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Top 50 Medical Device Startup Investors in Europe (November 2026)

The most active venture capital funds and angel investors investing in Europe Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Europe Medical Device startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
SOSV
VC Fund
84 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $25k–$5M
Enterprise Ireland
VC Fund
53 Ireland, United States, United Kingdom Seed, Venture - Series Unknown, Grant Software, Health Care, Information Technology $26k–$8.2M
Bpifrance
VC Fund
41 France, United States, Switzerland Seed, Venture - Series Unknown, Series A Software, Health Care, Biotechnology $752k–$34M
HTGF (High-Tech Gruenderfonds)
VC Fund
34 Germany, Switzerland, United States Seed, Series A, Venture - Series Unknown Software, Biotechnology, Health Care $680k–$31M
SFC Capital
VC Fund
33 United Kingdom, United States, Ireland Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $125k–$2.5M
Almi Invest
VC Fund
26 Sweden, Norway, United States Venture - Series Unknown, Seed Software, Health Care, Manufacturing $226k–$3.5M
Portugal Ventures
VC Fund
26 Portugal, United States, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, Health Care $107k–$3.6M
Parkwalk Advisors
VC Fund
24 United Kingdom, United States, Philippines Seed, Series A, Series B Biotechnology, Health Care, Software $991k–$44M
SOSV HAX
VC Fund
22 United States, Canada, China Seed, Convertible Note, Pre-Seed Robotics, Software, Manufacturing $25k–$4.5M
Par Equity
VC Fund
21 United Kingdom, United States, Brazil Venture - Series Unknown, Seed Software, Manufacturing, Information Technology $82k–$4.3M
Northstar Ventures
VC Fund
20 United Kingdom, United States, Indonesia Seed, Venture - Series Unknown, Series A Software, Information Technology, Health Care $45k–$10M
Western Development Commission
VC Fund
19 Ireland, United States Seed, Venture - Series Unknown, Series A Health Care, Medical Device, Biotechnology $702k–$17M
Scottish Enterprise
VC Fund
17 United Kingdom, United States, Switzerland Grant, Seed, Venture - Series Unknown Biotechnology, Software, Health Care $119k–$6.3M
Sofinnova Partners
VC Fund
17 France, United States, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $7M–$105M
Mercia Asset Management
VC Fund
16 United Kingdom, United States Venture - Series Unknown, Series A, Seed Software, Information Technology, Health Care $576k–$13M
Archangels
VC Fund
16 United Kingdom, United States Venture - Series Unknown, Seed Software, Health Care, Biotechnology $795k–$6.6M
HBAN
VC Fund
15 Ireland, United Kingdom, United States Seed, Venture - Series Unknown Health Care, Software, Medical Device $375k–$7.3M
Elkstone Capital Partners
VC Fund
15 Ireland, United Kingdom, United States Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Health Care $797k–$18M
Mercia Fund Managers
VC Fund
15 United Kingdom, United States, Hungary Seed, Venture - Series Unknown, Series A Software, Health Care, Biotechnology $233k–$14M
Kelvin Capital
VC Fund
15 United Kingdom, United States Seed, Venture - Series Unknown Health Care, Biotechnology, Manufacturing $167k–$4.4M
Seventure Partners
VC Fund
15 France, United States, Germany Series A, Series B, Seed Biotechnology, Software, Health Care $1.1M–$63M
Irrus Investments
VC Fund
15 Ireland, Sweden, United States Seed, Venture - Series Unknown, Series A Health Care, Medical Device, Biotechnology $879k–$24M
Karista
VC Fund
15 France, United States, Finland Seed, Series A, Series B Software, Biotechnology, Health Care $713k–$33M
GO CAPITAL
VC Fund
14 France, Canada, Israel Seed, Venture - Series Unknown, Series A Software, Biotechnology, Health Care $549k–$13M
UK Innovation & Science Seed Fund
VC Fund
14 United Kingdom, United States Seed, Venture - Series Unknown Biotechnology, Health Care, Medical $512k–$6.7M
Elaia
VC Fund
14 France, United States, Spain Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.1M–$50M
Deepbridge Capital
VC Fund
14 United Kingdom, Spain, Australia Seed, Venture - Series Unknown, Series A Health Care, Biotechnology, Medical $142k–$15M
SyndicateRoom
VC Fund
14 United Kingdom, United States, India Seed, Equity Crowdfunding, Pre-Seed Health Care, Software, Medical $390k–$2.7M
Newable Private Investing
VC Fund
13 United Kingdom, United States Seed, Series A Software, Health Care, Biotechnology $196k–$5.6M
European Investment Bank
VC Fund
13 France, Germany, Spain Debt Financing, Post-IPO Debt, Venture - Series Unknown Energy, Biotechnology, Health Care $8.7M–$587M
Bayern Kapital
VC Fund
13 Germany, United States, United Kingdom Seed, Series A, Series B Software, Health Care, Manufacturing $1.1M–$132M
Norgine Ventures
VC Fund
12 United Kingdom, France, The Netherlands Venture - Series Unknown, Debt Financing, Seed Health Care, Medical Device, Biotechnology $450k–$21M
Catapult Ventures
VC Fund
12 United Kingdom, United States, Israel Seed, Venture - Series Unknown Health Care, Biotechnology, Medical $150k–$5.6M
Atlantic Bridge University Fund
VC Fund
12 Ireland, United States Seed, Series A, Series B Health Care, Medical Device, Big Data $859k–$80M
Kurma Partners
VC Fund
12 France, Switzerland, The Netherlands Series A, Seed, Series B Health Care, Biotechnology, Pharmaceutical $2.8M–$98M
Chalmers Ventures AB
VC Fund
12 Sweden, United States Pre-Seed, Seed, Venture - Series Unknown Software, Biotechnology, Information Technology $5.8k–$3.5M
EISMEA
VC Fund
12 Spain, Italy, United Kingdom Grant, Venture - Series Unknown, Seed Manufacturing, Biotechnology, Software $53k–$2.6M
EIT Health
VC Fund
12 United Kingdom, Spain, Ireland Grant, Pre-Seed, Seed Health Care, Medical Device, Medical $27k–$1.7M
Business Growth Fund
VC Fund
11 United Kingdom, Ireland, United States Venture - Series Unknown, Private Equity, Series A Software, Manufacturing, Information Technology $3.4M–$22M
Sofimac Investment Managers
VC Fund
11 France, Italy, Austria Venture - Series Unknown, Seed Health Care, Biotechnology, Manufacturing $268k–$8.7M
Oxford Technology Management
VC Fund
11 United Kingdom, United States Seed, Series A Biotechnology, Health Care, Software $41k–$8.5M
Scottish Investment Bank
VC Fund
11 United Kingdom, United States, France Venture - Series Unknown, Seed, Series A Software, Biotechnology, Information Technology $179k–$7.5M
Innovate UK
VC Fund
11 United Kingdom, United States, Ireland Grant, Pre-Seed, Seed Health Care, Biotechnology, Software $58k–$3.5M
Vaekstfonden
VC Fund
11 Denmark, United States, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, SaaS $384k–$23M
Centre for the Development of Industrial Technology (CDTI)
VC Fund
11 Spain, United States, United Kingdom Grant, Seed, Venture - Series Unknown Biotechnology, Health Care, Software $167k–$26M
Hiventures
VC Fund
11 Hungary, United States, United Kingdom Pre-Seed, Seed, Series A Software, Information Technology, Manufacturing $18k–$2.9M
BioInnovation Institute
VC Fund
10 Denmark, Germany, Switzerland Convertible Note, Pre-Seed, Seed Biotechnology, Medical, Health Care $495k–$5.2M
HBAN Medtech Syndicate
VC Fund
10 Ireland Seed, Series B Medical Device, Medical, Health Care $1.3M–$11M
CDP Venture Capital
VC Fund
10 Italy, United States, United Kingdom Seed, Series A Software, Information Technology, Health Care $488k–$23M
Asabys Partners
VC Fund
10 Spain, France, Belgium Series A, Series B, Seed Health Care, Biotechnology, Medical Device $1.3M–$135M
Access all 50 investors in Europe Medical Device startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

SOSV
VC Fund · Princeton, New Jersey, United States · 84 investments in Europe Medical Device startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 3821
  • Round size: Seed $125k–$5M; Pre-Seed $25k–$1.5M; Convertible Note $50k–$3.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $306M in 2023

Portfolio highlights

  • Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
  • Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
  • Samphire Neuroscience — Samphire Neuroscience builds clinically validated neurotechnology to support women across their lives. Our wearable devices, Nettle™ and Lutea™, are built on the same underlying brain-stimulation technology, targeting neural pathways involved in pain, mood, stress, and sleep regulation. - Lutea™ is available globally as a wellness device. Itstimulates the same regions of the brain to support stress regulation, sleep, and recovery - key drivers of readiness and long-term performance - allowing athletes and teams to move beyond wellbeing education alone to practical, evidence-based intervention. - Nettle™ is a CE-marked (EU and UK regulated), drug- and hormone-free device that has been clinically shown to improve pain, mood, functionality, and the ability to train during the menstrual cycle, with measurable benefits after one month of use - supporting athletes to maintain training intensity and movement quality during their period. - The Samphire App is the platform controlling all Samphire hardware products with the use of CycleSync™ AI technology: the only one of its kind to support personalized neurotechnology use for women.
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Enterprise Ireland
VC Fund · Dublin, Dublin, Ireland · 53 investments in Europe Medical Device startups

