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.

Denmark · Investor
Last cheque observed Oct 2026; 203 cheques on record.
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36 cheques in the last 12 months
Mostly Series A and Series B: 62% of its rounds
Sole investor in 12 rounds, median $54M
7 exits from the portfolio
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
Every round we can evidence, newest first203 appearances
29 rounds
48 rounds
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.
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
Every fund on record that it has committed money to, and the managers who invest it.Source: fund news.
Managers it backs most
Most recent commitments
From their own portfolio page (on their website)
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.
Companies it backed that were later bought or listed7 in all
An exit counts when it came after the firm's first round in the company. From historical deal records.
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.
The latest companies Novo Holdings put money into.
1 episode naming Novo Holdings in the title.

Novo Holdings: Controlling Shareholder of Novo Nordisk, Europe's Most Valuable Company - With CEO, Kasim Kutay
MentionsNovo HoldingsNovo Nordisk
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.
203 investments on record, 36 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.
Its most recent investments on record: OMass Therapeutics (Series C, Oct 2026), AnaCardio (Series B, Oct 2026) and AvenCell (Series C, Sept 2026).
The median round it joins is $60M.
Sometimes: it led 3 of its 203 investments on record (1%).
Most of the companies it backs are in the United States (46%), Denmark (23%) and the United Kingdom (8%).
Yes: it is actively investing, with 36 investments in the last 12 months.
Most often RA Capital Management (20 rounds together), OrbiMed (18 rounds together) and New Enterprise Associates (17 rounds together).
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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