Investments abroad · VC firm · Denmark

Novo Holdings' investments in the United States

Novo Holdings, based in Denmark, has backed 64 startups in the United States in rounds we track, $11B between them, grouped by their main sector.

64startups backed
6sectors
$11Braised between them
Biotechbiggest sector

Novo Holdings's whole portfolioNovo Holdings's profile

Biotech

43

+19 more

Pharma

12

Healthtech

3

AI

2

Foodtech

2

Energy

2

Segment by segment

Biotech

43 startups · $6.0B raised

  1. Mirum PharmaceuticalsMirum Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of therapies.United States$669M
  2. Morphic TherapeuticMorphic Therapeutic is a biotechnology company that develops oral integrin therapies to treat serious chronic diseases.United States$328M
  3. ArcellxArcellx is a clinical-stage biotechnology company focused on developing innovative immunotherapies for cancer and other incurable diseases.United States$285M
  4. Terremoto BiosciencesTerremoto Biosciences is a clinical-stage biotechnology company founded in 2021, focused on covalent drug discovery and development.United States$283M
  5. Expedition TherapeuticsExpedition Therapeutics is a biotechnology company based in San Francisco, founded in 2024.United States$280M
  6. Disc MedicineDisc Medicine is a biopharmaceutical company that develops therapies for hematologic diseases and rare blood disorders.United States$275M
  7. Galera TherapeuticsGalera Therapeutics develops therapeutic agents for preventing damage to normal tissues during the radiation treatment of cancer.United States$219M
  8. Cogent BiosciencesCogent Biosciences is a biotechnology company that develops therapies for solid cancer tumors.United States$200M

Pharma

12 startups · $2.1B raised

  1. MapLight TherapeuticsMapLight Therapeutics is a biopharma company that offers a platform designed to discover and develop therapeutics for brain disorders.United States$523M
  2. CTCrystalys TherapeuticsUnited States$335M
  3. AllakosAllakos is a biotechnology company developing therapeutic antibodies targeting allergy, inflammatory and proliferative diseases.United States$294M
  4. Harmony BiosciencesHarmony Biosciences is a pharmaceutical company that develops and commercializes novel therapies for rare neurological disorders.United States$248M
  5. Cyteir TherapeuticsCyteir is developing the next generation of synthetic lethal therapies to treat cancer.United States$126M
  6. KalVista PharmaceuticalsKalVista Pharmaceuticals focuses on developing oral medicines, particularly for managing hereditary angioedema.United States$125M
  7. Claris BiotherapeuticsClaris Biotherapeutics is a late-clinical stage biotechnology company based in Jersey City, New Jersey.United States$124M
  8. Avalyn PharmaAvalyn Pharma is a biopharma company developing therapies for the treatment of idiopathic pulmonary fibrosis and other respiratory diseases.United States$100M

Healthtech

3 startups · $328M raised

  1. Nalu MedicalNalu Medical is a medical technology company that develops innovative solutions for patients with chronic neuropathic pain.United States$147M
  2. Supira MedicalSupira Medical is a clinical-stage medical device company based in Los Gatos, California.United States$136M
  3. AvenCellAvenCell Therapeutics, Inc.United States$46M

AI

2 startups · $75M raised

  1. OctaveOctave Capital partners with venture-backed and founder run technology companies to provide flexible growth capital and liquidity.United States$65M
  2. KebotixKebotix is an AI and robotics-driven technology company located in Cambridge, Massachusetts.United States$10M

Foodtech

2 startups · $551M raised

  1. BbotBbot is a restaurant and hospitality tech startup dedicated to simplifying and improving the ordering and payment process.United States$476M
  2. Kate FarmsKate Farms offers plant-based shakes and formulas for tube-fed adults and children.United States$75M

Energy

2 startups · $1.4B raised

  1. EnergyReEnergyRe is at the center of the clean energy future.United States$1.2B
  2. LanzaTechLanzaTech reduces emissions and makes new products for a circular carbon economy.United States$206M

How this map is made. Every startup here has raised money in a round we track that names Novo Holdings as an investor and is based in United States. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

More portfolio maps

All portfolios
Portfolio mapNovo Holdings portfolio map123 startups · $21BSector portfolioNovo Holdings' Biotech portfolio88 startups · $9.4BCo-investorsWho invests with Novo Holdings87 co-investorsSector portfolioNovo Holdings' Pharma portfolio17 startups · $2.8BInvestments abroadSeed Capital's investments in the United States32 startups · $498MInvestments abroadIndex Ventures' investments in the United States217 startups · $50B

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