Enterprise Ireland is the government agency responsible for the development and funding of the indigenous business sector. Their mission is to accelerate the development of companies to achieve strong positions in global markets resulting in increased national and regional prosperity. It was founded in 1998 and headquartered in Dublin, Ireland.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Venture - Series Unknown, Grant
  • Geography: Ireland, United States, United Kingdom

Investor stats

  • Total investments: 895
  • Round size: Seed $399k–$3.2M; Grant $26k–$5.5M; Venture - Series Unknown $560k–$8.2M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $1.2M in 2021

Portfolio highlights

  • Foodcloud — We connect businesses that have surplus food with Charities and Community Groups that need it.
  • Amethyst Care — Amethyst Care is a startup that creates an AI-powered voice assistant for those with mobility difficulties.
  • EstateMin — EstateMin provides software for law firms handling estate planning, trust administration, probate, and estate administration. Its platform supports client intake, case workflows, document organization, asset and liability tracking, and case progress visibility through a centralized dashboard. A client portal lets clients and executors submit information and documents. The platform also offers AI-supported case review and integrates with Clio.
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Bpifrance
VC Fund · Maisons-alfort, Ile-de-France, France · 41 investments in Europe Medical Device startups

Bpifrance provides financial solutions for companies that are booting up the listing on the stock exchange and credit equity. It includes OSEO, CDC Entreprises, FSI, and FSI Regions to offer in your area of financial solutions at every stage of the life of your business.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: France, United States, Switzerland

Investor stats

  • Total investments: 1745
  • Round size: Seed $752k–$6.1M; Series A $2.6M–$34M; Venture - Series Unknown $1.1M–$32M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely actively investing — fresh fund, raised $27M in 2025

Portfolio highlights

  • Proteor — Proteor offers a complete range of high quality products and services to the O&P world, through more than 60 clinics.
  • Advicenne — Specialty pharmaceutical company focused on the development of pediatric friendly therapeutics for the treatment of orphan renal diseases and neurology.
  • BiPER Therapeutics — BiPER Therapeutics is a biotech company to develop and commercializes novel therapeutics.
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HTGF (High-Tech Gruenderfonds)
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 34 investments in Europe Medical Device startups

High-Tech Grunderfonds finances startups with growth potential. Its team of investment managers supports young companies with expertise, entrepreneurial spirit, and passion. The company focuses in the fields of digital tech, industrial tech, life sciences, chemistry, and related business areas. It also focuses on financial services in various sectors.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 851
  • Round size: Seed $680k–$6.5M; Series A $3M–$31M; Venture - Series Unknown $911k–$12M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $515M in 2022

Portfolio highlights

  • Extoll — EXTOLL, a leader in high-speed, ultra-low power SerDes and Chiplet connectivity, offers semiconductor IP with the smallest footprints and highest PPA. Serving global ASIC, SoC, and Chiplet markets, our portfolio includes tailored NoC (Network-on-Chip) and Die-to-Die solutions. EXTOLL drives innovation, enabling successful migration into the Chiplet Age.
  • Selfapy — Selfapy offers a therapy support tool that helps recognize negative patterns of thought and train new behavior. Selfapy is your guided, self-help online course against depression with a personal psychologist as a companion.
  • BlueID GmbH — Smart locks for professionals. BlueID delivers flexible, secure and convenient smart locks for all doors in and around your office.
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SFC Capital
VC Fund · London, England, United Kingdom · 33 investments in Europe Medical Device startups, 56 in the past 12 months

Discover the UK's leading SEIS Fund, offering tax-efficient investments in innovative startups. Join thousands of savvy investors and raise capital for your business with SFC Capital.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United Kingdom, United States, Ireland

Investor stats

  • Total investments: 804
  • Round size: Seed $125k–$1.9M; Pre-Seed $170k–$846k; Venture - Series Unknown $201k–$2.5M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $1.9M in 2019

Portfolio highlights

  • Obsero — Obsero is an AI search intelligence platform and consultancy designed for marketing and communications teams. The platform tracks, measures, and optimizes how brands surface, get cited, and are recommended across Large Language Models (LLMs) and AI search assistants.
  • Surghive — Surghive provides a platform-agnostic virtual reality (VR) and AI-enabled training intelligence platform designed to solve the robotic surgical training bottleneck in healthcare.
  • Overtone — Decibels Audio Ltd. is a London-based technology company that designs and manufactures Overtone, a specialized audio device engineered for personalized sound enhancement. Crafted from bio-acetate and titanium, the device utilizes a finely tuned sound engine developed alongside audiological experts to improve speech clarity and support everyday hearing experiences.
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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 26 investments in Europe Medical Device startups

Almi Invest is Sweden’s most active early-stage venture capital firm, investing in scalable startups across Sustainability, Industry, Tech, and Life Science. We invest from pre-seed to Series A, always co-investing with independent private investors to accelerate innovation and long-term success. Our portfolio spans sustainable solutions, industrial innovation, deep tech, SaaS, and life science, supporting startups that drive economic and environmental progress. With €430 million under management and over 1,000 investments since 2009, we have backed leading companies like MIPS, Tobii, and Neo4j, with notable exits to Google, Apple, Microsoft, and Qlik. Beyond capital, we offer engaged ownership, providing strategic guidance, active board participation, and access to an extensive investor network. Almi Invest is part of the Almi Group and is funded by the European Regional Development Fund, Almi AB, and regional partners.

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 600
  • Round size: Seed $226k–$2.2M; Venture - Series Unknown $338k–$3.5M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $64M in 2024

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Indevex AB — Indevex is a science-based and privately owned biotech company from Sweden. A natural and reliable partner, providing evidence based natural nutrition concepts based on the patented NGC™ Formula.
  • Xaga Surgical — Xaga Surgical aims to minimize the risk of infections by inventing safer medical needles.
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Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 26 investments in Europe Medical Device startups

Verticals:Enterprise, SaaS, Security, Networks, AI, VR/AR, Marketplace, Blockchain, Internet of Things, New materials, Electronics, Robotics, Cleantech, Agrotech, Seatech, Therapeutics, Digital Health, Diagnostics, Innovative Accommodation, Tourist Entertainment Companies, Tour Operators, Wine, Nautical and Equestrian Tourism, Theme Parks Mobile, Robotics Founded in 2012, Portugal Ventures is a venture capital firm based in Porto, Portugal. The firm is a part of the Banco Português de Fomento group. The firm seeks to invest in pre-seed, seed and series A stages

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 409
  • Round size: Seed $121k–$1.9M; Pre-Seed $107k–$796k; Venture - Series Unknown $121k–$3.6M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Fetalix — Fetal-inspired solutions for tissue regeneration
  • Unlockit — Unlockit will offer to public and governmental bodies the guarantee that everything within a real estate transaction is recorded, meaning better industry regulation, more taxes and public fees collected, and less overall fraud and money laundering activities.
  • Outgoing — A ticketing tool that allows organizers to sell tickets directly on WhatsApp and Instagram. Users can purchase tickets through a personalized checkout process entirely within the chat, without registration or redirects. It also offers customer support that answers questions in real time.
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Parkwalk Advisors
VC Fund · London, England, United Kingdom · 24 investments in Europe Medical Device startups, 11 in the past 12 months

Parkwalk is a London-based fund management firm. Parkwalk invests in UK technology companies that have IP backing and freedom to operate, generally spun out of UK universities. Their funds seek to generate capital gains for their investors, enhanced by the attractive tax relief provided by EIS. Parkwalk entered this investment sector in 2009, anticipating a wave of tax-efficient incentives launched by the UK Government to stimulate innovative emerging technology companies and thereby help drive economic growth. Parkwalk utilises academic, technology transfer, venture capital and personal networks developed over many years to gain access to the highest calibre deal-flow. In 2017 Parkwalk joined forces with IP Group plc, a leading intellectual property commercialisation company that is listed on the Main Market of the London Stock Exchange under the ticker symbol IPO. As at March 2019 the combined group has net assets of £1.2bn.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Philippines

Investor stats

  • Total investments: 356
  • Round size: Seed $991k–$4.9M; Series A $1.6M–$14M; Series B $1.7M–$44M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Adsilico — Explore how virtual populations and in silico trials help medical device teams understand variation and build stronger evidence.
  • Illumion — Illumion develops high-throughput optical tools to accelerate battery material development
  • MoA Technology — We harness the principles of natural selection to accelerate discovery for better, safer herbicides so farmers can continue to feed the world.
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SOSV HAX
VC Fund · San Francisco, California, United States · 22 investments in Europe Medical Device startups, 9 in the past 12 months

HAX is a program for Hard Tech startups taking their first steps towards commercialization. We provide hands-on support and investment as part of SOSV, a $1B AUM multi-stage venture firm.

