Top 13 Health Information Technology Investors in the Nordics
Top 13 Health Information Technology Investors in the Nordics
The health information technology industry in the Nordics is vibrant and innovative. Companies in this sector focus on developing advanced digital tools that enhance healthcare delivery, patient management, and data analysis. Startups and established firms are creating solutions like telemedicine platforms, electronic health records, and AI-driven diagnostic tools. The industry is booming, driven by increasing demand for efficient healthcare services and digital transformation. Notable trends include the rise of health tech startups, particularly in Sweden and Denmark, and greater integration of artificial intelligence in healthcare processes. This region is quickly becoming a hub for health tech innovation, attracting attention from investors worldwide.
Investors in the Nordics' health information technology sector showcase a mix of venture capital, private equity, and corporate investors. Most firms are based in Sweden, with others from Denmark and Finland. They vary in size, with a significant count of investments made in 2024, reflecting a robust deal-making environment. Established since the late 1980s, these investors support startups through strategic funding, guiding them toward growth and innovation. Noteworthy participants like EQT Group and Nordic Capital highlight the ongoing commitment to healthcare advancements, demonstrating a growing focus on scalable solutions for modern healthcare challenges.
Top 13 Health Information Technology Investors in the Nordics
1. 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 by offering tailored financial solutions and guidance. Notably, Almi has invested in several health information technology companies, including Nordic Health Innovation, which raised $2,000,000 in 2015, and Gnosco, which raised $453,489 in 2018. Additionally, they have supported PainDrainer in multiple funding rounds, indicating a sustained interest in health tech innovations. These transactions highlight Almi's involvement in the health information technology sector, reinforcing their role as a relevant investor in this field.
2. Novo Holdings
- Website: novoholdings.dk
- Type: Venture Capital
- Headquarters: Hellerup, Denmark
- Founded year: 1999
- Headcount: 51-200
- Number of deals in 2024: 45
- LinkedIn: novo-a-s
Novo Holdings A/S is a not-for-profit investment firm based in Hellerup, Denmark, founded in 1999. It manages the assets of the Novo Nordisk Foundation and focuses on investing in life science companies at various stages of development. Novo Holdings provides capital and strategic support to enhance healthcare solutions. Notably, they have invested in several health information technology companies, including Qure AI, which raised $65 million in Series D funding to expand its AI-driven healthcare solutions, and iRhythm Technologies, which received $17 million to support its technology development. Additionally, they participated in a significant funding round for Tempus, raising $200 million to advance its data-driven healthcare initiatives. These transactions highlight Novo Holdings' commitment to fostering innovation in the health tech sector.
3. 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 investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by managing diverse investment portfolios across various sectors and geographies. In the health information technology space, EQT has made significant strides with notable transactions such as the acquisition of Press Ganey, a healthcare performance improvement company, and GeBBS Healthcare Solutions, which focuses on healthcare outsourcing and technology solutions. Additionally, their acquisition of Sagility, a company that provides healthcare services and technology, further emphasizes their commitment to investing in health information technology. These strategic investments highlight EQT's role in advancing healthcare through technology and performance improvement solutions.
4. Seed Capital Denmark
- Website: seedcapital.dk
- Type: Venture Capital
- Headquarters: Frederiksberg, Frederiksberg, Denmark
- Founded year: 2004
- Headcount: 1-10
- Number of deals in 2024: 5
- LinkedIn: seed-capital-denmark
Seed Capital Denmark is a venture capital firm based in Frederiksberg, Denmark, founded in 2004. The firm specializes in providing seed funding and advisory services to technology startups, with a focus on sectors such as SaaS and Fintech. However, they have also invested in health information technology companies, showcasing their versatility in the tech investment landscape. Notable transactions include OpenTeleHealth, which raised $1,522,078 in a venture round in 2015, and TeleSkin, which raised $851,130 in 2015. Additionally, they recently invested in Mesh Bio, which raised $3,500,000 in a Series A round in 2023. These investments highlight Seed Capital's commitment to supporting innovative solutions in the health tech space, alongside their broader technology focus.
