The x-ray imaging equipment industry in Europe focuses on the development and manufacture of essential healthcare technologies, ranging from traditional x-ray machines to advanced imaging systems. Companies in this sector include manufacturers, software providers, and innovation firms specializing in enhancements such as AI and real-time imaging. Recent trends indicate growth driven by an increasing need for early disease detection, primarily in oncology and orthopedics. Additionally, the shift towards digital and portable imaging solutions is shaping a future where x-ray systems are more accessible and integrated within telemedicine, fostering better patient outcomes across the continent.


This article features a robust list of 12 investors deeply involved in the x-ray imaging equipment sector in Europe. They range from venture capital firms like Parkwalk Advisors, to public entities such as the European Investment Bank and others. Headquartered in cities like London, Paris, and Luxembourg, these investors vary widely in size, from small teams to larger organizations, and have collectively participated in over 400 deals in 2024. Founded between 1953 and 2015, these firms bring a wealth of experience influencing trends and technologies in medical imaging.


Top 12 X-Ray Imaging Equipment Investors in Europe


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation in diverse sectors. Notably, the EIC has been involved in funding transactions relevant to the x-ray imaging equipment context, such as grants to KinePict and QDI Systems, both of which are engaged in imaging technologies. These transactions highlight the EIC's role in supporting innovative companies that may contribute to advancements in medical imaging, including x-ray technologies.


2. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital investor based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through a range of services, including direct funding, export credit insurance, and private equity investments. The institution aims to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in significant transactions within the x-ray imaging equipment context, such as a post-IPO equity investment in Guerbet, which raised $962,006 in September 2022, and a post-IPO debt investment in SuperSonic Imagine, which raised $2,270,034 in December 2018. These transactions highlight Bpifrance's engagement with companies that are directly related to the x-ray imaging sector, reinforcing its relevance in this industry.


3. SBRI Healthcare

  • Website: sbrihealthcare.co.uk
  • Type: Corporate
  • Headquarters: Twickenham, England, United Kingdom (UK)
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: sbri-healthcare

SBRI Healthcare is a not-for-profit healthcare innovation program based in Twickenham, England, established in 2009. The organization provides funding and support to innovators and entrepreneurs who are addressing unmet health and care needs within the NHS and social care system. Their mission is to accelerate the development of innovative technologies and solutions that improve patient care and increase efficiencies in healthcare delivery. Notably, SBRI Healthcare has been involved in several transactions that are relevant to the x-ray imaging equipment context. For example, they provided multiple grants to Lightpoint Medical, a company focused on advanced imaging technologies, and to Qure.ai, which specializes in AI-driven solutions for cancer detection, potentially including x-ray imaging applications. These transactions highlight SBRI Healthcare's commitment to supporting innovations that could enhance diagnostic imaging capabilities in healthcare.


4. 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 (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses through tailored financial solutions and guidance. Notably, Almi has been involved in several transactions within the medical imaging sector, including a seed round investment in Profundus Imaging, which raised over $1 million in January 2021, indicating a focus on x-ray imaging technology. Additionally, their investment in Micropos Medical AB, which received SEK 4 million in funding, further highlights their engagement in the medical technology space. These transactions demonstrate Almi's commitment to supporting innovation in the x-ray imaging equipment industry.


5. Agoranov

  • Website: agoranov.com
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 42
  • LinkedIn: agoranov

Agoranov is a startup incubator based in Paris, Île-De-France, France, founded in 2000. They specialize in supporting early-stage technology and science startups through personalized assistance, fully equipped facilities, and acceleration programs. In 2024, Agoranov has made 42 investments, showcasing their active role in nurturing innovative companies. Among their notable transactions, they have invested in DAMAE Medical, which raised funds in 2014 and focuses on advanced imaging technologies, indicating their involvement in the medical imaging sector. Other relevant transactions include investments in companies like Iconeus, which also operates in the medical imaging space. While Agoranov supports a variety of sectors, their engagement with startups in the medical imaging field highlights their relevance to x-ray imaging equipment.


6. Enterprise Ireland


Enterprise Ireland is a public entity and the Irish government's enterprise development agency, founded in 1998 and based in Dublin, Ireland. The agency supports Irish businesses at all stages of their growth journey by providing funding, advisory services, and market access assistance. They focus on helping companies scale and compete internationally across various industries, including technology and manufacturing. Notably, Enterprise Ireland has participated in several transactions relevant to the x-ray imaging equipment sector. For instance, they invested in xWave Technologies, which is developing a smart radiology referral platform, indicating their commitment to advancing medical technology. Additionally, they were involved in funding rounds for companies like LUMA Vision and SiriusXT, which, while not exclusively focused on x-ray imaging, operate within the broader medical device and health technology landscape. This involvement highlights their role in fostering innovation in sectors that intersect with x-ray imaging and radiology.


