The rehabilitation fitness equipment industry in Benelux is a dynamic sector focused on developing products that enhance recovery and physical fitness. It includes companies that design, manufacture, and distribute specialized machines and tools used in rehabilitation centers, hospitals, and fitness facilities. By integrating technology into their offerings, these businesses aim to create smarter, more effective solutions tailored for patient care and injury recovery. With an increasing elderly population and rising awareness of health and wellness, the industry's growth is poised to accelerate. Expect more innovations as the sector leans towards wearable technologies and personalized rehabilitation programs.


In 2024, the investors featured in this list reflect a mix of corporate, venture capital, and private equity firms, headquartered in Belgium and the Netherlands. Companies span various sizes with employee counts ranging from small firms to larger enterprises. The investors' founding years vary from 1957 to 2010, highlighting a rich history of investment. Collectively, they participated in 215 deals in 2024, demonstrating a strong commitment to financing the rehabilitation fitness equipment industry, crucially supporting innovation and growth.


Top 13 Rehabilitation Fitness Equipment Investors in Benelux


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 multiple sectors. Among its notable transactions, the EIC has provided grants to companies such as Reactive Robotics, which specializes in robotic assistance for early mobilization of intensive care patients, and Ortho Baltic, which focuses on orthopedic solutions. These investments highlight the EIC's involvement in the rehabilitation and healthcare sectors, making it a relevant player in the rehabilitation fitness equipment industry.


2. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. The EIB's mission is to contribute to the integration, balanced development, and economic and social cohesion of the European Union. In recent years, the EIB has been involved in several notable transactions relevant to the rehabilitation fitness equipment sector. For instance, in April 2024, the EIB provided €25 million in financing to Wandercraft, a French medical robotics company, to develop their Personal Exoskeleton, which aims to enhance patient rehabilitation. Additionally, the EIB supported EGYM, a company focused on fitness equipment, with a debt financing round in December 2017. These investments highlight the EIB's commitment to promoting advancements in rehabilitation and fitness technologies.


3. Gilde Healthcare


Gilde Healthcare is a venture capital firm based in Utrecht, Netherlands, specializing in healthcare investments. Founded in 1982, the firm manages over €2.6 billion across two fund strategies: Venture & Growth and Private Equity. Gilde Healthcare focuses on innovative healthtech and therapeutics companies, as well as profitable lower mid-market healthcare providers in Europe. Notably, they have participated in significant funding rounds for companies like Mainstay Medical, which raised $125 million to commercialize the ReActiv8 system, a rehabilitation technology. Their investment in MicroTransponder, which raised $65 million, also highlights their commitment to advancing healthcare solutions that may intersect with rehabilitation. Overall, Gilde Healthcare's strategic support for companies in the healthtech space positions them as a relevant investor in the rehabilitation fitness equipment sector.


4. Cobepa

  • Website: cobepa.com
  • Type: Private Equity
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 1957
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: cobepa

Cobepa is a private equity investment company based in Brussels, Belgium, founded in 1957. It specializes in providing investment management and strategic support to enhance the growth and sustainability of its partner businesses. With a permanent capital base, Cobepa is able to invest across a diverse range of industries, including healthcare and industrial sectors. Notably, Cobepa has made significant investments in companies relevant to rehabilitation and fitness, such as Precision Orthopedics & Sports Medicine, which focuses on integrated orthopedic surgical care services. This investment highlights Cobepa's commitment to the healthcare sector, which often intersects with rehabilitation fitness equipment. Additionally, Cobepa has previously invested in Vegro, a company that may have relevance in the rehabilitation space, although specific details on its focus are less clear. Overall, Cobepa's strategic investments in healthcare-related companies position it as a potential player in the rehabilitation fitness equipment market.


5. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a venture capital firm based in Amsterdam, Netherlands, founded in 2009. It operates as a holding company with a diverse portfolio across various sectors, including automotive, healthcare, and media. Exor focuses on enhancing value through strategic investments and operational support. Notable transactions include investments in Philips, which raised significant funds in post-IPO equity rounds, indicating a strong presence in the healthcare sector. Additionally, Exor Ventures participated in a seed funding round for Sava, a company specializing in wearable biosensor technology, which aligns with rehabilitation and fitness applications. Other investments, such as in Fiit and Chipiron, suggest a broader interest in fitness and health-related technologies, although these may not be directly tied to rehabilitation fitness equipment.


6. DHG Communications Network BV

  • Website: dhgcomnet.nl
  • Type: Corporate
  • Headquarters: Hoogkarspel, North Holland, Netherlands
  • Founded year: 1999
  • Headcount: 1-10
  • LinkedIn: peak-capital-ii

DHG Communications Network B.V. is an investment firm based in Hoogkarspel, North Holland, Netherlands, founded in 1999. The firm specializes in providing venture capital and business consulting services to startups and entrepreneurs across various sectors. In recent years, DHG has made significant strides in the medical device industry, acquiring companies that enhance their portfolio in patient handling and rehabilitation solutions. Notably, they acquired Benmor Medical, a UK-based company focused on bariatric patient handling solutions, and Vendlet ApS, a Danish manufacturer of patient turning systems. These acquisitions align with DHG's strategy to support innovative businesses that contribute to improved patient care and rehabilitation, showcasing their commitment to the healthcare sector.


7. Waterland Private Equity


Waterland Private Equity Investments B.V. is a private equity firm founded in 1999, based in Bussum, North Holland, Netherlands. The firm specializes in growth equity investments and partners with ambitious entrepreneurs and management teams to support their growth strategies through strategic planning and operational assistance. Waterland focuses on various sectors, including healthcare and sustainability, and operates across Europe. Recently, Waterland acquired a majority stake in LifeFit Group, a German health and fitness platform, which is indicative of their commitment to the fitness industry. Following this, LifeFit Group has also expanded its portfolio by acquiring the FIT/One Group, further solidifying its presence in the fitness market. These transactions highlight Waterland's active role in the fitness sector, which is relevant to rehabilitation fitness equipment.


