🦊/Investors

Novo Holdings

Family office

Copenhagen · Pre-Seed–Late Stage · 47 people tracked

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Wesley Chanunlockedknows Aleks Engel · together at Massachusetts Institute of Technology (overlapped)
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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.

Stage
Pre-Seed–Late Stage
Check
$1.1M – $54M
HQ
Copenhagen, DK
Instruments
Equity
Founded
1999
Last 12 months
9 investments
AUM
$108B
Tracked investments
120
Unicorns
3
IPOs
15
Acquisitions
4

Team · 47 people

from the firm's website & curated & public directories
Helen Gaffney· Partnerin
Jeroen Bakker· Partnerin
Søren Møller· Managing Partnerin
Anette Vium Sørensen· Tax Manager

Tax Manager within Finance & Operations.

What they invest in

from 111 of 120 portfolio companies

Biotech ×91Healthtech ×58Medical Devices ×43Deep Tech ×19Digital Health ×17AI & Machine Learning ×14New Materials ×10Advanced Manufacturing ×8

HQs:United States×50Denmark×12Germany×3United Kingdom×3Netherlands×3France×2

Who they back

founder profiles across 8 portfolio companies
50%
solo founders
4 of 8 mapped founding teams

Founding team size:solo founder×42 founders×33 founders×1

Investments · 120 tracked

founders shown can be your intro path

By year:2026 · 82025 · 92024 · 82023 · 92022 · 82021 · 112020 · 32019 · 22016 · 12015 · 160 dated

AnaptysBioanaptysbio.cominNASDAQ: ANABJul 2015

AnaptysBio manages the financial collaborations from Jemperli (with GSK) and imsidolimab (with Vanda), operating a virtual model focused on protecting and returning royalty and milestone value to stockholders.

BiotechSan Diego, US

Robert Hoffman(Executive Officer)inMarco Londei(Executive Officer)inHamza Suria(Executive Officer, Director)inDaniel Faga(President, CEO, and Director)inChristopher Murphy(CFO)

BoardCarol Gallagher(Director)

Co-investorsBioBritFrazier Life SciencesBiotechnology Value FundNorwest Venture Partners

Avalyn Pharma Incavalynpharma.cominNASDAQ: AVLNApr 2026 · $300M

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+9 more

Bolt Biotherapeuticsboltbio.comin𝕏NASDAQ: BOLTFeb 2019 · $54M

Bolt Biotherapeutics is a clinical-stage biotech company developing novel immunotherapies that leverage innate immune system mechanisms to treat cancer.

BiotechHealthtechMedical DevicesSan Francisco, US

Dr. Edgar G. Engleman(Founder)

Co-investorsPfizer Venture InvestmentsRA CapitalSamsara BioCapitalSofinnova VenturesVivo CapitalNan Fung Life Sciences+3 more

Damora TherapeuticsNASDAQ: DMRA

Damora Therapeutics is a preclinical-stage biotechnology company that discovers and develops therapeutic candidates, including DMR-001, DMR-002, and DMR-003, with the goal of advancing treatments through investigational drug applications and clinical trials.

BiotechCopenhagen, US

Garrett Winslow(Executive Officer)inLori Firmani(Executive Officer)inHans T. Schambye(Executive Officer, Director)Jennifer Jarrett(President, Chief Executive Officer and Director)inBecker Hewes(Chief Medical Officer)Sherwin Sattarzadeh(Chief Operating Officer)

Co-investorsAccess BiotechnologyBAM ElevateBay City CapitalCommodore CapitalEIR VenturesForbion+6 more

Disc Medicinediscmedicine.comin𝕏NASDAQ: IRONSep 2021 · $90M

Disc Medicine is a biopharmaceutical company developing therapies from discovery through clinical development for patients in need.

BiotechHealthtech

John Quisel(Chief Executive Officer)inJean Franchi(Chief Financial Officer)inJonathan Yu(Chief Operating Officer)inWill Savage(Chief Medical Officer)inPamela Stephenson(Chief Commercial Officer)inSteve Caffé(Chief Regulatory Officer)in

Co-investorsAccess BiotechnologyAtlas VentureBain Capital Life SciencesForesite CapitalFrazier Life SciencesOrbiMed+6 more

Edgewise Therapeuticsedgewisetx.comin𝕏NASDAQ: EWTX

Edgewise Therapeutics discovers and develops small molecule medicines targeting muscle proteins to treat neuromuscular and cardiac diseases, including sevasemten for muscular dystrophies and EDG-7500 for cardiomyopathy, leveraging a proprietary drug discovery platform based on muscle physiology and high-throughput functional assays.

