Senior Associate, Venture Investments

Novo Holdings•Boston, MA

2d•Onsite

About The Position

Novo Holdings is seeking a Senior Associate to join its Venture Investments team in the Boston office. Novo Holdings is a holding and investment company wholly owned by the Novo Nordisk Foundation. It manages the Foundation’s assets and wealth, with the purpose of improving people’s health and the sustainability of society and the planet by generating attractive long-term returns. It is the controlling shareholder of Novo Nordisk and Novonesis, manages a broad portfolio of assets, and is a world-leading life sciences investor. Through its Seeds, Venture, and Principal Investments teams, it invests in life science companies at all stages of development. As of year-end 2025, Novo Holdings had total assets under management of DKK 694 billion (EUR 93 billion). The Senior Associate will join a team responsible for originating, analyzing, and managing global private and public equity investments. The team focuses primarily on preclinical- and clinical-stage biotechnology opportunities and high-growth-revenue-stage medical technology opportunities. The role involves evaluating investment opportunities, conducting due diligence, preparing investment materials, monitoring private investments, and supporting portfolio management and other organizational activities. Novo Holdings offers a diversified life science investment platform, with opportunities to invest from seed NewCo formation through public markets, focusing on therapeutics and medtech. Its scale, evergreen platform, and diversification across sectors, stages, and geographies provide a training ground for venture career development. The company describes its work culture as respectful and collaborative, values everyone’s opinions, and is committed to diversity, equity, and inclusion.

Requirements

A strong scientific and/or clinical background, with a Ph.D. in the life sciences or an M.D.
For Senior Associate applicants, a minimum of 4 years of industry experience in consulting or investing, including experience evaluating companies.
Proficiency with financial statement analysis, accounting, and financial modeling.
Strong work ethic.
Ability to work with cross-cultural and multi-office teams.
Team-player approach.
Passion for healthcare investing.
Organized and detail-oriented, with a demonstrated ability to multitask.

Nice To Haves

Experience working with industry databases such as Citeline and PitchBook, libraries, and other data sources to research companies, clinical trials, competitive positioning, and commercial opportunities.

Responsibilities

Assess investment opportunities based on clinical unmet need, scientific validation, management teams, clinical development plans, regulatory outlook, commercial opportunities, intellectual property, competitive landscape, and valuation.
Conduct primary due diligence on new investment opportunities.
Review relevant scientific and clinical publications in depth.
Review and distill materials provided by companies.
Analyze competitive landscapes.
Conduct calls with key opinion leaders, physicians, payers, and other relevant experts.
Prepare and present investment materials and supporting documentation to guide potential investments.
Monitor and assist with the management of private investments.
Attend scientific and broker conferences.
Assist in operations and other ad hoc tasks that support portfolio management.
Collaborate with other areas of the organization to support other Novo Holdings activities.