Novo Holdings
Family officeCopenhagen · Pre-Seed–Late Stage · 48 people tracked
Investment thesis
Novo Holdings invests to improve human health and the sustainability of society and the planet while generating attractive long-term returns for the Novo Nordisk Foundation. It focuses on life sciences and bio-sustainability, backing companies at all stages of development, from early-stage ventures through growth and public equities. Alongside significant direct investments, it maintains a broadly diversified capital investment allocation spanning equities, bonds, real estate, infrastructure and private equity. The firm positions itself as a responsible, values-driven investor aiming to deliver both strong financial returns and positive societal impact, operating with a long-term return perspective across global markets.
Source: firm website, verified Aug 3, 2026.
Team · 48 people
from the firm's website & curated & public directoriesWhat they invest in
from 63 of 74 portfolio companiesBiotech ×52Healthtech ×33Medical Devices ×15Deep Tech ×9AI & Machine Learning ×8Digital Health ×7New Materials ×7Circular Economy ×5
HQs:United States×24Denmark×5United Kingdom×2Sweden×2Switzerland×1Finland×1
Investments · 74 tracked
founders shown can be your intro pathBy year:2026 · 42025 · 42024 · 42023 · 52022 · 22021 · 221 dated
Avalyn Pharma develops inhaled therapies for pulmonary fibrosis, using a nebulization approach that delivers treatment directly to the lungs to reduce the tolerability problems of existing oral therapies.
BiotechHealthtech
Lyn Baranowski(CEO)in
Co-investorsAndera PartnersCatalio Capital Management, LPF-Prime CapitalInVivium CapitalNorwest Venture PartnersRiverVest Venture Partners+7 more
Bolt Biotherapeutics develops cancer immunotherapies that use the innate immune system to help the body recognize and eliminate tumor cells.
Co-investorsPfizer Venture InvestmentsRA CapitalSamsara BioCapitalSofinnova VenturesVivo CapitalNan Fung Life Sciences+1 more
Hemab is a biotechnology company developing targeted prophylactic therapies for people with serious bleeding and blood coagulation disorders that lack adequate treatment options.
BiotechHealthtech
Co-investorsAccess BiotechnologyAvoro Capital AdvisorsHealthCapSofinnova Partners
Biomason uses biotechnology to grow biocement, producing concrete and tile products by using bacteria to bind natural materials as an alternative to Portland cement, aimed at concrete producers and the construction industry.
BiotechClimate TechConstruction TechNew MaterialsResearch Triangle Park, US
Ginger K. Dosier(Executive Officer, Director)Michael F. Noel(Director)John M. Dosier(Executive Officer)
Board seatAnders Bendsen Spohr· per SEC Form D
Co-investorsCarbonCelesta CapitalCelesta Capital
Acesion Pharma is a biotech company developing pharmaceutical treatments.
BiotechHealthtechMedical DevicesCopenhagen, DK
Ulrik Sørensen(COO & Co-founder)Morten Grunnet(CSO & Co-founder)Anders Gaarsdal Holst(CEO & CMO)Torgeir Vaage(CFO)
Co-investorsAlpha Wave GlobalCanaan PartnersBroadview VenturesGlobal BioAccess Fund
Amass operates an agentic data platform that unifies over 500 million scientific documents — including research literature, patents, clinical trials, regulatory filings, and web sources — into a single engine that returns answers cited to their source.
AI & Machine LearningBiotechData & Infrastructure
Alexander Junge(Co-Founder & CTO)inHenrik Jensen(Co-Founder & CEO)in
Co-investorsGiant Ventures Global LlpKost Capital
AvenCell Therapeutics develops next-generation cell therapies for hard-to-treat cancers, including solid tumors, combining switchable universal CAR-T technology with a CRISPR/Cas9-based allogeneic platform.
BiotechLongevityMedical Devices
Andrew Schiermeier(Chief Executive Officer)in
Co-investorsBlackstone Life SciencesEight Roads VenturesF-Prime CapitalNYBC Ventures
Booster Therapeutics develops small-molecule medicines that directly activate the cell's 20S proteasome to restore protein quality-control and clear disease-causing proteins, using its structure-based DGRADX platform combining high-throughput screening, X-ray crystallography, and computational tools.
