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Novo Holdings

Tuborg Havnevej 19, Hellerup, 2900, Denmark

Overview

Holding company specializing in life science investments for long-term valu

Founded

1999

Deals · 12mo

21

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B
Series C

Geographic focus

Denmark
Switzerland
United Kingdom
United States

Sector focus

Finance
Financial Services
FinTech
Venture Capital

Investment portfolio

249rounds
NAMEDATESIZE
AnaCardio
Sep 2026Led
$71 MSeries B
Breye Therapeutics
Sep 2026Led
$77 MSeries A
Expedition Therapeutics
Aug 2026Participated
$115 MSeries B
Claris Biotherapeutics
Jul 2026Participated
$118 MSeries B
Crystalys Therapeutics
Jul 2026Participated
$130 MSeries B
The Protein Brewery
Jul 2026Participated
$21 MSeries B
cAMPfield Therapeutics
May 2026Participated
$180 MSeries A
Windward Bio
May 2026Participated
$165 MOther Equity
Coultreon Biopharma
Apr 2026Participated
$125 MSeries A
Ray Therapeutics
Apr 2026Participated
$125 MSeries B
Subra
Apr 2026Led
$47 MSeries A
Terremoto Biosciences
Apr 2026Participated
$108 MSeries C
AnaCardio
Sep 2026Led
$71 MSeries B
Breye Therapeutics
Sep 2026Led
$77 MSeries A
Expedition Therapeutics
Aug 2026Participated
$115 MSeries B
Claris Biotherapeutics
Jul 2026Participated
$118 MSeries B
Crystalys Therapeutics
Jul 2026Participated
$130 MSeries B
The Protein Brewery
Jul 2026Participated
$21 MSeries B
cAMPfield Therapeutics
May 2026Participated
$180 MSeries A
Windward Bio
May 2026Participated
$165 MOther Equity
Coultreon Biopharma
Apr 2026Participated
$125 MSeries A
Ray Therapeutics
Apr 2026Participated
$125 MSeries B
Subra
Apr 2026Led
$47 MSeries A
Terremoto Biosciences
Apr 2026Participated
$108 MSeries C
249
Items
...
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Insights

Time horizon

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Deal Distribution

Novo Holdings: 249 funding rounds are recorded in the selected participation categories.All available history.
Novo Holdings: 249 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed75
Series A3133
Series B1643
Series C+2836
Other Equity1632
Debt20

Monthly Deal Activity

Novo Holdings: 249 deals are recorded across 228 months.All available history.
Novo Holdings: 249 deals are recorded across 228 months. All available history
MonthDeals
Nov '071
Dec '070
Jan '080
Feb '080
Mar '080
Apr '080
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '091
Nov '090
Dec '092
Jan '100
Feb '100
Mar '100
Apr '101
May '102
Jun '100
Jul '101
Aug '100
Sep '101
Oct '101
Nov '100
Dec '100
Jan '111
Feb '111
Mar '111
Apr '110
May '110
Jun '110
Jul '111
Aug '111
Sep '111
Oct '110
Nov '110
Dec '110
Jan '120
Feb '121
Mar '121
Apr '122
May '120
Jun '120
Jul '121
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '131
Apr '130
May '133
Jun '131
Jul '130
Aug '131
Sep '131
Oct '130
Nov '131
Dec '130
Jan '140
Feb '140
Mar '141
Apr '143
May '143
Jun '140
Jul '140
Aug '140
Sep '141
Oct '140
Nov '140
Dec '140
Jan '150
Feb '151
Mar '150
Apr '150
May '150
Jun '151
Jul '153
Aug '151
Sep '150
Oct '151
Nov '150
Dec '150
Jan '161
Feb '160
Mar '161
Apr '161
May '160
Jun '162
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '171
Mar '171
Apr '171
May '171
Jun '170
Jul '172
Aug '171
Sep '170
Oct '171
Nov '171
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '181
Jul '180
Aug '182
Sep '181
Oct '182
Nov '181
Dec '181
Jan '191
Feb '191
Mar '190
Apr '191
May '192
Jun '191
Jul '190
Aug '192
Sep '192
Oct '194
Nov '190
Dec '190
Jan '203
Feb '202
Mar '201
Apr '201
May '202
Jun '201
Jul '204
Aug '202
Sep '203
Oct '202
Nov '202
Dec '203
Jan '211
Feb '211
Mar '214
Apr '213
May '214
Jun '212
Jul '214
Aug '211
Sep '212
Oct '211
Nov '211
Dec '211
Jan '222
Feb '223
Mar '223
Apr '220
May '223
Jun '221
Jul '221
Aug '223
Sep '221
Oct '220
Nov '222
Dec '220
Jan '233
Feb '233
Mar '232
Apr '233
May '231
Jun '231
Jul '230
Aug '232
Sep '233
Oct '233
Nov '232
Dec '232
Jan '243
Feb '242
Mar '242
Apr '242
May '245
Jun '240
Jul '245
Aug '240
Sep '243
Oct '242
Nov '243
Dec '243
Jan '256
Feb '251
Mar '255
Apr '252
May '250
Jun '250
Jul '251
Aug '250
Sep '254
Oct '253
Nov '251
Dec '251
Jan '261
Feb '261
Mar '261
Apr '266
May '262
Jun '260
Jul '263
Aug '261
Sep '262
Oct '260

