# Who Invests With Novartis: 42 Co-Investors (2026)

> The 42 investors that have backed two or more of the same startups as Novartis, by kind: vc firms, private equity and asset managers and corporate investors.

Source: https://millionrounds.com/portfolio-maps/novartis-co-investors (Millionrounds; every figure on the page links to its filing or article)

## VC firms

23

- [Versant Ventures](https://millionrounds.com/fund/versant-ventures)
- [Novo Holdings](https://millionrounds.com/fund/novo-ventures)
- [5AM Ventures](https://millionrounds.com/fund/5am-ventures)
- [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners)
- [Maverick Ventures](https://millionrounds.com/fund/maverick-ventures)
- [Fidelity](https://millionrounds.com/fund/fidelity)
- [Abingworth](https://millionrounds.com/fund/abingworth)
- [Mission BioCapital](https://millionrounds.com/fund/mission-biocapital)
- [Atlas Venture](https://millionrounds.com/fund/atlas-venture)
- [Seventure Partners](https://millionrounds.com/fund/seventure-partners)
- [Polaris Partners](https://millionrounds.com/fund/polaris-partners)
- [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital)
- [IP Group](https://millionrounds.com/fund/ip-group)
- [LRVHealth](https://millionrounds.com/fund/lrvhealth)
- [*SL* SV Life Sciences](https://millionrounds.com/fund/sv-life-sciences)
- [Sanofi](https://millionrounds.com/fund/sanofi)
- [Temasek Holdings](https://millionrounds.com/fund/temasek)
- [*BP* BVF Partners](https://millionrounds.com/fund/bvf-partners)
- [*AV* Alexandria Venture Investments](https://millionrounds.com/fund/alexandria-venture-investments)
- [Casdin Capital](https://millionrounds.com/fund/casdin-capital)
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- [Lux Capital](https://millionrounds.com/fund/lux-capital)
- [Redmile Group](https://millionrounds.com/fund/redmile-group)

## Private equity and asset managers

11

- [RA Capital Management](https://millionrounds.com/fund/ra-capital-management)
- [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management)
- [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors)
- [OrbiMed](https://millionrounds.com/fund/orbimed)
- [Invus](https://millionrounds.com/fund/invus)
- [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners)
- [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors)
- [MPM Capital](https://millionrounds.com/fund/mpm-bioimpact)
- [EcoR1 Capital](https://millionrounds.com/fund/ecor1-capital)
- [Foresite Capital](https://millionrounds.com/fund/forsite-capital)
- [Vivo Capital](https://millionrounds.com/fund/vivo-capital)

## Corporate investors

8

- [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund)
- [Google Ventures](https://millionrounds.com/fund/gv)
- [SR One](https://millionrounds.com/fund/sr-one)
- [AbbVie](https://millionrounds.com/fund/abbvie)
- [Astellas Venture Management](https://millionrounds.com/fund/astellas-venture-management)
- [Taiho Ventures](https://millionrounds.com/fund/taiho-ventures)
- [Eli Lilly](https://millionrounds.com/fund/eli-lilly)
- [*BI* Boehringer Ingelheim Venture Fund](https://millionrounds.com/fund/boehringer-ingelheim-venture-fund)

## Segment by segment

### VC firms

23 investors

- [**Versant Ventures**](https://millionrounds.com/fund/versant-ventures) VC firm United States 4 backed
- [**Novo Holdings**](https://millionrounds.com/fund/novo-ventures) VC firm Denmark 4 backed
- [**5AM Ventures**](https://millionrounds.com/fund/5am-ventures) VC firm United States 4 backed
- [**ARCH Venture Partners**](https://millionrounds.com/fund/arch-venture-partners) VC firm United States 3 backed
- [**Maverick Ventures**](https://millionrounds.com/fund/maverick-ventures) VC firm United States 3 backed
- [**Fidelity**](https://millionrounds.com/fund/fidelity) VC firm United States 3 backed
- [**Abingworth**](https://millionrounds.com/fund/abingworth) VC firm United Kingdom 3 backed
- [**Mission BioCapital**](https://millionrounds.com/fund/mission-biocapital) VC firm United States 3 backed

### Private equity and asset managers

11 investors

- [**RA Capital Management**](https://millionrounds.com/fund/ra-capital-management) Private equity United States 5 backed
- [**Cormorant Asset Management**](https://millionrounds.com/fund/cormorant-asset-management) Private equity United States 4 backed
- [**Perceptive Advisors**](https://millionrounds.com/fund/perceptive-advisors) Asset manager United States 4 backed
- [**OrbiMed**](https://millionrounds.com/fund/orbimed) Private equity United States 4 backed
- [**Invus**](https://millionrounds.com/fund/invus) Private equity United States 3 backed
- [**Forbion Capital Partners**](https://millionrounds.com/fund/forbion-capital-partners) Private equity Netherlands 3 backed
- [**Janus Henderson Investors**](https://millionrounds.com/fund/janus-henderson-investors) Private equity United Kingdom 3 backed
- [**MPM Capital**](https://millionrounds.com/fund/mpm-bioimpact) Private equity United States 2 backed

### Corporate investors

8 investors

- [**Novartis Venture Fund**](https://millionrounds.com/fund/novartis-venture-fund) Corporate investor Switzerland 8 backed
- [**Google Ventures**](https://millionrounds.com/fund/gv) Corporate investor United States 5 backed
- [**SR One**](https://millionrounds.com/fund/sr-one) Corporate investor United States 4 backed
- [**AbbVie**](https://millionrounds.com/fund/abbvie) Corporate investor United States 3 backed
- [**Astellas Venture Management**](https://millionrounds.com/fund/astellas-venture-management) Corporate investor United States 2 backed
- [**Taiho Ventures**](https://millionrounds.com/fund/taiho-ventures) Corporate investor United States 2 backed
- [**Eli Lilly**](https://millionrounds.com/fund/eli-lilly) Corporate investor United States 2 backed
- [*BI* **Boehringer Ingelheim Venture Fund**](https://millionrounds.com/fund/boehringer-ingelheim-venture-fund) Corporate investor Germany 2 backed

**How this map is made.** Every investor here has backed two or more of the same startups as Novartis, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Novartis. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **Novartis portfolio map** 68 startups · $7.0B](https://millionrounds.com/portfolio-maps/novartis-portfolio-map)[Sector portfolio **Novartis' Biotech portfolio** 51 startups · $5.4B](https://millionrounds.com/portfolio-maps/novartis-biotech-portfolio)[Investments abroad **Novartis' investments in the United States** 44 startups · $5.8B](https://millionrounds.com/portfolio-maps/novartis-investments-united-states)[Co-investors **Who invests with Lakestar** 111 co-investors](https://millionrounds.com/portfolio-maps/lakestar-co-investors)[Co-investors **Who invests with Verve Ventures** 43 co-investors](https://millionrounds.com/portfolio-maps/verve-ventures-co-investors)[Co-investors **Who invests with B2venture** 35 co-investors](https://millionrounds.com/portfolio-maps/b2venture-co-investors)

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