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Top 50 Medical Device VC Funds & Investors in Germany (October 2026)

The most active venture capital funds investing in Germany Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Germany Medical Device startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
HTGF (High-Tech Gruenderfonds)
VC Fund
32 Germany, Switzerland, United States Seed, Series A, Pre-Seed Software, Biotechnology, Information Technology $790k–$31M
Bayern Kapital
VC Fund
12 Germany, United States, United Kingdom Seed, Series A, Series B Software, Health Care, SaaS $1.2M–$132M
NRW.BANK
VC Fund
10 Germany, United States, France Seed, Series A, Pre-Seed Software, Biotechnology, Information Technology $209k–$36M
TGFS - Technologiegründerfonds Sachsen
VC Fund
8 Germany, United States Seed, Series A, Venture - Series Unknown Software, Information Technology, Health Care $796k–$15M
SOSV
VC Fund
7 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $50k–$5M
bm-t beteiligungsmanagement thuringen
VC Fund
7 Germany, United States Seed, Series A Software, Health Care, Information Technology $461k–$10M
bmp Ventures
VC Fund
7 Germany, United States, Austria Seed, Venture - Series Unknown, Series A Software, Information Technology, Manufacturing $162k–$12M
KfW
VC Fund
7 Germany, India, United Kingdom Series A, Series B Biotechnology, Software, Health Care $2.2M–$17M
Brandenburg Kapital
VC Fund
6 Germany, United Kingdom Seed, Series A, Venture - Series Unknown Health Care, Software, Information Technology $873k–$13M
MIG Capital
VC Fund
5 Germany, France, Austria Series A, Series B, Venture - Series Unknown Biotechnology, Health Care, Software $1.7M–$60M
TechVision Fund
VC Fund
4 Germany, Spain Seed, Series A, Pre-Seed Software, Health Care, Manufacturing $1.2M–$28M
HealthCap
VC Fund
4 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $6M–$92M
Expon Capital
VC Fund
4 Luxembourg, France, United States Seed, Series A, Series B Software, E-Commerce, FinTech $527k–$102M
Heal Capital
VC Fund
4 Germany, United Kingdom, France Seed, Series A, Pre-Seed Health Care, Artificial Intelligence, Software $1M–$35M
European Investment Bank
VC Fund
4 France, Germany, Italy Debt Financing, Post-IPO Debt, Venture - Series Unknown Energy, Biotechnology, Health Care $8.7M–$587M
IFB Innovationsstarter
VC Fund
4 Germany, United States, Switzerland Seed, Grant, Series A Software, SaaS, Artificial Intelligence $79k–$67M
TUDAG
VC Fund
3 Germany Seed, Pre-Seed, Series A Electronics, Manufacturing, Sensor $2.6M–$9.8M
Sofinnova Partners
VC Fund
3 France, United States, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $7M–$105M
11k Ventures
VC Fund
3 Germany, United States Seed, Pre-Seed, Convertible Note Software, Health Care, Medical Device $674k–$3M
S-Venture Capital Dortmund
VC Fund
3 Germany Series B, Series A Biotechnology, Guides, Genetics $3.6M–$9M
SOSV HAX
VC Fund
3 United States, Canada, China Seed, Convertible Note, Pre-Seed Robotics, Manufacturing, Health Care $25k–$4.7M
Sparkasse Jena
VC Fund
3 Germany, United States Seed, Series A, Series C Medical, Health Care, Biotechnology
Sparrow Ventures
VC Fund
3 Switzerland, Finland, Germany Series A, Seed, Venture - Series Unknown Health Care, Real Estate, Medical Device $2.1M–$7.7M
Think.Health
VC Fund
3 Germany, United States, France Seed, Series A, Series B Health Care, Biotechnology, Medical Device $1.1M–$28M
Seed Fonds Aachen
VC Fund
3 Germany Seed, Venture - Series Unknown Biotechnology, Health Care, Medical $1.1M–$1.6M
Atlantic
VC Fund
3 Germany, Switzerland, United States Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $850k–$30M
b2venture
VC Fund
3 Germany, Switzerland, United Kingdom Series A, Seed, Series B Software, Health Care, Information Technology $1.2M–$52M
Playground Global
VC Fund
3 United States, Canada, Australia Series A, Seed, Series B Software, Artificial Intelligence, Robotics $2.3M–$150M
Hevella Capital
VC Fund
3 Germany, Canada, Austria Seed, Series A, Venture - Series Unknown FinTech, Software, E-Commerce $1.3M–$8.3M
Rheingau Founders
VC Fund
3 Germany, United States, Poland Seed, Series A, Pre-Seed Software, E-Commerce, Internet $138k–$14M
IBG Beteiligungsgesellschaft Sachsen-Anhalt
VC Fund
3 Germany, Austria Seed, Venture - Series Unknown, Series A Medical Device, Software, Electronics $1.3M–$13M
MassMutual Ventures
VC Fund
3 United States, Singapore, India Series A, Series B, Seed Financial Services, Software, Information Technology $2.7M–$50M
Born2Grow
VC Fund
3 Germany, Finland, United States Seed, Series A, Series B Software, Medical, Health Care $1.1M–$6M
Capacura
VC Fund
3 Germany Seed, Pre-Seed, Venture - Series Unknown Health Care, Recycling, Software $505k–$2.9M
BIF Partners
VC Fund
2 Germany, Israel, Norway Seed, Convertible Note, Pre-Seed Health Care, Biotechnology, Therapeutics $1.3M–$2M
Entrée Capital
VC Fund
2 United States, Israel, United Kingdom Seed, Series A, Series B Software, FinTech, Financial Services $1.5M–$60M
Lauder Partners
VC Fund
2 United States, United Kingdom, China Series B, Series A Internet, Software, Information Technology $2.5M–$55M
ES KAPITAL
VC Fund
2 Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, EdTech $348k–$30M
BayBG Venture Capital
VC Fund
2 Germany, Italy, United States Series A, Series B Software, Information Technology, Health Care $732k–$21M
American RENOLIT Corporation
VC Fund
2 Germany Series A Health Care, Medical Device, 3D Printing $4M–$6M
Wellington Partners
VC Fund
2 Germany, United States, United Kingdom Series A, Series B Health Care, Biotechnology, Medical
DocCheck Guano AG
VC Fund
2 Germany, Spain, The Netherlands Seed, Pre-Seed Health Care, Medical, Mobile Apps
Seventure Partners
VC Fund
2 France, United States, Germany Series A, Series B, Seed Biotechnology, Software, Health Care $1.1M–$63M
Eckenstein-Geigy-Stiftung
VC Fund
2 Germany, Switzerland, Rwanda Series A, Pre-Seed, Series B Health Care, Medical, Software $2.2M–$4.4M
M-Invest
VC Fund
2 Germany Series A, Series B Medical Device, Medical, Software
SARSTEDT
VC Fund
2 Germany, Switzerland Series A, Seed, Convertible Note Medical Device, Wellness, Health Care $6.1M–$6.4M
Asabys Partners
VC Fund
2 Spain, France, Belgium Series A, Series B, Seed Health Care, Biotechnology, Medical Device $1.3M–$135M
YZR Capital
VC Fund
2 Germany, Poland, United Kingdom Seed, Pre-Seed, Series A Health Care, Medical, Software $742k–$52M
Carma Fund
VC Fund
2 Germany, France, Sweden Seed, Series A, Series B Health Care, Biotechnology, Medical Device $2.8M–$62M
Norgine Ventures
VC Fund
2 United Kingdom, France, The Netherlands Venture - Series Unknown, Debt Financing Health Care, Medical Device, Biotechnology $2M–$21M
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Investor list

HTGF (High-Tech Gruenderfonds)
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 32 investments in Germany 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, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 781
  • Round size: Seed $790k–$6.9M; Pre-Seed $841k–$2.8M; Series A $3M–$31M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $515M in 2022

Portfolio highlights

  • 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.
  • Smartblue — Smartblue develops and runs software and processes to monitor and optimize zero emission energy systems. As a hardware independent specialist Smartblue delivers a software service for the maintenance, life-cycle management, production forecasting and remote control of photovoltaic and energy storage systems all together in one centralized “SmartControl” Operations and Control Center web application. We help our customers drive down overall operational cost through automation, smart failure detection and big data analysis on imminent defects.
  • OMEICOS Therapeutics — OMEICOS Therapeutics is developing a novel, first-in-class, small molecule utilizing a new Mode of Action. OMEICOS' novel therapeutic strategy is based upon the discovery of natural metabolites of omega-3 fatty acids that mediate a strong anti-arrhythmic effect. In contrast to all other anti-arrhythmic drugs, OMEICOS' substances activatean endogenous cardio-protective signaling pathway that not only stabilizes the heart rhythm but shall provide curative effects to the diseased organ by preventing its electrical and structural remodeling.
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Bayern Kapital
VC Fund · Landshut, Bayern, Germany · 12 investments in Germany 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, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 263
  • Round size: Seed $1.2M–$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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NRW.BANK
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 10 investments in Germany Medical Device startups

