partner | - | - | ||
Partner | Beijing | - | ||
Partner | Helsinki | - | ||
Partner | Pleasanton | - | - |
Co-investors of NGP Capital
Over the past 21 years, 919 investors have co-invested in NGP Capital's portfolio companies. This includes funds and angels.
- Invested before NGP Capital: August Capital, Google Ventures and 442 others have invested in rounds before NGP Capital. There are 7 companies where August Capital has invested before NGP Capital and 5 companies where Google Ventures has invested before NGP Capital.
- Top Co-investors of NGP Capital: 201 investors entered a company along with NGP Capital. These include investors like Qualcomm Ventures (5 companies).
- Invested after NGP Capital: A total of 274 investors have invested in NGP Capital's portfolio after their investments. Top Investors include Europa (4 companies), Trifecta Capital (3 companies) and SoftBank Vision Fund (3 companies).
Recent News related to NGP Capital
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PhysicsX Raises $300M to Transform Engineering With AIVentureburn•Jun 08, 2026•PhysicsX, July Fund, NGP Capital, Siemens and 4 others
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Xona Space Secures $170M Investment for Satellite Navigation SystemSiliconAngle•Mar 27, 2026•IconiQ, Xona Space Systems, Samsung NEXT, Covington & Burling and 7 others
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ArmorCode Raises $16M in New Strategic Funding RoundMassinvestor•Mar 03, 2026•ArmorCode, Cheyenne Ventures, Highland Capital Management, Ballistic Ventures and 5 others
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ArmorCode Doubles Growth, Boosts AI Security Governance with New Funding and Board AppointmentBusiness Wire•Mar 03, 2026•ArmorCode, Highland Capital Management, Ballistic Ventures, Harmonic and 5 others
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X-energy Closes Oversubscribed $700 Million Series D Financing Round to Continue Expansion to Meet Global Energy DemandBusiness Wire•Nov 24, 2025•X Energy, Jane Street, ARK Investment Management, Ares Management and 12 others
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Energy Exchange ElectronX Raises $30M Series A RoundYahoo•Nov 14, 2025•ElectronX, Gtsx, Five Rings Capital, NGP and 8 others
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WorkFusion Raises $45M in FundingFinSMEs•Sep 16, 2025•Declaration Partners, Georgian, Teralys Capital, NGP Capital and 5 others
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French startup Scintil Photonics raises €50 million to scale integrated photonics for AI factoriesEU-Startups•Sep 09, 2025•AVITIC, Robert Bosch Venture Capital, Yotta Capital Partners, SCINTIL Photonics and 7 others
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Scintil Photonics Raises $58M to Scale Integrated Photonics for AI FactoriesFinancial Post•Sep 09, 2025•Yotta Capital Partners, SCINTIL Photonics, NGP Capital, Nvidia and 6 others
