The online health products retailers industry in DACH is rapidly evolving, shaped by an increasing consumer focus on health and wellness. Companies in this sector range from startups selling nutritional supplements to established brands offering personal care products. Shifts towards e-commerce are enhancing accessibility, allowing consumers to conveniently purchase health-related items online. Notably, telehealth and digital monitoring tools are expected to gain traction, presenting new opportunities for innovative retailers. The industry not only caters to traditional health needs but also taps into ongoing trends in holistic wellness, organic products, and preventive care, promising steady growth in the coming years.


This list showcases a blend of venture capital and corporate investors active in the DACH region's online health products sector. They are predominantly headquartered in Austria, Germany, and Switzerland, with their company sizes ranging from small teams to large firms. Established between 1866 and 2012, these investors had a notable impact in 2024, making between 2 to 45 investments each. With a focus on early-stage startups and innovations, investment strategies reflect the growing demand for health services and products in the digital space.


Top 14 Online Health Products Retailers Investors in DACH


1. Nestlé

  • Website: nestle.com
  • Type: Corporate
  • Headquarters: Vevey, Vaud, Switzerland
  • Founded year: 1866
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: nestle-s-a-

Nestlé S.A. is a multinational food and beverage company based in Vevey, Vaud, Switzerland, founded in 1866. With over 10,000 employees, Nestlé offers a diverse range of products, including coffee, dairy, and pet care items, while maintaining a commitment to sustainability. In recent years, Nestlé has made significant strides in the health and wellness sector through strategic acquisitions. Notably, in 2021, Nestlé Health Science acquired Nuun Hydration, a leader in functional hydration, enhancing its portfolio of active lifestyle nutrition brands. Additionally, the acquisition of The Bountiful Company for $5.75 billion integrated a robust line of vitamins and supplements into Nestlé's health division. Other relevant transactions include the acquisition of Garden of Life, known for its organic and non-GMO products, and the planned acquisition of Solgar Italia Multinutrient, which focuses on health supplements. These transactions highlight Nestlé's active role in the online health products market, making it a relevant investor in this space.


2. HV Capital

  • Website: hvcapital.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. They have a diverse portfolio, including notable investments in the health tech sector, such as Wellster Healthtech Group, which raised over $41 million in a venture round in June 2021 and an undisclosed amount in a seed round in March 2020. These transactions highlight HV Capital's commitment to the online health products market, alongside their broader focus on digital innovation across various industries.


3. Calm/Storm

  • Website: calmstorm.vc
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 13
  • LinkedIn: calm-storm

Calm/Storm Ventures is a venture capital firm based in Vienna, Austria, founded in 2020. The firm specializes in early-stage investments in health tech startups, focusing on purpose-driven founders. Calm/Storm provides capital, support, and networking opportunities to help these companies succeed in the competitive health tech landscape. Their portfolio includes diverse teams addressing sensitive health issues. Notable transactions include Apriwell, which raised $3,395,970 in a seed round, and Hashiona, which secured €450,000 in pre-seed funding. Additionally, they invested in Everyman Health, which raised $2,720,225 in a seed round in 2024. These investments highlight their active role in the health tech sector, particularly in online health products.


4. SevenVentures

  • Website: sevenventures.de
  • Type: Corporate
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: 10262962

SevenVentures is a corporate investment firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2009. The firm specializes in media investments and partnerships with consumer-oriented startups, providing media-for-equity and media-for-revenue investments to enhance brand visibility through tailored advertising strategies. In recent years, SevenVentures has been involved in several notable transactions in the health sector, including investments in Wellster Healthtech Group, which raised significant funding in 2021, and Mybacs, a Swiss startup that completed a Series A funding round in 2023. These investments highlight SevenVentures' engagement with the online health products industry, showcasing their ability to support startups in this space.