NRW.BANK is the development bank for the state of North Rhine-Westphalia. It supports its owner – the state of North Rhine-Westphalia – in fulfilling its tasks, notably in the fields of structural, economic, social and housing policy. NRW.BANK pools the promotion and development programmes of the state of North Rhine-Westphalia, the Federal Republic of Germany and the European Union and combines them with its own equity and debt products and advisory services. It offers the full range of financial products in three areas “Economy”, “Housing”, and “Infrastructure/Municipalities”. NRW.BANK operates in a competitively neutral manner as a partner of banks and savings banks.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 138
  • Round size: Seed $219k–$7.7M; Pre-Seed $209k–$2.1M; Series A $2.4M–$36M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $163M in 2023

Portfolio highlights

  • syte — syte simplifies real estate decisions with AI-based software. Founded in 2021 and based in Münster, Germany, the company analyzes land and buildings in real time and makes complex real estate analyses easily accessible. The syte platform offers digital twins by intelligently linking various types of data, including cadastral and LiDAR data, aerialand satellite images, and market data. The database enables informed statements to be made about development opportunities, renovation potential, energy requirements, economic efficiency, and subsidy options.Project developers, real estate agents, and banks use syte for valuations, planning, and consulting. This includes evaluating locations, reviewing investment decisions, analyzing portfolios with regard to renovation needs, and identifying subsidies. Instead of time-consuming individual research or external expert opinions, the platform enables a reliable initial assessment.The team of over 30 people led by founders Matthias Zühlke and David Nellessen serves over 200 customers – from local real estate agencies to banks with thousands of properties. syte has received multiple awards for its innovative software, including the German AI Award 2023 and the PropTech of the Year Award 2025.
  • Nunos — NUNOS develops biological treatment technology that processes cattle slurry and digestion residues on farms into a thin, low-odor liquid fertilizer with plant-available nutrients. The company offers fully automated, stand-alone treatment systems that integrate into existing farm infrastructure and continuously process daily manure volumes. Its process stabilizes nutrients in chemically stable forms to support precise, demand-based fertilization and long-term storage with reduced nutrient losses. The resulting fertilizer can be used in open-field agriculture, greenhouses, ornamental plant cultivation, and soilless growing systems. NUNOS originates from space research as a spin-off of the German Aerospace Center and adapts closed-loop nutrient recycling concepts to agricultural applications. The company also applies its technology to recycle nitrogenous wastewater in closed habitats such as lunar or martian stations.
  • OMMM — OMMM Operations Management Solutions is a software house that specializes in the digitization and automation of industrial planning.
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TGFS - Technologiegründerfonds Sachsen
VC Fund · Leipzig, Sachsen, Germany · 8 investments in Germany Medical Device startups

TGFS - Technologiegruenderfonds Sachsen is an early stage VC fund targeting high tech startups with strong growth potential. The fund invests into ventures located in Saxony/Germany, Europe's leading semiconductor cluster. The team has invested into more than 120 companies so far, including more than 40 investments from the current fund.

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Investment focus

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

Investor stats

  • Total investments: 159
  • Round size: Seed $796k–$4.8M; Series A $1.9M–$15M; Venture - Series Unknown $2.3M–$5.8M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Prodlane — Prodlane, the company behind MAIA, is a technology company based in Leipzig that specializes in intelligent software solutions for SMEs in the DACH region. With MAIA, we are setting new standards in data analysis and daily knowledge management in all areas of the company using AI, thereby driving forward the digital transformation of SMEs.
  • Cyber Insight — Cyber Insight - Measure, Manage, Mitigate Cyber Risks
  • HandsOn Robotics — Handson Robotics provides state of the art robotics automation workflows for commercial kitchens.
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SOSV
VC Fund · Princeton, New Jersey, United States · 7 investments in Germany 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: 3729
  • Round size: Seed $150k–$5M; Pre-Seed $50k–$1.6M; Convertible Note $50k–$3.6M
  • Lead/follow: 37% lead, 63% 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.
  • Simply Good Jars — Simply Good Jars is a B-Corp company that delivers healthy meals in reusable + returnable packaging through use of smart refrigerated kiosks placed in offices, transit centers, universities and health-systems. Driven by purpose to change that way people think about consumption, SGJ introduces sustainable business practices into their everydayoperations with a zero-waste goal. For every jar returned back to the company for reuse, they will help feed someone in need and ensure that no packaging materials end up in landfills.
  • 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.
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bm-t beteiligungsmanagement thuringen
VC Fund · Erfurt, Thuringen, Germany · 7 investments in Germany Medical Device startups

bm|t supports innovative and growth-oriented companies in Thuringia with equity investments and venture capital.

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Investment focus

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

Investor stats

  • Total investments: 72
  • Round size: Seed $461k–$3.3M; Series A $1.2M–$10M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Altavo — Altavo operates as a medical device startup. Altavo harness the power of machine learning and state-of-the-art sensor technology to improve the lives of people who have lost their voice.
  • Peeriot — Peeriot is a B2B software high-tech startup with a breakthrough in IoT. Peeriot offers a low-code software suite that simplifies IoT data sharing by tenfold.
  • warmwind — warmwind is your all in one solution, when it comes to AI workers. No more tool chaos - everything in the cloud.
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bmp Ventures
VC Fund · Berlin, Berlin, Germany · 7 investments in Germany Medical Device startups, 7 in the past 12 months

bmp Ventures is an innovative Venture Capital Company from Berlin. Since 1997 we’ve been investing Smart Money in Early Stage and Growth Startups. We finance ingenious business models with outstanding teams, who build fast-growing and sustainably profitable enterprises.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Germany, United States, Austria

Investor stats

  • Total investments: 122
  • Round size: Seed $162k–$3.6M; Series A $912k–$5.9M; Venture - Series Unknown $172k–$12M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $70M in 2024

Portfolio highlights

  • Lab Thunder — LabThunder provides a cloud-based laboratory management software platform designed to digitize operational workflows. The system centers on centralizing equipment management, automated maintenance scheduling, digital logbooks, and AI-supported knowledge management to ensure audit-ready compliance.
  • Sedivention — Fight obesity within 20 minutes - fast, effective, long-term. A new weight-loss therapy for the treatment of obesity. Just a view minutes will change your life.
  • Solar Materials — Solar Materials primarily engages in the development of technologies for the sustainable and economical recycling of solar modules.
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KfW
VC Fund · Frankfurt, Hessen, Germany · 7 investments in Germany Medical Device startups, 6 in the past 12 months

KfW is a development and promotional bank that offers financing, investment, and advisory services aimed at social, environmental, and economic development. It provides loans and grants for small and medium-sized enterprises, start-ups, and municipalities, supports energy efficiency and climate protection initiatives, and offers funding for housing and education. KfW works domestically in Germany through subsidiaries like KfW IPEX-Bank and DEG, and abroad via development bank operations, supporting infrastructure, renewable energy, vocational training, and public institutions. It mobilises capital from international financial markets and government mandates to carry out its activities. It ensures that supplier engagements adhere to sustainability and compliance standards in its procurement.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Germany, India, United Kingdom

Investor stats

  • Total investments: 163
  • Round size: Series A $2.2M–$7.5M; Series B $3.3M–$17M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • AtlasEdge — AtlasEdge Data Centres is one of the fastest growing data centre providers in Europe. Find out more about us!
  • Everphone — Everphone provides solutions for the configuration, distribution, and management of mobile devices in organizations. The company focuses on device procurement, logistics, mobile device management, and hardware advisory services that allow organizations to choose mobile phones and tablets on a rental basis. The company also provides smartphones,tablets, accessories, and laptops.
  • Quantum Systems — Our vision is to become the global leader in providing aerial data for decision making by the use of our drones.
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Brandenburg Kapital
VC Fund · Potsdam, Brandenburg, Germany · 6 investments in Germany Medical Device startups

With a track record of over 20 years in venture capital and experience from more than 200 investments in numerous companies BFB Brandenburg Kapital GmbH (BFB) is the most active equity investor in Brandenburg. BFB invests in fast-growing technology-orientated companies throughout the whole life-cycle. Target sectors are ICT/Digital Economy,Life Science, MedTech, Proptech, Industrial Applications. BFB invests in companies based in or with facilities in Brandenburg. The current VC fund is financed by the European Regional Development Fund (ERDF) an Investitionsbank des Landes Brandenburg (ILB).

