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Minervax

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Engaged in clinical development of a Group B Streptococcal vaccine targeting pregnant women for the prevention of life-threatening infections in newborns

Hellerup, DenmarkFounded 2010Biotech & Life Sciences
Valuation $250–500M Last recorded · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About Minervax

MinervaX is a healthcare startup focused on developing a maternal vaccine to combat Group B Streptococcus (GBS), a bacteria that can cause severe infections in newborns and adverse pregnancy outcomes. GBS is a common bacteria found in about 20% of pregnant women and is the leading cause of life-threatening infections in newborns in their first three months. It's responsible for a significant number of neonatal diseases, stillbirths, preterm deliveries, and long-term neurological damage in babies worldwide.

Currently, the prevention of GBS in newborns is a major vaccine objective identified by the US National Institute of Health. However, no universally effective vaccine has been approved yet. The existing intervention involves administering large amounts of preventative antibiotics to pregnant women, which has led to widespread antibiotic resistance and potential impacts on neonatal development.

MinervaX aims to address this issue by developing a vaccine based on adjuvanted proteins antigens that cover almost 100% of clinical GBS isolates. In simpler terms, the vaccine is designed to stimulate the body's immune response against GBS, providing protection to both the mother and the baby.

The company operates in the global healthcare market, specifically in the vaccine development sector. Its primary clients are healthcare providers who would administer the vaccine to pregnant women. MinervaX's business model revolves around the research, development, and eventual commercialization of this vaccine. The company would generate revenue through the sale of the vaccine to healthcare providers and institutions.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2010
Headquarters
Hellerup, Denmark
Employees
83
Open positions
None listed
Dealroom signal
88.0/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Developer Tools, Biotechnology, Biotech and Pharma, Nordic Rising Star 2022, Top 50 Nordic Rising Star 2022 Denmark, Hard Tech, Horizon Europe, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Oct 2023 $59M $238M Industrifonden · Novo Holdings · OrbiMed · Sanofi Ventures ↗
DEBTDebt Dec 2022 $55M — European Investment Bank ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Minervax website traffic

Latest recorded traffic for Minervax is 410 monthly website visits, down 62.7% over the last three months. Minervax's team grew 1.2% over the past year.

Latest monthly visits410 3-month web change-62.7% 1-year team growth+1.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
Zealand PharmaDiscovery, design and development of innovative peptide-based medicines Søborg, Denmark Operational 629 $165M $1.4B
Alginor ASAAlginor's green innovation, AORTA, increases the utilisation ratio of seaweeds from approximately 15 to 100% without using formaldehyde and other harmful chemicals Haugesund, Norway Operational
ADCendoA Copenhagen-based biotech company dedicated to developing highly differentiated antibody-drug conjugates (ADCs) for the treatment of underserved cancers Copenhagen, Denmark Operational
CYTOKIA pre-clinical biotechnology company with focus on serious diseases caused by epithelial injury having an unmet medical need Værløse, Denmark Operational
Valo TherapeuticsAn immunooncology company developing tumour antigen-coated oncolytic viruses as therapeutic vaccines Helsinki, Finland Operational
Asgard TherapeuticsSpin-off company from Lund University focusing on developing cancer immunotherapies based on cell fate reprogramming Lund Municipality, Sweden Operational
SynklinoStrives to provide rapid relief and improve long-term survival for transplant recipients by providing fast and safe eradication of cytomegalovirus (CMV) infections Copenhagen, Denmark Operational
SNIPR BiomeSNIPR Biome is to develop CRISPR-based medicines that give hope for effective and safe treatment of difficult-to-treat diseases in the future Copenhagen, Denmark Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

19 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Innovation Fund Denmark

Series A9 investors entered at this stage

  • Heartcore Capital
  • Novo Seeds
  • Wellington Partners
  • Lauritzen Fonden
  • Industrifonden
  • Sanofi Ventures
  • Repair Impact Fund
  • Sunstone Life Science Ventures
  • Adjuvant Capital

Series B and later8 investors entered at this stage

  • Novo Holdings
  • European Investment Bank
  • Pureos Bioventures
  • Trill Impact
  • LF Investment.
  • OrbiMed
  • EQT Group
  • LF Invest

Other known investors1 additional known investor

  • Novo Ventures
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇸🇪 Sweden49.2%
🇩🇰 Denmark37.7%
🇺🇸 United States6.6%
🇩🇪 Germany1.6%
🇦🇹 Austria1.6%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Minervax on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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