5. TA Ventures

  • Website: taventures.vc
  • Type: Venture Capital
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: ta-ventures

TA Ventures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2010. The firm specializes in early-stage technology startups across various sectors, including HealthTech and FinTech. With a team size of 11-50, TA Ventures provides not only capital but also strategic support to help startups thrive in competitive markets. They have a global presence and actively work on building networks for their portfolio companies. Notably, TA Ventures has invested in several companies relevant to the online health products sector, such as nu3, which raised funds in 2013 and focuses on health and nutrition products. They also invested in Abiby and Liki24, both of which are involved in health-related services, further demonstrating their engagement in the health products industry.


6. IBB Ventures


IBB Ventures is a Berlin-based venture capital firm founded in 1997, specializing in early-stage financing for innovative startups. With a portfolio of over 270 startups, IBB Ventures provides not only funding but also expertise and resources to help businesses thrive in competitive markets. Among their notable transactions, they participated in the Series A funding for her1, a female wellness brand, and invested in The Female Company, a FemCare startup. These investments highlight their commitment to the health and wellness sector, particularly in online health products, showcasing their relevance in this industry.


7. b2venture

  • Website: b2venture.vc
  • Type: Venture Capital
  • Headquarters: St. Gallen, St. Gallen, Switzerland
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 15
  • LinkedIn: btovpartners

b2venture is a venture capital firm based in St. Gallen, Switzerland, founded in 2000. The firm specializes in early-stage investments in innovative startups across various sectors, providing financial backing and support to entrepreneurs. They have a collaborative approach, working with a community of angel investors to enhance their investment strategy. Notably, b2venture has been involved in significant transactions within the online health products sector, such as their participation in funding rounds for Foodspring, an online superfood seller, which raised €6 million in 2017. This investment highlights their commitment to the health and wellness market. Additionally, they have invested in other health-related startups like Everlab and gitti, further showcasing their active role in the online health products industry. With 15 investments in 2024 alone, b2venture is a key player in the European venture capital landscape, particularly in sectors that include health and wellness.


8. Acton Capital


Acton Capital is a Munich-based venture capital firm founded in 1999, specializing in investing in startups at the Series A stage and beyond. They focus on providing financial backing and strategic guidance to mission-driven teams across various sectors, including technology and eco-friendly consumer goods. Notably, Acton Capital has participated in significant transactions such as their investment in The Female Company, a German FemCare startup, which highlights their engagement in the health products sector. Additionally, they have a history of supporting companies like MyOptique Group, an online optical retailer, which showcases their interest in e-commerce and retail sectors. Their diverse investment strategy positions them as a potential player in the online health products market.


9. HBM Healthcare Investments AG


HBM Healthcare Investments AG is a venture capital firm based in Zug, Switzerland, founded in 2001. The firm specializes in the healthcare sector, managing a diversified portfolio of companies in human medicine, biotechnology, medical technology, and diagnostics. HBM Healthcare has been actively investing in growth opportunities within the rapidly evolving healthcare market. A notable investment includes their significant involvement with 1mg, a Gurugram-based digital health startup that has raised multiple rounds of funding, including $15 million in Series C and $70 million in Series D, among others. These investments highlight HBM's commitment to supporting online health products retailers and enhancing technology and services in the healthcare space.


10. Novartis Venture Fund

  • Website: nvfund.com
  • Type: Venture Capital
  • Headquarters: Basel, Basel, Switzerland
  • Founded year: 1996
  • Headcount: 11-50
  • Number of deals in 2024: 10

The Novartis Venture Fund is a venture capital firm based in Basel, Switzerland, specializing in life sciences investments. Founded in 1996, the fund focuses on providing funding and support to innovative biotechnology and biopharmaceutical companies, helping them develop novel therapeutics and address unmet patient needs. Notably, the fund has participated in significant transactions such as the Series A funding for Lemonaid Health, which is an online health service provider, indicating their interest in the online health products sector. Additionally, they have been involved in financing rounds for companies like ESCAPE Bio and Evolva, which, while primarily focused on biopharmaceuticals, reflect the fund's commitment to advancing healthcare solutions. Their diverse investment portfolio suggests a willingness to explore various facets of the health industry, including online health products.


