Pharmacy benefit management (PBM) in Benelux plays a critical role in optimizing prescription drug therapies. Companies within this sector range from large integrated health service providers to specialized technology firms that streamline medication management and improve patient access to essential medications. The PBM industry is actively evolving, following trends such as value-based care and digital health innovations. These advancements aim to reduce costs and boost service efficiency. As healthcare systems address rising medication expenses, the focus is on aligning patient needs with effective drug management solutions, driving transformative changes throughout Benelux's healthcare sector.


The investment environment for pharmacy benefit management in Benelux is dynamic, featuring a mix of private equity, venture capital, and corporate investors. Synthesizing market insights is key for firms from major cities like Amsterdam and Luxembourg, specializing in health-related innovations. Ranging from small teams to large organizations, these investors participated in varying deal counts in 2024, which demonstrates a lively pursuit of opportunities in the healthcare segment. The array of corporate and venture capital investors reflects a firm commitment to supporting healthcare technology advancements and improving pharmacy management systems across the region.


Top 15 Pharmacy Benefit Management Investors in Benelux


1. Wolters Kluwer

  • Website: wolterskluwer.com
  • Type: Corporate
  • Headquarters: Alphen Aan Den Rijn, South Holland, Netherlands
  • Founded year: 1836
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: wolters-kluwer

Wolters Kluwer N.V. is a prominent information services company based in Alphen Aan Den Rijn, South Holland, Netherlands, founded in 1836. With over 10,000 employees, the company provides software solutions and services across various professional sectors, including healthcare, legal, tax, accounting, finance, and compliance. Wolters Kluwer Health, a division of the company, has made significant strides in the healthcare market through strategic acquisitions. Notably, they acquired Pharmacy OneSource, a leading SaaS provider in the hospital pharmacy market, in 2010, which enhances their offerings in pharmacy management. Additionally, their acquisition of UpToDate, an electronic clinical information resource, and Health Language, Inc., a medical terminology content vendor, further solidifies their position in the healthcare sector. These transactions reflect Wolters Kluwer's commitment to providing comprehensive solutions that support healthcare professionals in navigating complex challenges, including those related to pharmacy benefit management.


2. Main Capital Partners

  • Website: main.nl
  • Type: Private Equity
  • Headquarters: The Hague, South Holland, Netherlands
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: main-capital-partners-bv

Main Capital Partners is a private equity investment firm based in The Hague, South Holland, Netherlands, founded in 2003. The firm specializes in enterprise software and provides strategic guidance and investment to software businesses across various sectors, including healthcare and finance. Notably, Main Capital has made several significant acquisitions in the healthcare sector, such as Enovation, a healthcare communication SaaS specialist, and UHB Consulting, which offers customized software solutions for healthcare. Additionally, their acquisition of The Patient Safety Co and the German therapist software provider buchner, which serves a large number of healthcare professionals, further emphasizes their commitment to investing in healthcare technology. These transactions highlight Main Capital's strategy to support growth and innovation in the healthcare software market, making them a relevant player in the pharmacy benefit management landscape.


3. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In 2024, EIB was involved in 99 investments, showcasing its active role in financing diverse initiatives. Notably, EIB has participated in transactions relevant to the pharmacy benefit management context, such as CompuGroup Medical, which raised over $202 million in debt financing, and Emzor Pharmaceutical Industries, which secured approximately $14 million in debt financing. These investments highlight EIB's engagement with companies that operate within the healthcare and pharmaceutical sectors, indicating its potential relevance to pharmacy benefit management.


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 invests in innovative healthtech and therapeutics companies, as well as profitable lower mid-market healthcare providers in Europe. Notably, they participated in a Series C funding round for Big Health, which raised $75 million to enhance its commercial reimbursement model and product platform, indicating a strategic interest in areas that could relate to pharmacy benefit management. Additionally, Gilde Healthcare acquired a majority stake in KLIFO A/S, a drug development consultancy, which may also align with healthcare service enhancements relevant to pharmacy benefits. Overall, Gilde Healthcare's focus on healthcare innovation and strategic investments in related sectors positions them as a potential player in the pharmacy benefit management landscape, albeit not exclusively focused on it.


