Denmark · Investor

Novo Holdings

Last cheque observed Oct 2026; 203 cheques on record.

Deploying nowVC firm

SeedSeries ASeries BFintechsRegtechFinserv

Deploying now
75%of best year36cheques in 12 months, 203 on record
Since the last cheque16days00hrs00min00sec
Median round$60MRounds led3 of 203Sole investor12 roundsExits7 from the portfolioMostly inUnited States, 46%
Pitch Novo Holdings

Novo Holdings highlights

  1. 01

    36 cheques in the last 12 months

  2. 02

    Mostly Series A and Series B: 62% of its rounds

  3. 03

    Sole investor in 12 rounds, median $54M

  4. 04

    7 exits from the portfolio

What they do

Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation.From their own website
Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowthPre-IPO
Sectors
FintechsRegtechFinserv
Based in
Hellerup, Denmark
Cold pitches
Not stated

The record

Every round we can evidence, newest first203 appearances

  1. 2026

    29 rounds

  2. Oct
  3. Oct
    AnaCardioSeries B · CH · Firms' own news pages$71MWith 10 others
  4. Sept
    AvenCellSeries C · US$6.0MWith 1 other
  5. Sept
    Breye TherapeuticsSeries A · DK · Sound Bioventures$77MWith 11 others
  6. Sept
    TempusGrant · KY$9.5MWith 3 others
  7. Sept
    Orbis MedicinesVenture · DK$94MWith 4 others
  8. Aug
    MapLight TherapeuticsUS$150MWith 2 others
  9. Jul
    Crystalys TherapeuticsSeries B · Frazier Life Sciences$130MWith 10 others
  10. Jul
    Roslin TechnologiesVenture · GBUndisclosedWith 3 others
  11. Jul
    Claris BiotherapeuticsSeries B · US$118MWith 4 others
  12. Jun
    cAMPfield Therapeutics, Inc.Series A · US · Frazier Life Sciences$180MWith 7 others
  13. Jun
    Mistral AIFR · TechCrunch$1.2BWith 3 others
  14. Jun
    The Protein BrewerySeries B · NL$21MWith 1 other
  15. May
    Mirum PharmaceuticalsDebt · US$600MWith 3 others
  16. May
    Windward BioSeries B · CH$165MWith 4 others
  17. Apr
    Ray TherapeuticsSeries B · US · 4BIO Capital$125MWith 10 others
  18. Apr
    AdcendoSeries C · DK · Ventureburn$75MWith 9 others
  19. Apr
    Route 92 MedicalGrowth · US · U.S. Venture Partners$50MWith 1 other
  20. Apr
    Coultreon BiopharmaSeries A · BE$125MWith 2 others
  21. Apr
    Terremoto BiosciencesSeries C · US$108MWith 3 others
  22. Apr
    Spruce BiosciencesUS$60MWith 2 others
  23. Apr
    SUBRA A/SSeries A · DK$47MWith 1 other
  24. Feb
    Alveus Therapeutics Inc.Series A · US · Seroba Life Sciences$197MWith 8 others
  25. Feb
    Centauri TherapeuticsSeries A · GB$8.1MWith 2 others
  26. Feb
    ReducedSeries A · DK$4.7MWith 2 others
  27. Jan
    Spruce BiosciencesVenture · USUndisclosedWith 3 others
  28. Jan
    Praxis Precision MedicinesUS$575MWith 2 others
  29. Jan
    Muna TherapeuticsGrant · DK$1.0MWith 3 others
  30. Jan
    BactolifeSeries B · DK$35MWith 1 other
  31. 2025

    48 rounds

  32. Dec
    Sidera BioSeries A · DK$109MWith 3 others
  33. Dec
    Mirum PharmaceuticalsUS$69MWith 3 others
  34. Dec
    The Protein BreweryGrant · NL$2.7MWith 2 others
  35. Nov
    ChromologicsVenture · DK$8.1MWith 2 others
  36. Nov
    Blue Planet Environmental SolutionVenture · SGUndisclosedSole investor
  37. Nov
    Booster TherapeuticsGrant · DE$5.0MWith 1 other
  38. Nov
    Cogent BiosciencesDebt · US$200MWith 6 others
  39. Oct
    LEXEO TherapeuticsUS$154MWith 4 others
  40. Oct
    Expedition TherapeuticsSeries A · US$165MWith 3 others
  41. Oct
    Cleveland DiagnosticsVenture · US$14MSole investor
  42. Oct
    Disc MedicineUS$225MWith 5 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 43 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.

Funds they back

4 fund commitments on record

Managers
3

Every fund on record that it has committed money to, and the managers who invest it.Source: fund news.

What they claim to have backed

From their own portfolio page (on their website)

0 of 1 we have independently watched raise

Novo Nordisk Foundation

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 listed7 in all

Alios BioPharmaBought by Johnson & Johnson$1.8BSept 2014
CellBiosciencesBought by Bio-TechneUndisclosedJun 2014
NeomendBought by C. R. Bard$140MOct 2012
Elevation PharmaceuticalsBought by Sunovion Pharmaceuticals$430MAug 2012
Synosia TherapeuticsBought by Biotie Therapies$122MJan 2011
Foldrx PharmaceuticalsBought by PfizerUndisclosedSept 2010
Gloucester PharmaceuticalsBought by Celgene$640MDec 2009

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Novo Holdings. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Novo Holdings put money into.

On podcasts

1 episode naming Novo Holdings in the title.

Quick answers about Novo Holdings

What does Novo Holdings invest in?

Novo Holdings invests most often at Series A and Series B (62% of the rounds on record), in sectors such as Fintechs, Regtech and Finserv.

How active is Novo Holdings?

203 investments on record, 36 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

What has Novo Holdings invested in recently?

Its most recent investments on record: OMass Therapeutics (Series C, Oct 2026), AnaCardio (Series B, Oct 2026) and AvenCell (Series C, Sept 2026).

How big are Novo Holdings's cheques?

The median round it joins is $60M.

Does Novo Holdings lead rounds?

Sometimes: it led 3 of its 203 investments on record (1%).

Where does Novo Holdings invest?

Most of the companies it backs are in the United States (46%), Denmark (23%) and the United Kingdom (8%).

Is Novo Holdings investing now?

Yes: it is actively investing, with 36 investments in the last 12 months.

Who does Novo Holdings invest alongside?

Most often RA Capital Management (20 rounds together), OrbiMed (18 rounds together) and New Enterprise Associates (17 rounds together).

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it