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Novartis Venture Fund

Investor type Corporate Venture Capital
Founders Argeris Karabelas

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 245
Average round size
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The average size of a deal this fund participated in
$30M
Portfolio companies 136
Rounds per year 9.42
Lead investments 45
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.44
Exits 59
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Biotechnology
  • Health Care
  • Therapeutics
  • Medical
  • Pharmaceutical
Summary

In 1996 was created Novartis Venture Fund, which is appeared as VC. The main department of described VC is located in the Basel. The fund was located in Europe if to be more exact in Switzerland. Novartis Venture Fund appeared to be a CVC structure as part of the corporation.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Novartis Venture Fund, startups are often financed by SV Health Investors, Apple Tree Partners, ARCH Venture Partners. The meaningful sponsors for the fund in investment in the same round are Versant Ventures, Venture Investors, Truffle Capital. In the next rounds fund is usually obtained by Sofinnova Investments, Astellas Venture Management, Venture Investors.

For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Among the most successful fund investment fields, there are Medical Device, Life Science. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Alios BioPharma, Merus, Catalyst Biosciences The fund has exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little.

The fund was created by Argeris Karabelas. The overall number of key employees were 5.

The fund is constantly included in 7-12 deals per year. The usual things for fund are deals in the range of 10 - 50 millions dollars. This Novartis Venture Fund works on 4 percentage points less the average amount of lead investments comparing to the other organizations. The higher amount of exits for fund were in 2014. The high activity for fund was in 2009. Despite it in 2019 the fund had an activity. The real fund results show that this VC is 7 percentage points more often commits exit comparing to other companies. When the investment is from Novartis Venture Fund the average startup value is 10-50 millions dollars.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

DJEL

Electronics
Semiconductor
Software
$154M25 Nov 2022 Beijing, Beijing, China

Catalym

Therapeutics
$59M22 Nov 2022 Munich, Bavaria, Germany

Capstan Therapeutics

Biotechnology
Health Care
Therapeutics
$102M14 Sep 2022 San Diego, California, United States

IGEM Therapeutics

Biotechnology
Genetics
Therapeutics
02 Mar 2022 London, England, United Kingdom

Splice Bio

Biotechnology
Life Science
Medical
Pharmaceutical
$59M15 Feb 2022 Barcelona, Catalonia, Spain

ImmPACT Bio USA

Biotechnology
Life Science
$111M20 Jan 2022 California, United States

IKAS Industrial Automation

Industrial
Manufacturing
Semiconductor
$15M28 Dec 2021 Futian District, Guangdong Province, China

Anaveon

Therapeutics
$119M16 Dec 2021 Basel-Country, Switzerland

LOQUS23 THERAPEUTICS

Biotechnology
$9M23 Nov 2021 London, England, United Kingdom
News
Immunitas Therapeutics Closes $58M in Series B Financing

– Immunitas Therapeutics, a Waltham, MA-based single cell genomics-based therapeutics company, closed a $58m Series B financing.
– The round was led by Agent Capital with participation from Medical Excellence Capital (MEC), 120 Capital, Solasta Ventures, Mirae Asset, Ono Venture Investment, The Mark Foundation for Cancer Research, NS Investment, BrightEdge (American Cancer Society), and The Leukemia & Lymphoma Society . Existing investors Alexandria Venture Investments, Evotec, Leaps by Bayer, M Ventures, Novartis Venture Fund (NVF), and founding investor Longwood Fund also joined the round.
– The company intends to use the funds to advance its lead program, IMT-009, a CD161 inhibitor, into the clinic to treat both solid tumors and hematological malignancies.

GentiBio Raises $157M in Series A Financing

– GentiBio, Inc. from Boston develops engineered regulatory T cells (Tregs) therapies for immunology.
– Series A $157m round was led by Matrix Capital Management with participation from Avidity Partners, JDRF T1D Fund, OrbiMed, RA Capital Management, and Novartis Venture Fund.
– The company intends to use the funds to advance its potential functional cure for Type 1 Diabetes (T1D) to the clinic alongside multiple other pipeline programs in chronic autoimmunity and autoinflammation.

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