Novo Holdings Seed Investments Annual Review/Business Update

• Portfolio companies met key milestones and raised over $350m in financing rounds

• Launch of Novo Holdings Quantum Investments initiative aimed at unlocking disruptive innovations

Copenhagen, Denmark, January 9 - Seed Investments, the early-stage investment and company creation team of Novo Holdings, today publishes its review of 2024. The year marked a significant phase of growth in the Danish ecosystem and new initiatives.

With a continued focus on identifying, building and investing in groundbreaking life science start-ups founded on strong science, to translate cutting-edge science into impactful solutions, the team delivered meaningful progress across its initiatives. Read our full newsletter here

Søren Møller, Managing Partner at Novo Holdings Seed Investments, said:
"2024 has been a year of progress and growth. From the launch of Novo Holdings Quantum Investments to key clinical milestones achieved by our portfolio, we continue to support breakthrough technologies and entrepreneurial talent that can address unmet clinical needs. Our efforts remain grounded in building next-generation companies that deliver transformative therapies for patients."

Highlights from 2024 Include:

• Launch of Novo Holdings Quantum Investments: A $194m initiative dedicated to fostering companies at the intersection of quantum technologies and life sciences, aimed at unlocking disruptive innovations. The first investments are anticipated in 2025.

• Value-add initiatives continue strengthening company creation: SeedLab, the wet lab initiative launched in 2023, validated several promising scientific concepts, strengthening the foundation for future biotech startups. The group of entrepreneurs-in-residence deployed to venture creation projects brings seasoned expertise to early-stage scientific breakthroughs.

• Portfolio Growth: Achievements include over $350m raised in financings, multiple new investments, incubating three new biotech companies, and key clinical milestones as the portfolio progresses and matures.

In 2025, Seed Investments remain committed to supporting existing portfolio companies and expanding its influence by creating and supporting groundbreaking companies in collaboration with international entrepreneurs, academic researchers and investors.