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Novo Holdings

Family office

Copenhagen · Pre-Seed–Late Stage · 42 people tracked

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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.

Invests inAgTechBiotechCleantechClimate TechDigital HealthHealthtechImpact & Social GoodLongevityMedical DevicesNew MaterialsAsia-PacificChinaCopenhagenDenmarkEuropeGlobalHellerupIndiaNorth AmericaSingaporeUnited KingdomUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Late Stage
Check
$1.1M – $54M
HQ
Copenhagen, DK
Instruments
Equity
Founded
1999
AUM
$108B
Tracked investments
42

Team · 42 people

from the firm's website & public directories
Anette Vium Sørensen· Tax Manager

Tax Manager within Finance & Operations.

What they invest in

from 22 of 42 portfolio companies

Biotech ×15Healthtech ×9Medical Devices ×6AI & Machine Learning ×4Climate Tech ×4Deep Tech ×4Digital Health ×3Cleantech ×2

HQs:United States×9Denmark×3United Kingdom×1

Investments · 42 tracked

founders shown can be your intro path
Hemab Therapeuticshemab.comin𝕏NASDAQ: COAG

Hemab is a biotechnology company developing targeted prophylactic therapies for people with serious bleeding and blood coagulation disorders that lack adequate treatment options.

BiotechHealthtech

Biomasonbiomason.comin𝕏✓ 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

Michael F. Noel(Director)Ginger K. Dosier(Executive Officer, Director)John M. Dosier(Executive Officer)

Board seatAnders Bendsen Spohr· per SEC Form D

Amassamass.techin✓ verified

Amass provides an AI-powered scientific intelligence platform that indexes over 500 million documents including research papers, patents, clinical trials, regulatory filings, and drug data.

AI & Machine LearningBiotechData & Infrastructure

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

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)Jerome Boyd-Kirkup(Chief Scientific Officer, Co-Founder)Zachary Hornby(Chief Executive Officer)

Clever Care Health Planclevercarehealthplan.com✓ 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)

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<UNKNOWN>, US

Dr. Jennifer Holmgren(CEO)

NMD Pharmanmdpharma.comin𝕏✓ 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

Verana Healthveranahealth.comin✓ 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 HealthHealthtech

Sujay Jadhav(Chief Executive Officer)

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)

Availity

HealthtechJacksonville, US

Christopher Hunter(Director)Steve Betts(Director)Earnie Franklin(Director)Aaron Gani(Director)Carl McDonald(Director)John Jesser(Director)

Board seatAbhijeet Lele· per SEC Form D

Genomaticagenomatica.comin𝕏SEC filingmedium confidence

Genomatica uses biotechnology to replace fossil fuel-derived molecules with plant-based alternatives for use in consumer products, chemicals, and materials.

BiotechCleantechClimate TechSan Diego, US

Rasmus von Gottberg(Executive Officer)Thomas McDonald(Executive Officer)Christophe Schilling(Executive Officer, Director)Craig Binetti(Director)David Muldoon(Executive Officer)Anders Bendsen Spohr(Director)

Board seatAnders Bendsen Spohr· per SEC Form D · $119.1M raise · filed Aug 2021

MycoWorksmycoworks.comin𝕏SEC filingmedium confidence

Emeryville, US

Michael Lindheim(Executive Officer)Kiersten Stead(Director)Thomas Grotkjaer(Director)Philip Ross(Director)Matthew Scullin(Executive Officer, Director)

Board seatAnders Bendsen Spohr· per SEC Form D · $125M raise · filed Apr 2022

Acesion Pharma

Seed Investments, Europe; invested December 2010

Adcendoadcendo.com

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

BiotechMedical Devices

Agnext

Planetary Health Investments, Asia; invested October 2024

Alentis Therapeutics

Venture Investments, Europe; invested March 2023

AMSilk

Planetary Health Investments, Europe; invested April 2021

AnaCardioanacardio.com
Antag Therapeuticsantagtherapeutics.comin

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

BiotechHealthtechCopenhagen, DK

Jens Juul Holst(Founder)Mette Rosenkilde(Founder)

Aquafortus

Planetary Health Investments; invested February 2023

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

Avalyn

Venture Investments, North America; invested February 2017

AvenCellavencell.comin

AvenCell develops next-generation CAR-T cell immunotherapies for hard-to-treat cancers, using proprietary Universal Switchable CAR and allogeneic platforms with an on/off mechanism combining universal effector cells and soluble Targeting Modules.

BiotechMedical Devices

Bactolife

Planetary Health Investments, Europe; invested March 2021

BBI Solutions

Principal Investments, Europe; invested August 2021

Benchmark Genetics

Planetary Health Investments, Europe; invested November 2024

BGV

Venture Investments, Europe; invested December 2020

BioGeneration Venturesbiogenerationventures.com
Coultreoncoultreon.comin

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)

Genomegenomemedical.comin

Genome Medical provides telehealth-enabled genetic services, including counseling, testing, and clinical trial access, primarily for individuals with rare conditions.

Digital HealthHealthtech

HST Pathways

Received strategic growth investment from Novo Holdings

Kebotixkebotix.comin𝕏

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)Ashish Kulkarni(Executive Officer, Director)Alan Aspuru-Guzik(Executive Officer)

BoardTong Hui(Director)Andrew Krowne(Director)

LimmaTech Biologicsacquired by Lilly

Portfolio company acquired by Lilly

Myricx Bio

Developing a new class of cancer therapeutics; subject of an acquisition agreement by Novartis.

Novo Nordisknovonordisk.comin𝕏

Novo Nordisk is a pharmaceutical company that develops and markets treatments for diabetes, hemophilia, weight management, and other chronic diseases through innovative drug therapies.

BiotechHealthtechMedical DevicesCopenhagen, DK

Novonesisnovonesis.com
Oxboxb.comin

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

Raytherapeuticsraytherapeutics.com
Reunion Neurosciencereunionneuro.comin𝕏

Reunion develops serotonergic psychedelic therapies for mental health conditions, targeting postpartum depression, adjustment disorder, and generalized anxiety disorder.

BiotechDigital HealthMental HealthMorristown, US

Sahil V. Kirpekar(President and CEO)Gregory Mayes(Executive Officer, Director)Michael Ehlers(Director)Ansbert Gadicke(Director)Natalie Sacks(Director)Ellen Lubman(Director)

Wcgclinicalwcgclinical.com

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.

Frequently asked questions

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.

Images

Novo Holdings photoNovo Holdings photoNovo Holdings photoNovo Holdings photoNovo Holdings photoNovo Holdings photo

Co-investors · 10

Canaan Partners

Canaan is an early-stage venture capital firm backing founders with transformative ideas across technology and healthcare.

Both backed · 1
$500K – $20M
MPM Capital

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
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 · 1
$648K – $3.2M
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
Uncork Capital

Uncork Capital is a seed-stage venture firm that backs founders at the earliest stage, before their potential is widely recognized.

$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
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
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.

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.

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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