The equine veterinary services industry in the Nordics focuses on the health and well-being of horses through specialized medical practitioners and facilities. Companies in this sector provide critical services, including preventative care, diagnostics, surgery, and rehabilitation. As more horse owners prioritize their animals' health, clinics and veterinary startups are increasingly adopting technology to enhance service delivery. This trend toward innovation is evident in mobile applications for owners and telemedicine for remote care. Additionally, the industry is witnessing a growing emphasis on nutrition and wellness products, aligning with broader animal health trends across Europe.


Comprising a mix of private equity, venture capital, and corporate investors, the list showcases 12 key players in the Nordic equine veterinary space. Based across Stockholm and København, these firms vary in size from small teams to thousands of employees. Most were founded in the 1990s or later, reflecting a modern approach. In the past year, investor activity was significant, with EQT Group leading the charge with 30 investments. This dynamic environment indicates robust interest in companies supporting equine health and services.


Top 12 Equine Veterinary Services Investors in the Nordics


1. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in a diverse range of investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT Group serves institutional investors by providing expertise in managing varied investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the veterinary services industry, including a substantial investment in IVC Evidensia, Europe's largest veterinary care provider, and a majority stake acquisition in Evidensia Djursjukvård, the Nordic market leader in veterinary services. Additionally, EQT acquired VetPartners for $1.4 billion and Independent Vetcare, the third largest veterinary services provider in the UK. These transactions highlight EQT's active role in the veterinary sector, making it a relevant player in the equine veterinary services market.


2. Swedencare

  • Website: swedencare.com
  • Type: Corporate
  • Headquarters: Malmo, Skåne, Sweden
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: swedencare

Swedencare is a corporate investor based in Malmo, Skåne, Sweden, specializing in pet health products. Founded in 2000, the company offers a range of dietary supplements aimed at improving the health of dogs, cats, and horses, addressing various health issues such as dental care and anxiety. Swedencare operates an online store for direct consumer sales. Notably, they have made several strategic acquisitions to bolster their presence in the animal healthcare sector. In 2016, they acquired Ecuphar Ltd, which is significant as it enhances their product offerings in the equine segment and provides a production facility in Ireland along with a distribution network across Europe, Canada, UAE, and China. Other acquisitions, such as Nutravet and NaturVet, further solidify their position in the broader animal healthcare market, indicating a strong commitment to expanding their portfolio in veterinary services, including those for equines.


3. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises. Almi aims to enhance the growth and competitiveness of these businesses through tailored financial solutions and guidance. Notably, Almi has invested in several companies within the equine sector, including PreVet, which raised $1,762,180 in a venture round, and HoofStep, a startup that secured SEK 4M ($480k) to develop a mobile application for horse owners. These transactions highlight Almi's engagement in the equine veterinary services industry, showcasing its commitment to supporting innovations that benefit horse owners and veterinary services.


4. Vimian Group

  • Website: vimian.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2021
  • Headcount: 1001-5000
  • LinkedIn: vimian-group

Vimian Group is an animal health company based in Stockholm, Sweden, founded in 2021. The company is dedicated to improving animal health through innovative diagnostics, treatments, and veterinary services, serving both veterinary professionals and pet owners. Vimian operates globally and has a diverse portfolio that includes segments such as Specialty Pharma and MedTech. Notable transactions include the acquisition of Bova Holdings Limited, a specialty pharmaceuticals company for companion animals, and Vertical Vet, LLC, which provides procurement and support services to veterinary clinics in the US. These acquisitions demonstrate Vimian's commitment to expanding its veterinary services segment, which could potentially include equine veterinary services in the future.


5. Nextmune


Nextmune is a corporate investor based in Stockholm, Sweden, founded in 2015. The company specializes in veterinary pharmaceuticals, particularly in allergy management, dermatology, and specialized nutrition for pets, including horses. Nextmune has made several strategic acquisitions to bolster its position in the veterinary market. Notably, they acquired Diavet to enhance their capabilities in veterinary allergy solutions, and Vetbiotek to expand their dermatology product portfolio. These transactions reflect their commitment to providing high-quality solutions for pet health issues, including those affecting equines, across more than 70 countries.


6. Nordic Capital

  • Website: nordiccapital.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1989
  • Headcount: 201-500
  • Number of deals in 2024: 10
  • LinkedIn: nordic-capital

Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, with a notable focus on healthcare and technology. Nordic Capital partners with management teams to drive growth and operational improvements in its portfolio companies, aiming to create long-term value and sustainability. Among their significant transactions, Nordic Capital acquired AniCura, a prominent veterinary service provider, in June 2014, which highlights their engagement in the veterinary sector. Additionally, they participated in funding rounds for United Veterinary Care and Equipe Zorgbedrijven, further demonstrating their interest in veterinary services. These transactions reflect Nordic Capital's strategy of investing in companies that can enhance their operational capabilities and market presence, particularly in the healthcare domain, which encompasses veterinary services.


