Our Portfolio
Backing the most inventive deep tech and AI IP companies at the seed stage.
Investments in Foundational Technology
Every company in our portfolio shares a common thread: proprietary intellectual property that creates durable competitive advantage in a market of significant and growing importance.
Companies We Back
Detailed information on each of our portfolio investments, including investment amount, thesis, and current status.
How We Select Portfolio Companies
Every NL Patent AI Capital investment begins with a rigorous assessment of the company's intellectual property landscape. We evaluate the breadth, depth, and defensibility of the existing patent portfolio alongside the pipeline of pending applications and trade secret assets. We are particularly interested in IP that covers enabling layers of technology — the foundational inventions that subsequent applications depend upon.
Beyond IP analysis, we assess the founding team's ability to continue generating novel IP as the company scales. The best deep tech companies are not static IP holders — they are continuously innovating, filing new patents, and extending their technical moats as the competitive landscape evolves.
Finally, we evaluate the commercial pathway for the IP — whether through direct product commercialization, licensing, or the creation of a market-defining platform that creates network effects around the patent portfolio.
Building Something at the IP Frontier?
We are actively seeking our next portfolio investment. If you are a founder working on breakthrough AI or deep tech IP, we want to hear your story.