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.

Sibel Arnes

Associate

Nis Bjørnholt Bak

Principal

Jeroen Bakker Ph.D

Partner, Seed Investments

Michael Bauer

Venture Partner

Raymond Camahort

Principal, Novo Ventures

Past deals in AgTech

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.

Benchmark Genetics

Acquisition in 2024
Benchmark Genetics is a prominent company in aquaculture genetics, specializing in the development of genetic material for various species, particularly salmon, shrimp, and tilapia. With extensive experience from 30 applied breeding programs across 16 countries, the company is recognized as a leading provider of genetics services in the industry. Their approach is innovation-driven, utilizing advanced breeding technologies such as Quantitative Trait Loci (QTL) and Genomic Selection. Benchmark Genetics places significant emphasis on customer collaboration, fostering long-term partnerships with leading aquaculture businesses to enhance genetic improvements and develop new products. In addition to their genetic offerings, the company provides comprehensive technical support to ensure clients maximize the potential of their genetic resources. Their dedicated sales teams include technical specialists knowledgeable about their focus species and various production systems, including Recirculating Aquaculture Systems (RAS).

Stingray Marine Solutions

Acquisition in 2024
Stingray Marine Solutions AS is a Norwegian technology firm based in Oslo, specializing in innovative solutions for the aquaculture industry, specifically in the removal of sea lice from fish. Founded in 2010, the company has developed an advanced optical delousing system that employs camera vision and laser technology to detect and eliminate sea lice from salmon in net pens. This automated process enhances fish health management by minimizing the need for physical handling of the fish, thereby increasing productivity in salmon farming. Stingray Marine Solutions operates as a subsidiary of Beck Engineering AS and has its origins in the entrepreneurial vision of Esben Beck, who has been involved in technology development since 1999.

Matr

Seed Round in 2024
MATR Foods is a food-tech startup focused on creating fungi-based food ingredients. The company specializes in transforming byproducts into healthy food options, utilizing mushrooms, vegetables, and fruits to develop nutritious dishes. MATR Foods emphasizes natural nutrition in its offerings, providing organic vegetables and stuffing for various food products, such as steaks and buns. The company's mission is to deliver healthy food alternatives that are free from additives and not over-processed, catering to consumers seeking wholesome and innovative culinary choices.

AgNext

Venture Round in 2024
AgNext Technologies Private Limited is an AgTech company dedicated to enhancing food quality assessment through AI-based technologies. The company provides a comprehensive software-as-a-service (SaaS) platform tailored for agribusinesses, enabling instant and automated analysis of food quality. By integrating hardware and software solutions, AgNext facilitates on-the-spot evaluations, thereby improving transparency, safety, and trust in the agricultural value chain. Additionally, AgNext's agricultural sensing platform leverages precision and digital agriculture technologies, utilizing imagery and Internet of Things (IoT) devices. This allows farmers to receive timely updates via a mobile application for crop monitoring, analysis, and record-keeping.

Roslin Technologies

Series A in 2022
Roslin Technologies develops stem cell technology to advance cultivated meat, with a focus on animal pluripotent stem cells, including perpetually self-renewing induced pluripotent stem cells, to enable scalable production. Its licensable cell lines are designed for high performance and scalability to support the commercial viability of cultivated meat producers and food companies across North America, Europe, and Asia. By delivering advanced cellular platforms, the company aims to reduce production costs and accelerate market entry, with a mission to improve protein production through disruptive technologies.

Vestaron Corporation

Series C in 2022
Vestaron develops and manufactures peptide-based biologic crop protection products. Its offerings include Spear-T for thrips control in greenhouses, Spear-Lep for fruits and vegetables, and Leprotec for field use. Headquartered in Durham, North Carolina with a research center in Kalamazoo, Michigan, Vestaron aims to provide growers with effective, safe, and sustainable biopesticides.

Vestaron Corporation

Series C in 2022
Vestaron develops and manufactures peptide-based biologic crop protection products. Its offerings include Spear-T for thrips control in greenhouses, Spear-Lep for fruits and vegetables, and Leprotec for field use. Headquartered in Durham, North Carolina with a research center in Kalamazoo, Michigan, Vestaron aims to provide growers with effective, safe, and sustainable biopesticides.

BioPhero

Series A in 2021
BioPhero is a pioneering company focused on developing low-cost, bio-based pheromones for pest management. The company specializes in the efficient production of insect pheromones through fermentation using yeasts, which allows for an affordable alternative to traditional insecticides. By providing safe and effective pest control solutions, BioPhero aims to support farmers in managing pests while minimizing environmental impact and enhancing agricultural productivity.

ZELP

Series A in 2021
Founded in London in 2017, ZELP develops wearable technology for livestock. Its primary product is designed to oxidize methane emissions from cattle into carbon dioxide, thereby reducing the environmental impact of the livestock industry.

Vestaron Corporation

Series B in 2021
Vestaron develops and manufactures peptide-based biologic crop protection products. Its offerings include Spear-T for thrips control in greenhouses, Spear-Lep for fruits and vegetables, and Leprotec for field use. Headquartered in Durham, North Carolina with a research center in Kalamazoo, Michigan, Vestaron aims to provide growers with effective, safe, and sustainable biopesticides.

Vestaron Corporation

Series B in 2019
Vestaron develops and manufactures peptide-based biologic crop protection products. Its offerings include Spear-T for thrips control in greenhouses, Spear-Lep for fruits and vegetables, and Leprotec for field use. Headquartered in Durham, North Carolina with a research center in Kalamazoo, Michigan, Vestaron aims to provide growers with effective, safe, and sustainable biopesticides.

BioPhero

Seed Round in 2018
BioPhero is a pioneering company focused on developing low-cost, bio-based pheromones for pest management. The company specializes in the efficient production of insect pheromones through fermentation using yeasts, which allows for an affordable alternative to traditional insecticides. By providing safe and effective pest control solutions, BioPhero aims to support farmers in managing pests while minimizing environmental impact and enhancing agricultural productivity.
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