5. 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. Notably, Prosus has made substantial investments in PharmEasy, a leading online pharmacy and healthcare platform, with funding rounds totaling over $1 billion in recent years. These investments highlight Prosus's commitment to the pharmacy sector and its potential role in pharmacy benefit management, as PharmEasy aims to streamline access to medications and healthcare services for consumers. Prosus partners with local entrepreneurs to foster community growth and sustainable business practices, further emphasizing its strategic approach to investing in impactful sectors.


6. 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®, focus on effective medication delivery. In recent years, Fagron has made several strategic acquisitions to strengthen its position in the pharmacy benefit management sector. Notably, they acquired AnazaoHealth Corporation, a leading sterile compounding pharmacy in the U.S., which enhances their capabilities in sterile medication compounding. Additionally, Fagron's acquisition of CareFirst Specialty Pharmacy in North America and Injeplast in Brazil further expands their reach in the pharmacy market, focusing on non-sterile medication and broadening their product portfolio. Other acquisitions, such as London Specialist Pharmacy and Letco Medical LLC, also reflect Fagron's commitment to enhancing their services in the pharmacy sector, making them a significant player in pharmacy benefit management.


7. 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 specializes in partnering 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. Notably, Gimv has been involved in several significant transactions in the healthcare sector, such as leading a €43.5 million Series A financing round for Breath Therapeutics, which is focused on developing therapies for respiratory diseases, and participating in a Series C round for TorreyPines Therapeutics, a company engaged in drug development. These investments highlight Gimv's commitment to supporting healthcare innovation, which is relevant to the pharmacy benefit management industry.


8. Sofina

  • Website: sofinagroup.com
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 1898
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: sofina

Sofina is a venture capital investment company based in Brussels, Belgium, founded in 1898. It specializes in providing patient capital to growing businesses across various sectors, including telecommunications, consumer goods, and energy. Sofina partners with entrepreneurs and family-owned businesses, offering strategic advice and long-term investment solutions to foster sustainable growth. In recent years, Sofina has made significant investments in the health tech sector, including a co-lead role in the $80 million Series C funding for Oviva, a U.K. startup focused on health management. Additionally, they participated in multiple funding rounds for Twin Health, a company leveraging machine learning to improve diabetes care, which is directly relevant to pharmacy benefit management. Their investment in Birdie, a company aiming to reinvent home health care, further demonstrates their interest in health-related technologies that can enhance patient care and management.


9. Verlinvest

  • Website: verlinvest.com
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 1995
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: verlinvest

Verlinvest is a venture capital investment firm based in Brussels, Belgium, founded in 1995. The firm specializes in high-growth consumer brands across various sectors, including food, beverage, health, and technology. Verlinvest provides long-term capital and strategic advisory services to help brands scale and innovate. Notably, they have invested in Genexa, a clean pharmaceutical company that raised $60 million in Series A funding, indicating their interest in the pharmaceutical sector. Additionally, they participated in the Series A funding round for Eka.Care, a healthcare technology company focused on digital health solutions. Verlinvest also led a funding round for Liva Healthcare, which is dedicated to digital chronic disease prevention and management. These transactions highlight Verlinvest's active role in the healthcare and pharmaceutical industries, particularly in areas relevant to pharmacy benefit management.


10. 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, partnering with management teams to address challenges and drive growth. Notably, Triton has made significant acquisitions in the healthcare sector, including Atnahs, a specialty pharmaceutical business, and Clinigen Group, a global pharmaceutical and services company. These transactions highlight Triton's strategic interest in the pharmaceutical industry, which is closely related to pharmacy benefit management, as they aim to enhance the operational capabilities and market reach of these companies.