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Investment focus

  • Industry: Robotics, Software, Manufacturing
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, Canada, China

Investor stats

  • Total investments: 699
  • Round size: Seed $38k–$4.5M; Pre-Seed $25k–$2M; Convertible Note $100k–$3.8M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • 5QXT — 5QXT is a mining technology company that provides the design, development, and implementation of metal extraction processes.
  • XFuel — XFuel is a fuel company that provides green and clean fuels to distributors and consumers. The company was founded in 2010 and is based in Palma de Mallorca, Baleares.
  • Cortysis — Cortysis develops brain stimulation device for rapid spatial and temporal modulation of cortical networks
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Par Equity
VC Fund · Edinburgh, Edinburgh, City of, United Kingdom · 21 investments in Europe Medical Device startups

Founded in 2008, Par Equity is a venture capital firm that backs the most innovative, high growth technology companies in the North of the UK. Based in Edinburgh, Par invests across Northern England, Northern Ireland and Scotland.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Venture - Series Unknown, Seed
  • Geography: United Kingdom, United States, Brazil

Investor stats

  • Total investments: 358
  • Round size: Seed $253k–$4.3M; Venture - Series Unknown $82k–$3.2M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $122M in 2023

Portfolio highlights

  • Fuuse — Fuuse is an electric vehicle charge point management system that enables your chargers to deliver more for you and your drivers.
  • PathXL — Cirdan provides highly reliable, innovative LIS & imaging solutions for the acceleration & enhancement of diagnosis, optimized for pathology & clinical lab.
  • Skylark Lasers — UniKLasers specialises in single frequency, continuous wave DPSS lasers at mid- to high power. Suitable for Raman, Holography, Interferometry, Microscopy, Metrology, Quantum Technologies, and more
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Northstar Ventures
VC Fund · Newcastle Upon Tyne, Newcastle upon Tyne, United Kingdom · 20 investments in Europe Medical Device startups, 9 in the past 12 months

Northstar Ventures invests venture capital in early and later stage, high growth companies tackling global challenges, focusing on climate tech and healthy ageing.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United Kingdom, United States, Indonesia

Investor stats

  • Total investments: 373
  • Round size: Seed $45k–$1.3M; Series A $295k–$10M; Venture - Series Unknown $363k–$3.6M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $20M in 2024

Portfolio highlights

  • OneClickComply — OneClickComply automates ISO 27001, SOC 2, Cyber Essentials and 240+ standards: evidence from 13,000+ tools, one-click fixes and an in-house audit team.
  • Land Digital — Land Digital is a tech, web design, web creation, content marketing, digital marketing, SEO, and mobile application agency.
  • Magnitude Biosciences — Magnitude Biosciences is a biotechnology firm combine experience in ageing research, the nematode C. elegans and automation.
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Western Development Commission
VC Fund · Ballaghaderreen, Roscommon, Ireland · 19 investments in Europe Medical Device startups

Supporting communities to grow, investing in businesses to scale and planning for the future of the western region.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Ireland, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $702k–$3.9M; Series A $2.2M–$11M; Venture - Series Unknown $753k–$17M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Ovagen — Ovagen is a biotechnology company that has developed the process of producing germ free (GF) chicken eggs and GF birds in commercial quantities for use primarily in the pharmaceutical industry. Ovagen can also provide a Contract Research Service and has extensive expertise in SPF poultry & rodent housing & husbandry, in specific poultry& rodent research technologies to GMP standards and in avian transgenics.
  • Peroptyx — Peroptyx is a platform that provides managed solutions for machine learning. At Peroptyx, they have assembled and pre-screened a qualified network of data evaluators across the globe. They strategically match ideal evaluators with each product to ensure authentic experiences through consistency and appropriate real-world contexts.
  • Galway Biomedical — Galway Biomedical partners with global medical device companies to bring complex braided devices from early concept through to full-scale production.
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Scottish Enterprise
VC Fund · Glasgow, Glasgow City, United Kingdom · 17 investments in Europe Medical Device startups, 36 in the past 12 months

Scotland's business advice, support and funding agency. Explore our products and services to find the right support for your business and apply online today.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Grant, Seed, Venture - Series Unknown
  • Geography: United Kingdom, United States, Switzerland

Investor stats

  • Total investments: 410
  • Round size: Seed $406k–$4.3M; Grant $119k–$5.3M; Venture - Series Unknown $566k–$6.3M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • GLORIAH — Explore plant-based intimate hydration oils, water-based personal gels, fragrance roll-ons and product sets designed for simple everyday routines.
  • SolarSub — SolarSub is an environmental firm that offers floating solar cooling system.
  • INEOS O&P USA — INEOS O&P USA specializes in producing raw materials that are essential in the manufacture of a wide variety of goods under various sectors.
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Sofinnova Partners
VC Fund · Paris, Ile-de-France, France · 17 investments in Europe Medical Device startups

Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 360
  • Round size: Series A $7M–$70M; Series B $10M–$105M; Series C $12M–$100M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $755M in 2025

Portfolio highlights

  • Odoo — From ERP to CRM, eCommerce and CMS. Download Odoo or use it in the cloud. Grow Your Business.
  • IMIO — Improve efficiency across the crop nutrient cycle. IMIO natural microbial products reliably increase nutrient availability and reduce tillage.
  • DMC Biotechnologies — Transforming How the World Makes Chemicals
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Mercia Asset Management
VC Fund · Henley In Arden, Warwickshire, United Kingdom · 16 investments in Europe Medical Device startups

Mercia Asset Management provides equity and debt to UK businesses with growth ambition. We are your investment partners from scale-up to exit.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: United Kingdom, United States

Investor stats

  • Total investments: 112
  • Round size: Seed $576k–$3.2M; Series A $2.2M–$13M; Venture - Series Unknown $659k–$12M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — raised $38M in 2018

Portfolio highlights

  • StratoBayes — Automated stratigraphic correlation with quantified uncertainty, built on Bayesian statistical inference.
  • Camena Bioscience — Camena Bioscience is a synthetic biology company that develops tools to engineer new synthetic biology applications. It has engineered new nucleic acid synthesis technology which improves the quality and speed of synthesis. Its multi-enzymatic technology takes one approach to DNA, RNA, and XNA synthesis, offering increased accuracy over existingPhosphoramidite synthesis technology.Camena Bioscience was founded in 2016 and is headquartered in Cambridge.
  • Warwick Acoustics Ltd — Warwick Acoustics is a UK-based technology company specialising in the development of HighRes Audio solutions for the automotive and headphone markets based on its patented High Precision Electrostatic Laminate technology (HPELs). Their ultra thin, lightweight HPELs deliver audiophile performance across a bandwidth several octaves greater thantraditional moving coil speakers in a form factor that is less than one quarter the weight, and one tenth of the thickness. In addition, HPELs offer designers unparalleled flexibility to shaped and form a speaker to individual design requirements.
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Archangels
VC Fund · Edinburgh, Edinburgh, City of, United Kingdom · 16 investments in Europe Medical Device startups, 8 in the past 12 months

Established in 1992. Archangels is the oldest continuously operating business angel syndicate in the World. Investing in IP-rich tech & life sciences companies in Scotland, UK.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Venture - Series Unknown, Seed
  • Geography: United Kingdom, United States

Investor stats

  • Total investments: 88
  • Round size: Seed $1.3M–$6.6M; Venture - Series Unknown $795k–$6.3M
  • Lead/follow: 53% lead, 47% follow

Portfolio highlights

  • CSignum — Revolutionising underwater communications with electromagnetic technology for seamless data integration between surface & submerged devices.
  • Corvidae — Corvidae is a software company that provides data analysts, digital marketing, e commerce, and paid media solutions.
  • iGii — Integrated Graphene enable better products with a revolutionary design for manufacture process producing the world's highest quality pure 3D Graphene Foam, Gii.
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HBAN
VC Fund · Dublin, Dublin, Ireland · 15 investments in Europe Medical Device startups

HBAN is dedicated to raising the profile of business angel investment as an asset class on the island of Ireland and to promote the creation of business angel syndicates.

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Investment focus

  • Industry: Health Care, Software, Medical Device
  • Stage:Seed, Venture - Series Unknown
  • Geography: Ireland, United Kingdom, United States

Investor stats

  • Total investments: 74
  • Round size: Seed $623k–$3.6M; Venture - Series Unknown $375k–$7.3M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2018

Portfolio highlights

  • Movetru — Movetru a wearable device that aims to reduce injury and enhance rehabilitation.
  • Glitch Ads — GlitchAds intends to democratize advertising by "leveraging" adverts and artificial intelligence.
  • Change by Degrees — Change by Degrees is closed. While our purpose is to give every person on the planet sustainability as a superpower, policy changes at European level and
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Elkstone Capital Partners
VC Fund · Dublin, Dublin, Ireland · 15 investments in Europe Medical Device startups, 9 in the past 12 months

Elkstone is an investment firm, focusing on entrepreneurs, senior executives, institutional LPs, the venture community, and the Irish diaspora. The objective of the organization is to boost the economic value and overall well-being of the island of Ireland by expanding a network, facilitating deserving investments, and delivering excellent investment performance.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Ireland, United Kingdom, United States

Investor stats

  • Total investments: 98
  • Round size: Seed $797k–$5.8M; Series A $5.5M–$18M; Venture - Series Unknown $1.1M–$7.8M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $108M in 2023

