Novartis Venture Fund

Novartis Venture Fund

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Headquarters Location

Switzerland, Basel

About

Novartis Venture Fund was established in 1996, and is a well known VC. The primary office of this VC is located in Basel. The fund is located in Switzerland, Europe. Novartis Venture Fund is a CVC is a part of a larger organization.

The fund's activity peaked in 2009. Besides, in 2019 the fund was active. When Novartis Venture Fund invests, the average start-up valuation is 10-50 millions dollars. The fund performance shows that this VC achieves 7 percentage points more exits in comparison to other VCs. Novartis Venture Fund participates, on average, in 4 percentage points less than the average amount of lead investments in other funds. The highest number of exits from this fund were in 2014. The fund typically enters into 7-12 deals annually. Typical investments for this fund are deals in the range of 10 - 50 millions dollars.

The fund typically invests in rounds with 5-6 participants. Aside from Novartis Venture Fund, start-ups are often funded by SV Health Investors, Apple Tree Partners, ARCH Venture Partners and 108 other funds. Other VCs who often invest in the same rounds are Versant Ventures, Venture Investors, Truffle Capital, the total number of co-investors is 151. In subsequent rounds, the fund is usually joined by Sofinnova Investments, Astellas Venture Management, Venture Investors, as well as 132 other investors.

The fund was created by Argeris Karabelas. The overall number of key employees in the fund's team is 5.

The fund has an exact preference in the amount of founders of companies in its portfolio. When a start-up has 5+ founders, the probability of closing the deal is low. Among their most successful investment fields, we have identified Medical Device, Life Science. Also, because of its portfolio diversification tendency, we can highlight 11 more industries for this fund. Moreover, a start-up needs to be 6-10 years old to get investment from this fund. Alios BioPharma, Merus, Catalyst Biosciences are amongst the various portfolio companies of this fund. The country of its foundation and the country of the most frequent investments for the fund doesn't coincide - United States. In addition to this location, the fund participated in 11 other locations.

Year Founded

1996

Fund Activity

Operative

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

7-12

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

33.5% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x10.4

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

0.7 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.75 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

1

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