# Orbis Medicines funding: rounds and investors

> Orbis Medicines has raised $187M across 2 rounds since 2025. Investors include New Enterprise Associates, Novo Holdings and Cormorant Asset Management.

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

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

# Who invested in *Orbis Medicines*

2 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.

Healthcare

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$187M** raised across 2 rounds since 2025, from 3 sources

**$94M** Series A **$94M** Venture

- **Latest round:** Venture, $94M Sept 2026
- **Investors:** 8 (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.

2025 2026

**$94M** Series A

**$94M** Venture

- **First round:** Series A, $94M
- **Biggest round:** $94M
- **Between rounds:** 20 months

## The rounds

- **Sept 2026** Venture **$94M** *5 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners) Source recorded
- **Jan 2025** Series A **$94M** *8 new* [NEA - New Enterprise Associates](https://millionrounds.com/fund/nea-new-enterprise-associates) Lead [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners) [Cormorant](https://millionrounds.com/fund/cormorant) [Export and Investment Fund of Denmark](https://millionrounds.com/fund/export-and-investment-fund-of-denmark) Reported by Silicon Canals and 1 other

## Founders and team

From Orbis Medicines's own website: 6 on the team.

- **Morten Graugaard** CEO
- **Lena Tagmose** CTO, Early Discovery and Platform Technologies
- **Mikkel Dybkjær** CFO / COO
- **Oliver Horlacher** VP, AI & Computational Drug Design
- **Paul Cox** VP, Platform Chemistry
- **Mikael Dolsten** Chairman

## 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** 2025 **Venture** 2026 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners) [NEA - New Enterprise Associates](https://millionrounds.com/fund/nea-new-enterprise-associates) L [Cormorant](https://millionrounds.com/fund/cormorant) [Export and Investment Fund of Denmark](https://millionrounds.com/fund/export-and-investment-fund-of-denmark)

## Everyone who backed them

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **2** rounds

[Novo Holdings](https://millionrounds.com/fund/novo-ventures) VC firm **2** rounds

[Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) Private equity **2** rounds

[Eli Lilly](https://millionrounds.com/fund/eli-lilly) Corporate VC **2** rounds

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

[NEA - New Enterprise Associates](https://millionrounds.com/fund/nea-new-enterprise-associates) VC firm **1** round, led 1

[Cormorant](https://millionrounds.com/fund/cormorant) VC firm **1** round

[Export and Investment Fund of Denmark](https://millionrounds.com/fund/export-and-investment-fund-of-denmark) VC firm **1** round

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

## Quick answers about Orbis Medicines

### Who invested in Orbis Medicines?

Orbis Medicines's investors include New Enterprise Associates, Novo Holdings, Cormorant Asset Management, Eli Lilly and Forbion Capital Partners, and 3 more on record.

### How much has Orbis Medicines raised?

Orbis Medicines has raised $187M across 2 rounds since 2025.

### When did Orbis Medicines last raise?

Orbis Medicines's most recent round was a Venture of $94M in Sept 2026.

### What was Orbis Medicines's biggest round?

Its most recent round, $94M in Sept 2026, is also its largest on record.

### Who backed Orbis Medicines first?

Orbis Medicines's first round on record, in Jan 2025, was backed by NEA - New Enterprise Associates, New Enterprise Associates and Novo Holdings and 5 others.

### What stage is Orbis Medicines at?

Orbis Medicines's latest named round is a Venture, in Sept 2026.

### Where is Orbis Medicines based?

Orbis Medicines is based in Denmark.

### Who led Orbis Medicines's rounds?

NEA - New Enterprise Associates led the Series A in 2025.

## Companies like Orbis Medicines

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

[**EpiMass** $646K · Sept 2026](https://millionrounds.com/company/epimass)[**Sylvia Health** $646K · Sept 2026](https://millionrounds.com/company/sylvia-health)[**gMendel** $1.4M · Apr 2026](https://millionrounds.com/company/gmendel)[**ADCendo** $210M · Apr 2026](https://millionrounds.com/company/adcendo)[**Galecto** $365M · Feb 2026](https://millionrounds.com/company/galecto)[**Hemi Health** $4.7M · Feb 2026](https://millionrounds.com/company/hemi-health)

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