Portfolio highlights

  • Entity — Entity's purpose is shape the future of web gaming by leveraging emerging technologies and maximizing the browser's capabilities. Our next-generation gaming hub, scheduled to arrive in 2027, will be a global place for players to discover, connect, and play together.
  • ZeroRisk.io — ZeroRisk.io's Merchant Management Platform delivers advanced compliance and cybersecurity solutions. Gain insights, mitigate risks, and drive revenue. Book a demo today.
  • Full Health Medical — Full Health Medical patient empowerment tools that improve prevention healthcare are part of the healthcare ecosystem. FHM provides reliable digital innovation, designed by healthcare professionals that are keen to help patients live a healthy life, in response to a national scarcity of healthcare providers, the development of chronic disease, anda lack of transparency at the patient level. People provide lifetime access to preventive care healthcare across screening, diagnostics, education, treatment, and a record of their journey driven technology provides lifetime access to preventative healthcare custom designed at every step screening, diagnostics, education, and action plans that motivate individuals to address risks before they develop health problems.
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Mercia Fund Managers
VC Fund · Henley In Arden, Warwickshire, United Kingdom · 15 investments in Europe Medical Device startups

Mercia Asset Management provides equity and debt to UK businesses with growth ambition. We are your investment partners from scale-up to exit.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United Kingdom, United States, Hungary

Investor stats

  • Total investments: 158
  • Round size: Seed $233k–$2M; Series A $1.3M–$14M; Venture - Series Unknown $394k–$5.9M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: May invest from a new fund soon — last raise in 2013

Portfolio highlights

  • Ben — Ben is the all-in-one platform for any company to personalise benefits and reward.Our secret? Marrying a modern software (SaaS) platform with per-employee Mastercards and financial infrastructure. That’s how Ben instantly adds employee choice to your existing benefits, unlocks access to hundreds of additional options through Ben Card, all whilesaving you time and money.
  • Distil.ai — Distil.ai is a software platform that helps businesses to understand their customers’ behavior and identify buying signals.
  • MRC Engineering — MRC Engineering Providing a different option to the UK Rail Industry for Telecoms Design. Nationally renowned design specialists who provide extraordinary ...
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Kelvin Capital
VC Fund · Glasgow, Glasgow City, United Kingdom · 15 investments in Europe Medical Device startups

Kelvin Capital was founded in 2009 and has since raised a total of over £50million into 28 portfolio companies. We invest venture capital in revenue generating growth companies which have the potential to deliver significant return to their investors. They also invest in companies that require capital to grow their business. For the right company with the right team, Kelvin Capital provides the investment and the support needed to deliver the true potential of their business. The Kelvin Capital team has a combined 30 years experience of working with new businesses and understands both the challenges and opportunities, which will be encountered during the high growth phase. The team has built up extensive networks, which will be made available to assist and support the portfolio businesses. Kelvin Capital will actively promote the portfolio businesses through its website and social media activities raising their awareness and profile. The entire Kelvin Capital team is focused on the success of their portfolio of businesses.

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Investment focus

  • Industry: Health Care, Biotechnology, Manufacturing
  • Stage:Seed, Venture - Series Unknown
  • Geography: United Kingdom, United States

Investor stats

  • Total investments: 113
  • Round size: Seed $167k–$1.9M; Venture - Series Unknown $360k–$4.4M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Kenoteq — Discover Kenoteq, pioneering the sustainable construction revolution with our innovative, ultra low-carbon building materials.
  • Aurora Avionics — Accelerating launch-vehicle development with flexible and modular avionics platforms.
  • Sofant Technologies — Sofant is developing a low cost RF MEMS technology that solves power consumption and heat problems in high frequency phased array antenna systems.
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Seventure Partners
VC Fund · Paris, Ile-de-France, France · 15 investments in Europe Medical Device startups

Seventure Partners is a French venture capital firm targeting in Tech/Digital and Life Sciences companies. It funds innovation and participates in the entrepreneurial adventure, alongside entrepreneurs and sharing their passion. Founded in 1997, Seventure Partners is one of the European leaders in venture capital, with € 1 billion under management as of December 31, 2023. It is an active partner of innovative companies that, according to the management team, show strong growth potential and evolving in two fields of activity: Digital Technologies and Life Sciences. With more than 20 employees, including some 15 investors, Seventure Partners has a proven track record and in-depth expertise in technology, entrepreneurship, and various private equity operations. Seventure's goal is to identify and support the development of tomorrow's European leaders in order to accelerate their growth. To do this, the firm provides entrepreneurs with the expertise, networks, and know-how of its internal team of investors. The different funds/verticals on which Seventure Partners are focusing on today: - Life Sciences : Biotech, Healthcare, Nutrition - Tech/Digital : B2B SaaS, Fintech, Retailtech, Cybersecurity - Sports & Wellbeing - Blue Economy

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Series A, Series B, Seed
  • Geography: France, United States, Germany

Investor stats

  • Total investments: 281
  • Round size: Seed $1.1M–$4.7M; Series A $3.3M–$24M; Series B $3.3M–$63M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Flexvelop — Flexvelop is a fintech transforming the way businesses finance essential business equipment. "Flexing" is an innovative combination of leasing, renting and bank-financing terms offering a kind of Hardware-as-a-Service solution. Embedded as a payment solution, partnered manufacturers, vendors and brands are actively offering"Flexing" to their b2b customers for financing new business equipment right at the point of sale and in online shops. Flexvelop is operating in the verticals of office-it, hospitality equipment, medical devices or fitness equipment throughout Germany. Well-known manufacturers like Lenovo, WMF, or LaMarzocco are using Flexing openly or as a white-label solution. SMB customers flex equipment to grow flexibly without the usual investment risk – saving liquidity, tax and a clean balance sheet. Flexvelop is using its patented in-house financing technology, promoting a more sustainable circular economy in the same time. Flexing becomes the new standard for business equipment procurement for SMBs throughout Germany, Europe and beyond.
  • Kainova Therapeutics — Domain Therapeutics is a biopharmaceutical company focused on GPCR in immuno-oncology. Discover more than you think on our innovative cancer treatments tackling GPCR mediated-immunosuppression
  • Vertero — Axial Therapeutics is a biotechnology company fundamentally changing the treatment of neurological diseases and disorders by harnessing groundbreaking science in the microbiome-gut-brain axis.
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Irrus Investments
VC Fund · Limerick, Limerick, Ireland · 15 investments in Europe Medical Device startups

Irrus Investments is the leading Irish business angel network with international connections. Fueling Irish innovation in medical devices, software, hardware, digital healthcare and life sciences.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Ireland, Sweden, United States

Investor stats

  • Total investments: 34
  • Round size: Seed $879k–$4.7M; Series A $2.2M–$9.2M; Venture - Series Unknown $1.2M–$24M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Novus Diagnostics — Sepsis causing pathogen diagnostics under 15 minutes
  • Deciphex — Deciphex - Transforming Digital Pathology - we are focussed on the development of applications for clinical and veterinary pathology that improve productivity
  • Vertigenius — Vertigenius designs and deploys customized exercises using an easy-to-use clinician portal and even uses a Vertigenius head sensor to consult and manage patients with dizziness and imbalance.
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Karista
VC Fund · Paris, Ile-de-France, France · 15 investments in Europe Medical Device startups

Karista is an early-stage venture capital firm created in 2001 investing in Health, Digital, Tech, and NewSpace.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: France, United States, Finland

Investor stats

  • Total investments: 162
  • Round size: Seed $713k–$6.2M; Series A $1.4M–$23M; Series B $3M–$33M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — raised $44M in 2021

Portfolio highlights

  • Idylis — Idylis S.A. designs, develops, and markets software solutions for enterprise management. Its products assist in audit and accounting, financial management, documentation, e-mailing, and scheduling applications. The company also offers solutions for commercial applications such as supply chain management, logistics, and inventory management. Inaddition, it provides customer support and consulting services to its clients. The company was incorporated in 2008 and is based in Issy-les-Moulineaux, France.
  • Advestigo — Advestigo S.A., a technology company, provides digital assets protection solutions. It offers theraography technology, which analyses digital content to generate content-based fingerprints; AdvestiCHECK, a software package that allows companies to monitor information technology networks and workstations; and AdvestiGUARD, a software package thatallows companies to monitor communication channels. The company was founded in 2002 and is based in Saint-Cloud, France. As of March 9, 2009, Advestigo S.A. operates as a subsidiary of Hologram Industries SA.
  • Edenwall Technologies — Edenwall is a security vendor of identity-based firewall connection filtering solutions.
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GO CAPITAL
VC Fund · Rennes, Bretagne, France · 14 investments in Europe Medical Device startups

GO Capital is an independent management company and a major player in regional Seed and Venture Capital since 2003. With offices in Brittany, Pays de la Loire, Normandy, Centre-Val de Loire and the South of France, GO Capital contributes to the financing of responsible innovation in these regions. With a team of investors with complementary sectoral experience, we have a solid track-record in DeepTech. GO Capital has nearly 400 million euros under management, and mainly finances technology leaders in the digital and healthcare sectors and in the industry of the future.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: France, Canada, Israel

Investor stats

  • Total investments: 144
  • Round size: Seed $549k–$7.1M; Series A $2.1M–$13M; Venture - Series Unknown $723k–$9.5M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $25M in 2023

