NGP Capital backs early-stage B2B companies from Series A onwards in Europe, the US, Israel, and China within enterprise software, industrial tech, cybersecurity, and infrastructure. Through its $400m fifth fund launched in 2022, NGP Capital invests in companies driving the convergence of the physical and virtual. Founded in 2005, NGP Capital has over $1.6B in AUM and has invested in more than 100 companies of which 18 became unicorns and 11 went on to IPO. Some of the companies NGP has backed include Lime, Scandit, Deliveroo, Clue, SecurityScorecard, and many others.