How large is ND Capital and what is its track record?

Updated

ND Capital (formerly NanoDimension) reports more than $800 million in assets under management (AUM) across multiple funds. It was founded in 2002 and invests in disruptive technologies across the life, physical, and data sciences, with teams in Silicon Valley, Switzerland, and the Cayman Islands. The firm's public site presents its portfolio and a large alumni list, but it does not publish fund-by-fund returns or exit values, so size and longevity are the verifiable facts while performance figures are not.

Scale and structure at a glance

Dimension What the site states
Assets under management >$800M across multiple funds
Founded 2002 (as NanoDimension)
Investment focus Disruptive technologies spanning life, physical, and data sciences
Geographic reach United States and Europe
Team locations Silicon Valley, Switzerland, Cayman Islands
Portfolio visibility "Portfolio" and "Alumni" sections on the website

The AUM figure is the clearest single measure of the firm's size. Because it is described as spread "across multiple funds," it reflects cumulative capital across several vehicles rather than a single pool.

What the track record evidence shows — and what it doesn't

The site supports three track-record claims:

  • Operating history. Founded in 2002, the firm has been investing for more than two decades, spanning multiple fund cycles.
  • Portfolio breadth. The "Portfolio" section lists current holdings across physical science and life science.
  • Alumni companies. A long "Alumni" list shows companies that have moved out of the active portfolio — consistent with a firm that has held and exited positions over time.

What the site does not provide: realized returns, IRR, exit multiples, number of exits, or fund-level performance. The alumni list shows that companies have graduated from the portfolio, but it does not state whether each departure was an acquisition, IPO, shutdown, or other outcome. Treat the alumni section as evidence of activity and deal flow, not as proof of returns.

The convergence thesis behind the portfolio

ND Capital's stated core belief is that scientific disciplines will continue to converge, and that some of the biggest breakthroughs will come from that convergence. This explains why the portfolio spans life, physical, and data sciences rather than sitting in one vertical. For a reader assessing the firm, the thesis is useful context: it signals a science-heavy, cross-disciplinary approach rather than a sector-specific strategy.

Cross-border positioning

The firm describes itself as able to help portfolio companies "bridge the Atlantic" — attracting capital, talent, and business partners across the US and Europe. Founder and CEO Aymeric Sallin has commuted between Switzerland and Boston/Silicon Valley since 2007, after concluding that Europe offered strong science but the US offered better investment opportunities. For founders or co-investors, this is the practical differentiator to weigh: access to both European research ecosystems and US markets.

How to use this when evaluating ND Capital

  • If you need a size benchmark: >$800M AUM and a 2002 founding date place it among established, multi-fund venture firms, not first-time managers.
  • If you need performance data: request fund-level track record directly; the public site does not disclose returns or exit outcomes.
  • If you are a founder: the relevant fit is stage, sector, and geography — the firm states it invests across sectors, stages, and technologies, so confirm your specific stage and region with the team rather than inferring from the site.
  • If you are researching the alumni list: verify individual company outcomes independently before drawing conclusions about exit success.

The team page lists direct contact details (for example, [email protected] for the founder), which is the appropriate channel for questions the public materials do not answer.