Novo Holdings (Life Sciences Fund)

Denmark
Series A
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About Novo Holdings (Life Sciences Fund)

Novo Holdings (Life Sciences Fund) is a venture capital firm based in Denmark, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in Deep Tech, SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionDenmark
Funding StageSeries A
Industry Focus
Deep Tech
Saas

Investor Signals Profile

active

Sweet Spot

Life science/bio-sustainability founder, all stages, global reach

life science
bio-sustainability
healthcare
impact investing
long-term returns

Bullish Signals

DKK 694bn AUM, record 2025 returnsexternal
9.2% CER return despite market volatilityexternal
Offices in 7 global citiesexternal
$125M Series A co-lead, April 2026external
Active deals Q1–Q2 2026external
$50M growth deal, Route 92 Medicalwebsite
India healthcare expansion, Jan 2026website
8.6% 10-yr avg annual portfolio returnwebsite
KabaFusion exit closed Jan 2026website
DKK 20bn record total income 2025website
Myricx Bio acquired by Novartis, June 2026website
Hemab Therapeutics Nasdaq IPO success, June 2026website
LimmaTech acquired by Lilly, May 2026website
HST Pathways strategic growth investment, May 2026website
Values-driven, high performance culture globallywebsite
Aspires catalysts for change, alleviate human/planetary healthwebsite

Contrarian Signals

Primarily foundation-backed, not pure VCexternal
Life science focus limits scopeexternal
Novo Group concentration riskexternal
2.3% portfolio return in 2025 vs 9.2% CERwebsite

Founder Do's

Focus on healthcare or bio-sustainability
Show long-term return potential
Demonstrate societal/planetary impact
Be open to all dev stages
Align with responsible investment values

Founder Don'ts

Pitch non-life-science, non-impact plays
Expect short-term exit pressure
Ignore ESG/sustainability angle

Key GPs & Partners

KK
Kasim Kutay
CEO
impact-drivenlong-term thinkerdiversified allocator

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Fund Overview

Fund Size$1800M
Saves0

Key People

Kasim Kutay, Christoffer Søderberg

Kasim KutayCEO

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