# Novo Nordisk: portfolio, investments and team > Novo Nordisk is a corporate vc. 6 investments on record, latest Apr 2010. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/novo-nordisk (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # Novo Nordisk Last cheque observed Apr 2010. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet Corporate VC Series C Series A Series B Cheques on record **0%** of best year **0** **cheques in 12 months**, 6 on record Since the last cheque **6024** days **00** hrs **00** min **00** sec Median round **$21M** Rounds led **0 of 6** Exits **1 from the portfolio** Mostly in **United States, 50%** Pitch Novo Nordisk ## Novo Nordisk highlights - 01 6 rounds on record - 02 Mostly Series C and Series A: 50% of its rounds - 03 1 exits from the portfolio ## What they do - **Type:** Corporate VC (from a list, unverified) - **Cheque size:** Not stated - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **6 appearances** - **2010** 1 round - **Apr** **[Affimed Therapeutics](https://millionrounds.com/company/affimed-therapeutics)** Series C · DE · fiercebiotech.com **$27M** With 2 others - **2008** 2 rounds - **Sept** **[Osprey Pharmaceuticals USA](https://millionrounds.com/company/osprey-pharmaceuticals-usa)** Series A · US · ospreypharma.com **$11M** With 5 others - **Mar** **[PIERIS Proteolab](https://millionrounds.com/company/pieris-proteolab)** Series B · DE · pieris-ag.com **$39M** With 4 others - **2007** 1 round - **Oct** **[Xencor](https://millionrounds.com/company/xencor)** Series E · US **$15M** With 2 others - **2004** 1 round - **Sept** **[Innate Pharma](https://millionrounds.com/company/innate-pharma)** Series C · FR **$18M** With 7 others - **2003** 1 round - **Feb** **[TransTech Pharma](https://millionrounds.com/company/transtech-pharma)** Venture · US **$25M** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **0** of 2 we have independently watched raise Get started today stock watch Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Xencor](https://millionrounds.com/company/xencor)** Listed **$70M** Dec 2013 An exit counts when it came after the firm's first round in the company. From historical deal records. ## Companies it bought Acquisitions by the firm itself **[Calibrium](https://millionrounds.com/company/calibrium)** **Undisclosed** Aug 2015 **MB2** **Undisclosed** Aug 2015 **Xellia Pharmaceuticals** **$700M** May 2013 **Aldaph SpA** **Undisclosed** Oct 2003 ## The cheque Series C Series A Series B Median round joined **$21M** the round, not its cheque Led 0 of 6 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Apr 2010 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series C *2* - Series A *1* - Series B *1* - Series E *1* - Venture *1* Cheques by year Led Joined 2003 2010 **Pitching Novo Nordisk?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## On podcasts 4 episodes naming Novo Nordisk in the title, and 4 more that mention it. - [In Good Company](https://millionrounds.com/podcasts/in-good-company) 24 Jul 2024 · 39 min Rerun: Lars Fruergaard Jørgensen CEO of Novo Nordisk Mentions [Novo Nordisk](https://millionrounds.com/fund/novo-nordisk) Apple PodcastsShow page - [Money Maze Podcast](https://millionrounds.com/podcasts/money-maze) 30 May 2024 · 39 min Novo Holdings: Controlling Shareholder of Novo Nordisk, Europe's Most Valuable Company - With CEO, Kasim Kutay Mentions [Novo Holdings](https://millionrounds.com/fund/novo-ventures)[Novo Nordisk](https://millionrounds.com/fund/novo-nordisk) Apple PodcastsShow page - [Acquired](https://millionrounds.com/podcasts/acquired) 22 Jan 2024 · 3h 36m Novo Nordisk (Ozempic) Mentions [Novo Nordisk](https://millionrounds.com/fund/novo-nordisk) Apple PodcastsShow page - [In Good Company](https://millionrounds.com/podcasts/in-good-company) 15 Mar 2023 · 38 min Lars Fruergaard Jørgensen CEO of Novo Nordisk Mentions [Novo Nordisk](https://millionrounds.com/fund/novo-nordisk) Apple PodcastsShow page ### Mentioned in - [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 8 Jun 2026 · 58 min 510. The Hyper-Scaler CEO Whisperer and Founder of the Lean Startup Movement on Incorruptible Startups, Building to Thrive and Survive, and Creating a Governance Fortress (Eric Ries) Apple PodcastsShow page - [Masters of Scale](https://millionrounds.com/podcasts/masters-of-scale) 26 May 2026 · 48 min Why success destroys the companies we love, with Eric Ries Apple Podcasts - [TBPN](https://millionrounds.com/podcasts/tbpn) 24 Jun 2025 · 3h 48m Hims & Hers Stock Drops Over 30%, All-In Launches Ultra Premium Tequila | Crémieux, Clément Delangue, Emmett Shear, Brendan Foody, Sam Schwager, Zach Lloyd, Dara Ladjevardian, Amjad Masad, Angus Muffatti Apple PodcastsShow page - [Acquired](https://millionrounds.com/podcasts/acquired) 16 Dec 2024 · 3h 44m Mars Inc. (the chocolate story) Apple PodcastsShow page ## Quick answers about Novo Nordisk ### What does Novo Nordisk invest in? Novo Nordisk invests most often at Series C and Series A (50% of the rounds on record). ### How active is Novo Nordisk? 6 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2010. ### How big are Novo Nordisk's cheques? The median round it joins is $21M. ### Does Novo Nordisk lead rounds? Rarely, if at all: none of its 6 investments on record names it as the lead. ### Where does Novo Nordisk invest? Most of the companies it backs are in the United States (50%), Germany (33%) and France (17%). ### Is Novo Nordisk investing now? No investments in the last 12 months; the latest was in Apr 2010. ### What kind of investor is Novo Nordisk? Novo Nordisk is a corporate VC. ### When was Novo Nordisk founded? Novo Nordisk was founded in 1923. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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