Associate, Venture Investments

Novo Holdings is seeking an Associate to join the Venture Investments team in its San Francisco office.
Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.
Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk and Novonesis and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seeds, Venture, Growth, and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development. As of year-end 2023, Novo Holdings had total assets of EUR 149 billion.
Requirements
You will be part of our Venture Investments team responsible for originating, analyzing and managing Novo Holdings’ global private and public equity investments. Efforts in this area are primarily focused on preclinical and clinical stage biotechnology and high growth revenue stage medical technology opportunities. Responsibilities include:

Assessment of investment opportunities based on the clinical unmet need they are addressing, supporting scientific validation, strength of management teams, clinical development plans, regulatory outlook, commercial opportunities, intellectual property, competitive landscape and valuation.
Conduct primary due diligence of new investment opportunities, which can include:
An in-depth review of relevant scientific and clinical publications
Review and distillation of company provided materials
Competitive landscape analysis
Calls with KOLs, physicians, payers and other relevant experts
Prepare and present investment materials and supporting documentation to guide potential investments
Monitor and assist with management of private investments
Attend scientific and broker conferences
Assist in operations and other ad hoc tasks to support portfolio management
Collaborate with other areas of the organization to support other Novo Holdings activities
Professional Qualifications
We are seeking a candidate with:
A strong scientific and/or clinical background, with a Ph.D. in the life sciences or an M.D.
Experience in evaluating medtech companies is preferred
Prior non-academic work experience in management consulting, equity research, investment banking, or biopharma industry is preferred
Proficiency with financial statement analysis, accounting, and financial modeling
Experience working with industry databases (e.G. Citeline, Pitchbook), libraries and other data sources to assist in researching companies, clinical trials, competitive positioning, and commercial opportunities is preferred
Personal Qualifications
Strong work ethic
Ability to work with cross cultural / multi-office teams
Team player
Passion for healthcare investing
Organized and detail-oriented, with a demonstrated ability to multi-task
Working at Novo Holdings
At Novo Holdings, we are committed to developing our internal talent and have a long track record of promotion to the senior levels of our team. We offer a truly diversified life science investment platform with the ability to invest from seed NewCo formation to the public markets with a focus on therapeutics and medtech opportunities. Our size, evergreen platform, and diversification across sector, stage and geography (locations in the US and Europe) provides an excellent training ground for venture career development. We have a respectful and collaborative work culture where everyone’s opinion is valued. We are committed to diversity, equity, and inclusion. We welcome and celebrate individuals of all backgrounds, orientations, and identities.
Benefits
Medical and dental, retirement, 5 months of parental leave regardless of gender, commuting reimbursement, One Medical membership, fitness reimbursement, family planning benefits, home internet reimbursement, daily catered lunches, generous PTO and vacation time.