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Investment focus

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

Investor stats

  • Total investments: 80
  • Round size: Seed $873k–$6.1M; Series A $2.8M–$13M; Venture - Series Unknown $1.1M–$7.5M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Kupando — Kupando is a biopharmaceutical company that develops agonists to stimulates innate immunity.
  • AssistMe — With a smart, adaptive and automated form of data processing and preparation, alea opens the way for future-proof, digitally supported everyday care. As an initial component of the AssistMe care platform, alea enables a contemporary, efficient care data culture for future intersectoral, networked processes and digitally supported teamwork. In theend, the aim is to effectively support care in times of a shortage of skilled workers through more self-determined content transparency - with complete personal autonomy and freedom of action and less redundancy & stress.Elderly Care will struggle in the next 10 years due to an increasing ageing population, fewer caregivers, more workload, stress, and manual documentation. All of that is a problem for the well-being of those in need of care. Furthermore, the incontinence management means large time and material expenses for caregivers. With the joint system, both companies can equip over 80 % of care recipients in care homes. An initial scientific study proved that the system could save 23 % of adult diapers and time while changing them. Together with significantly fewer leakages, the caregiver can reinvest the time gained in even higher quality care work. This ultimately has the potential to benefit care recipients in terms of quality of sleep and life. Digital functions for optimized care processesWith a very new smart sensor strip, we made leading quality adult diaper brands compatible with the digital possibilities of intelligent care technology of alea. The system reveals where care needs exist, but are not immediately visible, e.g. the urine status in the adult diaper which previously was not known until manually checked. The system transforms this initially hidden care and health data and converts it into digital, structured, immediately understandable real-time information for elderly care and its relevant stakeholders. All functionalities are based on the device alea sensor clip on smart Diaper products, which can be attached and changed in seconds. With just one quick click, caregivers turn the smart diaper into a ready-to-use digital care assistance system. With an optimal sensor position in the centre of the adult diaper and without direct skin contact. The alea hardware can generate highly valid information and make it available to care staff in real time through the mobile and web apps. The care-relevant information of alea includes the amount of urine, movements in the care bed for effective pressure ulcer prevention, fall detection and zone management. How caregivers, care homes & care recipients benefitOver 80 % of care home residents suffer from incontinence. This is a major challenge for everyone involved. The smart system solves issues for all care related audiences: Care recipients benefit from less time in full incontinence pads, but also benefit from fewer manual visual checks during bedtimes. In addition, there is a higher level of safety and prevention. By reducing time-consuming routine and visual checks on an as-needed basis. Caregivers can invest the time gained in other important or relevant care tasks. In this way, they can increase their self-determination in their work and thus their job satisfaction. Thanks to the significant savings in materials and costs, care home operators gain more planning security and can focus their business value creation even better on direct care for people in need of care. In this way, care homes can position themselves as more attractive employers for care staff because they have state-of-the-art digital equipment.With the Care. For the Care. The solution was developed and tested together with the care practice. With the IoT and future-proof platform approach, caregivers will benefit from additional functions in an established and accepted product setting. The system can be connected to various care documentation systems via open interfaces. The aim of the solution is not only to reduce the workload for all those involved in care. Care homes can also optimize teamwork and automate routine processes to support caregivers in the interests of people-centric care in the face of an increasing shortage of skilled staff. With the market entry, care homes can obtain information and order from us or one of our partners. While they order smart Diapers from our partners in the unit price context they are used to, alea Digital System comes as a software-as-a-service model. Without any additional initial costs, they can use all functions via personally provided hardware and software for each care recipient – for the most cost-efficient and needs-orientated use.
  • All About Accuracy — Sub-1mm accuracy and <1ms latency RF localization for physical AI. Train robots with ground-truth motion data cameras and GPS can't reach.
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MIG Capital
VC Fund · München, Bayern, Germany · 5 investments in Germany Medical Device startups

MIG Capital is one of the leading German VC Investors. We invest in European Deep Tech and Life Sciences from early to late stage (Seed, Series A, and beyond). We use investments to shape a better tomorrow, today. Our team currently manages 17 MIG public venture capital funds regulated by BaFin, the German financial markets authority. These funds operate with more than EUR 1.2 billion capital committed by >60,000 private investors across Germany and Austria. Today, our portfolio consists of 30 companies.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Germany, France, Austria

Investor stats

  • Total investments: 98
  • Round size: Series A $1.9M–$40M; Series B $1.7M–$60M; Venture - Series Unknown $5.6M–$20M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — raised $76M in 2014

Portfolio highlights

  • NcodiN — The High Performance Computing (HPC) and ArtificiaI Intelligence (AI) era requires unprecedented computing capabilities. With this in view, industry is heading towards zettascale supercomputers, based on >100k processing units. Chiplets-based disaggregated processors and memory-centric computing architectures are taking over and require an ever more intensive communication between dies. Thus, today interconnect bottleneck is the main
  • GlassPoint Solar — GlassPoint provides solar steam generators to the oil and gas industry for applications such as Enhanced Oil Recovery. It replaces gas-fired steam generation with solar, GlassPoint can reduce EOR gas consumption by up to 80 percent. The company was founded in 2008 and headquartered in Fremont, California.
  • Zadient Technologies — Zadient produces semiconductor manufacturing materials that are critical for the entire silicon carbide (SiC) value chain
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TechVision Fund
VC Fund · Aachen, Nordrhein-Westfalen, Germany · 4 investments in Germany Medical Device startups

BRAIN - CASH - PROXIMITY BRAIN: We are engineers, developers, scientists and business people – but we‘re all entrepreneurs. We meet you at eye level and do whatever is takes to help you achieving your goals. Strategy, product development, regulatory, hiring or sales – we use our hands and brains for you and your team to become successful. CASH: Becoming the next category leader doesn‘t come for free. We fuel your ambition by investing early-stage venture capital. For a reliable long-term relation, we invest early and have a decent reach to support you on your journey. Our international network backs your later rounds. PROXIMITY: Authentic early-stage investing takes a lot of work and time. We believe that real human-to-human interaction is the key to successful long-term relationships. We are here for you when you need us and at your site if you call for us. That‘s why we mainly invest in teams that we can reach within two hours.

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Spain

Investor stats

  • Total investments: 43
  • Round size: Seed $1.5M–$5.8M; Pre-Seed $1.2M–$2.4M; Series A $5.4M–$28M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Octonomy — octonomy: AI-as-a-Service mit der neuen Generation von KI-Agenten. 80 % Zeitersparnis, 24/7-Support in 30+ Sprachen, live in 20 Tagen.
  • Wakeline — Wakeline is an AI research lab. We built a new kind of AI that learns while it runs, with no pretraining and no retraining. It was deployed first in energy markets and is now being tested by a select few companies in other industries.
  • Eeden — Eeden engages in the manufacture and supply of textiles.
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HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Germany Medical Device startups

HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.

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Investment focus

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

Investor stats

  • Total investments: 141
  • Round size: Series A $6M–$73M; Series B $12M–$92M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $179M in 2024

Portfolio highlights

  • Neobiomics — Advancing neonatal care through evidence-based clinical nutrition.
  • AMRA Medical — AMRA Medical is a digital health company transforming medical research and clinical care using rapid whole-body MRI technology.
  • Ultragenyx Pharmaceutical — Ultragenyx is focused on developing first-ever approved treatments for rare and ultrarare diseases and moving the rare disease community forward.
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Expon Capital
VC Fund · Luxembourg, Luxembourg, Luxembourg · 4 investments in Germany Medical Device startups

Global investor in big ideas with the potential for positive impact & exponential growth

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Luxembourg, France, United States

Investor stats

  • Total investments: 129
  • Round size: Seed $527k–$5M; Series A $2.2M–$34M; Series B $17M–$102M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $15M in 2023

Portfolio highlights

  • Deelan — Save time and resources by training your team with Deelan's AI-native LMS. All-in-one platform for training performance of your teams, employees, partners, and customers. Create learning, grow skills and measure results in minutes.
  • nexten.io — nexten.io is the leading subscription-free recruitment platform, connecting thousands of selected developers open to on site, remote or freelance opportunities with CTOs of the best tech companies across Europe.
  • Service — Service gets you paid when your flight is delayed or cancelled.
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Heal Capital
VC Fund · Berlin, Berlin, Germany · 4 investments in Germany Medical Device startups

