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Shaping the
future of health

Shaping the
future of health

Seed-stage partner for biotech, healthtech, and solutions that improve patient outcomes and health-system performance

Three forces are reshaping health right now

Three forces are reshaping health right now

01

01

Biology, data, and AI are compounding faster than at any prior moment in medicine
Biology, data, and AI are compounding faster than at any prior moment in medicine

02

02

Healthcare costs are unsustainable; only technology that does more per dollar can close the gap
Healthcare costs are unsustainable; only technology that does more per dollar can close the gap

03

03

A $250B+ biopharma patent cliff by 2030 is driving record demand for early-stage assets
A $250B+ biopharma patent cliff by 2030 is driving record demand for early-stage assets

We invest at seed, before the premium

Two to four rounds earlier than pharma buyers, across six health sectors, primarily in the US

We invest at seed, before the premium

Two to four rounds earlier than pharma buyers, across six health sectors, primarily in the US

Stage

Pre-seed and seed

Approach

We size investments to company needs and maintain reserves for follow-on

Sectors

Therapeutics; platforms and tools; diagnostics; devices; health IT/digital; science-anchored consumer

Geography

Primarily US, with international founders and strong ties across North American research hubs

Physicians, scientists, and operators who also build companies

Our edge is our team. The General Partners bring complementary depth across medicine, science, venture, and company building. We combine clinical judgment, scientific literacy, and operator experience to help founders move from concept to clinical proof.

Physicians, scientists, and operators who also build companies

Our edge is our team. The General Partners bring complementary depth across medicine, science, venture, and company building. We combine clinical judgment, scientific literacy, and operator experience to help founders move from concept to clinical proof.

David Naylor

MD, PhD, Rhodes Scholar. President emeritus and former dean of medicine at the University of Toronto. Co-chaired Canada's COVID-19 Immunity Task Force.

Ilse Treurnicht

PhD, Rhodes Scholar. Led the development of MaRS, North America's largest innovation hub, from idea to scale. Operator, impact investor, and advisor.

Paul Kudlow

MD, PhD. Co-founded TrendMD, the world's largest native ad network in the pharma space. Teaches psychiatry at the University of Toronto and practices medicine.

Andrew Lee

MD, PhD. Co-founded Clipboard Health (unicorn). Co-created Stanford's StartX Med, which has seeded 500+ biotech startups, leading to 100+ FDA approvals and 20 IPOs/unicorns.

NSV has backed more than 60 companies

A sample below; full list available on request

NSV has backed more than 60 companies

A sample below; full list available on request

If you're building in health, we want to hear from you

If you're building in health, we want to hear from you

If you're building in health, we want to hear from you

Email:

info@northsouthvc.com

Offices: Toronto • Bay Area

Past performance is not indicative of future results. This website is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security or investment product. Any such offer or solicitation will be made only via confidential offering documents and in compliance with applicable laws.

© 2026 North South Ventures