BiotechDeep TechLongevity
Diogo R. Feleciano(Co-Founder & CSO)Darci J. Trader(Scientific Co-Founder / Advisor)João Ribas(Interim-CBO)
Co-investorsApollo Health VenturesKorify Capital
Callio Therapeutics develops next-generation dual-payload antibody-drug conjugates (ADCs) with differentiated payload and linker technologies for targeted cancer treatment.
BiotechMedical DevicesSeattle, US
Piers Ingram(President, Co-Founder)Jerome Boyd-Kirkup(Chief Scientific Officer, Co-Founder)Zachary Hornby(Chief Executive Officer)
Co-investorsOmega FundsFrazier Life SciencesJeito CapitalNorwest Venture Partners
Clever Care is a culturally and linguistically sensitive Medicare Advantage health plan serving Southern California that integrates Eastern and Western medicine approaches.
HealthtechInsurTechSouthern California, US
Myong Sun Lee(Executive Officer, Director)Hiep Dinh Pham(Executive Officer, Director)Dave Firdaus(Executive Officer, Director)
Co-investorsNorwest Venture PartnersGlobal Founders CapitalGV (Google Ventures)AV8 VenturesFigure 8 InvestmentsPruVen Capital Partners+1 more
Crystalys Therapeutics is a clinical-stage biopharmaceutical company developing targeted therapies for gout, a chronic metabolic disease caused by elevated uric acid.
BiotechHealthtechMedical DevicesSan Diego, US
James Mackay(President & Chief Executive Officer)inNihar Bhakta(Chief Medical Officer)inAshwin Ram(Chief Operating Officer)inDeAnne Reid(Chief Administrative Officer)in
Co-investorsCatalys PacificAN Venture PartnersFrazier Life SciencesLightstone VenturesLongwood Fund
Expedition Therapeutics develops oral small-molecule treatments for inflammatory and respiratory diseases, with lead candidate EXPD-101, a once-daily DPP1 inhibitor for chronic obstructive pulmonary disease (COPD).
BiotechHealthtechSan Francisco, US
Co-investorsForbionSofinnova VenturesSanofi Ventures
LanzaTech converts carbon-rich gases from industrial sources like steel mills and landfills into fuels and chemicals using synthetic biology.
Circular EconomyCleantechClimate Tech
Dr. Jennifer Holmgren(CEO)
Co-investorsActivant CapitalKhosla VenturesOutset VenturesQiming Venture Partners
NMD Pharma is a clinical-stage biotech company developing first-in-class small-molecule therapies that selectively target skeletal muscle to treat rare neuromuscular diseases and age-related conditions.
BiotechDeep TechHealthtechMedical DevicesAarhus, DK
Co-investorsJeito CapitalRoche Venture FundInkef
Revagenix is a precision-therapeutics company that develops drugs for serious chronic diseases, starting from the underlying biology and unmet clinical needs.
BiotechDeep TechHealthtechMedical Devices
Ryan Cirz(Co-founder & CEO)Andrew McCandlish(Co-founder & COO)Peter Smith(Chief Scientific Officer)Daniel Cloutier(VP, Development)
Co-investorsTenmile
Ritedose is a contract development and manufacturing organization (CDMO) and generic drug manufacturer specializing in sterile Blow-Fill-Seal (BFS) unit-dose delivery, producing medications such as inhalation and ophthalmic solutions.
Advanced ManufacturingBiotechHealthtechColumbia, US
Jody Chastain(CEO)
Co-investorsOlympus Partners
Verana Health aggregates de-identified clinical data from a network of over 20,000 physicians in ophthalmology, urology, and neurology to power real-world evidence, clinical trial enablement, and quality reporting for pharmaceutical companies and healthcare providers using AI and machine learning.
AI & Machine LearningData & InfrastructureDigital HealthHealthtech
Sujay Jadhav(Chief Executive Officer)
Co-investorsBreyer CapitalTech Council VenturesValspring CapitalDefine Ventures
ZELP develops technology to measure and reduce methane emissions from the livestock industry.
