The x-ray imaging equipment industry in Benelux is dedicated to developing advanced medical imaging technologies. It includes manufacturers, suppliers, and research firms that provide diagnostic and therapeutic x-ray systems. These companies are innovating equipment for various healthcare settings, including hospitals and clinics, responding to the growing need for precise imaging solutions. The industry's direction focuses on greater automation, integration with AI, and enhanced patient safety. Recent trends show a surge in telehealth and remote imaging services, driven by technological advancements and an increasing demand for efficient medical care.


The list features a variety of investors actively shaping the x-ray imaging equipment sector in Benelux. Covering corporate giants like EIB and EIC, to venture capital firms like Gilde Healthcare and PMV, these players range in size from small firms to large institutions. Established between 1980 and 2009, they have collectively engaged in numerous investments, with over 99 transactions recorded in 2024. Their involvement reflects a shared commitment to advancing innovative imaging solutions and supporting startups in this critical healthcare space.


Top 14 X-Ray Imaging 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. It offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in diverse sectors. Notably, the EIC has been involved in funding companies related to x-ray imaging equipment, such as QDI Systems, which raised both a venture round and a grant in 2025, and KinePict, which received grants in 2020. These transactions highlight the EIC's active role in supporting advancements in medical imaging technologies, making it a significant player in this field.


2. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides financial services such as loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In recent years, the EIB has been actively involved in financing companies within the medical technology sector, particularly those focused on imaging technologies. For instance, they provided significant debt financing to Median Technologies, which specializes in medical imaging solutions, and NVision Imaging Technologies, which also operates in the imaging space. Additionally, the EIB has supported eCential Robotics, a medtech company focused on neuro-musculo-skeletal surgery, indicating their broader commitment to advancing healthcare technologies. These transactions highlight the EIB's role as a key investor in the medical imaging field, including x-ray imaging equipment.


3. Life Sciences Partners (LSP)

  • Website: lspvc.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1987
  • Headcount: 11-50
  • Number of deals in 2024: 15
  • LinkedIn: lsp-bioventures

Life Sciences Partners (LSP) is a venture capital firm based in Amsterdam, Netherlands, founded in 1987. The firm specializes in private equity investments within the healthcare sector, connecting investors with innovative healthcare companies. LSP focuses on drug development and medical technology, aiming to foster advancements that address unmet medical needs. Notably, LSP has been involved in significant transactions in the medical imaging space, including leading a funding round for LUMA Vision, a company specializing in 4D cardiac imaging. This investment highlights LSP's commitment to supporting innovative imaging technologies, which may extend to x-ray imaging equipment as part of their broader healthcare investment strategy.


4. 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, Gilde Healthcare's RAD-x platform acquired IRD SA, a prominent diagnostic imaging provider, in January 2017, marking a significant step in their expansion within the European diagnostic imaging market. This acquisition highlights Gilde's strategic interest in the x-ray imaging equipment sector, alongside their broader healthcare investment portfolio.


5. Brabantse Ontwikkelings Maatschappij (BOM)


The Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM supports startups and scale-ups in the Brabant region through various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. They provide funding, expertise, and networking opportunities to facilitate success in competitive markets. Notably, BOM has participated in significant transactions in the medical technology field, such as their investment in SamanTree Medical, which raised $14 million in a Series B round in July 2024. SamanTree Medical is known for its patented Histolog™ system, which includes a histology scanner that aids in precise tumor removal, showcasing BOM's engagement in the medical imaging sector. Additionally, BOM has been involved with Hemics and Sirius Medical, further indicating their interest in companies that may intersect with x-ray imaging technologies.


6. 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, primarily targeting entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has invested in Oldelft Ultrasound, a medical diagnostic company, which aligns with the x-ray imaging equipment sector. They also participated in funding rounds for Precirix, a clinical-stage biotechnology company focused on precision radiopharmaceuticals, and Onera Health, which is developing a polysomnography system. These transactions highlight Gimv's active role in the healthcare and medical technology sectors, reinforcing their relevance to x-ray imaging equipment.


7. 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 recent years, Noshaq has been actively involved in the medical technology sector, making significant investments in companies like SamanTree Medical, which raised $14 million in Series B funding, and Radiomics, which secured €6 million for projects related to imaging AI solutions for lung cancer. These transactions highlight Noshaq's commitment to fostering growth and innovation in the medical imaging field, making them a relevant player in the x-ray imaging equipment industry.