Portfolio highlights

  • SoonGo — SoonGo is a SaaS company that helps businesses manage and optimize vehicle fleets and professional mobility using data and AI.
  • Edison IA — Edison IA functions as an artificial intelligence accelerator designed to help small and medium-sized enterprises integrate AI into their business operations. The company provides a structured, multi-phase framework—spanning 30, 60, and 90 days—to guide businesses from initial training to full deployment. It specializes in developing custom, secure AI agents tailored to automate internal processes, analyze data, and optimize specific corporate workflows. Their service includes auditing a company's readiness, training employees, and implementing scalable AI solutions that comply with data privacy standards.
  • NeoXperiences — NeoXperiences develops technological solutions that bring audiences together around fun and interactive experiences.
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UK Innovation & Science Seed Fund
VC Fund · Harwell, Oxfordshire, United Kingdom · 14 investments in Europe Medical Device startups

UKI2S, formally the Rainbow Seed Fund, is an investment fund backed by the government, providing seed funding to science & technology start-ups and SMEs

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Seed, Venture - Series Unknown
  • Geography: United Kingdom, United States

Investor stats

  • Total investments: 151
  • Round size: Seed $512k–$5.9M; Venture - Series Unknown $1M–$6.7M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Zentraxa — NATURE ENGINEERED FOR PURPOSE Through millions of years of evolution, nature has found solutions to the most difficult problems. Inspired by the diversity of nature, we precision engineer bespoke biomaterials to meet the toughest challenges across
  • StandardX — StandardX is a deep-tech company building the isotope refinery powered by a scalable, compact particle accelerator platform.
  • SILVIA BIO — SilVia Bio develops technologies to analyze and optimize mammalian cell factories used in biomanufacturing. The company focuses on identifying critical parameters that limit bioproduction yield and product quality in cell systems such as CHO and HEK cells. Its platform provides cell profiling services that generate interpretable data on manufacturing-relevant bottlenecks. Based on these insights, SilVia Bio designs and supplies precision media additives formulated to address specific rate-limiting cellular processes. The offerings are intended for biopharmaceutical and biomanufacturing teams seeking to improve titre, cell performance, and consistency in production processes. SilVia Bio also collaborates with industrial partners to apply its platform within real manufacturing environments.
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Elaia
VC Fund · Paris, Ile-de-France, France · 14 investments in Europe Medical Device startups

Elaia is French venture capital firm focused on European digital and deep tech startups, from early stage to growth developpement. We back tech disruptors.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: France, United States, Spain

Investor stats

  • Total investments: 246
  • Round size: Seed $1.1M–$7.6M; Series A $2M–$23M; Series B $4.2M–$50M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $154M in 2026

Portfolio highlights

  • Hema.to — Flow cytometry analysis software, re-imagined. From raw FCS and LMD data to finalized report with AI-powered CellStudio.
  • RelaiSanté — RelaiSanté provides a digital coordination platform that connects hospitals with home care providers to manage patient return home. The company offers online tools for hospital teams, home help services, independent nurses and territorial health actors to organize care pathways after hospitalization. RelaiSanté enables secure information sharing, task assignment and monitoring of care arrangements between medical and social care stakeholders. Its products include dedicated interfaces for establishments, home care services and independent professionals. The platform supports teams in structuring discharge processes, reducing fragmentation of communication and clarifying responsibilities. RelaiSanté focuses on improving continuity of care between the healthcare facility and the patient’s home environment.
  • Sim&Cure — Providing Physicians with advanced endovascular treatment solutions for a better Patient Care
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Deepbridge Capital
VC Fund · Chester, Cheshire, United Kingdom · 14 investments in Europe Medical Device startups

Deepbridge is a different kind of investment manager. They work closely with financial advisers and investors to design innovative products, ranging from investment in technology growth companies to asset-backed renewable energy projects. They also partner with innovative and committed management teams to help UK based companies realise their potential and become successful leading-edge businesses.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United Kingdom, Spain, Australia

Investor stats

  • Total investments: 91
  • Round size: Seed $142k–$2.4M; Series A $2M–$15M; Venture - Series Unknown $259k–$2.8M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — raised $1.4M in 2022

Portfolio highlights

  • upLYFT — upLYFT creates next-generation wearable technology that continuously analyses biomechanics and movement biomarkers, giving athletes, clinicians and physiotherapists precise insight into performance, recovery and injury risk.
  • GeneralPractice.AI — GeneralPractice.AI - Infusing Artificial Intelligence into the Fabric of General Practice
  • Spotlight Pathology — Spotlight Pathology develops decision support tools powered by artificial intelligence (AI) to help in the diagnosis of blood cancers.
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SyndicateRoom
VC Fund · Cambridge, Cambridgeshire, United Kingdom · 14 investments in Europe Medical Device startups, 8 in the past 12 months

SyndicateRoom is fintech company made up of data-scientists, investment professionals, software developers and marketers with one mission: to be an early investor in every British startup success story. To do this – and make fund investors money – we don’t try to spot the next Big Thing. Instead, we apply a data-driven model to portfolio construction; a repeatable process designed to maximise returns and minimise risk for fund investors. As such, we build startup portfolios that don’t attempt to predict the future; they work to stack the odds in investors’ favour. Our fund, Access EIS, aims to build investors a diversified portfolio of 50+ companies by co‑investing exclusively with some of the UK’s best-performing angel investors.

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Investment focus

  • Industry: Health Care, Software, Medical
  • Stage:Seed, Equity Crowdfunding, Pre-Seed
  • Geography: United Kingdom, United States, India

Investor stats

  • Total investments: 154
  • Round size: Seed $390k–$2.7M; Pre-Seed $425k–$1.9M; Equity Crowdfunding $390k–$2.5M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Nuuri — Nuuri is the UK nursery finder helping parents compare settings, discover local events, understand costs and choose with confidence.
  • aflo — aflo automates inhaler techniques to improve the management of respiratory conditions.
  • Atlian Insurance — Atlian Insurance provides sensor-enabled construction insurance that uses real-time site data to adjust coverage, prevent risks, and automate claims.
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Newable Private Investing
VC Fund · London, England, United Kingdom · 13 investments in Europe Medical Device startups

Newable exists to power business growth. Our strategy of Buy, Grow, Realise focuses on the regulated B2B market.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States

Investor stats

  • Total investments: 110
  • Round size: Seed $196k–$3.2M; Series A $1.5M–$5.6M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Delta g — Delta g Limited is a quantum technology and gravity gradiometry company. A spin-out from the University of Birmingham our technology has applications in industries as varied as civil engineering, infrastructure, defence, rail, navigation and resource exploration. Experts from science, engineering an
  • Weldfast — Weldfast is a manufacturer and supplier of welding consumables, abrasives, chemicals, premium gas equipment, and safety products.
  • EarSwitch — Empowering new ways to control and connect with the world through in-ear biometric switch and sensor technology
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 13 investments in Europe Medical Device startups

European Investment Bank operates as the lending institution of the European Union, offering loans, guarantees, and technical expertise to governments, businesses, and financial institutions. The organization focuses on areas such as climate action, digital transformation, housing development, and security-related initiatives. Its activities include funding large-scale infrastructure, supporting technology development, and facilitating access to capital for emerging and established enterprises. The bank also delivers advisory support to structure projects, improve investment readiness, and align initiatives with policy objectives.

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Investment focus

  • Industry: Energy, Biotechnology, Health Care
  • Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
  • Geography: France, Germany, Spain

Investor stats

  • Total investments: 608
  • Round size: Post-IPO Debt $16M–$587M; Debt Financing $16M–$355M; Venture - Series Unknown $8.7M–$110M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • Impress — Impress – is European leading digital orthodontic DSO of new generationWe have a defensible model with the personal touch of an in-house orthodontist, true clinical expertise, and engaging directly with consumersImpress was founded in 2019 in Barcelona with the idea of combining the best of orthodontic tradition with the most innovativetechnology in the sector. From the very beginning the vision of the Impress founders was to introduce a different business model with a strong focus on medical experience and digitalization. The company is transforming the oral healthcare industry by developing its own chain of orthodontic clinics, which are characterized by their disruptive design and modern patient experience. The founders decided to build a medical company with the personal touch of in-house orthodontists, face-to-face care, and unique clinical expertise, where the proper implementation of business processes and digitalization are at the core.In less than 2 years, Impress has managed to position itself as the European leader in the orthodontic sector, has treated more than 22.000 smiles and already has a presence in more than 80 European cities. Its innovation and quality have earned it recognition from Sifted as one of the fastest growing HealthTech companies in Europe in 2020.
  • Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
  • Dandara Solar Power SAE — Dandara Solar Power SAE is a special purpose vehicle, established to develop a major renewable energy and storage project in Upper Egypt. The entity oversees the development and operational construction of a 500 MW solar PV plant integrated with a 100 MWh Battery Energy Storage System. All electricity generated by the company is bound to be sold to the industrial manufacturer Misr Aluminum Company under a long term, take or pay power purchase agreement.
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Bayern Kapital
VC Fund · Landshut, Bayern, Germany · 13 investments in Europe Medical Device startups

Bayern Kapital (founded at the end of 1995) is a wholly owned subsidiary of the LfA Foerderbank Bayern (Bavaria‘s development bank). Bayern Kapital’s objective is to finance research and development as well as the market launch of new products, product diversifications, and expansion of the market share. The requesting company has to be located in Bavaria. Industries are e. g. IT/software, life sciences, new materials, micro-systems and environmental technologies. Bayern Kapital and its funds have invested in more than 250 companies and currently manages funds to the value of EUR 340 m. The five investing funds currently managed by Bayern Kapital are Seedfonds Bayern, Clusterfonds Start-Up!, Innovationsfonds, Innovationsfonds EFRE and Wachstumsfonds Bayern.