AgTechClimate TechImpact & Social GoodIoT
Francisco(Co-Founder, CEO)inPatricio(Co-Founder, Chairman of the Board)
Co-investorsCollaborative FundDanone Manifesto VentureStarlight Ventures
HealthtechJacksonville, US
Nathan W. Eastman(Chief Financial Officer, Treasurer)Christopher Hunter(Director)Steve Betts(Director)Earnie Franklin(Director)Aaron Gani(Director)Carl McDonald(Director)
Board seatAbhijeet Lele· per SEC Form D
Co-investorsFrancisco Partners
Genomatica (Geno) develops biotechnology processes to produce bio-based chemicals and materials—such as 1,4-butanediol (BDO), butylene glycol for cosmetics, and plant-based nylon—as alternatives to fossil-fuel-derived inputs.
BiotechCircular EconomyCleantechClimate TechNew MaterialsSan Diego, US
Christophe Schilling(Co-founder (former CEO))Bernhard Palsson(Co-founder)Thomas McDonald(Executive Officer)Carlos A. Cabrera(Executive Chairman)John G. Gugel(Chief Executive Officer)Tom McDonald(SVP, Finance & Chief Financial Officer)
Board seatAnders Bendsen Spohr· per SEC Form D · $119.1M raise · filed Aug 2021
Co-investorsVantagePoint Capital PartnersCasdin Capital
MycoWorks produces Reishi, a premium biomaterial made from Fine Mycelium, used as a sustainable leather alternative in furniture, design, and automotive products.
BiotechCircular EconomyNew MaterialsEmeryville, US
Philip Ross(Director)Michael Lindheim(Executive Officer)Matthew Scullin(Executive Officer, Director)
BoardKiersten Stead(Director)inThomas Grotkjaer(Director)
Board seatAnders Bendsen Spohr· per SEC Form D
Co-investorsDCVC (Data Collective)Hemisphere Ventures LLCWireframe Ventures8VCAgFunderDCVC Bio+3 more
Developing a next generation antiarrhythmic drug that targets the SK channel to treat atrial fibrillation without causing significant adverse events.
Co-investorsGlobal BioAccess Fund
Adcendo develops antibody-drug conjugates (ADCs) targeting cancers with high unmet medical need.
BiotechMedical Devices
Co-investorsVida VenturesHealthCapJeito CapitalOrbiMedPontifax Venture CapitalRA Capital+2 more
Planetary Health Investments, Asia; invested October 2024
Alentis Therapeutics is a clinical-stage biotech company developing anti-Claudin-1 antibody-drug conjugates (ADCs) and monoclonal antibodies to treat cancer and reverse organ fibrosis.
BiotechHealthtech
Co-investorsAvego BioScience CapitalBioMedPartnersCatalio Capital Management, LPFrazier Life SciencesJeito CapitalLongitude Capital+3 more
AnaCardio is a clinical-stage biopharmaceutical company developing novel drugs to treat heart failure, including its GOAL-HF1 program for patients with Heart Failure and Reduced Ejection Fraction (HFrEF).
BiotechMedical DevicesStockholm, SE
Co-investors3B Future Health FundIndustrifondenPureos BioventuresSound Bioventures
Antag Therapeutics develops GIP receptor antagonist therapies for obesity, diabetes, and overweight patients.
BiotechHealthtechCopenhagen, DK
Jens Juul Holst(Founder)Mette Rosenkilde(Founder)
Co-investorsBroadview VenturesSR One Capital Management
Planetary Health Investments; invested February 2023
Asgard Therapeutics is a biotech company developing cancer immunotherapies using direct cell reprogramming and gene therapy, with a lead program (AT-108) built as an off-the-shelf gene therapy.
BiotechHealthtech
Co-investorsIndustrifondenLU InnovationBoehringer Ingelheim Venture Fund
Augustine Therapeutics is a biotech company developing HDAC6-targeted therapies for peripheral neuropathies such as Charcot-Marie-Tooth disease and chemotherapy-induced peripheral neuropathy, as well as neurodegenerative disorders like ALS.
BiotechMedical Devices
Co-investorsAdBio partnersJeito CapitalPMVV-Bio VenturesAsabys Partners
Venture Investments, North America; invested February 2017
Planetary Health Investments, Europe; invested March 2021
BBI Solutions develops and manufactures native and recombinant reagents, antibodies, antigens, enzymes, and gold nanoparticle conjugates for in-vitro diagnostics (IVD) and life sciences teams.
Advanced ManufacturingBiotechMedical Devices
Benchmark Genetics develops and supplies high-performance Atlantic salmon ova and provides genetics and genotyping services for aquaculture producers worldwide, supporting breeding program design and genomic selection.
