The medical courier industry in Benelux is vital for the efficient transport of medical goods, specimens, and pharmaceuticals. Companies in this sector, such as specialized logistics firms and tech-driven startups, ensure timely deliveries critical to patient care. As healthcare demands grow, particularly for temperature-sensitive and same-day delivery, the industry's focus is shifting toward automation, tracking technologies, and enhanced service integration. With an increasing emphasis on patient safety and regulatory compliance, the ongoing innovation promises a future where courier services are seamlessly entwined with healthcare providers' operations, paving the way for a more responsive medical logistics network.


In 2024, a range of investment entities shaped the medical courier sector in Benelux. The investors span venture capital and private equity firms, emphasizing healthcare and logistics. They are predominantly located in key cities like Amsterdam and Luxembourg, and vary in size from small teams of up to 10 employees to large firms exceeding 10,000 staff. Established between 1980 and 2021, these firms have collectively engaged in a notable volume of investments, reflecting their evolving strategies and commitment to support this critical industry.


Top 14 Medical Courier Investors in Benelux


1. 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 invests in innovative healthtech and therapeutics companies, as well as profitable lower mid-market healthcare providers in Europe. Notable transactions include the acquisition of Acti-Med in April 2021, which indicates their interest in healthcare service providers. Additionally, Gilde has been involved in multiple funding rounds for Vapotherm, a manufacturer of advanced respiratory care devices, raising significant capital across several series from 2014 to 2018. These investments reflect Gilde's commitment to supporting companies that enhance healthcare delivery, which could include medical courier services as part of the broader healthcare logistics ecosystem.


2. Prosus Group

  • Website: prosus.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: prosus-group

Prosus Group is a global technology investor and operator based in Amsterdam, Netherlands, focused on enhancing everyday life through technology. Founded in 2019, the firm has a diverse portfolio that spans various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. Notably, Prosus has made significant investments in the healthcare sector, particularly through its involvement with PharmEasy, which raised substantial funding in multiple rounds, including $216 million in 2024 and $500 million in 2021. These investments highlight Prosus's commitment to supporting innovative solutions in healthcare delivery, including medical courier services, thereby fostering community growth and sustainable business practices.


3. Sgh

  • Website: sghcapital.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: sghcapital

SGH Capital is a venture capital firm founded in 2015, based in Luxembourg, that specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. They provide capital and strategic support to innovative businesses primarily in the US and western Europe. Notably, SGH has been involved in several transactions relevant to the logistics and delivery space, such as their investment in Onfleet, which raised $2 million to enhance local delivery efficiency through a management solution. Additionally, they participated in funding for Zipline, a drone delivery startup that aims to expand its services globally, including medical deliveries. These investments highlight SGH's interest in innovative delivery solutions, which could intersect with the medical courier industry.


4. Triton Partners


Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential. Notably, Triton has made significant investments in the healthcare sector, including the acquisition of Bergman Clinics, where they acquired a 70% stake for over €1 billion. This acquisition aims to expand the clinics' geographical footprint and invest in technological innovation, which could be relevant for medical courier services that support healthcare providers. Additionally, Triton acquired MaskMedicar, further indicating their interest in healthcare-related businesses. Their approach of partnering with management teams to address challenges and drive growth positions them as a potentially valuable investor for companies in the medical courier industry.


5. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has been involved in several transactions relevant to the healthcare sector, such as their investments in Arseus Medical and Eurocept, both of which focus on medical products and services. Additionally, their €12.5M investment in Equipe Zorgbedrijven, a group of specialized clinics, highlights their commitment to enhancing healthcare services, which may include logistics and courier services for medical needs. These transactions demonstrate Gimv's active role in the healthcare landscape, making them a potential investor in the medical courier industry.


6. 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 holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. Notably, Exor has made significant investments in the healthcare sector, including a 45% stake acquisition in Lifenet Healthcare for €67 million, aimed at expanding their footprint in healthcare services. Additionally, they participated in the funding round for Norbert Health, a company specializing in contactless vital sign scanning, which highlights their interest in innovative healthcare solutions. These transactions demonstrate Exor's commitment to investing in the healthcare industry, making them a relevant player in the medical courier space.


7. Astorg

  • Website: astorg.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 1998
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: astorg

Astorg is a private equity firm based in Luxembourg, founded in 1998, specializing in investments in global B2B companies. With €22 billion in assets under management, Astorg provides capital, strategic guidance, and governance to management teams across various sectors, including healthcare, technology, and business services. Notable transactions include the acquisition of Nemera, a French drug-delivery systems manufacturer, for €1 billion, and the recent acquisition of Cook Medical's Reproductive Health Portfolio in 2024. Additionally, Astorg's investment in Groupe STACI, a leader in logistics services, highlights their involvement in the logistics sector, which is closely related to medical courier services. This diverse investment strategy positions Astorg as a significant player in the healthcare and logistics industries.