Heal Capital is a European venture capital fund backing mission-driven founders with capital and HealthTech-specific expertise, accelerating market access.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, France

Investor stats

  • Total investments: 52
  • Round size: Seed $1M–$12M; Pre-Seed $1.9M–$4M; Series A $9M–$35M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Hema.to — Flow cytometry analysis software, re-imagined. From raw FCS and LMD data to finalized report with AI-powered CellStudio.
  • Vocca — Voice AI for healthcare: 1,500+ practices, 20+ specialties. Vocca answers every patient call, books into your software and follows up with patients, 24/7.
  • Aitiologic — A precision medicine startup providing multi-modal liquid biopsy solutions for early disease detection and targeted therapy.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 4 investments in Germany 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, Italy

Investor stats

  • Total investments: 600
  • Round size: Post-IPO Debt $16M–$587M; Debt Financing $16M–$370M; Venture - Series Unknown $8.7M–$110M
  • Lead/follow: 83% lead, 17% follow

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.
  • MedinCell — Join Medincell on a journey to transform global health with innovative therapies.
  • Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
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IFB Innovationsstarter
VC Fund · Hamburg, Hamburg, Germany · 4 investments in Germany Medical Device startups

The IFB Innovationsstarter is an innovation funding and investment company of the City of Hamburg providing grants and investments.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Grant, Series A
  • Geography: Germany, United States, Switzerland

Investor stats

  • Total investments: 90
  • Round size: Seed $365k–$3M; Grant $79k–$178k; Series A $1.7M–$67M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $16M in 2023

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.
  • eleQtron — eleQtron creates and operates quantum computers based on trapped ions, radio frequency control, and Magnetic Gradient Induced Coupling (MAGIC). It also puts forward novel ideas for scalable quantum processors based on RF-controlled trapped ions. eleQtron will run MAGIC quantum computers and provide quantum computing performance on a subscriptionbasis.
  • DEALCIRCLE — DealCircle is a digital M&A solution and partner of hundreds of M&A advisors. We support in identifying buyers and addressing the market. This provides investors access to a comprehensive deal flow of relevant projects.
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TUDAG
VC Fund · Dresden, Sachsen, Germany · 3 investments in Germany Medical Device startups

The TUDAG group of the TU Dresden is a combination of past ten companies whose job it is to the knowledge of the university market. The aim is to encourage industry and in particular SMEs in the development of new technologies and innovative products. Also for the training of highly qualified staff provides the group TUDAG extensive benefits.Morethan 500 scientists, engineers, project managers and lecturers of the group realize TUDAG individual innovations across the entire value chain. Here, they work in interdisciplinary teams to work closely with scientists from the Technical University of Dresden and other scientific institutions.

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Investment focus

  • Industry: Electronics, Manufacturing, Sensor
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany

Investor stats

  • Total investments: 12
  • Round size: Seed $2.6M–$9.8M; Series A $3.5M–$5.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Altavo — Altavo operates as a medical device startup. Altavo harness the power of machine learning and state-of-the-art sensor technology to improve the lives of people who have lost their voice.
  • Flexora — Flexora macht Anlagendigitalisierung einfach: Mit industrieller Sensorik erhalten Sie Echtzeitdaten und treffen datengetriebene Entscheidungen.
  • Senorics — Material Sensing offers a way to identify and quantify materials quickly and easily. Its benefits are compelling and the possibilities it opens are broad.
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Sofinnova Partners
VC Fund · Paris, Ile-de-France, France · 3 investments in Germany 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: 353
  • 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.
  • HighLife — HighLife is driven by a mission to deliver innovative treatment options to patients suffering from heart valve diseases.
  • EnginZyme — Enzymatic chemistry for cleaner ingredients in personal care, food and pharma. Enginzyme's patented EziG platform makes enzymes work at industrial scale.
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11k Ventures
VC Fund · Hamburg, Hamburg, Germany · 3 investments in Germany Medical Device startups

We are a business angel collective based in Germany. We help early-stage startups that want to make a difference by preservation and improvement of human health.

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Investment focus

  • Industry: Software, Health Care, Medical Device
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Germany, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $674k–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • DeepSpin — DeepSpin is developing a next-gen, AI-powered MRI machine at a fraction of the cost, size and weight of standard systems, allowing to bring MRI to the point-of-care.
  • Mindpeak — Harnessing the power of Artificial Intelligence and machine learning, Mindpeak products can help make pathology diagnosis faster and more accurate.
  • atmio — atmio helps natural gas operations to find, fix and report methane emissions easily.
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S-Venture Capital Dortmund
VC Fund · Deutsch, Sachsen, Germany · 3 investments in Germany Medical Device startups

S-Venture Capital Dortmund aims to fund technology companies and is a German regional investment group.

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Investment focus

  • Industry: Biotechnology, Guides, Genetics
  • Stage:Series B, Series A
  • Geography: Germany

Investor stats

  • Total investments: 9
  • Round size: Series B $3.6M–$9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Innolume — Innolume is a semiconductor laser fab for GaAs quantum dot and quantum well diode lasers, serving photonics, research and industrial projects.
  • Protagen — Protagen is a precision medicine specialist that support drug development, facilitate treatment strategies and improve patient management. Protagen is at the forefront of immuno-profiling and the discovery of novel autoantibody signatures for autoimmune disease and immuno-oncology. Protagen’s SeroTag® technology identifies biomarkers that address anumber of challenges currently hindering the successful development and broader application of both cancer immunotherapies and novel treatments for autoimmune diseases.The company is a leader in patient stratification for autoimmune disease, having developed disease-specific NavigAID stratification panels that profile individual patient’s autoimmune condition and immune status. This precision medicine approach allows for the development and implementation of more targeted therapies for diseases such as systemic lupus erythematosus (SLE), systemic sclerosis (SSc), rheumatoid arthritis (RA), Sjögren’s syndrome (SjS) and others.
  • Scienion — Provider of advanced biotech instruments, specializing in precision microdispensing and solutions for single-cell and 3D cellular model sorting and isolation.
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SOSV HAX
VC Fund · San Francisco, California, United States · 3 investments in Germany Medical Device startups, 11 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, Manufacturing, Health Care
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, Canada, China

Investor stats

  • Total investments: 669
  • Round size: Seed $100k–$4.7M; Pre-Seed $25k–$2.4M; 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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Sparkasse Jena
VC Fund · Jena, Thuringen, Germany · 3 investments in Germany Medical Device startups

Sparkasse Jena is a German savings bank offers a collection of financial products and services to private, retail, and corporate customers.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Stage:Seed, Series A, Series C
  • Geography: Germany, United States

Investor stats

  • Total investments: 8
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • NovaPump — The NovaPump GmbH is a cardiology company based in Jena/Germany devoloping cutting-edge therapeutical solutions in the field of non-invasive and percutaneous circulation support. The so called PERKAT (PERKutane KATheterpumpe) technique will be offered as pLVAD & pRVAD heart pumps for acute left or right heart patients within the nextyears. PERKAT works together with the current IABP technique (intra aortic balloon pump with about 200,000 cases p.a. internationally) and is the only-one catheter-based & self-expanding, pulsatile & ECG-triggered, cost-effective heart pump technique with a high pump performance. PERKAT is not available on the market so far. Articles in leading scientific journals and presentations at the top four international cardiology conferences in the last years show the medical need, the development status and the technological and medical advantages of PERKAT.
  • PERCEPTEC — PERCEPTEC is an application-oriented think tank with the aim of accelerating the process of modernization and digitalization of the optometric and ophthalmological sector.
  • DeepEn — DeepEn is a research transfer start-up from Leibniz Institute of Photonic Technologies. It focus on the development of solutions in the field of fibrephotonics, biophotonics and bioimaging.
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Sparrow Ventures
VC Fund · Zürich, Zurich, Switzerland · 3 investments in Germany Medical Device startups

We are a Zurich-based Venture Builder and Growth Equity Investor. With our ambitious team of highly customer-focused entrepreneurs, we are committed to putting our expertise to work and strive to make an impact.

