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Novo Ventures (Novo Holdings Venture Investments)

CVC

USGBDEFRCHDKSENLSGCNOtherBio/PharmaHealthtechDeep TechOther

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Investment thesis

Novo Holdings Venture Investments is one of the largest and most active life science venture investors globally, providing capital, knowledge, and a network to companies in the biotechnology and medical technology sectors — spanning early-stage, translatable science through commercial-stage products. The team primarily invests in companies developing innovative drugs and novel technologies, typically leading or co-leading private rounds with active board participation, while also investing in publicly traded equities. Backed by Novo Holdings' evergreen structure and connection to the Novo Nordisk Foundation, the team takes a long-term view to advance science and medicine for the benefit of society, deploying approximately $500–750 million annually across the US, Europe, and Asia from offices in San Francisco, Boston, London, and Copenhagen.

Notable quotes

We remain committed to our mission supporting breakthrough science that can have major impacts on society and addressing unmet needs of patients.

Scott Beardsley · Novo Holdings Venture Investments 2025 Annual Review · 2026-01-12

The Venture Investments team is an exceedingly active group driving investments in both privately held and publicly traded life sciences companies across therapeutics and medtech sectors. Throughout my tenure within this growing organisation, I've been impressed by the unwavering professionalism, collegiality and collaborative spirit of the team. This is a fast-paced industry, yet amid this environment Venture Investments takes a long-term view of value creation for our investments and similarly fosters the long-term career development of each individual on the team.

Kenneth Harrison · Novo Holdings – A Career with Venture Investments page

Team

Scott A. Beardsley

Managing Partner, San Francisco

Bio/PharmaHealthtech

Kenneth Harrison

Senior Partner, San Francisco

Bio/PharmaHealthtech

Anna Fan

Senior Partner, San Francisco

Bio/Pharma

Naveed Siddiqi

Senior Partner, London

Bio/PharmaHealthtech

Aaron Nelson

Partner, Boston

Bio/Pharma

Jim Trenkle

Partner, San Francisco

Bio/PharmaHealthtech

Recent investments

CompanyRoundSizeDate
Windward BioSeries A$200m2025
Crystalys TherapeuticsSeries A$205m2025
Expedition TherapeuticsSeries A$165m2025
Supira MedicalSeries E$120m2025
Coultreon BiopharmaSeries A$125m2026-04-28
Alentis TherapeuticsSeries D$181m2024-11-12
OnCusp TherapeuticsSeries A$100m2024-01
Anthos TherapeuticsSeries B+2023
Blueprint MedicinesGrowth2022
Merus N.V.Growth2021

Frequent co-investors

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