BiotechDigital HealthBoulder, US

Kevin Koch(Executive Officer, Director)inAlan Russell(Director)inBadreddin Edris(Director and Co-Founder)inKenneth Harrison(Director)

BoardPeter Thompson(Director)inJonathan Root(Director)in

Co-investorsBoulder VenturesForesite CapitalOrbiMedUS Venture PartnersDeerfield Management Company

Harmony Biosciencesharmonybiosciences.comin𝕏NASDAQ: HRMY

Harmony Biosciences develops innovative therapeutic treatments focused on rare neurological diseases.

BiotechHealthtechMedical DevicesNorthbrook, US

Jeffrey Aronin(Director)inJeffrey M. Dayno, M.D.(President and Chief Executive Officer)inPatrick Morris(Secretary and Treasurer)inRobert Repella(Director and Chief Executive Officer)Darien Parhad(Chief Financial Officer)

BoardAaron Royston(Director)in

Co-investorsAisling CapitalParagon Biosciences LLCValor Equity PartnersvenBio PartnersvenBio Global StrategicVivo Capital

Hemab Therapeuticshemab.comin𝕏NASDAQ: COAG

Hemab develops targeted therapies for bleeding and clotting disorders such as Glanzmann thrombasthenia, Factor VII deficiency, Von Willebrand Disease, and heavy menstrual bleeding.

BiotechDigital HealthHealthtechMedical Devices

Co-investorsAccess BiotechnologyAvoro Capital AdvisorsHealthCapSofinnova PartnersAvoro VenturesRA Capital

MapLight TherapeuticsNASDAQ: MPLT

MapLight Therapeutics is a biopharmaceutical company developing targeted treatments for central nervous system disorders through a platform designed to modulate neural circuits implicated in disease.

BiotechRedwood City, US

Anatol Kreitzer(Executive Officer)Kristopher Hanson(Executive Officer)Erin Foff(Executive Officer)inJames Lillie(Executive Officer)Jonathan Gillis(Executive Officer)inVishwas Setia(Executive Officer)in

Co-investorsAvego BioScience CapitalForbion

Mirum Pharmaceuticalsmirumpharma.comin𝕏NASDAQ: MIRM

Mirum Pharmaceuticals is a biopharmaceutical company that develops and delivers therapies for people living with rare diseases.

BiotechHealthtechSan Diego, US

Chris Peetz(Co-founder & Chief Executive Officer)inEric Bjerkholt(Executive Officer)inPeter Radovich(Executive Officer)in

BoardPatrick Heron(Director)inMichael Grey(Director)Timothy Walbert(Director)

Co-investorsChiesi VenturesFrazier Life SciencesNew Enterprise Associates (NEA)Pappas CapitalRiverVest Venture PartnersDeerfield Management Company+2 more

Nkarta, Inc.nkartatx.cominNASDAQ: NKTXAug 2019

Nkarta is a biotech company developing allogeneic CAR NK cell therapies for autoimmune diseases, aiming to offer safer and more accessible alternatives to autologous CAR-T treatments.

BiotechHealthtechSouth San Francisco, US

Paul Hastings(Executive Officer, Director)inPaul H.inMatthew Plunkett(Executive Officer)inPaul J. Hastings(Chief Executive Officer)in

BoardMichael Dybbs(Director)Jill Carroll(Director)in

Co-investorsNew Enterprise Associates (NEA)RA CapitalSamsara BioCapitalSR One Capital ManagementAmgen VenturesLogos+1 more

Onkure Therapeutics Inconkuretherapeutics.comin𝕏NASDAQ: OKUR

OnKure Therapeutics is a clinical-stage biopharmaceutical company developing PI3Kα pan-mutant selective inhibitor medicines for the treatment of breast cancer and vascular anomalies.