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Investment focus

  • Industry: Health Care, Real Estate, Medical Device
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Switzerland, Finland, Germany

Investor stats

  • Total investments: 15
  • Round size: Seed $2.1M–$6.3M; Series A $3.6M–$7.7M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • properti — "building the world's greatest real estate company"Properti is a modern, young and pioneering PropTech startup founded in November 2019. Through our unique Properti System, which combines the latest technologies, in-depth expertise and world-class marketing, we provide an exclusive service. Our mission is to change the real estateindustry sustainably with the symbiosis of technology and people to build trustworthiness and transparency. Our goal is to offer customers a full service around the housing ecosystem.
  • HelloBetter — HelloBetter (hellobetter.de) was founded in 2015 under the name GET.ON Institut für Online Gesundheitstrainings GmbH (geton-institut.de) by internationally renowned research psychologists, and in close partnership with one of the largest public health care insurance companies in Germany (BARMER). HelloBetter is a pioneer in the field of e-mentalhealth and a leading provider of online mental health courses. Its work has a strong scientific basis – the courses were developed, evaluated, and implemented in a practice setting, and their effectiveness has been proven in 33 randomized controlled trials according to the highest standards of scientific practice. HelloBetter offers the widest range of evidence-based online mental health courses worldwide, with 11 digital courses covering 8 problem areas (stress, depression, insomnia, depression in the case of chronic illness, chronic pain, alcohol consumption, excessive worry, and panic and anxiety).In October 2021, the digital therapeutic 'HelloBetter Stress and Burnout' has been permanently approved by the German Federal Institute for Drugs and Medical Devices (BfArM) as a Digital Health Application (DiGA) and thus is available by prescription free of charge for more than 50 million adults. It is the world’s first and so far only prescription digital therapeutic for the treatment of burnout symptoms.Through diverse cooperations with national and international research groups (including FAU Erlangen, University of Ulm, VU Amsterdam, and Harvard University) HelloBetter finds practical applications for the latest research innovations. Our products and our team have been awarded numerous national and international prizes. These include the Novartis & Sandoz/Hexal Digital Health Prize 2018, the Comenius Award of the European Federation of Psychologists’ Association, and the Good Practice in Mental Health & Wellbeing seal of approval as part of the EU Compass 2018, which recognises high-quality mental health initiatives in Europe in order to guide health care providers to effective and proven services.
  • Selma Finance — A personal investment plan, automated wealth management and expert support, all in one app. FINMA-regulated, trusted by over 16,000 clients.
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Think.Health
VC Fund · Fürstenfeldbruck, Bayern, Germany · 3 investments in Germany Medical Device startups

Think.Health invests as a boutique risk-taker in healthcare ventures. We continuously seek innovations and disruptive business models in digital healthcare, medical technologies and health service providers,

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Investment focus

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

Investor stats

  • Total investments: 36
  • Round size: Seed $1.1M–$7.6M; Series A $3.8M–$28M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Robeaute — Redesigning the future of neurosurgery by creating the new standard device that will provide surgeons with seamless access to delicate areas of the brain parenchyma and with real-time data.
  • Inflammatix — Inflammatix develops rapid point of care diagnostic tests by reading the immune system, and resolves major clinical health challenges.
  • Sphingotec GmbH — Improving patient outcomes with innovative diagnostics for critical care: Actionable insights in real-time
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Seed Fonds Aachen
VC Fund · Aachen, Nordrhein-Westfalen, Germany · 3 investments in Germany Medical Device startups

Seed Fonds has a strong competence network with national and international investors, business angels & expertes from the industry. They are specialized in the development of comprehensive financing models offering stability and development opportunities on the long term.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Seed, Venture - Series Unknown
  • Geography: Germany

Investor stats

  • Total investments: 24
  • Round size: Seed $1.1M–$1.6M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Silexica — Silexica was a venture capital backed company for software development tools. The SLX programming tools accelerate the journey from software to application-specific hardware systems and thus reduce time-to-market of intelligent products.Founded in 2014 as a spin-off from RWTH Aachen University, Silexica was headquartered in Germany with officesin the US and Japan. It has received $28M in venture capital funding from international investors and was acquired by Xilinx/AMD in 2021.
  • Cube Sports — Cube Sports operates kids, teens and adults sporting products.
  • Vimecon — Vimecon develops and produces laser catheters for the treatment of heart diseases with a focus on atrial fibrillation. It also manufactures products for the medical technology and biotechnology; and offers microscopically small catheters, as well as micro materials handling techniques for exact measurement and dosage. Moreover, Vimecon advisesvarious customers from the scholar and industrial research and development. Kai U. Markus founded it in 2005, with its headquarters in Herzogenrath in Germany.
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Atlantic
VC Fund · Berlin, Berlin, Germany · 3 investments in Germany Medical Device startups

Atlantic Labs supports and invests in mission-driven founders working on transformative technology ventures.&nbsp;<br><br>We partner with founders early, providing the capital, tools and network necessary to growing their companies and accompanying them on their entrepreneurial journey. We are currently active in areas including Digital Health, Future of Work, Machine Learning, Decentralized Networks, Mobility and Industrial Applications.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 275
  • Round size: Seed $1.1M–$9.4M; Pre-Seed $850k–$3.5M; Series A $4.5M–$30M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • 42matters — 42matters offers a full suite of mobile and connected TV app intelligence solutions, including APIs, file dumps, and visual, web-based platforms.
  • Phase0 — Payment platform for construction projects
  • Lightspring — Lightspring is a photonics technology company developing advanced 3D optical interconnection solutions for photonic systems,Its platform enables precise, adaptable connections between chips, fibers, and light sources beyond traditional packaging constraints.This company focuses on scalable photonic integration to accelerate the development of high-performance optical systems.
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b2venture
VC Fund · Saint Gallen, Sankt Gallen, Switzerland · 3 investments in Germany Medical Device startups, 8 in the past 12 months

b2venture is a venture capital firm focused on early-stage investments in digital and industrial technology companies. B2venture invests EUR 100m+ per year in high-growth companies with ticket sizes from EUR 0.25m to 3.5m.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Switzerland, United Kingdom

Investor stats

  • Total investments: 281
  • Round size: Seed $1.2M–$8.8M; Series A $3.4M–$23M; Series B $6.9M–$52M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely actively investing — fresh fund, raised $179M in 2026

Portfolio highlights

  • 1Komma5° — 1KOMMA5° is a global decarbonisation energy company focusing on intelligent energy solutions and promoting a CO2-neutral lifestyle. They are a ClimateTech startup focused on CO2-neutral energy, heating, and mobility. The company functions at approximately 80 sites across 7 global markets, providing a comprehensive range of smart, integrated energysolutions including photovoltaics, energy storage, heat pumps, and electric vehicle charging stations.
  • Flyboard — Human-level AI voice agents at a fraction of the cost. Transform your customer engagement with intelligent automation.
  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
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Playground Global
VC Fund · Palo Alto, California, United States · 3 investments in Germany Medical Device startups, 12 in the past 12 months

Playground Global is an early-stage venture capital firm backing technical and scientific founders with deep engineering expertise, a collaborative environment, and a first-hand understanding of the intricacies of deep tech. Established in 2015 and headquartered in Palo Alto, CA, Playground’s mission is to transform ambitious ideas into impactful businesses that benefit humanity and the planet. We invest in areas that span across next gen compute automation, energy transition and engineered biology. Playground has been an early – and frequently first investor – in companies that include PsiQuantum, Relativity Space, Ultima Genomics, MosaicML (acq. by Databricks), d-Matrix, and Strand Therapeutics.

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Investment focus

  • Industry: Software, Artificial Intelligence, Robotics
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Australia

Investor stats

  • Total investments: 155
  • Round size: Seed $2.3M–$14M; Series A $8M–$44M; Series B $20M–$150M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely actively investing — fresh fund, raised $475M in 2026

Portfolio highlights

  • RegCell — RegCell aims to generate novel therapeutic technologies through augmenting or controlling the immune system and our goal is to save patients who suffer from autoimmune diseases and cancer .
  • Mesa Quantum — Mesa Quantum's sensors are changing how systems perceive our world. Our mass-manufacturable, chip-scale sensors help machines know where they are, what time it is, and what's around them.
  • Delos Data — Delos Data develops infrastructure technology for large-scale artificial intelligence workloads. The company focuses on addressing networking and memory bottlenecks in massive AI data centers by moving away from legacy high-performance computing and traditional cloud architectures. Its teams design custom software, systems, and silicon interconnects tailored for AI workloads, improving how compute tasks are distributed and how memory layers are interconnected. Delos Data offers the Nonstop AI platform, an architecture that optimizes memory connections across large GPU clusters to support fast, resilient inference domains. It also provides the Delos Mosaic software stack, which delivers real-time cluster analytics to detect bottlenecks and automatically reroute workflows during GPU or cable failures. These offerings target organizations building or operating advanced AI infrastructure that require improved performance, reliability, and scalability.
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Hevella Capital
VC Fund · Hamburg, Hamburg, Germany · 3 investments in Germany Medical Device startups

Hevella Capital is a principal investment firm.

