The vision insurance industry in Benelux focuses on providing coverage for eye care services and vision-related treatments. Several companies operate within this sector, ranging from traditional insurers to innovative tech-driven startups, offering both comprehensive policies and specialized solutions. There is a growing trend toward digitalization, with telemedicine and online consultation services gaining traction. Additionally, heightened awareness about eye health, driven by an aging population, is shaping demand. As more firms prioritize customer-centered technologies and solutions, the industry is poised for significant growth, promising increased accessibility and tailored offerings in vision insurance.


The investment scene features a variety of players including private equity, venture capital, and corporate firms, headquartered mainly in Amsterdam and Luxembourg. Ranging from small teams to large organizations, these investors, founded between 1948 and 2020, showcase a commitment to the future with a collective 2024 deal count indicating an active interest. Noteworthy participants include CVC and Prosus, illustrating the dynamic landscape of vision insurance investments in this region.


Top 14 Vision Insurance Investors in Benelux


1. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant strides in the vision insurance context by acquiring Synsam Nordic, a leading optical retailer, in 2014, which highlights their commitment to the vision care industry. Additionally, their acquisition of Cunningham Lindsey, an insurance services company, further emphasizes their engagement in the broader insurance market, potentially including vision insurance. These transactions reflect CVC's strategic approach to investing in sectors that align with health and wellness, making them a relevant player in the vision insurance landscape.


2. 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 participated in funding rounds for Alan, a French startup that provides health insurance, raising significant amounts in Series D and E rounds. Additionally, Exor invested in Cover, a company that has raised funds in the insurance space. Furthermore, Exor's acquisition of PartnerRe for $6.9 billion highlights its commitment to the insurance industry, which may include vision insurance as part of its broader healthcare strategy.


3. 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, founded in 2019. The firm focuses on enhancing everyday life through technology across various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. Notably, Prosus Ventures has made significant investments in the insurance sector, including a $10 million investment in Azos, a Brazilian digital life insurance provider, aimed at improving technology and expanding access to financial protection education. Additionally, they invested £7.33 million in Collective Benefits, which supports insurance and benefits for independent workers, highlighting their commitment to worker wellbeing and social impact. These transactions illustrate Prosus's strategic interest in the insurance industry, particularly in innovative and technology-driven solutions.


4. DOB Equity

  • Website: dobequity.nl
  • Type: Private Equity
  • Headquarters: Veessen, Gelderland, Netherlands
  • Founded year: 1997
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: dob-foundation

DOB Equity is an impact investment fund based in Veessen, Gelderland, Netherlands, founded in 1997. The firm focuses on supporting innovative and scalable companies in Eastern Africa, aiming to create social impact while ensuring long-term profitability for its portfolio companies. They provide funding and expertise to help entrepreneurs navigate challenges and contribute positively to their communities. Notably, DOB Equity has invested in Eden Care Medical, a digital insurer in Rwanda that plans to offer free telemedicine services, which is a significant step in the vision insurance space. They have also invested in Zuri Health, a digital healthcare company, and Ilara Health, a healthtech startup in Kenya, both of which are working to improve healthcare access and services in the region. These transactions highlight DOB Equity's commitment to enhancing healthcare solutions, making them a relevant player in the vision insurance industry.


5. Forbion

  • Website: forbion.com
  • Type: Venture Capital
  • Headquarters: Naarden, North Holland, Netherlands
  • Founded year: 2006
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: forbion-capital-partners

Forbion is a venture capital firm founded in 2006, based in Naarden, North Holland, Netherlands, specializing in the life sciences and bioeconomy sectors. The firm provides investment management and support to biotech companies, helping them develop innovative therapies and technologies. Forbion collaborates with entrepreneurs and academic institutions to address unmet medical needs and improve patient outcomes. Notably, Forbion has been involved in several transactions relevant to vision health, including a significant investment in Oxular, which raised $37 million to fund Phase II clinical studies for diabetic macular edema treatment. This condition is critical in the vision insurance context, as it affects many patients and is a focus area for vision-related therapies. Additionally, Forbion's participation in funding rounds for companies like Complement Therapeutics, which is developing gene therapies for geographic atrophy, further underscores its commitment to advancing treatments that can impact vision health. These transactions highlight Forbion's active role in the vision insurance industry, despite its broader focus on life sciences.