5. Business Finland
- Website: businessfinland.fi
- Type: Corporate
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2018
- Headcount: 501-1000
- Number of deals in 2024: 26
- LinkedIn: business-finland
Business Finland is a public entity established to support Finnish companies in their growth and internationalization efforts. Founded in 2018, it offers funding, consulting services, and market opportunities to help businesses innovate and succeed in global markets. Business Finland plays a crucial role in promoting trade, tourism, and foreign investment in Finland. Notably, it has been involved in several transactions within the health information technology sector, including investments in Aiforia, which raised $1,699,391 in a seed round, and Nightingale Health, which secured $3,867,403 in a Series A round. Additionally, it participated in the funding of MedicubeX, which raised $1,078,053 in debt financing. These transactions highlight Business Finland's active role in supporting health tech innovations and startups, reinforcing its relevance in this industry.
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, emphasizing long-term value and sustainability. Among its significant transactions in the health information technology space, Nordic Capital led the acquisition of Inovalon Holdings, Inc., a leader in data analytics for healthcare, for approximately $7.3 billion. Additionally, they made a minority equity investment in RLDatix, a company providing healthcare governance, risk, and compliance solutions. These investments highlight Nordic Capital's commitment to advancing health information technology and supporting innovative solutions in the healthcare sector.
7. Visma
- Website: visma.com
- Type: Corporate
- Headquarters: Oslo, Oslo, Norway
- Founded year: 1996
- Headcount: 10001+
- Number of deals in 2024: 16
- LinkedIn: visma
Visma is a corporate investor based in Oslo, Norway, founded in 1996. It is a leading software company specializing in cloud-based solutions for accounting, payroll, invoicing, and HR, primarily serving small and medium businesses as well as public sector organizations. In recent years, Visma has expanded its footprint in the health information technology sector through strategic acquisitions. Notable transactions include the acquisition of Ecare, a specialist in healthcare IT, aimed at enhancing efficiency in the Dutch healthcare market; Medinet, a provider of scheduling solutions for healthcare organizations in Sweden; and ZilliZ, which focuses on electronic client files for small-scale care providers in the Netherlands. These acquisitions reflect Visma's commitment to improving healthcare services and its strategic focus on the health information technology industry.
8. Industrifonden
- Website: industrifonden.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1979
- Headcount: 11-50
- Number of deals in 2024: 9
- LinkedIn: industrifonden
Industrifonden is a venture capital fund based in Stockholm, Sweden, founded in 1979. The fund specializes in investing in early-stage companies across various sectors, including Deep Tech, Life Science, and Transformative Tech. Industrifonden provides not only financial support but also strategic guidance to help startups scale their innovative solutions. Notably, Industrifonden has invested in health information technology through its participation in funding rounds for companies like Trialbee, which focuses on patient matching and engagement in clinical trials, and NuvoAir, which develops digital care platforms for decentralized clinical trials. These investments highlight Industrifonden's active role in fostering advancements in health information technology, particularly in enhancing clinical trial processes and patient care.
9. Inventure
- Website: inventure.vc
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2005
- Headcount: 11-50
- Number of deals in 2024: 9
- LinkedIn: inventure
Inventure is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2005. The firm specializes in backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Inventure has been actively involved in the health information technology sector, with notable investments including Noona Healthcare, a digital health startup that raised €1.5 million in a seed round led by Inventure. This funding is aimed at enhancing their platform's global marketing and integrating advanced technologies like artificial intelligence and predictive analytics. Additionally, Inventure has invested in Livv Health, which raised over $1.5 million in a pre-seed round, further showcasing their commitment to health tech innovation. These transactions highlight Inventure's strategic focus on supporting health information technology initiatives alongside their broader investment portfolio.
10. EQT Ventures
- Website: eqtventures.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2015
- Headcount: 11-50
- Number of deals in 2024: 28
- LinkedIn: eqt-ventures
EQT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2015. The firm specializes in investing in early-stage tech startups, providing not only financial support but also operational assistance to entrepreneurs. EQT Ventures connects startups with a global network of industry experts and resources to foster growth and innovation. Notably, they have invested in health information technology companies such as Siilo, a secure collaboration app for healthcare professionals, and Min Doktor, a Swedish health tech company that facilitates doctor-patient communications and prescription services. Their investments in these companies, including a €22.6 million Series B round for Min Doktor and participation in funding rounds for Siilo, highlight their active role in the health tech sector.