BiotechDigital HealthHealthtechMedical DevicesBoulder, US

Jason Leverone(Executive Officer)inSamuel Agresta(Executive Officer)inDylan Hartley(Executive Officer)inWendy Johnson(Executive Officer)Nicholas A. Saccomano(President and Chief Executive Officer and Director)

BoardIsaac Manke(Director)in

Co-investorsAccess BiotechnologyBoulder VenturesRiverVest Venture PartnersAbingworthACORN BIOVENTURESNew Enterprise Associates (NEA)

Praxispraxismedicines.comin𝕏NASDAQ: PRAX

Praxis Precision Medicines is a central nervous system precision neuroscience biopharmaceutical company developing therapies for CNS disorders characterized by neuronal excitation-inhibition imbalance, with a pipeline spanning movement disorders and epilepsy.

BiotechDeep TechHealthtechBoston, US

Steve Petrou(Co-Founder, President of Research & Development)inKiran Reddy(Executive Officer, Director)inMarcio Souza(President & Chief Executive Officer)in

BoardNicholas G. Galakatos(Director)

Co-investorsAvoro Capital AdvisorsCapria VenturesOCV PartnersAlameda ResearchAPOLLO PROJECTSBlackstone+6 more

Recursion (NASDAQ: RXRX)recursion.comin𝕏NASDAQ: RXRX

Recursion applies computational and data-driven approaches to biological science, aiming to accelerate drug discovery and develop new treatments.

AI & Machine LearningBiotechData & InfrastructureDeep TechMedical DevicesSalt Lake City, US

Chris Gibson(Co-founder, Chairman of the Board)inBlake C. Borgeson(Executive Officer, Director)inDean Y. Yi(Executive Officer, Director)Najat Khan(Chief Executive Officer)in

Co-investorsDCVC (Data Collective)Lux CapitalBaillie GiffordAir Street CapitalAmplify PartnersCatalio Capital Management, LP+14 more

Spruce Biosciencessprucebiosciences.comin𝕏NASDAQ: SPRB

Spruce Biosciences develops and commercializes therapies for serious neurological and endocrine disorders with unmet medical need, with a lead investigational enzyme replacement therapy (TA-ERT) for Mucopolysaccharidosis Type IIIB (Sanfilippo Syndrome Type B).

BiotechHealthtechSouth San Francisco, US

Javier Szwarcberg(Executive Officer, Director)inSamir Gharib(Executive Officer)inRICHARD KING(Executive Officer, Director)inJavier Szwarcberg, M.D., M.P.H.(Chief Executive Officer)in

BoardSimpson Camilla(Director)Tiba Aynechi(Director)in

Co-investorsAisling CapitalHealthCapRiverVest Venture PartnersAbingworthNorwest Venture PartnersOmega Funds+1 more

Biomasonbiomason.comin𝕏Feb 2022✓ verified

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)inMichael F. Noel(Director)John M. Dosier(Executive Officer)

Board seatAnders Bendsen Spohr· per SEC Form D

Co-investorsCarbonCelesta CapitalCelesta Capital

Acesion Pharma ApSacesionpharma.comin✓ verified

Acesion Pharma is a biotech company developing pharmaceutical treatments.

BiotechHealthtechMedical DevicesCopenhagen, DK

Ulrik Sørensen(COO & Co-founder)inMorten Grunnet(CSO & Co-founder)inAnders Gaarsdal Holst(CEO & CMO)inTorgeir Vaage(CFO)in

Co-investorsAlpha Wave GlobalCanaan PartnersBroadview VenturesGlobal BioAccess Fund

Alentisalentis.chin✓ verified

Alentis is a biotech company developing therapies for chronic liver disease, fibrosis, and cancer based on the molecular biology of liver disease.

AI & Machine LearningBiotechHealthtechMedical DevicesBasel, CH

Thomas Baumert(Founder)inMark Pruzanski(Chief Executive Officer)inLuigi Manenti(Chief Medical Officer)inJon Freve(Chief Financial Officer)inBryan Yoon(General Counsel and Chief Administrative Officer)inAditya Venugopal(Chief Business Officer)in

Co-investorsAvego BioScience CapitalBioMedPartnersFrazier Life SciencesJeito CapitalLongitude CapitalOrbiMed+5 more

Altasciencesaltasciences.comin✓ verified

Altasciences operates a drug development platform that integrates nonclinical research, bioanalysis, manufacturing, and Phase I/II clinical execution to compress early-stage drug development timelines from industry standards of 27–51 months to as little as 18 months.