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 272
  • Round size: Seed $1.1M–$6.3M; Series A $3.9M–$32M; Series B $3.9M–$132M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $29M in 2010

Portfolio highlights

  • Hema.to — Flow cytometry analysis software, re-imagined. From raw FCS and LMD data to finalized report with AI-powered CellStudio.
  • Arcos — Arcos is a civil safety and security technology company that builds and operates modern infrastructure protection and alarm management systems.
  • HyImpulse Technologies — HyImpulse develops dedicated sub-orbital and orbital launch services using hybrid propulsion-based launch vehicles. Their SR75 is a single stage sounding rocket using a hybrid rocket engine to deliver institutional and commercial experiments into a micro gravity environment during a suborbital flight.
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Norgine Ventures
VC Fund · Uxbridge, Hillingdon, United Kingdom · 12 investments in Europe Medical Device startups

Norgine Ventures was started in 2012 to diversify Norgine’s activities and foster innovation in the healthcare sector. Norgine Ventures provides debt and debt-like financing to innovative, fast-growing companies in the fields of healthcare and life sciences, in Europe and the US. Norgine Ventures is backed by Norgine, a fully integrated, private, European healthcare company with over 110 years of experience in the pharma space. Norgine Ventures has full access to Norgine’s technical capabilities for evaluating investment opportunities, although the business is aimed at achieving a financial return rather than funding opportunities of strategic interest to Norgine. To date, Norgine Ventures has invested in a number of businesses, including specialty pharma, diagnostic and medical device companies, at various stages of their life cycle, both in Europe and in the US.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Venture - Series Unknown, Debt Financing, Seed
  • Geography: United Kingdom, France, The Netherlands

Investor stats

  • Total investments: 32
  • Round size: Seed $450k–$1.1M; Debt Financing $3.1M–$21M; Venture - Series Unknown $3.3M–$13M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Sirius Medical — Sirius Medical helps improve healthcare for cancer patients by developing medical devices that aid in surgical treatment. Their objective is to create intuitive and accurate gadgets that allow surgeons and radiologists to provide the finest treatment. Sirius Perception uses audio and visual feedback to provide real-time, directional advice forpinpointing tumors
  • Magentiq Eye Ltd — AI assisted colonoscopy by MAGENTIQ EYE set a new standard of , recognized by the gastroenterology community for its superior performance.
  • Lunaphore — Lunaphore Technologies is a spatial biology company, building multiplex immunofluorescence & IHC solutions for discovery and immuno-oncology research
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Catapult Ventures
VC Fund · Leicester, Leicester, United Kingdom · 12 investments in Europe Medical Device startups

The team behind Catapult Ventures are among the most experienced venture capital investors in the UK. Their experience spans a range of sectors from healthcare and pharmaceuticals to luxury consumer brands, manufacturing and software, as well as all stages: from start-ups and pre-revenue IP developers to company floatation and billions of pounds in revenue. Their administration team is equally experienced with each member having more than 10 years experience in a venture capital environment.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Venture - Series Unknown
  • Geography: United Kingdom, United States, Israel

Investor stats

  • Total investments: 105
  • Round size: Seed $150k–$5.6M; Venture - Series Unknown $370k–$5M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Path Robotics — We create manufacturing robots that autonomously scan, position, and weld your parts without the need for skilled welders or robot programmers.
  • Pickle Robot — We make robots that unload trucks without retrofitting the warehouse
  • Anello Photonics — Anello Photonics is a technology company developing a silicon photonic optical gyroscope to navigate, position, and motion track autonomous applications in challenging GPS-jammed and spoofed environments. The company's technology portfolio spans over 28 issued patents, and over 44 pending patents, and includes an AI-based sensor fusion engine.It serves the robotics, defense, construction, agriculture, and autonomous vehicles industries.
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Atlantic Bridge University Fund
VC Fund · Dublin, Dublin, Ireland · 12 investments in Europe Medical Device startups

We invest in entrepreneurs with the ambition to create world-class companies of scale.

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Investment focus

  • Industry: Health Care, Medical Device, Big Data
  • Stage:Seed, Series A, Series B
  • Geography: Ireland, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $859k–$4.2M; Series A $3.4M–$34M; Series B $16M–$80M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • CroíValve — CroíValve is a developed a safe, effective, easy to use, percutaneous solution for treating all patients with severe Tricuspid Regurgitation
  • PlasmaBound — PlasmaBound provides a step-change technology, termed Controlled Plasma Ablation (CPA), which facilitates the structural adhesive joining of lightweight materials, namely carbon and glass fibre reinforced composites. CPA technology will accelerate the use of these lightweight composite materials into multi-material structural assemblies, byenabling reliable adhesive joining which is stronger than the composite structures themselves.
  • ProVerum Medical — The ProVee stent from Proverum Medical uses 3-D geometry which mirrors and engages with the anatomy of the prostate. The system alleviates Lower Urinary Tract Symptoms (LUTS) by opening the prostatic urethra, applying radial force to the prostatic lobes.
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Kurma Partners
VC Fund · Paris, Ile-de-France, France · 12 investments in Europe Medical Device startups

Kurma Partners is a management company based in Paris, specializing in the financing of innovation in healthcare and biotechnology, from pre-creation to development capital. Kurma Partners, which manages the Kurma Biofund I, II funds and the Kurma Diagnostics fund, is one of the main players in the financing of therapeutic and medical innovations in Europe, particularly through links with many institutes. research and prestigious hospitals.

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Investment focus

  • Industry: Health Care, Biotechnology, Pharmaceutical
  • Stage:Series A, Seed, Series B
  • Geography: France, Switzerland, The Netherlands

Investor stats

  • Total investments: 146
  • Round size: Seed $2.8M–$14M; Series A $3.9M–$98M; Series B $12M–$72M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $236M in 2024

Portfolio highlights

  • RougeTx — RougeTx is a Netherlands-based biotech developing first-in-class small-molecule therapies for vascular diseases caused by pericyte dysfunction. Its lead candidate, RTX-001, targets hereditary haemorrhagic telangiectasia (HHT), an inherited disorder involving fragile blood vessels and recurrent bleeding.
  • AM Pharma — AM-Pharma B.V., a biopharmaceutical company, engages in the development and commercialization of therapeutics for human use in the Netherlands. It focuses in the pre-clinical and clinical development of novel therapeutics to treat inflammatory and infectious diseases. The company develops products based on endogenous proteins and protein derivedpeptides, as well as molecules that naturally occur in the human body. Its products include alkaline phosphatase for treatment of acute kidney injury and ulcerative colitis; and immune response amplifying peptide hLF1-11 for the treatment of drug resistant hospital acquired infections. The company was founded in 2000 and is headquartered in Bunnik, the Netherlands.
  • Nuclidium — NUCLIDIUM is a clinical-stage radiopharmaceutical company that develops novel radionuclide PET tracers for precision diagnostics. Using copper isotopes, Copper-61 for diagnostics and Copper-67 for therapeutics, the company is creating a differentiated platform with the potential to overcome existing limitations in radiotheranostics.
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Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 12 investments in Europe Medical Device startups

We are a leading tech investor & venture builder in the Nordics. Taking deep tech from lab to market.WELCOMEINVESTMENTS

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Sweden, United States

Investor stats

  • Total investments: 283
  • Round size: Seed $237k–$2.5M; Pre-Seed $5.8k–$349k; Venture - Series Unknown $357k–$3.5M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Solinide Photonics — Solinide Photonics is a technological company spun out of Chalmers University of Technology. It develops ultra-efficient silicon nitride-based photonic circuits and microcomb technologies.
  • InfiniNode Technologies AB — InfiniNode is a semiconductor IP company that seeks to enable efficient data movement in future compute systems.
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EISMEA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 12 investments in Europe Medical Device startups

European Innovation Council and SMEs Executive Agency (EISMEA)

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Investment focus

  • Industry: Manufacturing, Biotechnology, Software
  • Stage:Grant, Venture - Series Unknown, Seed
  • Geography: Spain, Italy, United Kingdom

Investor stats

  • Total investments: 3596
  • Round size: Seed $53k–$800k; Grant $54k–$2M; Venture - Series Unknown $573k–$2.6M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
  • BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
  • Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.
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EIT Health
VC Fund · Munich, Bayern, Germany · 12 investments in Europe Medical Device startups

EIT Health is a network of best-in-class health innovators backed by the EU. We deliver solutions to enable European citizens to live longer, healthier lives.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Grant, Pre-Seed, Seed
  • Geography: United Kingdom, Spain, Ireland