AgTechBiotechFoodTech
Kristian Botnen(CEO)
Venture Investments, Europe; invested December 2020
BioGeneration Ventures is a venture capital investor focused on early-stage biotech and life sciences companies.
Biotech
Co-investorsBOMKfW Capital
Healthcare company acquired by Mirum Pharmaceuticals, a former RiverVest portfolio company.
San Mateo, US
Keting Chu(Executive Officer, Director)Dajun Yang(Director)Nancy Hong(Director)Alon Lazarus(Director)William J. Rutter(Director)Ting Jia(Director)
Co-investorsFrazier Life SciencesRA CapitalRiverVest Venture PartnersHBM Healthcare InvestmentsT. Rowe PriceWellington Management
Activating the immune system to recognize and destroy tumor cells.
BiotechCambridge, US
Art Krieg(Executive Officer, Director)Barry Labinger(Executive Officer, Director)Chuck Abdalian(Executive Officer)David Mauro(Executive Officer)Karen Brennan(Executive Officer)Charles Yon(Executive Officer)
Co-investorsF-Prime CapitalSofinnova VenturesLongitude Capital
Chromologics develops natural red colorants as alternatives to synthetic dyes.
BiotechFoodTechNew MaterialsCopenhagen, DK
Anders Odum(Founder)
Co-investorsBlue Horizon CorporationCollateral GoodNordic Foodtech VCDoehler Ventures
Cirius Therapeutics is a clinical-stage pharmaceutical company developing therapies for patients with chronic metabolic diseases driven by insulin resistance, including Type 2 Diabetes and obesity.
BiotechDigital HealthGrand Rapids, US
Jerry Callahan(Executive Officer)Brian Farmer(Executive Officer)Robert Baltera(Executive Officer, Director)Howard Dittrich(Executive Officer)
BoardMichael Jandernoa(Director)Mark Olesnavage(Executive Officer)
Co-investorsFrazier Healthcare Partners
Claris Bio is a late-stage therapeutics company developing pharmacologic treatments for sight-threatening ophthalmic conditions with no or limited treatment options.
BiotechHealthtech
Co-investorsRA CapitalSofinnova Ventures
BiotechJersey City, US
Henry Rath(Executive Officer)Susan Orr(Executive Officer)Clarke Atwell(Executive Officer, Director)Stephen Brady(Executive Officer, Director)Michael Dybbs(Director)Matt Hobson(Director)
Co-investorsCatalio Capital ManagementSamsara BioCapitalSofinnova Ventures
Clasp Therapeutics develops off-the-shelf precision T cell engagers (its proprietary pHLАre molecules) that target mutant peptide-HLA complexes displayed on cancer cells, directing T cells to destroy tumors carrying common driver mutations such as KRas.
BiotechHealthtechCambridge, US
Co-investorsCatalio Capital Management, LPCure VenturesVivo CapitalCatalio Capital ManagementThird Rock Ventures
Coave Therapeutics is a biotech company developing gene therapies based on AAV vector engineering and genetic construct design, targeting neurodegenerative and ocular diseases.
BiotechHealthtechParis, FR
Co-investorsFund+Kurma PartnersSeroba Life SciencesV-Bio VenturesBpifranceInvus+1 more
Coultreon is a drug discovery and development company that advances small and large molecule therapeutic programmes across various disease areas, combining disease biology expertise with technology platforms.
AI & Machine LearningBiotech
Pierre Raboisson(Chief Executive Officer Chief Scientific Officer Co-founder)Marie De Vulder(Chief Legal Officer Co-founder)Guy Peeters(Chief Financial Officer Co-founder)John-Paul Gallivan(Head of Development Co-founder)Fabrice Kolb(Head of Immunology Co-founder)Pieter Peeters(Operating & Technology Officer Co-founder)
Co-investorsLongwood FundSofinnova VenturesBAM ElevateFinchley Healthcare VenturesForbionLuma Group+1 more
Doctor Anywhere is a technology-driven healthcare company that provides medical care to patients through online and in-person channels.
Digital HealthHealthtechMental Health
Co-investorsOSK Ventures InternationalSquare Peg Capital
Esco Lifesciences manufactures laboratory and biopharma equipment, including clean air, containment, and laboratory technologies, as well as IVF/ART medical devices for clinical and industrial laboratories, pharmaceutical companies, and fertility care providers.