11. Investinor
- Website: investinor.no
- Type: Venture Capital
- Headquarters: Trondheim, Trøndelag, Norway
- Founded year: 2008
- Headcount: 11-50
- Number of deals in 2024: 4
- LinkedIn: investinor
Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. It specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor collaborates with entrepreneurs and other investors, managing state interests in seed and venture funds. Notably, Investinor has made significant investments in the health information technology sector, including a NOK 20 million investment in Dignio, a Norwegian health technology company, during its Series A funding round. They also invested in Eyr, a Norwegian e-healthcare company, becoming its largest shareholder after contributing nearly half of the capital in a recent funding round. Additionally, they participated in funding rounds for Dele Health Tech and TELLU, further solidifying their presence in the health tech industry.
12. Chalmers Ventures
- Website: chalmersventures.com
- Type: Venture Capital
- Headquarters: Sweden
- Founded year: 2015
- Headcount: 11-50
- Number of deals in 2024: 26
- LinkedIn: chalmers-ventures
Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. The firm specializes in supporting researchers and entrepreneurs in commercializing their technology through various programs that provide business guidance, financing, and community networking. With a focus on deep tech innovations, Chalmers Ventures emphasizes active ownership and investment in startups to help them scale and succeed in the market. Notably, they have invested in health technology companies such as Mevia, which raised significant funding across multiple rounds, and Tummy Lab, which also secured venture funding. These transactions highlight Chalmers Ventures' involvement in the health information technology sector, showcasing their commitment to fostering innovation in this field.
13. HealthCap
- Website: healthcap.eu
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1996
- Headcount: 11-50
- Number of deals in 2024: 5
- LinkedIn: healthcap
HealthCap is a venture capital firm based in Stockholm, Sweden, founded in 1996. The firm specializes in the life sciences sector, focusing on innovative companies that are developing breakthrough therapies for diseases with high unmet medical needs. HealthCap has been actively involved in several significant transactions in the health information technology space. Notably, they led funding rounds for Doctrin, a medtech startup that has raised substantial amounts in Series A, B, and C rounds, focusing on expanding its health technology solutions and implementing artificial intelligence in its products. Additionally, HealthCap's investment in Elsa, which raised funds in a seed round, further highlights their commitment to supporting health tech innovations. Overall, HealthCap combines funding with expertise to help advance research and bring new health technology products to market.
Health Information Technology Insights: Key Investors in the Nordics
| Investor | Headquarter | Size | Founded | Deals 2024 |
|---|---|---|---|---|
| Almi | Stockholm, Stockholm, Sweden | 201-500 | 1994 | 7 |
| Novo Holdings | Hellerup, Denmark | 51-200 | 1999 | 45 |
| EQT Group | Stockholm, Stockholm, Sweden | 1001-5000 | 1994 | 30 |
| Seed Capital Denmark | Frederiksberg, Frederiksberg, Denmark | 1-10 | 2004 | 5 |
| Business Finland | Helsinki, Uusimaa, Finland | 501-1000 | 2018 | 26 |
| Nordic Capital | Stockholm, Stockholm, Sweden | 201-500 | 1989 | 10 |
| Visma | Oslo, Oslo, Norway | 10001+ | 1996 | 16 |
| Industrifonden | Stockholm, Stockholm, Sweden | 11-50 | 1979 | 9 |
| Inventure | Helsinki, Uusimaa, Finland | 11-50 | 2005 | 9 |
| EQT Ventures | Stockholm, Stockholm, Sweden | 11-50 | 2015 | 28 |
| Investinor | Trondheim, Trøndelag, Norway | 11-50 | 2008 | 4 |
| Chalmers Ventures | Sweden | 11-50 | 2015 | 26 |
| HealthCap | Stockholm, Stockholm, Sweden | 11-50 | 1996 | 5 |
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