8. Eurofins

  • Website: eurofins.com
  • Type: Corporate
  • Headquarters: Luxembourg
  • Founded year: 1987
  • Headcount: 10001+
  • Number of deals in 2024: 8
  • LinkedIn: eurofins

Eurofins Scientific SE is a prominent laboratory testing company founded in 1987, headquartered in Luxembourg, with a workforce exceeding 10,000 employees. The company operates over 900 laboratories across 62 countries, providing a diverse range of analytical and testing services across various industries, including pharmaceuticals, food, and environmental sectors. Eurofins has made significant acquisitions to enhance its capabilities in the healthcare sector, such as the acquisition of Biomnis S.A., a specialty diagnostics services provider, which underscores their commitment to expanding their diagnostic services. Other notable acquisitions include Eurofins CDMO Alphora and Laboratório São Lucas Ltda., which further solidify their presence in the healthcare and diagnostics market. These transactions highlight Eurofins' strategic focus on enhancing its service offerings in the medical and diagnostic fields, which may necessitate the use of medical courier services for the transportation of samples and results.


9. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. The firm empowers early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities to help startups scale and succeed. Notably, Rockstart has made several investments in the healthcare sector, including SmartBridge Health, which focuses on improving healthcare delivery, and Saludtools, which offers digital health solutions. These transactions highlight Rockstart's engagement with startups that could intersect with medical courier services, indicating their potential interest in this area.


10. Noshaq

  • Website: noshaq.be
  • Type: Venture Capital
  • Headquarters: Belgium
  • Founded year: 1985
  • Headcount: 11-50
  • Number of deals in 2024: 11
  • LinkedIn: noshaq-be

Noshaq is a venture capital investment fund based in Belgium, founded in 1985, that provides financial solutions and strategic support to small and medium-sized enterprises (SMEs) in the province of Liege. The firm focuses on funding, project structuring, and business development, particularly in sectors such as biotech and sustainable development. In 2024, Noshaq was involved in several significant transactions, including a $14 million Series B investment in SamanTree Medical, which is relevant to the medical field. They also participated in a €12 million equity funding round for Intressa Vascular, a clinical-stage MedTech company, indicating their commitment to supporting healthcare innovations. Additionally, their involvement in the seed funding for Axithra, a spin-off from imec and Ghent University, further highlights their focus on medical technology and innovation. Through these investments, Noshaq aims to foster growth and innovation in the healthcare sector, making them a relevant player in the medical courier industry.


11. 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 across various sectors, including technology, healthcare, and agrifood. With over 40 years of experience, Holland Capital actively supports its portfolio companies to achieve optimal growth. Notably, they have made significant investments in the healthcare sector, including the acquisition of Lopital, which focuses on medical equipment and healthcare solutions, enhancing their presence in this field. Additionally, they have invested in U-Needle, which is scaling up production for medical applications, indicating their commitment to healthcare-related ventures. Other investments include Highcare and Humeca, which also align with their healthcare focus, although specific details on these transactions are less defined.


12. Pmv

  • Website: pmv.eu
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 11
  • LinkedIn: pmv-eu

Participatiemaatschappij Vlaanderen (PMV) is a public venture capital entity based in Brussels, Belgium, founded in 2001. It acts as an investment company for the Flemish government, providing a variety of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across multiple sectors, including life sciences. PMV has been involved in several notable transactions in the medical field, such as investing in Sequana Medical, which raised $9.84 million in Series D funding, and Exact Imaging, which secured $21.5 million in Series C funding with PMV's participation. Additionally, PMV has invested in Minze Health, which raised €3.9 million to scale its digital health solutions, and Pulsify Medical, which closed a significant funding round with PMV's involvement. These transactions highlight PMV's commitment to supporting innovative healthcare solutions, making it a relevant player in the medical courier investment landscape.


13. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux is a private equity firm based in Amsterdam, Netherlands, founded in 2021. It specializes in acquiring and managing companies in transition, providing operational support and consulting services to enhance profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has recently completed the acquisition of Alcura France, a company involved in healthcare logistics, which includes medical courier services. This acquisition aligns with their strategy of investing in companies that can benefit from turnaround management and operational improvements. Mutares has also been involved in other acquisitions, such as GDL and Frigoscandia Distribution, which, while not directly related to medical couriers, demonstrate their active investment strategy and capability to manage diverse portfolios.


14. Fagron

  • Website: fagron.com
  • Type: Corporate
  • Headquarters: Rotterdam, South Holland, Netherlands
  • Founded year: 1990
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: fagron

Fagron is a corporate investor based in Rotterdam, South Holland, Netherlands, founded in 1990. The company specializes in personalized medicine and compounding services, providing customized treatment solutions for healthcare professionals and patients. Fagron's innovative products, such as Pentravan® and SyrSpend®, enhance effective medication delivery. In recent years, Fagron has made several strategic acquisitions to expand its presence in the healthcare market. Notable transactions include the acquisition of AnazaoHealth Corporation, a leading sterile compounding pharmacy in the United States, which emphasizes their commitment to enhancing medication delivery systems. Additionally, the acquisition of CareFirst Specialty Pharmacy, which specializes in non-sterile medication, further strengthens their position in the North American market. These transactions highlight Fagron's focus on improving pharmaceutical services, which may necessitate partnerships with medical courier services for efficient distribution.



Medical Courier Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921
SghLuxembourg1-1020153
Triton PartnersLuxembourg201-50019976
GimvAntwerp, Flanders, Belgium51-20019808
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
AstorgLuxembourg51-20019988
EurofinsLuxembourg10001+19878
RockstartAmsterdam, North Holland, Netherlands11-50201116
NoshaqBelgium11-50198511
Holland CapitalAmsterdam, North Holland, Netherlands11-5019813
PmvBrussels, Brussels, Belgium51-200200111
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
FagronRotterdam, South Holland, Netherlands1001-500019901


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