11. Nestlé Health Science


Nestlé Health Science is a corporate investor based in Lausanne, Switzerland, specializing in health and nutrition. Founded in 2011, the company focuses on medical nutrition, active lifestyle nutrition, and pharmaceuticals, offering a diverse range of products aimed at improving health outcomes for various customer segments. Notably, Nestlé Health Science has made several strategic acquisitions to enhance its portfolio in the health and nutrition space. These include the acquisition of Persona, a personalized nutrition company, and Orgain, a plant-based nutrition company known for its clean, all-natural products. Additionally, they acquired Vital Proteins, which specializes in collagen-based products, and the core brands of The Bountiful Company, including Nature’s Bounty and Solgar. Their acquisition of Puravida, a Brazilian nutrition and lifestyle brand with a strong e-commerce presence, further emphasizes their commitment to the online health products market. Through these transactions, Nestlé Health Science demonstrates a clear focus on expanding its reach in the health and nutrition sector, particularly in online retail channels.


12. Project A

  • Website: project-a.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2012
  • Headcount: 51-200
  • Number of deals in 2024: 13
  • LinkedIn: project-a-ventures

Project A is a venture capital firm based in Berlin, Germany, founded in 2012. Specializing in early-stage tech investments, they provide operational support and consulting services to startups. With a focus on helping entrepreneurs scale their businesses, Project A has been involved in various funding rounds across different sectors. Notably, they have invested in health-related companies such as nu3, a German superfood e-commerce platform, and WindStar Medical GmbH, which focuses on medical solutions. Their investment in Pets Deli, a startup that offers health-focused products for pets, further highlights their engagement in the health products market. In 2024 alone, Project A has made 13 investments, showcasing their active role in supporting innovative startups, including those in the health sector.


13. Speedinvest

  • Website: speedinvest.com
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: speedinvest

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help these companies scale. Their investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. In the health sector, Speedinvest has made notable investments such as Bloom Diagnostics, which raised over $11 million in a Series B round, and 9amHealth, which secured $3.7 million in a Seed round. They also led a seed round for The Lowdown, a UK-based sexual and reproductive health platform, raising $2.5 million. These transactions highlight Speedinvest's commitment to supporting innovative health solutions, making them a relevant player in the online health products retailers industry.


14. Seedstars

  • Website: seedstars.com
  • Type: Venture Capital
  • Headquarters: Carouge, Geneva, Switzerland
  • Founded year: 2012
  • Headcount: 201-500
  • Number of deals in 2024: 6
  • LinkedIn: seedstars

Seedstars is a venture capital firm based in Carouge, Geneva, Switzerland, founded in 2012. The firm focuses on supporting startups and entrepreneurs in emerging markets through various programs, including acceleration and growth initiatives, investment readiness, and the operation of entrepreneurship hubs. Seedstars collaborates with governments, investors, and development agencies to foster entrepreneurial ecosystems and drive social and economic development. Notably, Seedstars has made significant investments in the online health sector, including a $750K seed funding round for MedEasy, an online pharmacy startup in Dhaka, aimed at expanding healthcare access in Bangladesh. Additionally, they have invested in CMED Health, further demonstrating their commitment to the online health products and services industry. These transactions highlight Seedstars' active role in the health tech space, making them a relevant investor in the online health products retailers category.



Online Health Products Retailers Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
NestléVevey, Vaud, Switzerland10001+18662
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
Calm/StormVienna, Vienna, Austria1-10202013
SevenVenturesFlensburg, Schleswig-Holstein, Germany11-5020093
TA VenturesFrankfurt, Hesse, Germany11-5020105
IBB VenturesBerlin, Berlin, Germany11-50199718
b2ventureSt. Gallen, St. Gallen, Switzerland11-50200015
Acton CapitalMunich, Bavaria, Germany11-5019993
HBM Healthcare Investments AGZug, Zug, Switzerland1001-500020018
Novartis Venture FundBasel, Basel, Switzerland11-50199610
Nestlé Health ScienceLausanne, Vaud, Switzerland10001+20112
Project ABerlin, Berlin, Germany51-200201213
SpeedinvestVienna, Vienna, Austria51-200201145
SeedstarsCarouge, Geneva, Switzerland201-50020126


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