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Investment focus

  • Industry: FinTech, Software, E-Commerce
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Germany, Canada, Austria

Investor stats

  • Total investments: 22
  • Round size: Seed $2.3M–$3.8M; Series A $4.1M–$7.7M; Venture - Series Unknown $1.3M–$8.3M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • fulfin — Fulfin is the leading provider of customized financing solutions for online businesses in Germany and plays an important role in the supply of liquidity in the e-commerce industry. On the platform developed by fulfin, the credit application as well as the credit check is done online, easily and quickly. The fulfin team has significant experiencein the fields of e-commerce, fintech and risk management.
  • HelloBetter — HelloBetter (hellobetter.de) was founded in 2015 under the name GET.ON Institut für Online Gesundheitstrainings GmbH (geton-institut.de) by internationally renowned research psychologists, and in close partnership with one of the largest public health care insurance companies in Germany (BARMER). HelloBetter is a pioneer in the field of e-mentalhealth and a leading provider of online mental health courses. Its work has a strong scientific basis – the courses were developed, evaluated, and implemented in a practice setting, and their effectiveness has been proven in 33 randomized controlled trials according to the highest standards of scientific practice. HelloBetter offers the widest range of evidence-based online mental health courses worldwide, with 11 digital courses covering 8 problem areas (stress, depression, insomnia, depression in the case of chronic illness, chronic pain, alcohol consumption, excessive worry, and panic and anxiety).In October 2021, the digital therapeutic 'HelloBetter Stress and Burnout' has been permanently approved by the German Federal Institute for Drugs and Medical Devices (BfArM) as a Digital Health Application (DiGA) and thus is available by prescription free of charge for more than 50 million adults. It is the world’s first and so far only prescription digital therapeutic for the treatment of burnout symptoms.Through diverse cooperations with national and international research groups (including FAU Erlangen, University of Ulm, VU Amsterdam, and Harvard University) HelloBetter finds practical applications for the latest research innovations. Our products and our team have been awarded numerous national and international prizes. These include the Novartis & Sandoz/Hexal Digital Health Prize 2018, the Comenius Award of the European Federation of Psychologists’ Association, and the Good Practice in Mental Health & Wellbeing seal of approval as part of the EU Compass 2018, which recognises high-quality mental health initiatives in Europe in order to guide health care providers to effective and proven services.
  • ChargeX — ChargeX provides electric car charging solutions. Tobias Wagner, Michael Masnitza, and Johannes Engeln founded it in 2017, with its headquarters in Munich in Germany.
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Rheingau Founders
VC Fund · Berlin, Berlin, Germany · 3 investments in Germany Medical Device startups

Rheingau Founders is a Berlin&Munich based Venture Capital firm active since 2011. Focusing on pre-seed to Series A investments in Europe, predominantly B2B in the fields of Marketplaces, Software as a Service, InsurTech, and eHealth. Rheingau targets start-ups that have the potential to sustainably disrupt existing processes and value chains. Besides the financial investment, we offer strategic support through the mentorship of our partners.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United States, Poland

Investor stats

  • Total investments: 90
  • Round size: Seed $138k–$6.3M; Pre-Seed $770k–$2.7M; Series A $2.7M–$14M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • MoleQlar — MoleQlar is a data and research-driven longevity company. It provides valuable information and offers consumers lab-tested nutritional supplements. The company focuses on functional medicine with optimized nutrition. Their product range includes Uthever NMN, Resveratrol, Betaine, Carnosine, and more. These products are aimed at lowering biologicalage and promoting health and longevity. MoleQlar also offers health tracking services. The company is certified in Germany and delivers its products EU-wide, including Switzerland.
  • Qualifyze — Qualifyze (former ChemSquare) was founded out of the Technical University of Darmstadt in September 2017. Today, we are based in Frankfurt am Main, the heart of Germany’s pharmaceutical cluster, where the leading life science companies are based. Our team consists of 16 people with diverse backgrounds and areas of expertise in business,engineering, and technology as well as several strategic partners from the pharma, food and cosmetics industry.
  • Akhetonics — Akhetonics is a photonic computing company building all-optical processors for ultra-fast AI and high-performance computing. It is a deep-tech semiconductor company focused on photonic (light-based) computing hardware. It develops all-optical processors designed to accelerate AI, reasoning, and complex computational workloads. The company aims todeliver ultra-fast, energy-efficient computing beyond traditional electronic chips.
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IBG Beteiligungsgesellschaft Sachsen-Anhalt
VC Fund · Magdeburg-rothensee, Sachsen-Anhalt, Germany · 3 investments in Germany Medical Device startups

IBG Beteiligungsgesellschaft Sachsen-Anhalt is a venture capital firm makes investments in territories such as Germany and Denmark.

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Investment focus

  • Industry: Medical Device, Software, Electronics
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Germany, Austria

Investor stats

  • Total investments: 21
  • Round size: Seed $1.3M–$3M; Series A $4.3M–$13M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $54M in 2017

Portfolio highlights

  • RAYDIAX — We are Raydiax.Interventional only.Our goal is to reinvent computer tomography that is focussed on treatment.
  • Solar Materials — Solar Materials primarily engages in the development of technologies for the sustainable and economical recycling of solar modules.
  • PerioTrap Pharmaceuticals GmbH — PerioTrap is an early stage biopharmaceutical company that aims to eradicate the root cause of periodontitis
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MassMutual Ventures
VC Fund · Boston, Massachusetts, United States · 3 investments in Germany Medical Device startups

MMV is a multistage, global venture capital firm investing in enterprise software, cybersecurity, financial technology, and digital health companies. We help accelerate the growth of the companies we partner with by providing capital, connections and advice.

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Investment focus

  • Industry: Financial Services, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 160
  • Round size: Seed $2.7M–$11M; Series A $5M–$23M; Series B $7M–$50M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely actively investing — fresh fund, raised $150M in 2026

Portfolio highlights

  • Versana — Centralized, real-time digital agent data unlocks end-to-end solutions across the $8T broadly syndicated loan and private credit markets.
  • AGent Energy — AGent Energy operates a hardware and software platform that connects commercial, industrial, and institutional backup generators and other distributed energy resources to electricity markets. The company installs onsite equipment and software, monitors generator condition and utilization, and manages participation in demand-response and other gridprograms. Its platform supports remote dispatch, operational alerts, anomaly detection, compliance processes, and diagnostic data for facilities such as hospitals, manufacturers, data centers, universities, agricultural sites, retailers, and water infrastructure operators. AGent Energy shares market proceeds with participating facility owners while maintaining generator availability for backup use.
  • EduFund — EduFund is India's leading education finance platform, helping parents plan, save, and pay for their child's higher education, in India or abroad. Co-founded in 2020 by Eela Dubey and Arindam Sengupta, EduFund was built on a simple conviction: most Indian families focus intensely on academic preparation for college and almost entirelyignore the financial side until it's too late. Eela Dubey, Co-founder and CEO, is a NYU graduate with a background in hedge funds on Wall Street. Arindam Sengupta, Co-founder, is a Princeton University alumnus with experience at Citadel and Reliance Capital. Together, they built EduFund to close the gap between being academically ready and financially ready for higher education. The platform offers a full suite of education finance tools, including mutual fund SIPs, fixed deposits, digital gold, and term insurance, alongside education loans, scholarship discovery, and end-to-end admissions support. Its AI-powered college cost calculator, Taara, gives parents inflation-adjusted cost estimates across 3,000+ colleges in 19+ countries in seconds, factoring in tuition, living costs, and currency risk. EduFund started out as a B2C app for consumers. EduFund's B2B platform, Vittam, serves to scale the same mission through India's MFD ecosystem, enabling wealth distributors to offer their clients a broader suite of financial products, from education loans and GIFT City funds to EB-5 global investment products and international health insurance. EduFund has served 250,000+ families and built a partner network of 40+ asset management firms and 15+ lending institutions, along with over 300 MFDs and IFA's through it's B2B vertical, Vittam. EduFund has raised $12 million in total funding, including a $6 million Series A led by Cercano Management and MassMutual Ventures. The company is also supported by angel investors.
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Born2Grow
VC Fund · Heilbronn, Baden-Wurttemberg, Germany · 3 investments in Germany Medical Device startups

Born2Grow is a german venture fund focusing on early stage investments. They invest up to 500k€ in innovative business models. They are based in Heilbronn in Baden-Wuerttemberg. Born2Grow focus on investments lies within the MedTech, BioTech, FinTech area as well as some other online industries

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $1.1M–$6M; Series A $3M–$4.1M; Series B $1.1M–$3.3M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Semorai — Semorai - Intelligent error management for manufacturers We are reinventing the future of quality and error control in the industrial industry with our unique AI-as-a-Service solution.
  • SpinDrive — Spindrive creates customized levitation technology pushing energy efficiency to the maximum level and promoting oil-free solutions.
  • Unchained Robotics — Unchained Robotics engages in the development of artificial intelligence-based control system for robots for electronics production.
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Capacura
VC Fund · Lohmar, Nordrhein-Westfalen, Germany · 3 investments in Germany Medical Device startups

Capacura is reinventing the venture capital market so that more start-ups get access to capital, knowledge, processes and solutions.

