# Novo Holdings Portfolio Map 2026: 123 Startups by Sector > Novo Holdings's portfolio mapped: 123 startups it has backed, in 6 sectors from Biotech, Pharma and Healthtech on. Source: https://millionrounds.com/portfolio-maps/novo-ventures-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Biotech 88 - [Mirum Pharmaceuticals](https://millionrounds.com/company/mirum-pharmaceuticals) - [Windward Bio](https://millionrounds.com/company/windward-bio) - [Morphic Therapeutic](https://millionrounds.com/company/morphic-therapeutic) - [Arcellx](https://millionrounds.com/company/arcellx) - [Terremoto Biosciences](https://millionrounds.com/company/terremoto-biosciences) - [Expedition Therapeutics](https://millionrounds.com/company/expedition-therapeutics) - [Disc Medicine](https://millionrounds.com/company/disc-medicine) - [Galera Therapeutics](https://millionrounds.com/company/galera-therapeutics) - [ADCendo](https://millionrounds.com/company/adcendo) - [Cogent Biosciences](https://millionrounds.com/company/cogent-biosciences) - [Alveus Therapeutics Inc.](https://millionrounds.com/company/alveus-therapeutics-inc) - [Alentis Therapeutics](https://millionrounds.com/company/alentis-therapeutics) - [Unchained Labs](https://millionrounds.com/company/unchained-labs) - [*BB* Bolt Biotherapeutics](https://millionrounds.com/company/bolt-biotherapeutics) - [Callio Therapeutics](https://millionrounds.com/company/callio-therapeutics) - [Bluejay Therapeutics](https://millionrounds.com/company/bluejay-therapeutics) - [FIRE1](https://millionrounds.com/company/fire1) - [Nuvig Therapeutics](https://millionrounds.com/company/nuvig-therapeutics) - [Glycomine](https://millionrounds.com/company/glycomine) - [Hemab](https://millionrounds.com/company/hemab) - [LEXEO Therapeutics](https://millionrounds.com/company/lexeo-therapeutics) - [Clasp Therapeutics](https://millionrounds.com/company/clasp-therapeutics) - [Hummingbird Bioscience](https://millionrounds.com/company/hummingbird-bioscience) - [Freeline](https://millionrounds.com/company/freeline) +64 more ## Pharma 17 - [MapLight Therapeutics](https://millionrounds.com/company/maplight-therapeutics) - [OMass Therapeutics](https://millionrounds.com/company/omass-therapeutics) - [*CT* Crystalys Therapeutics](https://millionrounds.com/company/crystalys-therapeutics) - [Allakos](https://millionrounds.com/company/allakos) - [Harmony Biosciences](https://millionrounds.com/company/harmony-biosciences) - [Cyteir Therapeutics](https://millionrounds.com/company/cyteir-therapeutics) - [KalVista Pharmaceuticals](https://millionrounds.com/company/kalvista-pharmaceuticals) - [Claris Biotherapeutics](https://millionrounds.com/company/claris-biotherapeutics) - [Avalyn Pharma](https://millionrounds.com/company/avalyn-pharma) - [21st.BIO](https://millionrounds.com/company/21st-bio) - [Augustine Therapeutics](https://millionrounds.com/company/augustine-therapeutics) - [Rondo Therapeutics](https://millionrounds.com/company/rondo-therapeutics) - [Thesan Pharmaceuticals](https://millionrounds.com/company/thesan-pharmaceuticals) - [Invetx](https://millionrounds.com/company/invetx) - [Spruce Biosciences](https://millionrounds.com/company/spruce-biosciences) - [Biosyntia](https://millionrounds.com/company/biosyntia) - [Muna Therapeutics](https://millionrounds.com/company/muna-therapeutics) ## Healthtech 7 - [Orbis Medicines](https://millionrounds.com/company/orbis-medicines) - [Halodoc](https://millionrounds.com/company/halodoc) - [Nalu Medical](https://millionrounds.com/company/nalu-medical) - [Supira Medical](https://millionrounds.com/company/supira-medical) - [AvenCell](https://millionrounds.com/company/avencell) - [CorWave](https://millionrounds.com/company/corwave) - [Doctor Anywhere](https://millionrounds.com/company/doctor-anywhere) ## AI 4 - [Mistral AI](https://millionrounds.com/company/mistral-ai) - [Octave](https://millionrounds.com/company/octave) - [Exscientia](https://millionrounds.com/company/exscientia) - [Kebotix](https://millionrounds.com/company/kebotix) ## Foodtech 4 - [Bbot](https://millionrounds.com/company/bbot) - [Kate Farms](https://millionrounds.com/company/kate-farms) - [MATR