BiotechDeep TechEnterprise SoftwareHealthtechMedical DevicesLaval, CA

Marie-Hélène Raigneau(Chief Executive Officer)inCatherine Konidas(Chief Administrative Officer)inDr. Beatrice Setnik(Chief Scientific Officer)Dr. Gaetano Morelli(Executive Vice President Medical Affairs, Chief Medical Officer)Steve Mason(Co-Chief Operating Officer)inRobert Sabelli(Co-Chief Operating Officer)in

Co-investorsKilmer GroupSignet Healthcare Partners

Amassamass.techin✓ verified

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

AMSilkamsilk.cominSep 2025✓ verified

AMSilk produces biotech-derived silk protein yarns for textile applications including fashion, accessories, and automotive interiors, using fermentation-based bioprocessing instead of traditional sericulture.

Advanced ManufacturingBiotechCircular EconomyCleantechNew MaterialsMunich, DE

Co-investorsAthosMIG Capital AG

AnaCardioanacardio.com✓ verified

AnaCardio is a Swedish clinical-stage biopharmaceutical company developing novel drugs to treat heart failure, with its lead program AC01 in phase 1b/2a clinical development.

BiotechHealthtechMedical DevicesStockholm, SE

Lars H. Lund(Founder)

Co-investors3B Future Health FundIndustrifondenPureos BioventuresSound Bioventures

AvenCellavencell.comin𝕏Oct 2024 · $112M✓ verified

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

Benchmark Geneticsbmkgenetics.comin𝕏✓ verified

BMK Genetics develops breeding programs and genetic solutions for salmon farming, offering tailored genetics for both sea-based open net-pen systems and land-based recirculating aquaculture systems.

AgTechBiotechFoodTechBergen, NO

Kristian Botnen(CEO)in

Boostertxboostertx.comin✓ verified

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)inDarci J. Trader(Scientific Co-Founder / Advisor)João Ribas(Interim-CBO)in

Co-investorsApollo Health VenturesKorify Capital

Breyebreye.comin✓ verified

Breye Therapeutics is a biopharmaceutical company developing medicines for ophthalmologic and metabolic diseases, leveraging expertise in clinical development, manufacturing, and regulatory pathways.

BiotechMedical Devices

Ulrik Mouritzen(CEO)

Co-investorsSound Bioventures

Calliotxcalliotx.comin✓ verified

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)inJerome Boyd-Kirkup(Chief Scientific Officer, Co-Founder)inZachary Hornby(Chief Executive Officer)

Co-investorsOmega FundsFrazier Life SciencesJeito CapitalNorwest Venture Partners

Chromologicschromologics.cominMar 2023✓ verified

Chromologics is a Danish biotech company that uses a precision fermentation platform to produce natural food colours, marketed to food and beverage manufacturers as an alternative to synthetic colourants.

BiotechFoodTechNew MaterialsCopenhagen, DK

Anders Odum(Founder)inGerit Tolborg(Co-founder & CEO)inAnders Ødum(Co-founder & CTO)Klaus Bjerrum(CTO & Founder)inChristian H. Steffensen(CEO)inJens Bergholdt(CFO)in

Co-investorsBlue Horizon CorporationCollateral GoodNordic Foodtech VCDoehler Ventures

Clever Care Health Planclevercarehealthplan.comin✓ verified

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

Crystalystxcrystalystx.comin𝕏✓ verified

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

Engimmune Therapeuticsengimmune.comin✓ verified

Engimmune develops soluble TCR therapeutic candidates using AI-guided innovation and protein engineering for oncology and immunotherapy applications.

AI & Machine LearningBiotechDeep Tech

Rodrigo Vazquez-LombardiinSai Reddyin

Co-investorsPureos Bioventures

Esco Lifesciences Groupescolifesciences.comin𝕏May 2021 · $265M✓ verified

Esco Lifesciences manufactures laboratory equipment, biopharma devices, and IVF medical equipment for clinical, research, and industrial laboratories across more than 100 countries.

Advanced ManufacturingBiotechHardwareHealthtechMedical DevicesSingapore, SG

Lim Lay Yew(Founder)inLow Yae Foong(Founder)

Co-investorsVivo CapitalGIC

Expeditiontxexpeditiontx.comin✓ verified

Expedition Therapeutics is a drug development company focused on advancing therapeutic programs in areas such as CAR-T immunotherapy and oncology.

