Novo Holdings
Family officeCopenhagen · Pre-Seed–Late Stage · 42 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 · 42 people
from the firm's website & public directoriesWhat they invest in
from 22 of 42 portfolio companiesBiotech ×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 pathHemab is a biotechnology company developing targeted prophylactic therapies for people with serious bleeding and blood coagulation disorders that lack adequate treatment options.
BiotechHealthtech
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
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)
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 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)
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 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)
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
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
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
Seed Investments, Europe; invested December 2010
Adcendo develops antibody-drug conjugates (ADCs) targeting cancers with high unmet medical need.
BiotechMedical Devices
Planetary Health Investments, Asia; invested October 2024
Venture Investments, Europe; invested March 2023
Planetary Health Investments, Europe; invested April 2021
Antag Therapeutics develops GIP receptor antagonist therapies for obesity, diabetes, and overweight patients.
BiotechHealthtechCopenhagen, DK
Jens Juul Holst(Founder)Mette Rosenkilde(Founder)
Planetary Health Investments; invested February 2023
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
Venture Investments, North America; invested February 2017
Planetary Health Investments, Europe; invested March 2021
Principal Investments, Europe; invested August 2021
Planetary Health Investments, Europe; invested November 2024
Venture Investments, Europe; invested December 2020
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)
Received strategic growth investment from Novo Holdings
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)
Portfolio company acquired by Lilly
Developing a new class of cancer therapeutics; subject of an acquisition agreement by Novartis.
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
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)
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
Co-investors · 10
Canaan is an early-stage venture capital firm backing founders with transformative ideas across technology and healthcare.
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.
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.
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 is a seed-stage venture firm that backs founders at the earliest stage, before their potential is widely recognized.
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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