Adcendo
Copenhagen, Denmark · Founded 2017 · $265.0M raised
- Headquarters
- Copenhagen
- Employees
- 11–50
- Founded
- 2017
- Business Model
- B2B
- Website
- adcendo.com
- Total Funding
- $265.0M
- Last Round
- $75.0M Series CApr 2026
- Rounds
- 3
About
Adcendo is a clinical-stage Copenhagen biotech developing antibody-drug conjugates (ADCs) for underserved cancers, spun out in 2017 from the Finsen Laboratory of Rigshospitalet and the University of Copenhagen by Niels Behrendt, Lars Henning Engelholm, Christoffer Nielsen, and biotech entrepreneur Henrik Stage. Lead program ADCE-D01, the first uPARAP-targeted ADC with a topoisomerase-inhibitor payload, holds FDA Fast Track designation for soft tissue sarcoma and is enrolling the ADCElerate1 dose-escalation and expansion study in mesenchymal cancers. The company, led by CEO Michael Pehl, closed an oversubscribed $75 million Series C in April 2026 led by Jeito Capital with new investors Vida Ventures, Bpifrance, and Denmark’s EIFO, funding three clinical ADC programs through upcoming milestones.
Summary
Adcendo is a Biotech company based in Copenhagen, Denmark, founded in 2017. It has raised $265.0M in total across 3 rounds, most recently a $75.0M Series C round in Apr 2026. Investors include Jeito Capital, Novo Holdings A/S and RA Capital Management.
Tech & App Stack
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Funding History
Apr 2026
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Series A through Series C — per-round amounts, valuations, and who invested in each round.
Investors
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