BiotechHealthtechMedical DevicesSan Francisco, US

Yi Larson(Founder and CEO)Geoff Gilmartin(Chief Medical Officer)Eric Hu(Chief Business Officer)

Co-investorsForbionSofinnova VenturesSanofi Ventures

LanzaTechlanzatech.comin𝕏✓ verified

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

MedGenomemedgenome.comin𝕏✓ verified

MedGenome provides genetic and molecular diagnostic testing across areas including reproductive care, rare hereditary conditions, oncology, and infectious diseases, and operates a CAP-accredited multiomics laboratory with high-throughput sequencing and a proprietary analytics platform.

BiotechDigital HealthHealthtechMedical DevicesBangalore, IN

Co-investorsSofinaPeak XV Partners

MinervaXminervax.cominOct 2023✓ verified

MinervaX is a biotech company developing prophylactic vaccines, with therapeutic focus areas including immunology and infectious disease.

BiotechHealthtech

PerBengt(CSO)

Co-investorsAdjuvant CapitalIndustrifondenOrbiMedPureos BioventuresSanofi VenturesSunstone Capital+2 more

NMD Pharmanmdpharma.comin𝕏Nov 2023 · $81.3M✓ verified

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

Northsea Therapeuticsnorthseatherapeutics.comin✓ verified

NorthSea Therapeutics is a clinical-stage biopharmaceutical company developing oral fatty acid-derived therapies for liver and metabolic diseases, including intestinal failure-associated liver disease (IFALD), severe hypertriglyceridemia, and MASH.

BiotechDigital HealthHealthtech

Co-investorsNew Science VenturesvenBio PartnersYsios CapitalBGVBioGeneration VenturesForbion+1 more

Revagenixrevagenix.cominJan 2024✓ verified

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)inAndrew McCandlish(Co-founder & COO)inPeter Smith(Chief Scientific Officer)inDaniel Cloutier(VP, Development)in

Co-investorsTenmile

Route 92route92medical.comin𝕏Sep 2024 · $50M✓ verified

Route 92 Medical develops medical devices and procedural solutions for patients undergoing neurovascular intervention.

BiotechHealthtechMedical DevicesSan Francisco, US

Dr. Chou(Founder, Chief Executive Officer)Dr. Joey English(Chief Medical Officer)

Co-investorsThe Vertical GroupUS Venture PartnersNorwest Venture PartnersSectoral Asset ManagementU.S. Venture Partners

Sonionsonion.comin✓ verified

Sonion designs and manufactures miniaturized audio components and solutions for hearing aids, including microphones, receivers, RIC systems, and sensors.

Deep TechHardwareHealthtechMedical DevicesRoskilde, VN

Co-investorsAltor

The Ritedose Corporationritedose.comin✓ verified

Ritedose is a contract development and manufacturing organization (CDMO) that produces generic and specialty medications using advanced data analysis and custom technology solutions.

Advanced ManufacturingBiotechHealthtechMedical DevicesColumbia, US

Jody Chastain(Chief Executive Officer)in

Co-investorsOlympus Partners

THEVAtheva.com✓ verified

THEVA manufactures high-temperature superconductor wire and related components for industrial, power transmission, and renewable energy applications.

Advanced ManufacturingDeep TechEnergyNew MaterialsGermany, DE

Co-investorsBayern KapitalEnBW New Ventures GmbHTarget Partners

Verana Healthveranahealth.comin𝕏✓ verified

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 HealthHealthtechSan Francisco, US

Mark Blumenkranz, MD(Co-Founder, Verana Health and Lagunita Biosciences)Sujay Jadhav(Chief Executive Officer)in

Co-investorsBreyer CapitalTech Council VenturesValspring CapitalDefine Ventures

ZELPzelp.coin✓ verified

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

AvailityinJul 2021

HealthtechJacksonville, US

Nathan W. Eastman(Chief Financial Officer, Treasurer)inChristopher Hunter(Director)Steve Betts(Director)Earnie Franklin(Director)Aaron Gani(Director)Carl McDonald(Director)