Investor stats

  • Total investments: 106
  • Round size: Seed $220k–$1.4M; Grant $27k–$1.6M; Pre-Seed $45k–$1.7M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • IDOVEN — Idoven has developed the world’s first AI cardiologist -Willem- that augments both a cardiologist’s and non-cardiology expert clinician’s ability to identify, triage and diagnose patients at scale through APIs. The company counts clients such as AstraZeneca, Abbott, Novartis, GE Healthcare, FIFPRO, Google, Santander and Real Madrid Foundation.Idoven is backed by top-tier investors and business angels including Insight Partners, Northzone and Wayra (Telefónica), Iker Casillas, Pau Gasol, the Accel Starters program, EIC Accelerator, Horizon 2020, ERC and EIT Health. The company has been awarded with numerous distinctions for its AI technology in Europe and the US, including the the European Seal of Excellence 3x from the European Commission, granted by Horizon 2020, European Research Council ERC 2x (RIA) Europe’s most prestigious research grant, supporting excellent researchers in carrying out ground-breaking, high-risk, high-gain, frontier research projects, EIC Accelerator, and EIT Health. Idoven was ranked #1 Spanish HealthTech company in 2020 by NEOTEC. Idoven has been Google for Startups Resident at Google Campus Madrid and part of the Google for Startups Global Alumni Program. The company has won the prize Emprendedor XXI from CaixaBank, the Healthy Longevity Catalyst Award from the U.S. National Academy of Medicine, and has been awarded at South Summit 2021 as the Most Disruptive Startup, and Best Health and Wellbeing Startup. Selected by CB Insights as one of the top 150 global companies in Digital Health for 2022, and top 50 global companies in Digital Health for 2023. Idoven was recognized by TIME Magazine as one of the World's Top HealthTech Companies of 2025.
  • Noah Labs — A breakthrough for heart failure: Noah Labs Ark is a Class IIa Medical Device Software with AI-driven detection of early cardiac decompensation through voice.
  • Trak — Trak is a software tool for healthcare professional to provide AI-based tele-rehabilitation services like physiotherapy and others.
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Business Growth Fund
VC Fund · London, England, United Kingdom · 11 investments in Europe Medical Device startups

BGF is the most active equity investor in the UK and Ireland, providing long-term, minority investment to growing companies.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Venture - Series Unknown, Private Equity, Series A
  • Geography: United Kingdom, Ireland, United States

Investor stats

  • Total investments: 629
  • Round size: Series A $4.1M–$21M; Private Equity $6M–$22M; Venture - Series Unknown $3.4M–$16M
  • Lead/follow: 86% lead, 14% follow
  • Last fund: Likely still investing — raised $97M in 2022

Portfolio highlights

  • Camino — Camino Leisure Holdings is a Spanish bar and restaurant that serves authentic food and wines.
  • OCL Vision — Expert eye care from trusted UK specialists. From laser vision correction to cataract surgery, discover life-changing treatments.
  • Granite Digital — GRANITE is a digital agency with expertise in technology & strategy providing clients with Digital Transformation services including Web Design, Development, SEO, PPC, email marketing and Social Media as well as online software & app development.
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Sofimac Investment Managers
VC Fund · Clermont-ferrand, Auvergne, France · 11 investments in Europe Medical Device startups

Acteur incontournable du capital risque de proximité, SOFIMAC PARTNERS accompagne depuis maintenant plus de 30 ans les PME régionales dans le financement de leur développement à moyen / long terme. Répondant à la problématique de sous capitalisation des PME françaises, SOFIMAC PARTNERS intervient en fonds propres aux côtés des chefs d’entreprises quelle que soit leur problématique : Création, Développement, Transmission. Gérant 200 M€ d’actifs au travers de 16 fonds (FCPR, FCPI, SCR, FIP,…), notre groupe réalise ses investissements sur une grande variété de secteurs, couvrant aussi bien les activités traditionnelles que technologiques (chimie verte, éolien, chaudronnerie aéronautique, e-commerce, édition de logiciel, médecine nucléaire etc…)

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Investment focus

  • Industry: Health Care, Biotechnology, Manufacturing
  • Stage:Venture - Series Unknown, Seed
  • Geography: France, Italy, Austria

Investor stats

  • Total investments: 74
  • Round size: Seed $268k–$3.1M; Venture - Series Unknown $556k–$8.7M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Ultrawatt — Ultrawatt is a mission-driven startup to improve urban architecture while making a beneficial social and environmental effect.
  • Mob-Energy — Mob-Energy is a privately held company specializing in the development of mobile and innovative charging solutions. It designs autonomous charging robots capable of moving energy where it is needed, optimizing the site's existing infrastructure. The company was founded in 2018 and is headquartered in Villeurbanne, Auvergne-Rhône-Alpes.
  • Snowleader — Votre boutique en ligne (qui sent bon le reblochon) spécialiste des sports d’hiver, outdoor et street.
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Oxford Technology Management
VC Fund · Oxford, Oxfordshire, United Kingdom · 11 investments in Europe Medical Device startups

Oxford Technology's SEIS fund and EIS fund enable private investors to access high growth technology startup opportunities and support UK innovation. SEIS and EIS tax reliefs offer downside protection, whilst gains can be tax free.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States

Investor stats

  • Total investments: 113
  • Round size: Seed $41k–$2.2M; Series A $786k–$8.5M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2012

Portfolio highlights

  • OrganOx — OrganOx Limited was founded in 2008 to exploit normothermic preservation technology invented by Prof Peter Friend and colleagues and further developed by Prof Constantin Coussios at the University of Oxford.
  • HydRegen — HydRegen is a biotechnology company that provides sustainable solutions for chemical manufacturing. HydRegen was founded in 2020 and was headquartered in Oxford, United Kingdom.
  • Metacarpal — Metacarpal design upper-limb prosthetics without compromise. We aim to make the most robust, functional hand prosthesis that people love wearing because it works so effectively and looks so beautiful. Be proud to show your artificial side!
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Scottish Investment Bank
VC Fund · Glasgow, Glasgow City, United Kingdom · 11 investments in Europe Medical Device startups

Speak with our team, who can help you find sources of finance, engage with funders and secure investment to grow your business.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 314
  • Round size: Seed $331k–$3.2M; Series A $1.7M–$7.5M; Venture - Series Unknown $179k–$4.1M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Corvidae — Corvidae is a software company that provides data analysts, digital marketing, e commerce, and paid media solutions.
  • IOTech — Discover IOTech Systems. Deploy, manage, and scale AI-driven, data-rich industrial systems at the edge with our open edge data platform.
  • RoslinCT — We are the prefered global partner for cell and gene therapy solutions. With our wealth of expertise and infrastructure, we can support you at every step of your advanced therapy journey.
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Innovate UK
VC Fund · Swindon, Wiltshire, United Kingdom · 11 investments in Europe Medical Device startups, 92 in the past 12 months

Innovate UK is part of the UK Research and Innovation .

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Grant, Pre-Seed, Seed
  • Geography: United Kingdom, United States, Ireland

Investor stats

  • Total investments: 1279
  • Round size: Seed $291k–$3.5M; Grant $62k–$2M; Pre-Seed $58k–$1.3M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Plasma2X — Plasma2X is a clean-tech company that develops technology to produce green fertilizers, fuels, and critical chemicals.
  • Emerald — Comprehensive in-clinic biomarker testing, GP-reviewed results with past health data integration and personalised action plan. Designed to help you understand your risks earlier and act with medical support.
  • MoniRail — MoniRail develops non-intrusive rail monitoring systems that combine onboard sensors with cloud-based data analytics. The company provides an in-service measurement solution using lightweight inertial sensors mounted on ordinary trains to monitor track geometry, ride comfort, and vehicle dynamics. Its software platform processes motion and positional data into actionable insights on track and vehicle condition to support predictive maintenance and reduce service disruption. MoniRail also works on quantum-based navigation systems for rail, addressing positioning challenges where satellite signals are unavailable. Its solutions are used by rail infrastructure owners, operators, and rolling stock fleets seeking to optimise maintenance planning and asset performance.
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Vaekstfonden
VC Fund · Hellerup, Hovedstaden, Denmark · 11 investments in Europe Medical Device startups

Vaekstfonden – The Danish Growth Fund – is the Danish state's investment fund. We strive to improve access to risk capital to enable Danish businesses to innovate, and to generate growth and new jobs. In close collaboration with banks and domestic and international private investors, we finance companies from all sectors nation-wide. We can accompany you for the entire journey – from your company’s infancy through growth phases to expansion abroad and even to an initial public offering.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 231
  • Round size: Seed $830k–$4.9M; Pre-Seed $384k–$2.4M; Venture - Series Unknown $1.2M–$23M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $343M in 2023

Portfolio highlights

  • Advalight — Advalight is a young, dynamic company dedicated to providing high-quality laser equipment for dermatological treatments. The company has patented an innovative technology for use in the removal of vascular lesions, acne treatment, skin rejuvenation and many other skin-enhancing procedures. The ground-breaking product was launched the summer 2014.Advalight is based on five years of scientific work in the Physics Department at the Technical University of Denmark. The founders include two PhDs and it is their research that forms the basis of Advalight. The company's main focus is on research and development and with the right external partners we believe that the market for dermatological lasers will be transformed. Advalight is therefore seeking collaboration with external partners with established distribution and sales channels.
  • Sigma Estimates — Sigma Estimates was founded in 2003 under the name CodeGroup and is less than ten years been the market leader in software solutions for the calculation.For Sigma Estimates is the main task to develop it, to encourage and improve the work of kalkulationsopgaver in the construction industry. But it must be seen in a larger context, and thereforeSigma also the ultimate tool when the company's work processes more efficient and streamlined.Sigma typically helps companies to reach a best practice to select the projects that are profitable and to foster knowledge sharing within the company.Sigma Estimates are more than any other has come to stand for quality and ease of use. The goal is to bring together IT knowledge with kalkulationsviden and have it all to go up to a higher level.
  • Merus Audio — Merus Audio is an audio company that develops switching audio amplifiers. The developed audio amplifiers consist a multilevel audio amplifier technology, which is a combination of a multilevel switching topology and a dynamic power management scheme to improve efficiency and compactness. The company's product eximo MA12040/12040P andMA12070/MA12070P are used for home theater systems, TVs, sound bars, stereo systems, mobile phones, and portable media players. They cut down power losses during operations.Merus Audio was found by Mikkel Hoyerby, and Hans Andersen in 2010; and is headquartered in Herlev, Denmark.
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Centre for the Development of Industrial Technology (CDTI)
VC Fund · Madrid, Madrid, Spain · 11 investments in Europe Medical Device startups, 26 in the past 12 months

The Center for Industrial Technological Development (CDTI) is a public corporation under the Ministry of Economy and Competitiveness, which promotes innovation and technological development of Spanish companies. Is the entity which channels requests for funding and support to projects I + D + i of Spanish companies in the national and international levels. The CDTI has a staff of more than 300 people formed three quarters of engineers and graduates. Although the bulk of the infrastructure of the CDTI is located in Madrid, the Centre offers Spanish companies a strategic network of offices and representatives abroad (Japan -SBTO (Spain Business and Technology Office) - Belgium -SOST (Spain Office of Science and Technology) and Permanent Secretariat Eureka-, Brazil -FINEP (Financier of Studies and Projects) -, Korea, Chile, Morocco, China, India, Mexico and USA) to support them in their technological activities of type int .