BiotechHardwareMedical Devices
Co-investorsVivo CapitalGIC
Genome Medical provides telehealth-enabled genetic services, including genetic counseling, genetic testing, and clinical trial matching, with a focus on individuals with rare conditions.
BiotechDigital HealthHealthtech
Mark Sylvester(Chief Financial Officer)Andrew Warner(Vice President, Product)Monica Zarb(Vice President, Business Development)Durand Van Arnem(Vice President, Engineering)Alan Rope(Medical Director)
Co-investorsCanaan PartnersDreamers VCEcho Health VenturesGV (Google Ventures)Illumina VenturesKaiser Permanente Ventures+3 more
GlycoEra develops glycan-based therapeutics, applying glycoengineering technology to create biologic drugs.
BiotechHealthtechNewton, US
Ganesh V. Kaundinya(President & CEO)in
Co-investors5AM VenturesCatalio Capital Management, LPLifeArc VenturesRoche Venture FundSixty Degree CapitalSofinnova Partners+1 more
HPNow produces hydrogen peroxide (Peroxide UltraPure) on-site through a patented electrochemical process that converts water, electricity, and air into low-concentration, high-purity peroxide for water treatment.
AgTechCircular EconomyCleantechHardwareNew Materials
Co-investorsAP VenturesEvonik Venture Capital GmbH
HST Pathways provides an all-in-one software platform for ambulatory surgery centers (ASCs), covering scheduling, clinical operations (EMR), patient estimates and payments, billing, and data analytics across the full surgical case lifecycle.
Digital HealthHealthtechSaaS
Co-investorsBain Capital Tech OpportunitiesBlue Hour Ventures
Hummingbird Bioscience is a precision biotherapeutics company developing a pipeline of novel targeted therapies for cancer, using proprietary drug discovery technologies and platforms.
AI & Machine LearningBiotechDeep TechHealthtech
Piers Ingram(Chief Executive Officer, Co-Founder, Executive Director)Jerome Boyd-Kirkup(Chief Scientific Officer, Co-Founder)Konrad Paszkiewicz(Chief Technology Officer)Kwek Kon Yew(Chief Medical Officer)Dipti Thakkar(Chief Operating Officer)
Co-investorsAltium CapitalClavystBioDecheng CapitalDroia VenturesFrazier Life SciencesKiwoom Investment+2 more
Inspirna is a clinical-stage biopharmaceutical company developing first-in-class cancer therapeutics, including oral small molecules and biologics that target newly discovered drivers of metastasis in common cancers such as colorectal, non-small cell lung, and endometrial cancer.
BiotechHealthtechNew York, US
Co-investorsSofinnova PartnersStart CapitalVivo CapitalSands Capital Ventures
Kebotix uses artificial intelligence, machine learning, and laboratory automation to discover and develop new materials and molecules.
AI & Machine LearningDeep TechNew MaterialsCambridge, US
Dennis Sheberla(Executive Officer)Semion Saykin(Executive Officer)Alan Aspuru-Guzik(Executive Officer)inAshish Kulkarni(Executive Officer, Director)
BoardTong Hui(Director)Andrew Krowne(Director)in
Co-investorsArcTern VenturesBantam GroupFlybridge Capital PartnersOne Way VenturesPropagator VenturesSafar Partners+3 more
Kivu Bioscience is a biotechnology company developing next-generation antibody-drug conjugates (ADCs) for oncology, using site-specific conjugation technology to create more stable and homogeneous cancer therapies with reduced off-tumor toxicity.
BiotechDeep TechHealthtech
Mohit Trikha(CEO)
Co-investorsBOMHealthCapM VenturesRed Tree VentureBioGeneration Ventures
Portfolio company acquired by Lilly
MinervaX is a clinical-stage biotech company developing a prophylactic vaccine against Group B Streptococcus, with a lead candidate (AlpN GBS) in clinical trials for use in pregnancy and older adults.
BiotechHealthtech
Co-investorsAdjuvant CapitalIndustrifondenLU InnovationOrbiMedPureos BioventuresSanofi Ventures+2 more
Myricx is a biotech company developing a new class of payloads for antibody drug conjugates (ADCs) based on inhibitors of N-myristoyltransferase (NMT) enzymes, aimed at treating cancer.