Board seatAbhijeet Lele· per SEC Form D

Co-investorsFrancisco Partners

Genomaticagenomatica.comin𝕏Aug 2021 · $118M

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))inBernhard Palsson(Co-founder)Carlos A. Cabrera(Executive Chairman)inJohn G. Gugel(Chief Executive Officer)inTom McDonald(SVP, Finance & Chief Financial Officer)inNelson Barton(SVP, Research and Development)in

Board seatAnders Bendsen Spohr· per SEC Form D

Co-investorsThule InvestmentsVantagePoint Capital PartnersCasdin CapitalDraper Fisher Jurvetson (DFJ)Mohr Davidow Ventures

MycoWorksmycoworks.comin𝕏Apr 2022

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)inMichael Lindheim(Executive Officer)Matthew Scullin(Executive Officer, Director)in

BoardKiersten Stead(Director)inThomas Grotkjaer(Director)

Board seatAnders Bendsen Spohr· per SEC Form D

Co-investorsDCVC (Data Collective)Hemisphere Ventures LLCWireframe Ventures8VCAgFunderDCVC Bio+5 more

Adcendo ApSadcendo.com

Adcendo develops antibody-drug conjugates (ADCs) targeting cancers with high unmet medical need.

BiotechMedical Devices

Co-investorsVida VenturesHealthCapJeito CapitalOrbiMedPontifax Venture CapitalRA Capital+2 more

Antag Therapeuticsantagtherapeutics.cominDec 2024 · $84M

Antag Therapeutics develops GIP receptor antagonist therapies for obesity, diabetes, and overweight patients.

BiotechHealthtechCopenhagen, DK

Jens Juul Holst(Founder)Mette Rosenkilde(Founder)in

Co-investorsBroadview VenturesSR One Capital ManagementVersant Ventures

Anywhereanywhere.camDec 2023 · $54.7M

A retailer that sells security and monitoring cameras along with related accessories, offering different options for single or multi-location surveillance needs.

E-commerceHardware

Co-investorsGreater Colorado Venture FundGeneral AtlanticHercules Capital, Inc.New Enterprise Associates (NEA)SoftBank GroupSoftBank Vision Fund+1 more

Arcellxarcellx.cominApr 2021 · $115M

Arcellx develops CAR T-cell therapies that are individually designed for each patient, using the immune system to target and attack cancer.

BiotechHealthtechGaithersburg, US

Han Lee(Executive Officer)Rami Elghandour(Executive Officer, Director)in

BoardJill Carroll(Director)inAli Behbahani(Director)inDerek Yoon(Director)inTiba Aynechi(Director)in

Co-investorsLG Technology VenturesNew Enterprise Associates (NEA)Quan CapitalSamsara BioCapitalSixty Degree CapitalSolasta Ventures+5 more

Asgardasgard.aiin𝕏Nov 2021

Asgard provides sales intelligence and intent detection data to B2B companies, identifying qualified prospects and their specific needs for targeted sales outreach and account-based marketing campaigns.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSales TechParis, FR

Co-investorsTechstarsBoehringer Ingelheim Venture FundIndustrifondenRobot Ventures

Asgard Therapeuticsasgardthx.comin𝕏Nov 2021

Asgard Therapeutics develops direct cell reprogramming technologies that convert cancer cells into dendritic cells to restore anti-cancer immune responses.

AI & Machine LearningBiotechHealthtechMedical DevicesLund, SE

Cristiana Pires(Co-founder and CEO)inFábio Rosa(Co-founder and VP of Research)inFilipe Pereira(Co-founder and Head of Innovation)in

Co-investorsIndustrifondenLU InnovationBoehringer Ingelheim Venture Fund

Augustine Therapeuticsaugustinetx.comin

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 PartnersNewton Biocapital

Bactolifebactolife.comin

Bactolife develops Binding Proteins for use in functional foods for humans and in animal feed, aimed at supporting healthy digestion and livestock health.

AgTechBiotechFoodTech

Co-investorsCross-Border Impact Ventures

BBI Solutionsbbisolutions.com

BBI Solutions provides reagents and biochemical products for in vitro diagnostics and life sciences teams, supporting assay development and diagnostic test manufacturing.

Advanced ManufacturingBiotechHealthtechMedical Devices

Alexander Socarrás(Group CEO)in

BioGeneration Venturesbiogenerationventures.com

BioGeneration Ventures (BGV) is the early-stage arm of the Forbion-BGV platform of funds, investing in and supporting biotech and life sciences companies across their stages of development.

