# Minervax funding: rounds and investors

> Minervax has raised $62M across 4 rounds since 2011. Investors include Seed Capital, OrbiMed and European Investment Bank. Every round with its source.

Source: https://millionrounds.com/company/minervax (Millionrounds; every figure on the page links to its filing or article)

Denmark · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Minervax*

4 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Healthcare

Funding summary Updated 26 Oct 2026

**$62M** raised across 4 rounds since 2011, from 4 sources

**$5.0M** Round **$57M** Venture

- **Latest round:** Venture, $57M Oct 2023
- **Step-up i:** 11.5×
- **Investors:** 8

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2011 2013 2015 2017 2019 2021 2023

**?** Round

**?** Round

**$5.0M** Round

**$57M** Venture

- **First round:** Round
- **Biggest round:** $57M
- **Usual gap between rounds:** 4.7 years

## The rounds

- **Oct 2023** Venture **$57M** *5 new* *1 returning* [OrbiMed](https://millionrounds.com/fund/orbimed) [Seed Capital](https://millionrounds.com/fund/seed-capital) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Wellington Partners](https://millionrounds.com/fund/wellington-partners) [EQT Life Sciences](https://millionrounds.com/fund/eqt-life-sciences) Source recorded
- **Jan 2019** Round **$5.0M** *2 new* [Novo Holdings REPAIR Impact Fund](https://millionrounds.com/fund/novo-holdings-repair-impact-fund) SunStone Reported by FinSMEs
- **Dec 2011** Round **Amount undisclosed** *1 returning* [Seed Capital](https://millionrounds.com/fund/seed-capital) From a historical funding record
- **Jan 2011** Round **Amount undisclosed** *1 new* [Seed Capital](https://millionrounds.com/fund/seed-capital) From a historical funding record

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2011 **Round** 2011 **Round** 2019 **Venture** 2023 [Seed Capital](https://millionrounds.com/fund/seed-capital) [OrbiMed](https://millionrounds.com/fund/orbimed) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Wellington Partners](https://millionrounds.com/fund/wellington-partners) [EQT Life Sciences](https://millionrounds.com/fund/eqt-life-sciences) [Novo Holdings REPAIR Impact Fund](https://millionrounds.com/fund/novo-holdings-repair-impact-fund) SunStone

## Everyone who backed them

[Seed Capital](https://millionrounds.com/fund/seed-capital) VC firm **3** rounds

[OrbiMed](https://millionrounds.com/fund/orbimed) Private equity **1** round

[European Investment Bank](https://millionrounds.com/fund/european-investment-bank) Government **1** round

[Novo Holdings](https://millionrounds.com/fund/novo-ventures) VC firm **1** round

[Wellington Partners](https://millionrounds.com/fund/wellington-partners) VC firm **1** round

[EQT Life Sciences](https://millionrounds.com/fund/eqt-life-sciences) VC firm **1** round

[Novo Holdings REPAIR Impact Fund](https://millionrounds.com/fund/novo-holdings-repair-impact-fund) Investment firm **1** round

SunStone no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=minervax).

## Quick answers about Minervax

### Who invested in Minervax?

Minervax's investors include Seed Capital, OrbiMed, European Investment Bank, Novo Holdings and Wellington Partners, and 3 more on record.

### How much has Minervax raised?

Minervax has raised $62M across 4 rounds since 2011. 2 rounds did not disclose an amount, so the total is a floor.

### When did Minervax last raise?

Minervax's most recent round was a Venture of $57M in Oct 2023.

### What was Minervax's biggest round?

Its most recent round, $57M in Oct 2023, is also its largest on record.

### Who backed Minervax first?

Minervax's first round on record, in Jan 2011, was backed by Seed Capital.

### What stage is Minervax at?

Minervax's latest named round is a Venture, in Oct 2023.

### Where is Minervax based?

Minervax is based in Denmark.

## Companies like Minervax

In the same sector, and raised in the last eighteen months.

[**Orbis Medicines** $187M · Sept 2026](https://millionrounds.com/company/orbis-medicines)[**Sylvia Health** $646K · Sept 2026](https://millionrounds.com/company/sylvia-health)[**EpiMass** $646K · Sept 2026](https://millionrounds.com/company/epimass)[**Zealand Pharma** $100M · Aug 2026](https://millionrounds.com/company/zealand-pharma)[**Curasight A/S** $3.1M · Jun 2026](https://millionrounds.com/company/curasight-a-s)[**Alcolase** $2.1M · May 2026](https://millionrounds.com/company/alcolase)

## Find investors like these

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