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Investment focus

  • Industry: Health Care, Recycling, Software
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Germany

Investor stats

  • Total investments: 26
  • Round size: Seed $505k–$2.9M; Pre-Seed $889k–$963k
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • odacova — Odacova is a SaaS company that provides individualized nutrition for corporate cafeterias and employee eating, utilizing web, Android, and iOS platforms.
  • Foom — The foom technology extracts valuable fertiliser from organic waste - on site and in record time
  • Everwave — Everwave is a social enterprise that focuses on preventing plastic pollution in rivers and oceans.
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BIF Partners
VC Fund · Hamburg, Hamburg, Germany · 2 investments in Germany Medical Device startups

Angel Investors focusing on Seed Investments

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Investment focus

  • Industry: Health Care, Biotechnology, Therapeutics
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Germany, Israel, Norway

Investor stats

  • Total investments: 14
  • Round size: Seed $1.3M–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hemispherian — Hemispherian is an innovative preclinical pharmaceutical company focused on developing a novel class of small molecule drugs. These drugs target the TET2 enzyme as an epigenetic therapy for particularly aggressive cancers.
  • ECO Group — Eco is a supplier of consumer products. They create structures for increased growth and profitability within the group companies.
  • Lucid Genomics — Lucid Genomics is an AI-powered platform that focuses on diagnostics and biomarker detection. It offer comprehensive DNA analysis, that includes coding and non-coding mutation prioritization and interpretation.
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Entrée Capital
VC Fund · London, England, United Kingdom · 2 investments in Germany Medical Device startups

We are a team of former serial founders managing $1.5Bn across a number of funds, with offices in Tel Aviv, London, and New York. We back the next generation of category-defining companies with conviction of founders who have built companies themselves.We back founders with a partnership built on trust, fairness and real operating experience. Westand with founders through every challenge, and help them grow with clarity, resilience and purpose.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Israel, United Kingdom

Investor stats

  • Total investments: 278
  • Round size: Seed $1.5M–$15M; Series A $5M–$30M; Series B $14M–$60M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $300M in 2022

Portfolio highlights

  • Classiq Technologies — A software platform that helps users create scalable complex quantum computer algorithms, software, and circuits for any gate-based quantum computer
  • Identiq — Identiq's network members fight fraud and improve user experience by validating new users and vouching for ones they already know without sharing any personal user data at all.
  • IRP Systems — IRP Systems delivers high performance electric vehicle systems, EVVER e-powertrains and TrueDRIVE control software for fast integration.
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Lauder Partners
VC Fund · Atherton, California, United States · 2 investments in Germany Medical Device startups

Lauder Partners, LLC is an entity investing in various realms of the technology field. Lauder invest both directly in companies as well as in funds - both venture and others. Since it primarily invests the capital of Gary Lauder and family members, we don't provide much information to the public.

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Investment focus

  • Industry: Internet, Software, Information Technology
  • Stage:Series B, Series A
  • Geography: United States, United Kingdom, China

Investor stats

  • Total investments: 103
  • Round size: Series A $2.5M–$30M; Series B $9.4M–$55M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: May invest from a new fund soon — last raise in 1986

Portfolio highlights

  • Radia — Radia is building the world's largest aircraft, the WindRunner
  • Lassen Peak — PUBLIC SAFETY INNOVATION Threat detection for a safer world Once in a great while, the path of advanced technology unexpectedly joins the basic needs of society. Learn More https://www.lassenpeak.com/wp-content/uploads/2023/12/Globe3.m4v Linkedin Envelope
  • Hidden Level — Our mission is to provide actionable airspace monitoring data through our advanced sensor technology network.
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ES KAPITAL
VC Fund · 2 investments in Germany Medical Device startups

Kapitalbeteiligungsgesellschaft der Kreissparkasse Esslingen-Nürtingen mbH

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Investment focus

  • Industry: Software, Artificial Intelligence, EdTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany

Investor stats

  • Total investments: 10
  • Round size: Seed $348k–$4.6M; Series A $10M–$30M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • cabuu — Memorizing basic concepts and terms is foundational for engaging deeply with more complex ideas and for solving problems. Current Study Platforms provide vast amounts of user & AI generated content but often leave users alone with how to get it in their heads. cabuu is the 21st century memorization app that is optimized for internalizingconcepts of different topics (vocabulary, geography, engineering, ...) for all learner groups. We use cutting-edge scientific methods and AI to assemble a personalized learning path with curated interactive graphics & animations to enable all learners to memorize what they need as quickly and easily as possible.
  • MeMi Textiles — Memi Textiles develops washable absorbent materials using its TSAcore technology for textile-based hygiene and care products.
  • Maple Aviation — Maple Aviation delivers medical cargo autonomously. Fully certified, emission-free, and designed for the highest safety standards.
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BayBG Venture Capital
VC Fund · München, Bayern, Germany · 2 investments in Germany Medical Device startups

Innovative post-revenue startups with first customers trust us as highly reliable investors. We have been an active player in the venture capital market for over 25 years. Due to our evergreen approach, we offer institutional venture capital without the limitations of the usual fund structure. Predominantly we invest straight equity. Additionally,we can offer venture debt to mature startups close to break-even in order to avoid further dilution for founders. Being a private investment company we act as both lead investor or co-investor. We can also fulfill the private lead investor role for public investors like Bayern Kapital. Together we are increasing YOUR company's value.

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Investment focus

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

Investor stats

  • Total investments: 118
  • Round size: Series A $1.2M–$6.4M; Series B $732k–$21M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • CONXAI — AI that understands construction
  • SPiNE — SPiNE is a startup that provides safe, clean, and inexpensive energy to all end users. It is focused on smart meter rollout and, as a result, digitalization in metering and control of charging infrastructure, heat pumps, and battery storage.
  • TalentRocket — Talent Rocket is a job search engine that enables its users to find jobs with a suitable work environment for them. Job seekers can select their preferred company culture, follow their favorite companies, and start career conversations with employers. Talent Rocket was founded in 2014 and is based in London, United Kingdom.
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American RENOLIT Corporation
VC Fund · Swedesboro, New Jersey, United States · 2 investments in Germany Medical Device startups

With decorative, high-quality and sustainable plastic products, we create clear added value for our customers and improve the quality of life.

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Investment focus

  • Industry: Health Care, Medical Device, 3D Printing
  • Stage:Series A
  • Geography: Germany

Investor stats

  • Total investments: 2
  • Round size: Series A $4M–$6M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Kumovis — The EXT 220 MED, formerly the Kumovis R1, is the only extrusion platform that features an integrated clean room and is validated by leading medical device manufacturers and hospitals worldwide.
  • Inovedis — The SINEFIX Implant System is an easy-to-learn solution aimed at simplifying rotator cuff repair procedures and improving patient outcomes.
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Wellington Partners
VC Fund · Munich, Bayern, Germany · 2 investments in Germany Medical Device startups, 7 in the past 12 months

Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.

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Investment focus

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

Investor stats

  • Total investments: 185
  • Lead/follow: no public data

Portfolio highlights

  • Aignostics — Aignostics is an AI-powered precision diagnostics focused on pathology to assist with drug development and clinical research. Its “explainable” AI overcomes the “black-box” limitations of conventional AI. Based on their patented technology for reverse-engineering the black box, they render diagnostic results explainable in the form of preciseheatmaps and image overlays. These heatmaps allow pathologists to quickly verify the results of the AI, which is crucial, as the pathologist is ultimately responsible for the diagnosis.The company was founded in 2018 and is headquartered in Berlin, Germany.
  • Sphingotec GmbH — Improving patient outcomes with innovative diagnostics for critical care: Actionable insights in real-time
  • CorFlow Therapeutics — CorFlow Therapeutics is a medtech startup that develops proprietary technologies for diagnosis and treatment of microvascular obstructions in heart attack patients. The CorFlow technologies enable interventional cardiologists to diagnose and treat MVO in severe heart attack patients thereby potentially reducing the short- and long-term complicationrates in these patients.
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DocCheck Guano AG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 2 investments in Germany Medical Device startups

Birds of a feather flock together? Not our style! We promote healthcare startups who believe in their vision and want to be a success at it. DocCheck Guano is a hatchery for precocial birds aiming to land in the market. We provide the ideal fertiliser for startups: capital, know-how, market access and network. Oh, and our focus is on seed funding.

