- Financing is the largest Series A for a Danish biotech company
- Novo Seeds played instrumental role in supporting Adcendo from inception
- Plans to build a pipeline of ADCs directed at novel cancer targets
Copenhagen, Denmark, 29 April 2021 – Novo Seeds, the early stage investment and company creation team of Novo Holdings, announced today an investment in Adcendo, a Danish biotech company which is developing antibody-drug conjugates (ADCs) for the treatment of cancers. The EUR 51 million (US$ 62 million) Series A financing was led by Novo Seeds and Ysios Capital, along with RA Capital Management, HealthCap and Gilde Healthcare.