[2] NLVC was founded in 2005 by Feng Deng, Jeffrey Lee and Yan Ke.

[3][4][5][6][7][8] Feng Deng and Yan Ke were previously co-founders of NetScreen Technologies, an IT Security company that went public on Nasdaq in 2001 and was later acquired by Juniper Networks in 2004 for $4.2 billion.

[3][5][7][8][9] New Enterprise Associates and Min Zhu (co-founder of WebEx) were initial backers of the firm when it was raising its first fund.

[5][6] Notable investments include Aerohive Networks,[5][6] Meituan[5][6] and VIPKid.

[6] NLVC has offices in Silicon Valley, Hong Kong and several cities in China including, Beijing, Shanghai.