# NorthSea Therapeutics funding: rounds and investors

> NorthSea Therapeutics has raised $109M across 2 rounds since 2017. Investors include Forbion Capital Partners, Novo Holdings and Hercules Capital.

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

Netherlands · [Series C startup](https://millionrounds.com/companies)

# Who invested in *NorthSea Therapeutics*

2 rounds we have observed, with the 4 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

**$109M** raised across 2 rounds since 2017, from 2 sources

**$29M** Series A **$80M** Series C

- **Latest round:** Series C, $80M Dec 2021
- **Step-up i:** 2.7×
- **Investors:** 4 (1 led)

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.

2018 2019 2020 2021

**$29M** Series A

**$80M** Series C

- **First round:** Series A, $29M
- **Biggest round:** $80M
- **Between rounds:** 4 years

## The rounds

- **Dec 2021** Series C **$80M** *2 new* *1 returning* [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners) [Hercules Capital](https://millionrounds.com/fund/hercules-capital) Source recorded
- **Dec 2017** Series A **$29M** *2 new* [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners) Lead BGV/ Novo Seeds Reported by B3cnewswire

## 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.

**Series A** 2017 **Series C** 2021 [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners) L [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Hercules Capital](https://millionrounds.com/fund/hercules-capital) BGV/ Novo Seeds

## Everyone who backed them

[Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners) Private equity **2** rounds, led 1

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

[Hercules Capital](https://millionrounds.com/fund/hercules-capital) Venture debt **1** round

BGV/ Novo Seeds 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=northsea-therapeutics).

## Also claim to have backed them

This firm lists NorthSea Therapeutics as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[New Science Venture](https://millionrounds.com/fund/new-science-ventures) VC firm Per its own site

## Quick answers about NorthSea Therapeutics

### Who invested in NorthSea Therapeutics?

NorthSea Therapeutics's investors include Forbion Capital Partners, Novo Holdings, Hercules Capital and BGV/ Novo Seeds.

### How much has NorthSea Therapeutics raised?

NorthSea Therapeutics has raised $109M across 2 rounds since 2017.

### When did NorthSea Therapeutics last raise?

NorthSea Therapeutics's most recent round was a Series C of $80M in Dec 2021.

### What was NorthSea Therapeutics's biggest round?

Its most recent round, $80M in Dec 2021, is also its largest on record.

### Who backed NorthSea Therapeutics first?

NorthSea Therapeutics's first round on record, in Dec 2017, was backed by Forbion Capital Partners and BGV/ Novo Seeds.

### What stage is NorthSea Therapeutics at?

NorthSea Therapeutics's latest named round is a Series C, in Dec 2021.

### Where is NorthSea Therapeutics based?

NorthSea Therapeutics is based in the Netherlands.

### Who led NorthSea Therapeutics's rounds?

Forbion Capital Partners led the Series A in 2017.

## Companies like NorthSea Therapeutics

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

[**Cordys Analytics** $942K · Sept 2026](https://millionrounds.com/company/cordys-analytics)[**Phosphoenix** $1.8M · Sept 2026](https://millionrounds.com/company/phosphoenix)[**UCANACT** $923K · Sept 2026](https://millionrounds.com/company/ucanact)[**Whispp** $5.7M · Jul 2026](https://millionrounds.com/company/whispp)[**New Dawn Bio** $2.6M · Jun 2026](https://millionrounds.com/company/new-dawn-bio)[**Leyden Labs** $221M · Jun 2026](https://millionrounds.com/company/leyden-labs)

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