Foods](https://millionrounds.com/company/matr-foods) - [Reduced](https://millionrounds.com/company/reduced) ## Manufacturing 3 - [CIRCTEC](https://millionrounds.com/company/circtec) - [*SP* Stargazer Pharmaceuticals](https://millionrounds.com/company/stargazer-pharmaceuticals) - [Sparrow Quantum](https://millionrounds.com/company/sparrow-quantum) ## Segment by segment ### Biotech 88 startups · $9.4B raised - [**Mirum Pharmaceuticals**](https://millionrounds.com/company/mirum-pharmaceuticals) Mirum Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of therapies. United States $669M - [**Windward Bio**](https://millionrounds.com/company/windward-bio) Windward Bio is a clinical-stage biotechnology company with deep discovery, development, and commercialization expertise committed Switzerland $365M - [**Morphic Therapeutic**](https://millionrounds.com/company/morphic-therapeutic) Morphic Therapeutic is a biotechnology company that develops oral integrin therapies to treat serious chronic diseases. United States $328M - [**Arcellx**](https://millionrounds.com/company/arcellx) Arcellx is a clinical-stage biotechnology company focused on developing innovative immunotherapies for cancer and other incurable diseases. United States $285M - [**Terremoto Biosciences**](https://millionrounds.com/company/terremoto-biosciences) Terremoto Biosciences is a clinical-stage biotechnology company founded in 2021, focused on covalent drug discovery and development. United States $283M - [**Expedition Therapeutics**](https://millionrounds.com/company/expedition-therapeutics) Expedition Therapeutics is a biotechnology company based in San Francisco, founded in 2024. United States $280M - [**Disc Medicine**](https://millionrounds.com/company/disc-medicine) Disc Medicine is a biopharmaceutical company that develops therapies for hematologic diseases and rare blood disorders. United States $275M - [**Galera Therapeutics**](https://millionrounds.com/company/galera-therapeutics) Galera Therapeutics develops therapeutic agents for preventing damage to normal tissues during the radiation treatment of cancer. United States $219M ### Pharma 17 startups · $2.8B raised - [**MapLight Therapeutics**](https://millionrounds.com/company/maplight-therapeutics) MapLight Therapeutics is a biopharma company that offers a platform designed to discover and develop therapeutics for brain disorders. United States $523M - [**OMass Therapeutics**](https://millionrounds.com/company/omass-therapeutics) OMass Therapeutics is a biotechnology company located in Oxford, UK, focused on discovering and developing novel small molecule me United Kingdom $442M - [*CT* **Crystalys Therapeutics**](https://millionrounds.com/company/crystalys-therapeutics) United States $335M - [**Allakos**](https://millionrounds.com/company/allakos) Allakos is a biotechnology company developing therapeutic antibodies targeting allergy, inflammatory and proliferative diseases. United States $294M - [**Harmony Biosciences**](https://millionrounds.com/company/harmony-biosciences) Harmony Biosciences is a pharmaceutical company that develops and commercializes novel therapies for rare neurological disorders. United States $248M - [**Cyteir Therapeutics**](https://millionrounds.com/company/cyteir-therapeutics) Cyteir is developing the next generation of synthetic lethal therapies to treat cancer. United States $126M - [**KalVista Pharmaceuticals**](https://millionrounds.com/company/kalvista-pharmaceuticals) KalVista Pharmaceuticals focuses on developing oral medicines, particularly for managing hereditary angioedema. United States $125M - [**Claris Biotherapeutics**](https://millionrounds.com/company/claris-biotherapeutics) Claris Biotherapeutics is a late-clinical stage biotechnology company based in Jersey City, New Jersey. United States $124M ### Healthtech 7 startups · $767M raised - [**Orbis Medicines**](https://millionrounds.com/company/orbis-medicines) Orbis Medicines is a biotechnology company based in Copenhagen, Denmark, with an additional presence in Lausanne, Switzerland. Denmark $187M - [**Halodoc**](https://millionrounds.com/company/halodoc) Halodoc is Indonesia's leading digital health ecosystem, established in 2016 and headquartered in