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Hemab Therapeutics

Copenhagen, Denmark; Cambridge, MA, USA Biotechnology Private

Hemab Therapeutics is a clinical-stage biotechnology company developing novel prophylactic therapeutics for serious, underserved bleeding and thrombotic disorders. Headquartered in Copenhagen, Denmark and Cambridge, Massachusetts, the company was created in 2020 by Novo Holdings' Novo Seeds team in partnership with founders from Novo Nordisk's hemophilia research organization, and was built on technology licensed from Novo Nordisk along with Genmab's bispecific DuoBody platform. Its lead asset, sutacimig (HMB-001), is a subcutaneously administered bispecific antibody being developed as the first-in-class prophylactic treatment for Glanzmann thrombasthenia and has received FDA Fast Track and Orphan Drug designations as well as UK ILAP designation. A second program, HMB-002, is a monovalent human antibody in clinical development for Von Willebrand Disease that aims to boost endogenous Von Willebrand Factor levels by protecting the protein from degradation. The company is also advancing programs in Factor VII deficiency and plans to unveil HMB-003 in 2026. Hemab's research approach is informed by patient-centered natural history studies including GT360, FVIID360 and VWD360, and the company describes its long-term ambition as building the 'ultimate clotting company.'

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2020

Employees

51–100

Total Funding

$347M

3 rounds

Funding

Total raised $347M across 3 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series C

Date

2025

Amount

$157M

Valuation

Lead Investors

Sofinnova Partners
DateRoundAmount RaisedValuationLead Investors
2025 Series C $157M Sofinnova Partners
February 21, 2023 Series B $135M Access Biotechnology
2021 Series A $55M Novo Holdings

Prominent Investors

Rock Springs Capital Health Cap RA Capital Management Maj Invest Equity Invus Avoro Ventures Deep Track Capital Access Biotechnology Novo Holdings

Leadership

  • Benny Sorensen

    Chief Executive Officer

  • Mads Behrndt

    Chief Financial Officer and Co-Founder

  • Anant Murthy

    Chief Operating Officer

  • Kate Madigan

    Chief Medical Officer

  • Soren Bjorn

    Co-Founder

  • Hans Wandall

    Co-Founder

  • Thomas Batchelor

    Co-Founder

  • Johan Faber

    Co-Founder (former CEO and CTO; departed 2023)

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Novo Nordisk

    Danish pharmaceutical giant with a legacy hemophilia and rare bleeding disorders franchise (NovoSeven, Esperoct, Alhemo/concizumab) that competes with Hemab's prophylactic antibody programs in adjacent indications.

  • Takeda

    Major global player in rare bleeding disorders via its legacy Baxalta/Shire franchise, with marketed Von Willebrand factor and FVIII products that overlap with the patient populations Hemab targets.

  • CSL Behring

    Plasma-derived therapy leader marketing Von Willebrand factor and related coagulation products; CSL's Hemgenix and broader bleeding-disorder portfolio overlap with Hemab's prophylactic ambitions in VWD and adjacent indications.

  • Sanofi

    Owner of the Bioverativ hemophilia franchise (including Altuviiio/efanesoctocog alfa) and active in non-factor and prophylactic approaches to bleeding disorders adjacent to Hemab's clotting-disorder portfolio.

  • BioMarin Pharmaceutical

    Rare disease biotech that markets Roctavian, a gene therapy for severe hemophilia A, representing an alternative modality for prophylactic management of bleeding disorders.

  • Star Therapeutics (Vega Therapeutics)

    U.S. biotech whose Vega Therapeutics subsidiary is developing VGA039, a monoclonal antibody in clinical development for Von Willebrand Disease - a direct competitive program to Hemab's HMB-002.

Hemab Therapeutics Investment FAQ

Public status and buying access

No. Hemab Therapeutics is a private company and does not have a public stock ticker or trade on a public stock exchange. Its shares are generally held by founders, employees, investors, and other private shareholders. Buyers and sellers may be able to transact in Hemab Therapeutics shares through private secondary transactions, but any transaction depends on share availability, buyer and seller agreement, transfer restrictions, company approval rights, and any applicable right of first refusal. There is no guarantee that Hemab Therapeutics will complete an IPO or other liquidity event.

Yes, it is sometimes possible to buy Hemab Therapeutics shares pre-IPO through private secondary transactions. This depends on finding a willing seller, company approval, and satisfying any transfer restrictions or rights of first refusal.

Buyers interested in buying Hemab Therapeutics shares on the secondary market typically do so through SetterVC and other secondary-market platforms, subject to eligibility requirements, share availability, transfer restrictions, and issuer approval. Buyers may need to satisfy sophistication, accreditation, institutional, platform, regulatory, or other eligibility requirements before participating. Once eligible, buyers may be able to view listings, make bids, and work with a licensed broker through the transaction process. Buyers should ensure they have appropriate legal and financial advisors guiding them before completing any transaction.

Valuation and funding

Hemab Therapeutics's latest disclosed funding round was a Series C round in 2025. The round raised approximately $157M, with Sofinnova Partners listed as disclosed lead or major investors. Primary funding rounds are different from secondary transactions: in a primary round, capital goes to the company, while in a secondary transaction, investors buy existing shares from current shareholders. Funding-round data reflects publicly reported or collected information and may be incomplete.

Hemab Therapeutics has raised approximately $347M in disclosed funding across 3 rounds. These figures reflect primary capital raised by the company and do not include every possible secondary transaction, undisclosed round, debt facility, or private transfer. Reported funding totals can change as new rounds are announced or older round details are corrected. Eligible users can use SetterVC to track Hemab Therapeutics's funding history alongside private-market activity where available.