8. dsm-firmenich

  • Website: dsm-firmenich.com
  • Type: Venture Capital
  • Headquarters: Maastricht, Limburg, Netherlands
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: dsmfirmenich

dsm-firmenich is a for-profit venture capital firm based in Maastricht, Limburg, Netherlands, operating primarily in the nutrition, health, and beauty sectors. The firm has a significant presence in the investment landscape, with over 10,000 employees and a focus on innovative solutions that address sustainability challenges. Notably, dsm-firmenich has participated in key transactions relevant to the rehabilitation fitness equipment industry. They co-led a $23 million Series A round for Miach Orthopaedics, which is dedicated to developing the BEAR® Implant, a product aimed at improving recovery in orthopedic patients. Additionally, they led a $6.5 million Series A round for Momentous, a company focused on human performance, indicating their commitment to enhancing health and fitness outcomes. These investments highlight dsm-firmenich's strategic interest in the rehabilitation and fitness sectors, making them a relevant player in this space.


9. Vesalius Biocapital Arkiv


Vesalius Biocapital Partners Sàrl is a venture capital firm based in Woluwe-Saint-Pierre, Brussels, Belgium, founded in 2007. The firm specializes in providing funding and strategic support to innovative life science companies across Europe, focusing on therapeutics, medical devices, and diagnostics. Notably, Vesalius Biocapital has participated in several funding rounds for Sword Health, a virtual musculoskeletal care provider, which raised $25M in Series B funding in January 2021, $9M in Series A in February 2020, and $4.6M in a Seed round in April 2018. These investments highlight their interest in companies that are directly involved in rehabilitation and fitness solutions, showcasing their potential relevance in this sector.


10. Holland Capital

  • Website: hollandcapital.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1981
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: holland-venture

Holland Capital is a venture capital and private equity firm based in Amsterdam, Netherlands, founded in 1981. The firm specializes in providing growth financing and buy-out capital to small and medium-sized enterprises, particularly in the technology, healthcare, and agrifood sectors. With over 40 years of experience, Holland Capital actively supports its portfolio companies to achieve optimal growth. Recently, they acquired Lopital, a company recognized for its medical equipment and healthcare solutions, which enhances their footprint in the healthcare sector. Additionally, they participated in an equity financing round for U-Needle, which focuses on scaling production and expanding commercial activities globally. These transactions highlight Holland Capital's commitment to the healthcare industry, making them a potential investor in rehabilitation fitness equipment.


11. HPE Growth

  • Website: hpegrowth.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: hpe-growth-capital

HPE Growth is a venture capital firm based in Amsterdam, Netherlands, founded in 2010. The firm specializes in technology growth investments, focusing on equity and active support for fast-growing digital tech businesses across Europe. Their investment strategy encompasses various sectors, including SaaS, FinTech, Digital Health, and Climate Tech. Notably, HPE Growth has been involved in significant funding rounds for EGYM, a company that provides digital fitness solutions. They participated in EGYM's Series E round, raising $41 million in September 2021, and also took part in earlier rounds, including a $34 million venture round in January 2021 and a $45 million Series C in March 2016. These transactions highlight HPE Growth's commitment to supporting innovative companies in the fitness and rehabilitation space, making them a relevant player in this industry.


12. Endeit Capital


Endeit Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2006. The firm specializes in growth capital investments for European tech scale-ups, focusing on sectors such as AI, fintech, and climate tech. Endeit Capital provides strategic support and portfolio management to entrepreneurs, facilitating their growth through expertise and resources. Notably, Endeit Capital has invested in Virtuagym, a provider of fitness software platforms and mobile apps, which raised €6m in Series B funding in May 2018. This investment highlights their engagement in the fitness sector, which is relevant to rehabilitation fitness equipment. Additionally, they have been involved in other transactions, such as Contorion, but their investment in Virtuagym is particularly significant in the context of rehabilitation fitness.


13. Saffelberg Investments


Saffelberg Investments NV is a private equity and venture capital firm based in Gooik, Flanders, Belgium, founded in 2007. The firm specializes in long-term investments in fast-growing ventures, particularly in technology and life sciences. Saffelberg provides not only capital but also management expertise to help businesses achieve their growth potential. They have a diverse portfolio of investments, including a notable transaction with Virtuagym, a Dutch provider of cloud-based fitness software, which raised $2.3 million from Saffelberg in 2015. This funding was aimed at expanding Virtuagym's services in the health and fitness industry, highlighting Saffelberg's engagement in sectors that intersect with rehabilitation fitness. Additionally, they participated in a funding round for Hyloris Pharmaceuticals, further showcasing their investment strategy in health-related ventures.



Rehabilitation Fitness Equipment Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212
CobepaBrussels, Brussels, Belgium11-5019572
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
DHG Communications Network BVHoogkarspel, North Holland, Netherlands1-1019990
Waterland Private EquityBussum, North Holland, Netherlands201-50019997
dsm-firmenichMaastricht, Limburg, Netherlands10001+3
Vesalius Biocapital ArkivWoluwe-Saint-Pierre, Brussels, Belgium1-1020078
Holland CapitalAmsterdam, North Holland, Netherlands11-5019813
HPE GrowthAmsterdam, North Holland, Netherlands11-5020101
Endeit CapitalAmsterdam, North Holland, Netherlands11-5020061
Saffelberg InvestmentsGooik, Flanders, Belgium1-1020071


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