Sector Breakdown

Novo Holdings: Health & Life Sciences is the largest displayed sector by deal count (234 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Novo Holdings: Health & Life Sciences is the largest displayed sector by deal count (234 deals). All available history
SectorDeals
Health & Life Sciences234
Manufacturing16
AI & Machine Learning12
Food & Agriculture11
Space & Frontier Tech11
Consumer & Lifestyle10
Clean Energy & Sustainability10
Networks, Cloud & Communication4
Hardware & Robotics4
Enterprise Software3
Fintech3
Professional Services1
Real Estate & Construction1

Deal Size Distribution

Novo Holdings: 249 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Novo Holdings: 249 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M13
$10M-$25M37
$25M-$50M52
$50M-$100M75
$100M-$250M65
$250M-$500M2
$500M-$1B1
$1B+1

Deals By Geography

Novo Holdings: United States has the largest recorded deal count among the displayed regions (128 deals).All available history.

Top 10 of 10 regions; European countries are grouped as Europe.

Novo Holdings: United States has the largest recorded deal count among the displayed regions (128 deals). All available history
RegionDeals
United States128
Europe106
India3
Singapore3
Canada3
Indonesia2
China1
New Zealand1
Japan1
Israel1
Novo Holdings: 20 co-investors are shown, with OrbiMed sharing 28 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Novo Holdings: 20 co-investors are shown, with OrbiMed sharing 28 recorded deals. All available history
Co-investorShared deals
OrbiMed28
RA Capital Management26
Forbion15
EIFO14
New Enterprise Associates14
Rock Springs Capital13
Surveyor Capital13
Vivo Capital13
Sanofi Ventures12
Wellington Management12
Cormorant Asset Management11
Pontifax11
Sofinnova Partners11
Sofinnova Ventures11
HealthCap10
Janus Henderson Investors10
SR One10
Bpifrance9
F-Prime Capital9
Frazier Healthcare Partners9

Investment Strategy

Novo Holdings: Led accounts for 40% and participating for 60% of round participation.All available history.
Novo Holdings: Led accounts for 40% and participating for 60% of round participation. All available history
CategoryDeals (count)Share (%)
Led10040%
Participating14960%
Novo Holdings: Single-lead accounts for 35% and co-led for 65% of lead dynamics.All available history.
Novo Holdings: Single-lead accounts for 35% and co-led for 65% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3535%
Co-led6565%

Team

Abhijeet Lele

Senior Partner and Head of US Principal Investments

Anders Spohr
Daniel Mahony

Senior Partner, Novo Growth Investments

Deepa Hingorani
Johan Hueffer

Senior Partner, Principal Investments

Jon Levy

Senior Partner

Jørgen Søberg Petersen
Kasim Kutay

CEO

Ken Harrison
Michael Karl Bauer

Venture Partner

Morten Beck Jørgensen

Managing Partner

Morten Graugaard Døssing

Partner

Sophia Heyde, PhD
Thomas Grotkjær