6. NPM Capital

  • Website: npm-capital.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1948
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: npm-capital

NPM Capital is a private equity investment firm based in Amsterdam, Netherlands, founded in 1948. The firm specializes in supporting medium-sized and large family-owned enterprises in the Benelux region, providing both capital and strategic advisory services to foster growth and sustainability. NPM Capital operates across diverse sectors, including technology and education. Notably, they have been involved in transactions such as the acquisition of Optelec in 1992, a company focused on assistive technology for the visually impaired, which aligns with the vision insurance context. Additionally, they acquired Independer in 2007, a company that operates in the insurance sector, which may also have implications for vision insurance. Their approach emphasizes long-term partnerships with portfolio companies, indicating a commitment to nurturing their investments over time.


7. Qbic Fund | Venture Capital

  • Website: qbic.be
  • Type: Venture Capital
  • Headquarters: Ghent, Flanders, Belgium
  • Founded year: 2012
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: qbic

Qbic Fund | Venture Capital is a venture capital fund based in Ghent, Flanders, Belgium, founded in 2012. The fund specializes in seed and early-stage investments in innovative companies across various sectors, with a strong focus on creating impact by transforming technological breakthroughs into sustainable businesses. Qbic supports its portfolio companies throughout their growth, particularly in biotechnology and technology sectors. Notably, Qbic has invested in Morrow Optics, which raised funds in both 2016 and 2022, focusing on optical technologies relevant to vision care. Additionally, Qbic participated in funding rounds for EyeD Pharma, a company dedicated to developing ophthalmic products for eye conditions, which raised significant capital in 2019 and 2021. These transactions highlight Qbic's commitment to advancing the vision insurance industry through strategic investments in companies that are innovating in this space.


8. H2 Equity Partners

  • Website: h2ep.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1991
  • Headcount: 11-50
  • LinkedIn: h2-equity-partners

H2 Equity Partners is a private equity investment firm based in Amsterdam, Netherlands, founded in 1991. The firm specializes in private equity investments in mid-sized companies across various sectors, providing hands-on support and consulting services to help management teams achieve growth and operational improvements. Notably, H2 Equity Partners has been involved in significant transactions such as the acquisition of Optegra UK Ltd, which includes a network of eye clinics, indicating their active role in the vision care industry. This acquisition, completed in late 2020, highlights their commitment to investing in businesses that enhance eye health services. Additionally, they acquired Livit Orthopedie in 2003, further showcasing their diverse investment portfolio. Their expertise in enhancing business performance positions them as a valuable player in the vision insurance landscape.


9. NLC - The European Healthtech Venture Builder

  • Website: nlc.health
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: nlc-next-level-challenge

NLC - The European Healthtech Venture Builder, based in Amsterdam, is a corporate venture builder founded in 2014, specializing in healthcare innovation and medical technology solutions. They focus on developing startups that enhance healthcare delivery, particularly in neonatal care. One of their notable investments is in MindAffect, a Dutch healthtech startup that has developed a combined hearing and vision test for young children, as well as a glaucoma monitoring test for elderly patients. This investment highlights NLC's commitment to advancing vision health technologies. In 2024, NLC participated in a €1.1M Series A funding round for MindAffect, showcasing their active role in supporting innovative solutions that intersect with vision care. Additionally, they have invested in other healthtech startups, further solidifying their position as a key player in the healthcare innovation landscape.


10. Volta Ventures

  • Website: volta.ventures
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: volta-ventures

Volta Ventures is a venture capital firm based in Amsterdam, Netherlands, specializing in seed and early-stage investments in enterprise software startups within the Benelux region. Founded in 2014, the firm provides capital and strategic support to help startups grow in competitive markets. Volta Ventures has a particular focus on technology-driven companies, especially in sectors like FinTech and HealthTech. Notably, they have invested in Alicia Insurance, a Rotterdam-based insurance startup that raised €7 million in seed funding, indicating their engagement in the insurance space. Additionally, their investment in Spotr.ai, which has secured funding to expand its technology for the insurance industry, further highlights their relevance in this sector. These transactions demonstrate Volta Ventures' commitment to supporting innovative solutions within the insurance landscape.