BiotechHealthtechNaarden, NL

Co-investorsBOMKfW CapitalEuropean Investment FundKfW

Biosyntiabiosyntia.cominOct 2022

Biosyntia is a Copenhagen-based industrial biotech company that uses strain engineering and fermentation to produce sustainable, bio-based active ingredients like vitamin B7, replacing petrochemical-derived alternatives for cosmetics and nutrition markets.

Copenhagen, DK

Co-investorsEuropean Circular Bioeconomy FundSofinnova Partners

Bluejay TherapeuticsinMay 2024 · $182Macquired by Mirum Pharmaceuticals · Dec 2025 · $620M

Healthcare company acquired by Mirum Pharmaceuticals, a former RiverVest portfolio company.

San Mateo, US

Keting Chu(Executive Officer, Director)inDajun Yang(Director)Nancy Hong(Director)inAlon Lazarus(Director)William J. Rutter(Director)Ting Jia(Director)

Co-investorsFrazier Life SciencesRA CapitalRiverVest Venture PartnersFrazier Healthcare PartnersHBM Healthcare InvestmentsT. Rowe Price+1 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AgnextAquafortusAristea TherapeuticsAvalynBGVCheckmate PharmaceuticalsGlycomineManaT BioRay TherapeuticsSiteOne TherapeuticsStargazer PharmaceuticalsWeight

Exits · 19

15 IPOs · 4 acquisitions

AnaptysBioNASDAQ: ANABAvalyn Pharma IncNASDAQ: AVLNBolt BiotherapeuticsNASDAQ: BOLTDamora TherapeuticsNASDAQ: DMRADisc MedicineNASDAQ: IRONEdgewise TherapeuticsNASDAQ: EWTXHarmony BiosciencesNASDAQ: HRMYHemab TherapeuticsNASDAQ: COAGMapLight TherapeuticsNASDAQ: MPLTMirum PharmaceuticalsNASDAQ: MIRMNkarta, Inc.NASDAQ: NKTXOnkure Therapeutics IncNASDAQ: OKURPraxisNASDAQ: PRAXRecursion (NASDAQ: RXRX)NASDAQ: RXRXSpruce BiosciencesNASDAQ: SPRBBluejay Therapeuticsacq. by Mirum PharmaceuticalsCheckmate Pharmaceuticalsacq. by Regeneron PharmaceuticalsLimmaTech Biologicsacq. by LillySiteOne Therapeuticsacq. by Eli Lilly and Company

Portfolio news

latest coverage across their companies

IPO stake values · per SEC filings · 12

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
AnaptysBio8.3%$68.50Oct 2017$132.7M
Harmony Biosciences6.7%$24.00Aug 2020$102.7M
Bolt Biotherapeutics13.0%$20.00Feb 2021$90.1M
Edgewise Therapeutics10.4%$16.00Mar 2021$79.4M
Hemab Therapeutics9.5%$18.00May 2026$75.2M
Spruce Biosciences21.3%$15.00Oct 2020$71.1M
Avalyn Pharma Inc8.0%$18.00Apr 2026$59.9M
Mirum Pharmaceuticals9.6%$20.00Jan 2020$48.9M
MapLight Therapeutics7.1%$17.00Oct 2025$46.5M
Onkure Therapeutics Inc11.4%$15.00Apr 2021$41.5M
Damora Therapeutics8.8%$15.00Oct 2020$32.5M
Praxis3.3%$18.25May 2021$26.3M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has Novo Holdings made?
Novo Holdings has 120 tracked investments, 19 of which have exited, including 22 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 18 of the 49 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 47 tracked co-investors.

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Co-investors · 10

Canaan Partners

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.

$500K – $20M
Abingworth

Abingworth is a life science venture capital firm that backs early-stage biopharma and biotech companies, helping entrepreneurs translate scientific discoveries into new therapeutics.

$15M – $30M
Roche Venture Fund

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.

Both backed · 2
$648K – $3.2M
MPM BioImpact

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.

Both backed · 1
$1M – $15M
Apollo Health Ventures

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.

Both backed · 1
Bain Capital Life Sciences

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.

Both backed · 1
Uncork Capital

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.

$3M – $5M
Xfund

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.

$50K – $500K
JAZZ Venture Partners

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.

$100K – $20M
6 Dimensions Capital

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.

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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