Infrastructure & CloudClimate & EnergyMobility & TransportationCybersecurityEnterprise SoftwareData & AnalyticsManufacturingDefense & Space
NGP Capital is a global, thesis-driven venture capital firm that invests in growth-stage B2B technology companies. Their focus areas include intelligent enterprise, smart mobility, mobile technologies, enterprise software, industrial tech, cybersecurity, and infrastructure, with a strategy centered on the convergence of the physical and digital worlds.
Deal activity decreased year-over-year (8 deals in the last 12 months vs 12 prior). Average disclosed round size is $108.8M (across 47 rounds with reported amounts).
Portfolio
50
Fund Size
$1.6B
Top Stage
Series B
Last 12 Mo
8
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
50 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Xona | Series C | $170M | Mar 2026 |
 X-energy | Series D | $700M | Nov 2025 |
 PhysicsX | Series B | $155M | Nov 2025 |
 ElectronX | Series A | $30M | Nov 2025 |
 EV Realty | Unknown | — | Nov 2025 |
| Xona | Series B | $92M | Jun 2025 |
| PhysicsX | Series B | $117.3M | Jun 2025 |
 Impossible Cloud Network | Unknown | — | May 2025 |
 Skylo Technologies | Unknown | $30M | Feb 2025 |
 Ati Motors | Series B | $20M | Jan 2025 |
 ANYbotics | Series C | $60M | Dec 2024 |
| TTractian Technologies Inc. | Series C | $120M | Dec 2024 |
 Tractian | Series C | $120M | Dec 2024 |
 The Exploration Company | Series B | $160M | Nov 2024 |
| X-energy | Series C | $500M | Oct 2024 |
 Dandelion Energy | Series C | $40M | Sep 2024 |
| CCloverleaf Infrastructure | Growth | $300M | Jul 2024 |
| XXona Space | Series A | $19M | May 2024 |
 Xona Space Systems | Series A | $19M | May 2024 |
| NNIL Technology | Unknown | $31M | May 2024 |
 Daedalus | Series A | $21M | Feb 2024 |
 ArmorCode | Series B | $40M | Dec 2023 |
| PhysicsX | Series A | $32M | Nov 2023 |
| IInfinitum | Series E | $185M | Nov 2023 |
 Orennia Inc. | Series B | $25M | Jul 2023 |
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Top Co-Investors
GV (Google Ventures)6 shared
General Catalyst5 shared
Spark Capital4 shared
Atomico4 shared
Swisscom Venture3 shared
Walden Catalyst3 shared
Citadel3 shared
University of Michigan3 shared
Future Fund3 shared
Seraphim Space3 shared
Industrious3 shared
Sequoia Capital3 shared
Standard Investments3 shared
Radius Capital3 shared
KKR3 shared
Highland Europe3 shared
Canvas Ventures3 shared
AXA Venture Partners3 shared
Workday3 shared
G2VP3 shared
Last updated: 12 April 2026