BiotechMedical DevicesLondon, GB
Co-investorsBrandon Capital PartnersSofinnova Partners
BiotechBoston, US
David Donabedian(Executive Officer, Director)Robert Hadfield(Executive Officer)inJohn McCabe(Executive Officer)in
BoardChristoph Westphal(Director)Ming Cheah(Director)Raymond Camahort(Director)
Co-investorsDCVC (Data Collective)DCVC BioLongwood Fund
Novo Nordisk is a pharmaceutical company that develops and markets treatments for conditions including diabetes, obesity/weight management, and haemophilia, with products such as GLP-1 therapies.
BiotechHealthtechCopenhagen, DK
Maziar Mike Doustdarin
Co-investorsHM Venture Partners
OXB is a contract development and manufacturing organization (CDMO) providing end-to-end services for cell and gene therapies, with expertise in lentiviral vectors, AAV, adenovirus, and other viral vector manufacturing.
BiotechDeep TechHealthtechOxford, GB
Co-investorsOberland Capital
Qure.ai builds deep learning and AI software to detect and manage diseases such as lung cancer, tuberculosis, pediatric TB, and stroke, with several FDA-cleared solutions.
AI & Machine LearningDigital HealthHealthtechMedical Devices
Co-investorsCrane Venture PartnersLightspeed Venture PartnersHealthQuadKae CapitalMerck Global Health Innovation FundSequoia Capital
Rappta Therapeutics develops a first-in-class series of anti-cancer molecular glues that reactivate the tumor suppressor enzyme PP2A (protein phosphatase 2A).
BiotechHealthtech
Co-investorsAdvent Life SciencesNovartis Venture Fund
Co-investorsNorwest Venture Partners
Recursion applies artificial intelligence and large-scale data analysis to accelerate drug discovery and development.
AI & Machine LearningBiotechDeep TechMedical DevicesSalt Lake City, US
Chris Gibson(Co-founder, Chairman of the Board)
Co-investorsDCVC (Data Collective)Lux CapitalBaillie GiffordAir Street CapitalAmplify PartnersCatalio Capital Management, LP+8 more
Reunion Neuroscience is a clinical-stage biopharmaceutical company developing serotonergic psychedelic therapies for mental health conditions such as postpartum depression, adjustment disorder, and generalized anxiety disorder.
BiotechDigital HealthMental HealthMorristown, US
Sahil V. Kirpekar(President and CEO)Gregory Mayes(Executive Officer, Director)Ellen Lubman(Director)Mark Pollack(Executive Officer)inNathan Bryson(Executive Officer)inMark Theeuwes(Executive Officer)in
Co-investorsFemHealth VenturesMitsui Global InvestmentMPM BioImpact
Deep tech company; invested from Fund I in 2015
BiotechBozeman, US
Justin DuBois(Director)George Miljanich(Executive Officer)Stan Abel(Executive Officer, Director)
BoardWill Price(Director)inLowell Sears(Director)Joseph Zakrzewski(Director)
Co-investorsNext Frontier CapitalMission BiocapitalOrbiMed
Supira Medical develops a next-generation percutaneous ventricular assist device (pVAD) to provide temporary mechanical circulatory support for high-risk patients undergoing coronary interventions and those in cardiogenic shock.
HardwareHealthtechMedical DevicesCampbell, US
Nitin Salunke(President & CEO)Jean Orth(Executive Officer)Mariam Maghribi(Executive Officer, Director)
BoardCasey Gordon(Director)Christopher Shen(Director)Bihua Chen(Director)
Co-investors415 CapitalAmed VenturesThe Capital PartnershipUnorthodox Ventures
Terremoto Bio develops next-generation small-molecule therapies using medicinal chemistry, targeting previously "undruggable" disease areas.
BiotechDeep TechSouth San Francisco, US
Grace Lu(Executive Officer)James Christensen(Executive Officer, Director)Charles Baum(Executive Officer, Director)
BoardMichael Goller(Director)Reid Huber(Director)inPeter Thompson(Director)
Co-investorsEcoR1 CapitalOrbiMedRA CapitalOsage University PartnersThird Rock Ventures
Tribune Therapeutics is a preclinical biopharmaceutical company developing medicines that target CCN protein family signaling (such as CCN2/CTGF) to block fibrotic pathways.
