Novo Holdings Invests €48 Million in HealthCap IX to Boost Nordic Life Sciences
Deal News | Apr 24, 2025 | PR Newswire Cision Novo Holdings
Novo Holdings and Denmark's Export and Investment Fund (EIFO) have invested €48 million in HealthCap IX, a Swedish life sciences venture fund. HealthCap plans to establish a presence in Copenhagen at the BioInnovation Institute to target Nordic opportunities, particularly aiding early-stage companies. HealthCap has a significant record of developing over 30 approved pharmaceuticals and more than 50 medical technologies. EIFO seeks to make its first investment in HealthCap, while Novo Holdings continues its partnership with the fund. HealthCap's emphasis on precision medicine complements Novo Holdings' strategy of supporting biotech spinouts from academia. Both Novo Holdings and EIFO hope their investment will reinforce the Nordic region’s status as a leader in life sciences.
Sectors
- Life Sciences
- Venture Capital
Geography
- Denmark – Both Novo Holdings and EIFO are based in Denmark, and HealthCap IX plans to establish a presence in Copenhagen.
- Sweden – HealthCap IX is a Swedish venture fund focusing on life sciences, working to expand its influence across the Nordic region.
- Nordic Region – The investment aims to strengthen the Nordic life sciences ecosystem, with a focus on innovation and collaboration across countries in the region.
Industry
- Life Sciences – The article discusses investments into HealthCap IX, a venture fund focused on life sciences, particularly in the areas of precision medicine and therapies for unmet medical need.
- Venture Capital – The discussion centers around HealthCap IX, a venture fund, which is a pivotal part of venture capital funding in life sciences in the Nordics.
Financials
- €48 million – The total investment made by Novo Holdings and EIFO into HealthCap IX.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Novo Holdings A/S | Investor | Company | Novo Holdings is an investment company owned by the Novo Nordisk Foundation, focusing on improving health and sustainability through long-term returns. |
| Export and Investment Fund of Denmark (EIFO) | Investor | Government | Denmark's national promotional bank and export credit agency supporting economic security and innovation through investments. |
| HealthCap IX | Target Fund | Company | A Swedish life sciences venture fund focused on developing companies in areas of high unmet medical need. |