Orbis Medicines Funding, Investors & Competitors

Orbis Medicines has raised $121M across 2 funding rounds, most recently a $93M Series A in January 2025.

Last Orbis Medicines funding round

$93M

Series A · Jan 2025

Cumulative funding Orbis Medicines raised

$121M

across 2 funding rounds

Key investors in Orbis Medicines

  • Novo Holdings
  • Forbion Capital Partners
  • New Enterprise Associates
  • Cormorant Asset Management
  • Eli Lilly
  • Export and Investment Fund

Orbis Medicines Overview

About Orbis Medicines

Orbis Medicines is a drug discovery platform generating oral macrocycle therapeutics called nCycles. San Diego-headquartered since 2021, it designs molecules against targets like IL-17 and PCSK9, previously addressed by injectables from AbbVie and Regeneron. Orbis' computational engine screens 1 billion compounds weekly, advancing three preclinical candidates with 30 percent oral bioavailability.


Founded

2021

HQ

DenmarkCopenhagen

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Orbis Medicines Funding History

Orbis Medicines has raised a total of $121M across 2 funding rounds.

Orbis Medicines' first fundraising round was a $28M seed round in February 2024. The most recent completed round was a $93M Series A in January 2025.

Orbis Medicines funding rounds

Orbis Medicines funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2025Series ANew Enterprise Associates (lead); Novo Holdings; Export and Investment Fund; Eli Lilly; Forbion Capital Partners; Cormorant Asset Management$93MOrbis Medicines is a biotechnology company founded in 2021 by Novo Holdings, based on research from Professor Christian Heinis and Sevan Habeshian at EPFL, focused on pioneering oral macrocycle drug discovery. Its nGen platform uses automated chemistry and machine learning to generate nCycles, smaller, orally bioavailable macrocycles optimized for targets validated by blockbuster injectable biologics, aiming to create oral alternatives for chronic diseases. The company emerged from stealth in 2024 with a €26 million seed round co-led by Novo Holdings and Forbion. On January 6, 2025, Orbis announced a €90 million ($93-94 million) Series A financing led by New Enterprise Associates (NEA), with participation from new investors Eli Lilly and Company, Cormorant Asset Management, Export and Investment Fund of Denmark, and existing investors Novo Holdings and Forbion. Proceeds will advance the nCycles pipeline toward the clinic. Morten Graugaard, previously Executive Chair and Novo Holdings Partner, was appointed CEO. The platform can synthesize and analyze up to 100,000 macrocycles in weeks, differentiating from competitors like Bicycle Therapeutics by enabling cell permeability and scalable production for intracellular and extracellular targets. Proof-of-concept published in Nature Communications and Nature Chemical Biology. Orbis operates in Copenhagen, Denmark, and Lausanne, Switzerland.
Feb 2024SeedForbion Capital Partners (lead); Novo Holdings (lead)$28MOrbis Medicines is a Denmark-based biotech startup focused on discovering oral macrocycle drugs, termed 'nCycles,' as alternatives to blockbuster biologics, using a platform that combines high-throughput chemical synthesis, large-scale assaying, and machine learning to explore macrocycle chemical space. Founded in 2021 by Novo Holdings' Seeds Investment team, based on science from Christian Heinis and Sevan Habeshian at EPFL, the company emerged from stealth on February 29, 2024, with a €26 million ($28.1 million) seed round co-led by Novo Holdings and Forbion Capital Partners to support expansion and portfolio advancement. The financing enables systematic exploration of macrocycle targets inside and outside cells while maintaining oral dosing. Proof-of-concept for Orbis' platform has been published in Nature Communications and Nature Chemical Biology. The company operates in Copenhagen and Lausanne, with Novo Holdings' Morten Døssing as board chair at launch. Subsequently, Orbis raised a €90 million Series A on January 6, 2025, led by NEA, with participation from Eli Lilly, Cormorant, Export and Investment Fund of Denmark, and existing investors Novo Holdings and Forbion. Novo Holdings Partner Morten Graugaard became CEO, bringing extensive life sciences experience.

Who has invested in Orbis Medicines?

6 investors have backed Orbis Medicines across its funding rounds, including Novo Holdings, Forbion Capital Partners, New Enterprise Associates, Cormorant Asset Management, Eli Lilly and Export and Investment Fund.

Lead investors include New Enterprise Associates, Forbion Capital Partners and Novo Holdings.


Orbis Medicines Investors

Investors in Orbis Medicines by funding rounds participated
InvestorHQRoundsRoleFirst check
Novo HoldingsDenmarkCopenhagen2LeadFeb 2024
Forbion Capital PartnersNetherlandsNaarden2LeadFeb 2024
Export and Investment FundDenmarkCopenhagen1ParticipantJan 2025
New Enterprise AssociatesUnited StatesSan Francisco, CA1LeadJan 2025

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Orbis Medicines Competitors

Orbis Medicines competitors include listed companies like Merck KGaA, Eli Lilly and Johnson & Johnson, and private ones like Sinovac Life Sciences, Immunai and ZSPepLib.

Public and private companies comparable to Orbis Medicines
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Merck KGaAGermanyGermanyPublicly listed$24B$5.3B$66B3.1x
Sinovac Life SciencesChinaBeijingPrivate--$3.3B-
ImmunaiUnited StatesNew York City, NYPrivate--$1B-
ZSPepLibChinaZhuzhouPrivate--$732M-
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x

Orbis Medicines Public Comps

Orbis Medicines is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Orbis Medicines

When was Orbis Medicines founded?Orbis Medicines was founded in 2021.
Where is Orbis Medicines headquartered?Orbis Medicines is headquartered in Copenhagen, Denmark.
Is Orbis Medicines publicly listed?No, Orbis Medicines is a private, VC-backed company.
How much funding has Orbis Medicines raised?Orbis Medicines has raised $121M across 2 funding rounds.
What was Orbis Medicines' last funding round?Orbis Medicines' last funding round was a $93M Series A in January 2025, led by New Enterprise Associates.
Who are Orbis Medicines' investors?Orbis Medicines' investors include Novo Holdings, Forbion Capital Partners, Export and Investment Fund, New Enterprise Associates, Eli Lilly and Cormorant Asset Management.
Which companies are comparable to Orbis Medicines?Companies comparable to Orbis Medicines include Merck KGaA, Sinovac Life Sciences, Immunai, ZSPepLib, Eli Lilly and Johnson & Johnson.

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