7. Nalka

  • Website: nalka.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: nalka

Nalka is a private equity investment firm based in Stockholm, Sweden, founded in 2015. The firm specializes in developing independent companies within the Nordic and DACH regions, providing investment management and strategic support to small- and medium-sized businesses. Nalka emphasizes sustainable growth and responsible ownership in its investment approach. Notably, Nalka acquired HOOKS HASTSPORT on March 20, 2014, which operates in the equine sector, indicating their involvement in the equine industry. Additionally, they acquired Open Air Group on January 1, 2016, although this transaction is less relevant to equine veterinary services. Overall, Nalka's focus on sustainable growth and their investment in an equine-related company positions them as a potential investor in the equine veterinary services space.


8. Munters

  • Website: munters.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1955
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: munters

Munters is a corporate investor based in Stockholm, Sweden, specializing in climate control solutions that enhance productivity and sustainability across various sectors, including agriculture. Founded in 1955, Munters has established itself as a leader in energy-efficient products such as dehumidifiers and air cleaning systems. In 2015, they acquired Reventa, a German company that specializes in climate control systems for livestock buildings, which strengthens their position in the agricultural sector, particularly in the swine segment. This acquisition highlights their commitment to improving climate conditions in livestock management. Additionally, in 2024, Munters participated in a venture round for AgriWebb, a company that focuses on agricultural management software, further indicating their interest in agricultural technology. While their primary focus is not equine veterinary services, their involvement in livestock climate control and agricultural technology suggests a potential interest in related sectors, including equine services.


9. Creandum

  • Website: creandum.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: creandum

Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. The firm specializes in supporting early-stage entrepreneurs in building global, category-defining companies across various sectors, including fintech and health tech. Creandum provides venture capital investment, strategic support, and networking opportunities to startups, nurturing them from seed to IPO. Notably, Creandum has been involved in significant transactions within the veterinary services context, particularly with FirstVet, a Swedish online veterinary clinic. They participated in multiple funding rounds for FirstVet, including a Series A round in June 2018, a Series B round in November 2019, and a Series C round in November 2020, where FirstVet raised a total of approximately $35 million. This involvement highlights Creandum's interest in the veterinary services sector, indicating their potential relevance to equine veterinary services as well.


10. Accent Equity


Accent Equity is a private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in investments in private Nordic companies, focusing on enhancing the value of its portfolio through strategic management and investment. Accent Equity aims to create sustainable growth and superior returns for its clientele across various sectors. Notably, they acquired HOOKS HASTSPORT on February 22, 2011, which is a company involved in the equine industry. This transaction highlights their engagement in the equine veterinary services context, showcasing their capability and interest in this niche market.


11. byFounders

  • Website: byfounders.vc
  • Type: Venture Capital
  • Headquarters: København, Denmark
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 10
  • LinkedIn: byfounders

byFounders VC is a venture capital firm based in København, Denmark, founded in 2017. The firm specializes in investing in early-stage technology companies, focusing on supporting globally ambitious and impact-aware founders. They provide capital and access to a network of experienced operators to help startups navigate their growth challenges. Notably, byFounders has invested in Digitail, a company that raised $11 million in a Series A funding round and previously $2.5 million in a Seed round. Digitail's platform is designed to assist veterinarians in automating administrative tasks, showcasing byFounders' engagement in the veterinary services sector, particularly in technology that can benefit veterinary practices.


12. Priveq

  • Website: priveq.se
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1983
  • Headcount: 11-50
  • LinkedIn: priveq-investment

Priveq is an investment management and private equity firm based in Stockholm, Sweden, founded in 1983. The firm specializes in providing growth capital to companies across various sectors, with a history of investing in over 130 companies. Priveq focuses on helping growth-stage companies achieve their objectives through strategic guidance and financial support. Notably, in January 2022, Priveq acquired Equestrian Stockholm, a company involved in the equestrian sector, which highlights their engagement in the equine industry. This transaction reflects Priveq's commitment to expanding their portfolio in areas related to equestrian activities, making them a potential player in the equine veterinary services market.



Equine Veterinary Services Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
SwedencareMalmo, Skåne, Sweden11-5020001
AlmiStockholm, Stockholm, Sweden201-50019947
Vimian GroupStockholm, Stockholm, Sweden1001-500020210
NextmuneStockholm, Stockholm, Sweden51-20020151
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
NalkaStockholm, Stockholm, Sweden11-5020151
MuntersStockholm, Stockholm, Sweden1001-500019554
CreandumStockholm, Stockholm, Sweden11-50200317
Accent EquityStockholm, Stockholm, Sweden11-5019944
byFoundersKøbenhavn, Denmark1-10201710
PriveqStockholm, Stockholm, Sweden11-5019830


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