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, with a strong focus on healthcare and life sciences. M Ventures collaborates closely with entrepreneurs to drive innovation and growth in their portfolio companies. Among their notable transactions, M Ventures participated in the Series B funding round for Medisafe, a company that provides end-to-end solutions for patients managing medications, which is directly relevant to pharmacy benefit management. Additionally, they led a Series A financing round for Sonde Health, an AI-enabled voice technology platform that aims to enhance health monitoring, further showcasing their commitment to advancing healthcare technologies. These investments highlight M Ventures' strategic focus on supporting companies that can impact medication management and healthcare delivery.


12. 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 technology-driven startups within the Benelux region. Founded in 2014, the firm has a strong focus on enterprise software, particularly in sectors like FinTech and HealthTech. Notable transactions include investments in Cascador Health, a Belgian health tech startup that raised €3.4 million to support its European expansion, which may involve pharmacy benefit management solutions. Additionally, they have invested in LegionellaDossier, which, while not directly related to pharmacy benefit management, showcases their interest in health-related startups. Overall, Volta Ventures provides capital and strategic support to help startups grow in competitive markets, particularly in the health technology space.


13. Capricorn Partners


Capricorn Partners is a venture capital investment management firm based in Leuven, Flanders, Belgium, founded in 1993. The firm specializes in venture capital, growth capital, and quoted equity funds, focusing on innovative companies across various sectors, including digital technologies, health, and clean technologies. Capricorn Partners aims to create both financial returns and strategic value for its clients, emphasizing responsible investing. Notable transactions include investments in Noona Healthcare, a digital health startup that leverages AI and predictive analytics to enhance healthcare delivery, and Bingli, which focuses on AI-powered medical consultations. These investments reflect Capricorn's commitment to advancing healthcare technologies that can improve clinical outcomes and operational efficiencies, aligning with the objectives of pharmacy benefit management.


14. 7GC & Co

  • Website: 7gc.co
  • Type: Corporate
  • Headquarters: Luxembourg
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: 7-global-capital

7GC & Co. is an investment management firm based in Luxembourg, founded in 2016, specializing in growth-stage internet businesses. The firm manages approximately $400 million in assets and focuses on facilitating access to European markets for US tech companies. Notably, 7GC & Co has participated in funding rounds for Capsule, a digital pharmacy, which raised $50 million in Series B funding in August 2018 and an additional $200 million in Series C funding in September 2019. These investments highlight 7GC & Co's engagement in the pharmacy sector, particularly in innovative digital solutions that could enhance pharmacy benefit management services.


15. LIAN Group

  • Website: liangroup.io
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: liangroup

LIAN Group is a private equity investment firm based in Luxembourg, founded in 2017. The firm specializes in building and funding successful companies across impactful industries, with a strong focus on rapidly expanding tech companies and SMEs in Europe. LIAN Group provides venture capital and private equity services, along with operational support through their Venture Studio, which helps startups achieve product-market fit and grow effectively. Notably, they participated in a significant Series D funding round for Alto Pharmacy, a digital pharmacy and drug delivery company, which raised over $350 million. This investment highlights LIAN Group's engagement in the pharmacy sector, particularly in innovative solutions that align with pharmacy benefit management.



Pharmacy Benefit Management Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Wolters KluwerAlphen Aan Den Rijn, South Holland, Netherlands10001+18364
Main Capital PartnersThe Hague, South Holland, Netherlands51-200200316
European Investment Bank (EIB)Luxembourg1001-5000195899
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921
FagronRotterdam, South Holland, Netherlands1001-500019901
GimvAntwerp, Flanders, Belgium51-20019808
SofinaBrussels, Brussels, Belgium51-20018984
VerlinvestBrussels, Brussels, Belgium11-5019955
Triton PartnersLuxembourg201-50019976
M VenturesAmsterdam, North Holland, Netherlands11-50200918
Volta VenturesAmsterdam, North Holland, Netherlands11-5020144
Capricorn PartnersLeuven, Flanders, Belgium11-5019935
7GC & CoLuxembourg1-1020162
LIAN GroupLuxembourg11-5020172


Want to find more investors focusing on the pharmacy benefit management industry?

If you want to find more investors that are active in the pharmacy benefit managementindustry, 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!