Hemab Therapeutics's disclosed investors include Rock Springs Capital, Health Cap, RA Capital Management, Maj Invest Equity, Invus and Avoro Ventures. Investor lists are based on public reporting, company announcements, and collected funding-round data, and may be incomplete. Participation in a prior funding round does not mean those investors are currently buying or selling shares. On SetterVC, eligible users can review Hemab Therapeutics's funding history, valuation history, and private-market activity alongside other venture-backed companies.

Market context

Hemab Therapeutics's most-cited competitors include Novo Nordisk, Takeda, CSL Behring, Sanofi, BioMarin Pharmaceutical and Star Therapeutics (Vega Therapeutics). Investors often compare these companies by sector, product focus, valuation, funding raised, growth signals, investor base, and private-market activity.

Secondary-market demand for Hemab Therapeutics shares can be affected by company performance, revenue growth, profitability, funding history, valuation, investor interest, sector momentum, public-market conditions, expected timing of a liquidity event, and the availability of shares for sale. Demand can also be affected by transfer restrictions, company approval rights, right of first refusal processes, limited information, and the price expectations of buyers and sellers. Strong demand does not guarantee strong pricing, liquidity, or investment returns. Weak demand does not necessarily reflect the company's long-term prospects. Demand signals should not be treated as a recommendation or prediction of investment performance. Buyers and sellers should treat demand signals as informational and conduct their own diligence before transacting.

Selling and transaction mechanics

Sellers often rely on intermediaries and platforms, such as SetterVC and other secondary-market platforms, to identify potential buyers. The exact process varies by company and transaction, but sellers often begin by confirming their ownership, desired price, transferability, and any company approval or notice requirements. If the seller agrees with a buyer on acceptable price and terms, the company may need to be notified through a share transfer notice or similar process. If a right of first refusal, company approval right, or other transfer restriction applies, the seller may need to wait until that process is completed. The parties may then execute a purchase and sale agreement, complete required transfer documentation, and close if all required conditions are satisfied. Sellers should always seek proper legal and financial advice before completing the transaction.

Yes, current and former Hemab Therapeutics employees, early investors, and other existing shareholders may be able to sell vested shares before an IPO through a private secondary sale. This is not automatic; it depends on whether the shareholder has transferable shares, whether there is buyer demand, and whether the company's governing documents permit the transfer. Many companies require prior notice, company approval, or a right of first refusal before shares can be sold. Sellers should also seek proper legal and financial advice before proceeding.

A Hemab Therapeutics secondary transaction usually involves an existing shareholder selling shares to a buyer before a public listing. The buyer and seller typically agree on price, number of shares, share class, and closing conditions. The seller may then need to notify Hemab Therapeutics through a share transfer notice or similar process. If Hemab Therapeutics or existing investors have approval rights, transfer restrictions, or a right of first refusal, those steps may need to be completed before the transfer can close. The parties typically enter into a purchase and sale agreement, complete any required transfer documentation, and close only if the necessary conditions are satisfied. Timing and certainty can vary by company and transaction.

In most private secondary transactions, parties commonly use a purchase and sale agreement that outlines price, terms, and conditions. They may also use share transfer documentation, often a stock transfer notice, share transfer notice, transfer instruction, or similar document, along with any required company approval or right of first refusal materials. Proof of ownership, such as a cap table entry, share certificate, brokerage statement, issuer confirmation, or administrator confirmation, may also be important. Buyers often request recent company financials, but private companies may limit disclosure. Since every deal varies, buyers and sellers should consult legal and financial advisors to understand which documents are needed.

Risk, diligence, and investor caution

Buying Hemab Therapeutics shares pre-IPO is risky. Shares are illiquid, no IPO or liquidity event is guaranteed, valuations can change, transfers may require company approval, and private companies may provide limited financial disclosure. Be prepared for total loss. SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, verify information, and seek independent legal and investment advice before proceeding.

Private secondary shares are typically illiquid. Unlike public stocks, there is no active public market, so selling them can be difficult and time-consuming. Sales depend on finding a willing buyer and often require company approval. Investors should be prepared to hold the shares for an extended period, with no guarantee of a future sale. Always assess your need for liquidity before investing.

SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, including verifying ownership, transferability, legal structure, company approval, and assessing the company's prospects. SetterVC and Setter Capital do not provide advice on whether an investment is good, what price to pay, or what the best bid or ask is. SetterVC and Setter Capital may share documents in some circumstances, but it does not guarantee their accuracy or completeness. Due diligence is essential. Seek legal and investment advice as needed.

Before buying Hemab Therapeutics shares, a buyer should try to review the share class, price per share, implied valuation, transfer restrictions, ROFR process, company approval rights, seller ownership evidence, recent financing or tender-offer information, available financial information, information rights, resale restrictions, tax considerations, and expected liquidity paths. Not all information may be available for a private company. Buyers should confirm available diligence, process details, and information needs with their own legal, tax, and investment advisers.

SPVs carry risks. Examples include the need to confirm the company allows SPV-based transfers, verify that the SPV truly owns the shares or interests it claims to own, and ensure it has not sold more interests than it holds. Due diligence is essential. Seek legal and investment advice as needed.

Forward contracts carry risks. Examples include the seller refusing to transfer the shares at the future date, even if the seller owns them, the seller going bankrupt with creditors claiming the shares, or the seller committing the same shares to multiple parties. Due diligence is essential. Seek legal and investment advice as needed.

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