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Investment focus

  • Industry: Health Care, Medical, Mobile Apps
  • Stage:Seed, Pre-Seed
  • Geography: Germany, Spain, The Netherlands

Investor stats

  • Total investments: 8
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Amparo — We empower amputees so they can live life to the full. Amparo is a developer, manufacturer and distributor of prosthetic components. It developed the Confidence Socket, which is the interface between the patient's residual limb and the prosthetic leg itself. 1) The fitting process is as fast as 1h time; 2) The material can be remolded 10times, saving huge costs of health providers; and 3) All tools fit into a sports bag. making it possible to service amputee anywhere in the world.
  • medflex — Entdecken Sie medflex: Automatisierte Patientenkommunikation mit unserem KI-Teammitglied. Jetzt mehr erfahren!
  • Mammoth Hunters — Mammoth Hunters is a 360° wellness solution offering accessible functional training, natural nutrition and lifestyle advice packaged as a mobile/web based SaaS. The founders come from a scientific background and use discoveries in human physiology and evolution to create personalized fitness journeys. The program is designed toeliminate all barriers that prevent people from leading a healthy lifestyle - lack of time, knowledge and motivation. The company employs 12+ people in Barcelona Spain and has key partnerships with fitness experts, healthcare companies, and sports technology companies.
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Seventure Partners
VC Fund · Paris, Ile-de-France, France · 2 investments in Germany 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: 274
  • Round size: Seed $1.1M–$4.7M; Series A $3.2M–$28M; Series B $3.4M–$63M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Ekstere — Ekstere facilitates selling and purchasing verified-quality used bicycles at a reasonable price.
  • Presto Engineering — We enable companies imagine and implement microelectronics solutions in high-value markets such as Industrial, Automotive, Communication and Medical.
  • 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
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Eckenstein-Geigy-Stiftung
VC Fund · Basel, Basel-Stadt, Switzerland · 2 investments in Germany Medical Device startups

Eckenstein-Geigy-Stiftung is a Swiss investment firm owned by the Eckenstein family. It invests money in companies such as technological startups across Switzerland. Eckenstein-Geigy-Stiftung has a headquarters in Basel in Switzerland.

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Investment focus

  • Industry: Health Care, Medical, Software
  • Stage:Series A, Pre-Seed, Series B
  • Geography: Germany, Switzerland, Rwanda

Investor stats

  • Total investments: 8
  • Round size: Series A $2.2M–$4.4M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • b-rayZ — Optimize and streamline your breast imaging workflow with AI excellence and precision from b-rayZ. Your trusted partner in breast diagnostics.
  • Ampersand — Ampersand catalyzes and power mass-market electric mobility. By supplying the battery swap network and operating system the company makes sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug-and-playpowertrain and energy network.
  • leon nanodrugs — leon nanodrugs a specialised product development company dedicated to developing a pipeline of enhanced versions of existing drug products, and providing services to enable pre-clinical and clinical stage formulations for their clients NCEs or branded established drugs.leon-nanodrugs offers access to the next generation of nano-formulated drugswith meaningful differentiation and added patient benefits.They specialize in improving the bioavailability of poorly water soluble drugs by using leon’s proprietary MJR® Technology platform to create either polymeric or crystalline nanoparticles.
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M-Invest
VC Fund · Singen, Thuringen, Germany · 2 investments in Germany Medical Device startups

M- Invest GmbH, Singen, Germany, represents the holding company for the business shares and stakes held by the Meder family.

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Investment focus

  • Industry: Medical Device, Medical, Software
  • Stage:Series A, Series B
  • Geography: Germany

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • CorTec — CorTec is a clinical-stage neurotechnology company advancing its own therapeutic brain-computer interface and opening its implant technology to partners.
  • Capical GmbH — Capical is your partner for target-oriented, fast and sophisticated integration of monitoring solutions in your product. We work in the fields of research, development and productive applications for contact-free ECG measurement for more than 10 years. During that time, we have established Capical as the worldwide leader of the capacitive electrodetechnology.​Our offer covers all stages of the development process. With the target to provide innovative and successful products in collaboration with you, we support you from building first prototypes up till serial production. Your benefit is our extensive know-how and experience from projects in various industry sectors.​Capical has been awarded with the Fresenius Inventor Award, the IHK Technology Transfer Award and additional awards for its capability to transfer the capacitive technology in marketable products. It has been the first company worldwide which has medically approved an ECG-device based on capacitive electrodes and we are capable to defend your and our interests against competitors due to own important property rights.​Join us with our target to establish the capacitive ECG measurement in various market segments to improve the quality of life of elderly or ill persons as well as improve safety and comfort in the increasing segment of automated driving.
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SARSTEDT
VC Fund · Sevelen, Sankt Gallen, Switzerland · 2 investments in Germany Medical Device startups

Sarstedt, one of the world's leading providers of laboratory and medical equipment, develops, manufactures and sells equipment and consumables in the field of medicine and science.

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Investment focus

  • Industry: Medical Device, Wellness, Health Care
  • Stage:Series A, Seed, Convertible Note
  • Geography: Germany, Switzerland

Investor stats

  • Total investments: 4
  • Round size: Series A $6.1M–$6.4M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • faCellitate — faCellitate develops polymeric platforms that aim at supporting cancer and stem cell research, drug discovery, toxicology, and tissue engineering. The platform facilitates cellular interaction, significantly improving cell culture in biological research.
  • Loop Medical — Loop Medical is on a mission to develop an easy and painless blood collection technology making it accessible to all.
  • Smart4Diagnostics — Smart4Diagnostics is a manufacturer of a device for blood sample measurement.
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Asabys Partners
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Germany Medical Device startups

Fostering breakthrough innovation in healthcareAsabys is an investment firm based in Barcelona, investing in healthcare and life-sciences innovation. PORTFOLIO TEAM 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

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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: 40
  • Round size: Seed $1.3M–$17M; Series A $7M–$57M; Series B $18M–$135M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $117M in 2022

Portfolio highlights

  • iPremom — iPremom is a healthcare technology company that develops molecular diagnostic solutions for the early detection and prediction of pregnancy complications, particularly preeclampsia.
  • 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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YZR Capital
VC Fund · Munich, Bayern, Germany · 2 investments in Germany Medical Device startups, 7 in the past 12 months

We back ambitious HealthTech founders solving complex healthcare challenges. We provide capital, deep sector expertise, and hands-on support to build global champions.

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Investment focus

  • Industry: Health Care, Medical, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Poland, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Seed $2.6M–$5.5M; Pre-Seed $742k–$2.5M; Series A $10M–$52M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely still investing — raised $70M in 2022

Portfolio highlights

  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • dehaze — dehaze provides healthcare services by bringing medical AI models into clinical practice.
  • Scripta Therapeutics — Biology decoded, disease undone - modulating transcription factors to restore health
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Carma Fund
VC Fund · Munich, Bayern, Germany · 2 investments in Germany Medical Device startups

Carma Fund is an early-stage investment fund for advancing life science and healthcare technologies.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Round size: Seed $2.8M–$13M; Series A $4.4M–$12M; Series B $34M–$62M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Exciva — EXCIVA GmbH is a privately held biotech company focused on development of clinical stage therapeutics for various indications in neuropsychiatry.
  • Kupando — Kupando is a biopharmaceutical company that develops agonists to stimulates innate immunity.
  • TECregen — TECregen is a biotechnology company that develops thymus-rejuvenating biologics to restore immune function and T-cell responses.
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Norgine Ventures
VC Fund · Uxbridge, Hillingdon, United Kingdom · 2 investments in Germany 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
  • Geography: United Kingdom, France, The Netherlands

Investor stats

  • Total investments: 30
  • Round size: Debt Financing $2.6M–$21M; Venture - Series Unknown $2M–$13M
  • Lead/follow: 57% lead, 43% 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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Medical Device VC funding in Germany at a glance

Stats across 381 deals from 353 investors.

353
investors
in Germany Medical Device startups
381
deals
in Germany Medical Device startups
$3.5M
median round
in Germany Medical Device startups
44%
lead investors
lead at least one round
19%
Seed
most common funding stage

Access all 353 VC funds in Germany Medical Device startups.

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