Novo Holdings

Novo Holdings is a Danish holding and investment firm managing the assets of the Novo Nordisk Foundation. Established in 1999, it invests globally in life science companies at all stages of development, with a portfolio also including equities, bonds, real estate, and infrastructure.

Nis Bjørnholt Bak

Principal, Bioindustrial Investments

Jeroen Bakker Ph.D

Partner, Seed Investments

Michael Bauer

Venture Partner

Scott Beardsley

Managing Partner

Raymond Camahort

Principal

Ross Castillo

Associate

Emmanuelle Coutanceau Ph.D

Partner, Seed Investments

Kartik Dharmadhikari

Partner, Bioindustrial Investments

Thomas Dyrberg

Partner

Morten Dossing

Partner, Seed Investments

Anna Fan

Partner

Thomas Grotkjær Ph.D

Partner, Bioindustrial Investments

Kenneth Harrison

Partner

Deepa Hingorani

Partner, Planetary Health Investments

Karen Hong

Partner

Johan Hueffer

Senior Partner, Principal Investments

Amit Kakar MD

Managing Partner and Head of Novo Holdings Asia

Navjeewan Khosla

Partner, Novo Holdings Equity Asia

Kasim Kutay

CEO

Abhijeet Lele

Senior Partner and Head of Principal Investments US

Jeffrey Low MD

Principal, Growth Investments

Heather Ludvigsen

Investor

Joe Markson

Associate

Nafise Masoumi

Associate

Peter Moldt

Partner

Daniel O'Connell Ph.D

Partner, Venture Investments

João Ribas Ph.D

Principal, Seed Investments

Naveed Siddiqi

Partner

Eric Snyder

Principal

Matthias Vinther

Senior Associate

Stephen van Helden

Principal, Bioindustrial Investments, Growth Investments

Past deals in Dietary Supplements

Sylvan

Private Equity Round in 2025
Sylvan Inc. is a biotechnology company specializing in the production and distribution of mushroom spawns, including agaricus, pleurotus, and shiitake strains, as well as casing inoculum. Founded in 1946 and based in Kittanning, Pennsylvania, Sylvan has expanded its operations internationally, with production and sales facilities in multiple countries, including the Netherlands, France, Hungary, and South Africa. The company also offers disease control products and nutritional supplements for the mushroom industry. Additionally, Sylvan engages in solid-state fermentation technology, providing sustainable solutions for various sectors, including food, health, agriculture, and materials. With research and development facilities in the United States and France, Sylvan positions itself as an innovative partner for businesses seeking to enhance their growth through fungal biotechnology.

Elo Life Systems

Series A in 2024
Elo Life Systems is a biotechnology company dedicated to enhancing human health through innovative food solutions. It aims to bridge gaps between food, agriculture, and health by partnering with stakeholders across the food systems value chain. Elo employs precision breeding technologies, genomics, data analytics, machine learning, and gene editing capabilities to develop healthier, more sustainable food options.

Elo Life Systems

Series A in 2023
Elo Life Systems is a biotechnology company dedicated to enhancing human health through innovative food solutions. It aims to bridge gaps between food, agriculture, and health by partnering with stakeholders across the food systems value chain. Elo employs precision breeding technologies, genomics, data analytics, machine learning, and gene editing capabilities to develop healthier, more sustainable food options.

Kate Farms

Series C in 2022
Kate Farms, Inc. is a company that specializes in producing plant-based meal replacement shakes and tube feeding solutions for both adults and children. Founded in 2011 and headquartered in Santa Barbara, California, with an additional office in Waltham, Massachusetts, the company focuses on developing formulas that prioritize easy digestion and nutritional quality. Utilizing organic, plant-based ingredients, Kate Farms' products are free from synthetic additives and common allergens such as dairy, soy, gluten, corn, and nuts. The offerings are designed to cater to a wide range of dietary and medical needs, serving patients with severe chronic diseases as well as those with less serious medical issues. Products are available through a network of retail stores across the United States and online, with options for both prescription and over-the-counter purchase.
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