BiotechHealthtech
Ole Kaasbøll(Co-founder)
Co-investorsHealthCapIndustrifondenLifeArc VenturesInvestinor
WCG provides clinical trial services including institutional review board (IRB) review, site enablement, data and insights, and AI-enabled software for sponsors, CROs, and research sites.
AI & Machine LearningBiotechHealthtech
Co-investorsLeonard Green
Windward Bio is a clinical-stage biotechnology company developing long-acting monoclonal and bispecific antibodies for serious immunological conditions such as asthma, COPD, and dermatological diseases.
BiotechHealthtech
Co-investorsOrbiMedQuan CapitalRA CapitalSanofi VenturesSR One Capital ManagementJanus Henderson Investors+3 more
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 4
IPOs and acquisitions across the tracked portfolioAvalyn Pharma IncNASDAQ: AVLNBolt BiotherapeuticsNASDAQ: BOLTHemab TherapeuticsNASDAQ: COAGLimmaTech Biologicsacq. by Lilly
Portfolio news
latest coverage across their companies
Terremotobio · fiercebiotech.com · Aug 12, 2026
Recursion · tipranks.com · Aug 11, 2026
Claris Biotherapeutics · finsmes.com · Aug 3, 2026
Claris Bio · glance.eyesoneyecare.com · Aug 3, 2026

SiteOne Therapeutics · biopharmadive.com · Jul 20, 2026

Clever Care Health Plan · funderintel.com · Jul 16, 2026
Frequently asked questions
- How many investments has Novo Holdings made?
- Novo Holdings has 28 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
- What stage does Novo Holdings invest at?
- Novo Holdings invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Novo Holdings's typical check size?
- Novo Holdings typically writes checks of $1.1M – $54M.
- What sectors does Novo Holdings focus on?
- Novo Holdings focuses on AgTech, Biotech, Cleantech, Climate Tech, Digital Health, Healthtech, Impact & Social Good, Longevity, Medical Devices, New Materials.
- Where is Novo Holdings located?
- Novo Holdings is headquartered in Copenhagen, DK.
- Does Novo Holdings lead rounds?
- Novo Holdings has led 7 of the 14 rounds where its role is on record.
- Who does Novo Holdings co-invest with?
- Novo Holdings most often shares deals with Jeito Capital, Industrifonden, OrbiMed, among 41 tracked co-investors.
Images
Co-investors · 10
Canaan Partners is a venture capital firm with over 30 years of history, backing companies across technology and healthcare sectors through close, hands-on partnerships with founders.
Roche Venture Fund is a corporate venture arm that invests in early-stage biotech and diagnostics companies across more than 10 countries, with a portfolio exceeding 30 portfolio companies. The fund is headquartered in Basel, Switzerland.
MPM BioImpact combines 30+ years of biotech venture capital expertise with impact investing and public market experience, managing early-stage venture funds, private/public impact funds, and a public equities fund focused on transforming patient outcomes.
Apollo Health Ventures is a biotech-focused investor that combines traditional funding with venture building to back transformative healthcare and longevity companies in Europe and the US.
Uncork Capital (formerly SoftTech VC) is a seed-stage venture firm that invests early in founders, with a focus on AI-native companies building leverage and scale.
Xfund is a venture capital partnership connecting leading VC firms with top research universities in the US and abroad, backing entrepreneurs with multidisciplinary backgrounds building technology companies.
JAZZ Venture Partners is a venture capital firm investing in companies at the intersection of technology, neuroscience, and human performance, spanning digital health, biosciences, and AI.
Abingworth is a life science venture capital firm that backs early-stage biopharma and biotech companies, helping entrepreneurs translate scientific discoveries into new therapeutics.
6 Dimensions Capital is a healthcare-focused investment firm with offices in Boston, San Francisco, Hong Kong, and Shanghai. It backs healthcare startups and growth-stage companies operating in the U.S., Europe, China, Israel, and other markets, with an emphasis on life sciences businesses spanning China and the United States.
Bain Capital Life Sciences, founded in 2016, invests in biopharmaceutical, medical device, diagnostic, and life science tool companies globally, focusing on companies addressing unmet medical needs and driving medical innovation.
Firms observed investing alongside Novo Holdings, from public investor directories. Shared companies are the overlap with Novo Holdings's recorded portfolio.
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