Novo Holdings

Activity from announced rounds

Activity in this selectionOct 23, 2026 · Europe · Jan 1, 2026

Novo Holdings manages the Novo Nordisk Foundation’s investment assets and invests in healthcare and life sciences across development stages.

Investment focus

The foundation-owned holding and investment company combines a broad long-term asset portfolio with dedicated healthcare and life-sciences investment teams. Its activities include seed, venture, planetary health and principal investments.

Activity recorded by RoundOS

Recorded financing includes AnaCardio’s heart-failure drug development, Adcendo’s antibody-drug conjugates, Terremoto’s small-molecule programs and Crystalys’ gout treatment candidate. These entries show selected therapeutic investments in the database, spanning different disease areas and clinical programs.

Sources
Rounds participated in
4
Confirmed lead rounds
3
1 roles undisclosed
New companies
3
First participation on record · 1 follow-on
Funding in participating rounds
$532.6M
4 disclosed · full round size, not this investor’s share

By stage

Series C+2
Series A1
Series B1

By primary sector

Biotech4

By country

Denmark2
Sweden1
United Kingdom1

Rounds

4 in this selection
OMass Therapeutics

OMass Therapeutics develops small-molecule medicines for endocrine and immune diseases using a platform that measures drug targets in their biological surroundings.

$310MSeries C
Lead
AnaCardio

AnaCardio develops oral medicines intended to improve heart muscle contraction in people with heart failure.

€62.5MSeries B
Lead
Adcendo

Adcendo develops antibody-drug conjugates that deliver cancer drugs to tumor-associated targets, with clinical programs in solid tumors and soft tissue sarcoma.

$75MSeries C
Role not disclosed