Investor profile
Novo Ventures (Novo Holdings Venture Investments)
CVC
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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.”
“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.”
Team
Scott A. Beardsley
Managing Partner, San Francisco
Kenneth Harrison
Senior Partner, San Francisco
Anna Fan
Senior Partner, San Francisco
Naveed Siddiqi
Senior Partner, London
Aaron Nelson
Partner, Boston
Jim Trenkle
Partner, San Francisco
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Windward Bio | Series A | $200m | 2025 |
| Crystalys Therapeutics | Series A | $205m | 2025 |
| Expedition Therapeutics | Series A | $165m | 2025 |
| Supira Medical | Series E | $120m | 2025 |
| Coultreon Biopharma | Series A | $125m | 2026-04-28 |
| Alentis Therapeutics | Series D | $181m | 2024-11-12 |
| OnCusp Therapeutics | Series A | $100m | 2024-01 |
| Anthos Therapeutics | Series B+ | — | 2023 |
| Blueprint Medicines | Growth | — | 2022 |
| Merus N.V. | Growth | — | 2021 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| RA Capital Management | 5 |
| OrbiMed | 4 |
| Jeito Capital | 3 |
| Venrock | 3 |
| Frazier Life Sciences | 2 |
| Sofinnova Investments | 2 |
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