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- Nordic Bioscience
Nordic Bioscience Valuation, Funding & Investors
Nordic Bioscience is valued at $1B as of March 2021.
Last Nordic Bioscience valuation
$1B
Undisclosed stage · Mar 2021
Last Nordic Bioscience funding round
$100M
Undisclosed stage · Mar 2021
Cumulative funding Nordic Bioscience raised
$100M
across 1 funding round
Key investors in Nordic Bioscience
KKR
Claus Christiansen
About Nordic Bioscience
Nordic Bioscience is a Herlev-based biotech company specializing in extracellular matrix biomarkers. Its Protein Fingerprint technology develops blood assays for diseases like osteoporosis and fibrosis. The GCLP-accredited lab runs clinical trials under CAP standards and ISO 9001 certification, partnering with pharma firms globally.
Founded
1991
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1B (Mar 2021)
Nordic Bioscience Valuation
Nordic Bioscience is currently valued at $1B, based on its undisclosed-stage round in March 2021.
The $100M round was led by KKR.
Nordic Bioscience valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2021 | Undisclosed stage | $1B |
Nordic Bioscience Funding History
Nordic Bioscience has raised a total of $100M across 1 funding round, plus 1 secondary share sale.
Nordic Bioscience funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Secondary | Claus Christiansen | - | - | Claus Christiansen agreed to acquire KKR’s 10% minority stake in Nordic Bioscience in September 2026. Christiansen was already the company’s founder and majority shareholder, making the transaction a transfer of an existing shareholding rather than a new capital raising. KKR had invested in the business in 2021 through its Health Care Strategic Growth strategy and supported expansion across biomarker research services, clinical diagnostics and drug development. Christiansen said that revenue had doubled during the partnership and that profitability had improved. The announcement also outlined changes to the board: chair Håkan Björklund would step down, Christiansen would become chair, and KKR partner Kugan Sathiyanandarajah would remain a director until the next ordinary general meeting. Nordic Bioscience develops biomarkers based on extracellular matrix research. At the announcement, the company described a patented portfolio of more than 150 biomarkers addressing diseases including liver conditions, cancer and obesity, supported by more than 850 published scientific papers. |
| Mar 2021 | Undisclosed stage | KKR (lead) | $100M | $1B | Nordic Bioscience A/S is a Danish biomarker development company specializing in extracellular matrix (ECM) biomarkers for drug development and diagnostics in areas like fibrosis, oncology, diabetes, and cardiovascular diseases. It holds over 150 patents, has published more than 500 scientific papers, and partners with major pharmaceutical companies, biotech firms, CROs, and diagnostic companies. The company operates a CAP-certified laboratory for preclinical and clinical data analysis. On March 3, 2021, KKR announced an investment in Nordic Bioscience, acquiring a minority equity stake from existing shareholders to support global expansion of R&D services, diagnostics platform, patent portfolio, and drug development pipeline. Sources describe the deal as KKR investing approximately $100 million for an approx. 10% minority stake, referred to as the transaction price. Nordic Bioscience's CEO Morten Karsdal highlighted KKR's role in accelerating commercialization of novel diagnostic biomarkers and drug candidates. Founder Claus Christiansen emphasized leveraging 25 years of ECM expertise for major disease areas. KKR, with extensive healthcare investment experience including $14 billion in equity since 2004, was selected for its global support in growth ambitions. |
Who has invested in Nordic Bioscience?
2 investors have backed Nordic Bioscience across its funding rounds, including KKR and Claus Christiansen.
Lead investors include KKR.
Nordic Bioscience Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialNordic Bioscience Competitors
Nordic Bioscience competitors include listed companies like Pacific Biosciences and Sansure Biotech, and private ones like Immunai, Mammoth Biosciences, Element Biosciences and Sangon Biotech.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $25M | - | $1B | 41.2x | ||
| Publicly listed | $160M | ($153M) | $790M | 7.9x | ||
| Private | $102M | - | $1.4B | 13.7x | ||
| Publicly listed | $245M | $48M | $1.4B | 4.4x |
Nordic Bioscience Public Comps
Nordic Bioscience is still privately-owned, but its public comps include Bide Pharmatech Co, Castle Biosciences, CryoPort, Eckert & Ziegler, OPKO Health, Pacific Biosciences, Novogene, SEEGENE, OmniAb and SOPHiA Genetics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $198M | $33M | 4.6x | 4.3x | 27.6x | - | |||
| $344M | ($429K) | 2.5x | 2.3x | (1974.1x) | 44.9x | |||
| $176M | ($2M) | 4.3x | 4.0x | (362.8x) | (1501.4x) | |||
| $352M | $103M | 2.3x | 2.2x | 7.7x | 7.5x | |||
| $607M | ($56M) | 2.1x | 2.2x | (22.6x) | (10.9x) | |||
| $160M | ($153M) | 7.8x | 7.9x | (8.2x) | (9.7x) | |||
| $330M | $50M | 3.0x | 3.1x | 19.6x | 21.2x | |||
| $350M | $86M | 2.6x | 2.4x | 10.6x | 8.7x | |||
This data is available for Pro users. Sign up to see all Nordic Bioscience competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Nordic Bioscience
| When was Nordic Bioscience founded? | Nordic Bioscience was founded in 1991. |
| Where is Nordic Bioscience headquartered? | Nordic Bioscience is headquartered in Copenhagen, Denmark. |
| Is Nordic Bioscience publicly listed? | No, Nordic Bioscience is a private, VC-backed company. |
| What is Nordic Bioscience's valuation? | Nordic Bioscience was last valued at $1B in its undisclosed-stage round in March 2021. |
| How much funding has Nordic Bioscience raised? | Nordic Bioscience has raised $100M across 1 funding round. |
| What was Nordic Bioscience's last funding round? | Nordic Bioscience's last funding round was a $100M undisclosed-stage round in March 2021, led by KKR. |
| Who are Nordic Bioscience's investors? | Nordic Bioscience's investors include KKR and Claus Christiansen. |
| Which companies are comparable to Nordic Bioscience? | Companies comparable to Nordic Bioscience include Immunai, Mammoth Biosciences, Element Biosciences, Pacific Biosciences, Sangon Biotech and Sansure Biotech. |
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