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Novartis Venture Fund

Europe, Basel-Stadt, Switzerland, Basel

Description

The Novartis Venture Fund (NVF) is the dedicated corporate venture capital arm of Novartis AG, a global leader in healthcare, headquartered in Basel, Switzerland. Established to identify and nurture groundbreaking innovation, NVF strategically invests in early-stage life science companies, spanning from seed rounds through Series B. Its core focus lies in novel therapeutics, advanced technology platforms, and emerging digital health solutions that hold the potential to transform patient care and align with Novartis's long-term strategic vision.

Operating with a degree of independence, NVF functions as a crucial bridge between external innovation and Novartis's internal R&D efforts. The fund seeks out disruptive technologies and business models, providing not only capital but also strategic guidance and access to Novartis's extensive scientific and commercial expertise. This approach allows NVF to support ventures that, while potentially high-risk in their early stages, could yield significant advancements in medicine.

Since its inception in 1996, the Novartis Venture Fund has built a robust and diverse portfolio, demonstrating its commitment to pioneering life science ventures. The fund has notably invested in over 100 companies globally, showcasing its broad reach and active participation in the biotech ecosystem. Furthermore, NVF boasts a strong track record of success, having achieved more than 30 exits through either initial public offerings (IPOs) or strategic mergers and acquisitions (M&A), underscoring its ability to identify and scale promising ventures. Typically, NVF's initial investment cheques range from $1 million to $8 million, reflecting its participation in capital-intensive drug discovery and development stages, from early-stage proof-of-concept to more advanced clinical development rounds.

Investor Profile

Novartis Venture Fund has backed more than 260 startups, with 10 new investments in the last 12 months alone. The firm has led 68 rounds, about 26% of its total and boasts 71 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Switzerland, United Kingdom.
  • Strong thematic focus on Biotechnology, Health Care, Therapeutics.
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $8M.

Stage Focus

  • Series A (34%)
  • Series B (30%)
  • Series C (13%)
  • Series Unknown (8%)
  • Series D (7%)
  • Seed (3%)
  • Series E (2%)
  • Post Ipo Equity (2%)
  • Private Equity (1%)

Country Focus

  • United States (64%)
  • Switzerland (12%)
  • United Kingdom (8%)
  • France (2%)
  • The Netherlands (2%)
  • Spain (2%)
  • Ireland (2%)
  • Finland (2%)
  • Germany (2%)
  • Iceland (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • Therapeutics
  • Medical
  • Pharmaceutical
  • Biopharma
  • Life Science
  • Medical Device
  • Health Diagnostics
  • Genetics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Novartis Venture Fund frequently co-invest with?

OrbiMed
North America, New York, United States, New York
Co-Investments: 21
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 20
Forbion Capital Partners
Europe, Noord-Holland, The Netherlands, Naarden
Co-Investments: 12
RA Capital Management
North America, Massachusetts, United States, Boston
Co-Investments: 14
Novo Ventures
Europe, Hovedstaden, Denmark, Bagsværd
Co-Investments: 13
SR One
North America, Massachusetts, United States, Cambridge
Co-Investments: 16
Astellas Venture Management
North America, California, United States, Menlo Park
Co-Investments: 13
EQT Life Sciences
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 17
Roche Venture Fund
Europe, Basel-Stadt, Switzerland, Basel
Co-Investments: 19
Lilly Ventures
North America, Indiana, United States, Indianapolis
Co-Investments: 14

Which angels does Novartis Venture Fund often collaborate with?

JB
North America, California, United States, Menlo Park
Shared Deals: 1
WH
North America, California, United States, San Francisco
Shared Deals: 1
CG
Europe, England, United Kingdom, London
Shared Deals: 1
DV
Europe, Basel-Stadt, Switzerland, Basel
Shared Deals: 1
TJ
North America, Massachusetts, United States, Cambridge
Shared Deals: 2
BD
North America, New York, United States, New York
Shared Deals: 1
Shared Deals: 1
SP
Europe, Germany
Shared Deals: 1
FM
North America, United States
Shared Deals: 1
SH
North America, New Hampshire, United States, Center Harbor
Shared Deals: 1

What are some of recent deals done by Novartis Venture Fund?

Splice Bio

Barcelona, Catalonia, Spain

Splice Bio develops gene therapies using its Protein Splicing platform for genetic diseases.

BiotechnologyLife ScienceMedicalPharmaceutical
Series BJun 11, 2025
Amount Raised: $135,000,000
Fore Biotherapeutics

Philadelphia, Pennsylvania, United States

Fore Biotherapeutics is a precision oncology company specializing in cancer therapies guided by functional genomics.

BiotechnologyHealth CareHealth DiagnosticsMedicalOncology
Series DMay 6, 2025
Amount Raised: $38,000,000
Granite Bio

Basel, Basel-Stadt, Switzerland

Granite Bio is a biotechnology business developing novel antibodies to treat inflammatory, autoimmune, and fibrotic disorders.

BiotechnologyTherapeutics
Series AApr 24, 2025
Amount Raised: $30,000,000
Atalanta Therapeutics

Boston, Massachusetts, United States

Atalanta Therapeutics is a biotechnology company pioneering new treatment options for neurodegenerative diseases.

BiotechnologyHealth CareLife Science
Series BJan 28, 2025
Amount Raised: $97,000,000
Rhygaze

Basel, Basel-Stadt, Switzerland

Rhygaze develops a novel gene therapy that targets cone cells to restore vision in patients suffering from diseases causing blindness.

BiotechnologyHealth CareTherapeutics
Series AJan 10, 2025
Amount Raised: $86,000,000
Alesta Therapeutics

Leiden, Zuid-Holland, The Netherlands

Alesta Therapeutics focused on translating novel targets in the chronic stress response pathways into new therapeutic.

Biotechnology
Series AJan 8, 2025
Amount Raised: $67,301,858
Citryll

Oss, Noord-Brabant, The Netherlands

Citryll is a developer of pharmaceutical drugs used to treat autoimmune and other human diseases.

BiopharmaBiotechnologyMedicalMedical DeviceNeuroscience
Series BDec 9, 2024
Amount Raised: $89,720,936
LOQUS23 THERAPEUTICS

London, England, United Kingdom

LoQus23 is a DDF-formed company focussing on targeting DNA damage repair pathways to treat Huntington’s disease.

Biotechnology
Series AOct 2, 2024
Amount Raised: $46,420,022
ONL Therapeutics

Ann Arbor, Michigan, United States

ONL Therapeutics is a biopharmaceutical company dedicated to protecting vision through the protection of photoreceptors.

BiotechnologyHealth CarePharmaceuticalTherapeutics
Series DSep 13, 2024
Amount Raised: $65,000,000
Epsilogen

London, England, United Kingdom

Epsilogen is a developer of an immuno-oncology company intended to develop immunoglobulin antibodies to treat cancer.

BiopharmaBiotechnologyGeneticsLife ScienceOncologyTherapeutics
Series BSep 9, 2024
Amount Raised: $16,338,566