11. Innovation Industries


Innovation Industries is a venture capital firm based in Amsterdam, North Holland, Netherlands, founded in 2017. The firm specializes in deep tech investments, providing capital and support to startups in sectors such as industrial tech, med tech, and food & agri tech. Their mission is to catalyze growth in technology companies that can transform industries, addressing the funding challenges faced by these businesses. Notably, they participated in a Series A financing round for Cassini Technologies, a company developing a diagnostic platform for premium refractive cataract surgery procedures. This investment highlights their interest in the vision care sector, particularly in technologies that can improve surgical outcomes and patient care in ophthalmology. Additionally, they have made other investments in various sectors, but their involvement with Cassini positions them as a potential player in the vision insurance landscape.


12. UNETI Ventures

  • Website: uneti-ventures.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: uneti-ventures

UNETI Ventures is a corporate investment firm based in Amsterdam, North Holland, Netherlands, founded in 2020. The firm specializes in collaborative investments across transformative sectors, including FinTech, GreenTech, and MedTech. UNETI Ventures provides investment management and consulting services to businesses aiming for strategic growth and innovation. Notably, they participated in a €3M funding round for Reyedar, a Dutch deeptech startup that utilizes deep learning and eye-tracking technologies for the early detection of age-related degenerative diseases, which is highly relevant to the vision insurance industry. Additionally, they invested in Koala, a travel insurtech startup, which, while not directly related to vision insurance, showcases their active role in the insurance sector. This diverse investment strategy positions UNETI Ventures as a versatile player in the investment landscape, with a notable interest in vision-related technologies.


13. Achmea Innovation Fund


Achmea Innovation Fund is a venture capital investment fund based in Duivendrecht, North Holland, Netherlands, founded in 2019. The fund is dedicated to supporting innovative startups and scale-ups across various sectors, including healthcare, mobility, and climate action. It provides access to capital, networking opportunities, and expert guidance to help these businesses grow and positively impact society. Notably, Achmea Innovation Fund has invested in Laka, a London-based InsurTech startup that specializes in insurance solutions for e-bike riders and cyclists in Europe, indicating their involvement in the insurance sector. Additionally, they participated in a €7 million seed funding round for Alicia Insurance, a Rotterdam-based insurance startup, further showcasing their commitment to the insurance industry. These transactions highlight Achmea Innovation Fund's active role in fostering innovation within the insurance landscape, particularly in areas that could intersect with vision insurance.


14. 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 investment company based in Brussels, Belgium, founded in 2001. It serves as an investment arm for the Flemish government, providing a variety of financing solutions such as loans and co-financing to startups, scale-ups, and established businesses across multiple sectors, including real estate, clean tech, and life sciences. PMV also offers consulting services to assist businesses in overcoming investment challenges and achieving sustainable growth. Notably, PMV has been involved in significant transactions in the vision-related sector, particularly with Morrow Optics, which raised funds in multiple rounds, including a Series A round in 2018 and 2020, and an undisclosed amount in 2022. These investments highlight PMV's engagement in the optics field, which is relevant to vision insurance. Additionally, PMV participated in funding rounds for Nobi, a company focused on health technology, further showcasing its commitment to sectors that intersect with health and vision care.



Vision Insurance Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
CvcLuxembourg1001-5000200516
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921
DOB EquityVeessen, Gelderland, Netherlands1-1019971
ForbionNaarden, North Holland, Netherlands11-50200623
NPM CapitalAmsterdam, North Holland, Netherlands11-5019481
Qbic Fund | Venture CapitalGhent, Flanders, Belgium1-1020125
H2 Equity PartnersAmsterdam, North Holland, Netherlands11-5019910
NLC - The European Healthtech Venture BuilderAmsterdam, North Holland, Netherlands51-20020146
Volta VenturesAmsterdam, North Holland, Netherlands11-5020144
Innovation IndustriesAmsterdam, North Holland, Netherlands11-50201710
UNETI VenturesAmsterdam, North Holland, Netherlands1-1020201
Achmea Innovation FundDuivendrecht, North Holland, Netherlands1-1020192
PmvBrussels, Brussels, Belgium51-200200111


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