Jakarta. Indonesia $165M - [**Nalu Medical**](https://millionrounds.com/company/nalu-medical) Nalu Medical is a medical technology company that develops innovative solutions for patients with chronic neuropathic pain. United States $147M - [**Supira Medical**](https://millionrounds.com/company/supira-medical) Supira Medical is a clinical-stage medical device company based in Los Gatos, California. United States $136M - [**AvenCell**](https://millionrounds.com/company/avencell) AvenCell Therapeutics, Inc. United States $46M - [**CorWave**](https://millionrounds.com/company/corwave) CorWave is a French medical device company founded in 2012, specializing in innovative implantable cardiac assist devices. France $46M - [**Doctor Anywhere**](https://millionrounds.com/company/doctor-anywhere) Doctor Anywhere is a tech-enabled healthcare service provider based in Singapore, founded in 2015. Singapore $41M ### AI 4 startups · $7.6B raised - [**Mistral AI**](https://millionrounds.com/company/mistral-ai) Mistral AI is an AI startup that provides developers and businesses access to open and portable generative AI solutions. France $7.5B - [**Octave**](https://millionrounds.com/company/octave) Octave Capital partners with venture-backed and founder run technology companies to provide flexible growth capital and liquidity. United States $65M - [**Exscientia**](https://millionrounds.com/company/exscientia) Exscientia is a pharmatech company that uses an end-to-end AI platform to design and discover new drugs. United Kingdom $28M - [**Kebotix**](https://millionrounds.com/company/kebotix) Kebotix is an AI and robotics-driven technology company located in Cambridge, Massachusetts. United States $10M ### Foodtech 4 startups · $588M raised - [**Bbot**](https://millionrounds.com/company/bbot) Bbot is a restaurant and hospitality tech startup dedicated to simplifying and improving the ordering and payment process. United States $476M - [**Kate Farms**](https://millionrounds.com/company/kate-farms) Kate Farms offers plant-based shakes and formulas for tube-fed adults and children. United States $75M - [**MATR Foods**](https://millionrounds.com/company/matr-foods) Matr Foods is a Danish food-tech startup based in Copenhagen, founded in 2021. Denmark $23M - [**Reduced**](https://millionrounds.com/company/reduced) Reduced develops natural flavor enhancers from upcycled produce. Denmark $14M ### Manufacturing 3 startups · $244M raised - [**CIRCTEC**](https://millionrounds.com/company/circtec) Circtec is a London-based technology company founded in 2009 that focuses on the circular economy by converting end-of-life tyres United Kingdom $163M - [*SP* **Stargazer Pharmaceuticals**](https://millionrounds.com/company/stargazer-pharmaceuticals) Stargazer Pharmaceuticals is a biotechnology company that develops and commercializes therapies for the treatment of eye diseases. United States $57M - [**Sparrow Quantum**](https://millionrounds.com/company/sparrow-quantum) Sparrow Quantum develope and commercializes photonic quantum technology components. Denmark $24M **How this map is made.** Every startup here has raised money in a round we track that names Novo Holdings as an investor, the first in 2006. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [VC firm · Denmark **Seed Capital** 111 startups · 12 sectors · $2.4B](https://millionrounds.com/portfolio-maps/seed-capital-portfolio-map)[VC firm · Denmark **Heartcore Capital** 33 startups · 6 sectors · $817M](https://millionrounds.com/portfolio-maps/heartcore-capital-portfolio-map)[VC firm · Denmark **ByFounders** 28 startups · 3 sectors · $2.0B](https://millionrounds.com/portfolio-maps/byfounders-portfolio-map)[Venture studio · Denmark **PSV** 45 startups · 10 sectors · $348M](https://millionrounds.com/portfolio-maps/psv-portfolio-map)[Accelerator · United States **Y Combinator** 2,679 startups · 12 sectors · $111B](https://millionrounds.com/portfolio-maps/y-combinator-portfolio-map)[VC firm · United States **Techstars** 1,119 startups · 12 sectors · $16B](https://millionrounds.com/portfolio-maps/techstars-portfolio-map) ## Raising from investors like Novo Holdings? 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