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Seed, Venture - Series Unknown
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 225
  • Round size: Seed $619k–$5.8M; Grant $167k–$15M; Venture - Series Unknown $846k–$26M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • EpiDisease — EpiDisease provides biomedical solutions, epigenetic diagnostic tools, and characterization of new epigenetic drugs. The company was founded in 2014 and based in Paterna, Comunidad Valenciana, Spain.
  • Anaconda BioMed — Anaconda Biomed, headquartered in Barcelona, Spain, is among the world's most innovative early stage medical technology companies. The company was founded by Dr. Ofir Arad and Dr. Marc Ribó in 2015, and is developing the ANCD BRAIN™, a novel 3rd Generation Stented Aspiration Thrombectomy System for the treatment of Acute Ischemic Stroke (AIS).
  • Connecta Therapeutics — Connecta Therapeutics is a biotechnology company that develops new treatments for unresolved medical needs of the central nervous system. It focuses on the development of a first-in-class drug for the treatment of fragile X syndrome.
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Hiventures
VC Fund · Budapest, Budapest, Hungary · 11 investments in Europe Medical Device startups

As one of the largest and most active venture capital fund partners in Central and Eastern Europe our mission is to create new ways of equity funding for innovative small and medium-sized enterprises with high growth potential as well as more traditional businesses for the purpose of establishing a sustainable and competitive SME and enterpriseecosystem both in Hungary and in the region

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Hungary, United States, United Kingdom

Investor stats

  • Total investments: 708
  • Round size: Seed $118k–$935k; Pre-Seed $18k–$138k; Series A $163k–$2.9M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — raised $493M in 2020

Portfolio highlights

  • iBar Experience Kft. — iBar provides an AI  inventory app that integrates into restaurant management software. They offer products and services for pizzerias, bars, discos, hotels, and restaurants.
  • SURVIOT Monitoring Kft. — SURVIOT equips bridges, tunnels and buildings with automated sensors and software, giving engineers real-time, reliable data on structural health.
  • Linkio - Ecommerce Integration Portal — Integrate wholesalers into your online store easier then ever
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BioInnovation Institute
VC Fund · Copenhagen, Hovedstaden, Denmark · 10 investments in Europe Medical Device startups

BioInnovation Institute is a biotechnology startup that offers entrepreneurs and researchers in life science. Early-stage life science start-ups are supported with up to 10 million DKK in funding, business acceleration, network, labs, and office space. It helps to early-stage start-ups within human health and planetary health. The startup'smission is to use its knowledge, network, funding, and infrastructure to incubate world-class life science and catalyze the commercialization of new solutions through start-ups.BioInnovation Institute was founded in 2018 and is based in Denmark.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Convertible Note, Pre-Seed, Seed
  • Geography: Denmark, Germany, Switzerland

Investor stats

  • Total investments: 93
  • Round size: Seed $532k–$1.8M; Pre-Seed $530k–$5.2M; Convertible Note $495k–$1.6M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • Visibuilt — Visibuilt develops sustainable, bio-based asphalt binders made from mycelium. Replace fossil bitumen with visiBIT.
  • Agrobiomics — Agrobiomics is a danish Agritech start-up, harnessing the power of soil bacteria and their metabolites as new biostimulants to help crops cope with abiotic stress such as drought.
  • metaLead Therapeutics — metaLead Therapeutics is to develop this peptide as a next-generation Pb poisoning treatment.
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HBAN Medtech Syndicate
VC Fund · 10 investments in Europe Medical Device startups

HBAN Medtech Syndicate

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Investment focus

  • Industry: Medical Device, Medical, Health Care
  • Stage:Seed, Series B
  • Geography: Ireland

Investor stats

  • Total investments: 13
  • Round size: Seed $1.3M–$11M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • FeelTect — FeelTect’s technology, Tight Alright, is a pressure sensing, connected-health device for measuring and monitoring sub-bandage pressure during compression therapy, primarily for the millions of people worldwide with venous leg ulcers (VLUs). Compression is a proven therapy for VLUs, however if it’s applied too loose, it’s ineffective, and if it’stoo tight, it’s dangerous.
  • Neurobell — NeuroBell develop novel EEG medical devices for early detection and monitoring of neonatal seizures.
  • SymPhysis Medical — SymPhysis Medical's goal is to develop innovative technologies that treat a range of chronic diseases, putting the patient experience at the forefront of our design solutions to improve quality of life.About SymPhysis MedicalSymPhysis Medical's emergent technology, releaze, is a drainage technology to treat a common complication oflate-stage cancers, malignant pleural effusion (MPE). MPE causes significant shortness of breath and chest pain in up to 15% of patients with cancer.
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CDP Venture Capital
VC Fund · Rome, Lazio, Italy · 10 investments in Europe Medical Device startups

CDP Venture Capital Sgr - National Innovation Fund aims to make venture capital a cornerstone of the country's economic development and innovation, creating the conditions for an overall and sustainable growth of the venture capital ecosystem.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 278
  • Round size: Seed $488k–$8.1M; Series A $3.3M–$23M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $197M in 2021

Portfolio highlights

  • Mopso — Discover Mopso's anti money laundering detection system. Visit our website and try a 30 minutes free demo with one of our experts.
  • Klaaryo —
  • ExoLab Italia — Cosmetics Utilizing plant-derived exosomes in cosmetic products boosts skin absorption, enhancing bioavailability and stimulating cells to produce lacking compounds. Their ability to penetrate the dermis ensures maximum efficacy and optimal results for skincare products. more informations Supplements Plant-derived exosomes, rich in nutrients, enhance bioavailability by
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Asabys Partners
VC Fund · Barcelona, Catalonia, Spain · 10 investments in Europe Medical Device startups

Impact We want to push the boundaries of science and medicine improving patient's life Disruptive We look for highly innovative and transformative technologies Hands-on We consider ourselves partners and collaborators to our portfolio companies Our portfolio Our team Responsible venture capital Aware of the importance of taking responsibility for its potential social and environmental impacts,

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Investment focus

  • Industry: Health Care, Biotechnology, Medical Device
  • Stage:Series A, Series B, Seed
  • Geography: Spain, France, Belgium

Investor stats

  • Total investments: 41
  • Round size: Seed $1.3M–$17M; Series A $7M–$57M; Series B $18M–$135M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $117M in 2022

Portfolio highlights

  • ALLOX — ALLOX is a biotechnology company developing an experimental and artificial intelligence platform for drug discovery. The company combines high-throughput genetics, experimental biology, computational biology, and machine learning to identify functional regions in proteins, including allosteric sites that regulate protein activity. Its proprietary platform uses systematic mutagenesis to measure how thousands of genetic mutations affect protein function, structure, and interactions. These experimental datasets provide the foundation for computational models that predict potential therapeutic targets and guide the design of small-molecule drugs. ALLOX focuses on discovering druggable sites in proteins that have historically been difficult to target, including protein-protein interactions and transcription factors. Its initial research programs focus on oncology, with potential applications across other disease areas. The company also develops its own drug discovery pipeline and collaborates with pharmaceutical and biotechnology partners on research programs. ALLOX originated as a spin-off from the Centre for Genomic Regulation and applies its platform to the discovery of new therapeutic approaches for diseases with limited treatment options.
  • Anaconda BioMed — Anaconda Biomed, headquartered in Barcelona, Spain, is among the world's most innovative early stage medical technology companies. The company was founded by Dr. Ofir Arad and Dr. Marc Ribó in 2015, and is developing the ANCD BRAIN™, a novel 3rd Generation Stented Aspiration Thrombectomy System for the treatment of Acute Ischemic Stroke (AIS).
  • Ona Therapeutics — Ona Therapeutics is a biotech company that specializes in the discovery and development of therapeutic biologics targeting tumor metastatic-initiating cells and lipid metabolism. Founded in 2019 by Salvador Aznar-Benitah and Valerie Vanhooren, it was a spin-off from ICREA and Advanced Studies, and the IRB Institute for Research in Biomedicine.
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