7. Scottish Enterprise


Scottish Enterprise is a public entity established in 1991, focused on economic development in Scotland. With a workforce of 1001-5000, it provides a range of services including funding, business development advice, and support for innovation and exports. The organization plays a crucial role in enhancing Scotland's economic landscape, particularly for businesses seeking to grow and improve their operations. In the context of medical technology, Scottish Enterprise has been involved in several relevant transactions, such as investing in Edinburgh Molecular Imaging, which raised over $6.5 million in Series A funding for imaging technologies. They also supported Blackford Analysis, a developer of software for the medical sector, through seed funding, indicating their commitment to advancing medical technologies that may include x-ray imaging applications. Their involvement in these transactions highlights their active role in the medical technology sector, making them a relevant investor in the x-ray imaging equipment industry.


8. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In recent years, the EIB has been active in the medical technology field, particularly in x-ray imaging and related technologies. For instance, they have made significant investments in Median Technologies, which raised over $39 million in post-IPO debt in 2019 and again in 2025, indicating a strong commitment to supporting imaging technology advancements. Additionally, the EIB provided $16 million in debt financing to NVision Imaging Technologies in 2024, further emphasizing their role in the imaging sector. Their financing agreement with eCential Robotics for €15 million to support research in neuro-musculo-skeletal surgery also highlights their engagement with innovative medical technologies. Overall, the EIB's investment activities reflect a strategic interest in the medical imaging sector, including x-ray imaging equipment.


9. Sofinnova Partners


Sofinnova Partners is a venture capital firm based in Paris, Île-De-France, France, founded in 1972. The firm specializes in life sciences investments, focusing on innovative healthcare startups through funding and strategic guidance, particularly in the biopharma and medtech sectors. Sofinnova has been actively involved in various investment strategies aimed at fostering scientific advancements and sustainability in healthcare. Notably, they have participated in multiple funding rounds for RefleXion Medical, a company that develops advanced cancer treatment technologies utilizing x-ray imaging systems. Their investments in RefleXion Medical include a Series A round in 2014, a Series B round in 2016, a Series C round in 2018, and a Series D round in 2020, showcasing their ongoing support for innovations in the x-ray imaging equipment space. Additionally, they have invested in Oxxius, a manufacturer of compact lasers, which may have applications in imaging technologies, further highlighting their engagement in relevant sectors.


10. Parkwalk Advisors


Parkwalk Advisors is a London-based venture capital investment management firm founded in 2009. They specialize in venture capital investments in university spin-outs and innovative technologies, managing various EIS funds aimed at capital appreciation and tax reliefs for investors. With a focus on high-growth companies, they have made significant investments in sectors such as AI, life sciences, and cleantech. Notably, Parkwalk Advisors has been involved in funding Brainomix, a company that develops AI-enabled imaging biomarkers for better treatment of diseases, including lung fibrosis and cancer. Their investment in Micrima, which raised over $3.4 million, also highlights their engagement in the imaging technology space. These transactions demonstrate Parkwalk's commitment to advancing healthcare technologies, particularly in imaging, making them a relevant player in the x-ray imaging equipment sector.


11. CDTI Innovación - Centro para el Desarrollo Tecnológico y la Innovación

  • Website: cdti.es
  • Type: Corporate
  • Headquarters: Madrid, Madrid, Spain
  • Founded year: 1977
  • Headcount: 201-500
  • Number of deals in 2024: 29
  • LinkedIn: cdti

CDTI Innovación - Centro para el Desarrollo Tecnológico y la Innovación is a public entity based in Madrid, Spain, founded in 1977. It plays a crucial role in promoting innovation and technological development by providing financial support and technological advice to Spanish companies engaged in research and development. In 2024, CDTI was involved in 29 investments, including notable transactions in the medical imaging sector. For instance, they participated in funding rounds for Oncovision, a company focused on imaging technologies, and Medlumics, which is developing medical devices relevant to imaging. These transactions highlight CDTI's engagement with companies that are directly related to x-ray imaging equipment, showcasing their commitment to supporting innovation in this area.


12. 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 private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in private equity, infrastructure, real estate, growth equity, and venture capital, serving institutional investors with expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the healthcare and imaging sectors, including the acquisition of I-MED Network Radiology in 2014 for approximately $500 million, which is a key player in the diagnostic imaging market. This acquisition highlights EQT's commitment to the x-ray imaging equipment industry. Additionally, EQT has been involved in other relevant transactions, such as the acquisition of Sirona Dental System, which, while primarily focused on dental imaging, demonstrates their interest in imaging technologies. Overall, EQT Group's strategic investments in companies related to imaging and diagnostics position them as a relevant investor in the x-ray imaging equipment sector.



X-Ray Imaging Equipment Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
SBRI HealthcareTwickenham, England, United Kingdom (UK)11-5020093
AlmiStockholm, Stockholm, Sweden201-50019947
AgoranovParis, Île-De-France, France11-50200042
Enterprise IrelandDublin, Dublin, Ireland501-1000199848
Scottish EnterpriseGlasgow, Scotland, United Kingdom (UK)1001-5000199155
European Investment Bank (EIB)Luxembourg1001-5000195899
Sofinnova PartnersParis, Île-De-France, France51-200197225
Parkwalk AdvisorsLondon, England, United Kingdom (UK)11-50200917
CDTI Innovación - Centro para el Desarrollo Tecnológico y la InnovaciónMadrid, Madrid, Spain201-500197729
EQT GroupStockholm, Stockholm, Sweden1001-5000199430


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