8. 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 entity that acts as an investment company for the Flemish government, founded in 2001. PMV provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors such as real estate, clean tech, and life sciences. Notably, PMV has participated in funding rounds for companies like Exact Imaging, which raised $21.5 million in a Series C round, indicating PMV's involvement in the x-ray imaging equipment sector. Additionally, PMV has invested in Pulsify Medical, which is also relevant to medical technology, showcasing their commitment to supporting innovative healthcare solutions. PMV also offers consulting services to help businesses navigate investment challenges and achieve sustainable growth.


9. 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 private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC has made significant investments in the healthcare sector, including the acquisition of I-MED Network Radiology in 2006, which is directly related to radiology and imaging services. Additionally, their investment in Spectrum Medical Group in 2022, a medical device company, further emphasizes their commitment to the healthcare industry. These transactions highlight CVC's strategy of delivering sustainable value and growth through strategic investments in sectors that include medical imaging and related technologies.


10. 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 significant healthcare investments, including Kheiron Medical Technologies, which raised $22 million in a Series A funding round aimed at conducting large-scale clinical trials of its imaging technology. This involvement highlights Exor's interest in innovative healthcare solutions, including those related to x-ray imaging. Additionally, Exor has engaged in other healthcare-related investments, such as CorVent Medical, which, while primarily focused on respiratory devices, showcases Exor's broader commitment to the medical technology sector.


11. M Ventures

  • Website: m-ventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: merck-ventures

M Ventures is a venture capital fund based in Amsterdam, Netherlands, founded in 2009. The firm specializes in investing in transformative ideas within the biotechnology and technology sectors, particularly focusing on healthcare, life sciences, and advanced technology. M Ventures collaborates closely with entrepreneurs to drive innovation and growth in their portfolio companies. Notably, they participated in the funding of PxE Holographic Imaging, an Israeli startup that raised $5.4 million to develop advanced imaging technologies, which could be relevant to x-ray imaging applications. Additionally, their involvement in PictorLabs, which raised significant funding for product development, indicates their commitment to supporting innovative companies in the imaging and healthcare sectors. Their diverse portfolio reflects a strategic approach to fostering advancements in medical technology, including potential applications in x-ray imaging.


12. 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 Canberra Industries, a nuclear measurement subsidiary, and Hamilton Thorne, a company involved in advanced imaging technologies. Additionally, their investment in Echosens, which focuses on non-invasive liver disease diagnosis, highlights their commitment to healthcare innovation. These transactions reflect Astorg's strategy of partnering with entrepreneurs to create long-term value in the healthcare space.


13. imec.xpand

  • Website: imecxpand.com
  • Type: Venture Capital
  • Headquarters: Leuven, Flanders, Belgium
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: imec.xpand

imec.xpand is a venture capital fund based in Leuven, Flanders, Belgium, founded in 2017. The fund specializes in providing investment and operational support to early-stage deep tech companies, particularly in the semiconductor and nanotechnology sectors. imec.xpand leverages imec's expertise and infrastructure to help startups navigate their development and market challenges. Notably, imec.xpand has participated in several funding rounds for companies involved in imaging technologies. For instance, they invested in LUMA Vision, a company focused on 4D cardiac imaging, which raised $22 million in Series A3 financing in December 2023. They also supported Onera Health, which raised over €30 million in Series C funding in January 2024, and is involved in developing health monitoring systems that could intersect with x-ray imaging applications. These transactions highlight imec.xpand's engagement in the imaging sector, aligning with interests in x-ray imaging equipment.


14. Innovation Industries


Innovation Industries is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. The firm specializes in deep tech investments, focusing on 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, Innovation Industries has participated in several funding rounds for companies in the med tech space, including Microsure, a developer of micro-surgical robotics, and Onera Health, which is working on advanced medical devices. In 2024, they participated in a €30M Series C funding round for Onera Health, which aims to expedite the clearance of its polysomnography system, showcasing their commitment to supporting innovative medical technologies. Additionally, their earlier investments in Microsure highlight their interest in surgical robotics, which may intersect with imaging technologies used in surgical procedures.



X-Ray Imaging Equipment Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
Life Sciences Partners (LSP)Amsterdam, North Holland, Netherlands11-50198715
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
GimvAntwerp, Flanders, Belgium51-20019808
NoshaqBelgium11-50198511
PmvBrussels, Brussels, Belgium51-200200111
CvcLuxembourg1001-5000200516
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
M VenturesAmsterdam, North Holland, Netherlands11-50200918
AstorgLuxembourg51-20019988
imec.xpandLeuven, Flanders, Belgium1-1020175
Innovation IndustriesAmsterdam, North Holland, Netherlands11-50201710


Want to find more investors focusing on the x-ray imaging equipment industry?

If you want to find more investors that are active in the x-ray imaging equipmentindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!