The vision insurance industry in the DACH region focuses on providing comprehensive coverage for various eye care services, from routine screenings to advanced surgical procedures. Companies range from traditional insurers to digital startups, each offering innovative products that appeal to consumers seeking better access to vision care. As technology evolves, there's a growing emphasis on integrating telemedicine and online platforms within insurance offerings, making care more convenient. Beyond the basic policies, many firms are shifting toward personalized plans and preventative care, reflecting an industry keen to adapt to changing consumer demands and advance healthcare accessibility for all.


The investor landscape for vision insurance in DACH features a mix of venture capital firms, private equity groups, and corporate investors, each with unique goals. Headquartered in major cities, these investors range in size from small to corporate giants, with founding years that trace back to as early as the mid-20th century. In the past year, they collectively engaged in numerous deals, with firms such as Speedinvest and Allianz X each actively boosting the sector's growth through strategic investments focused on innovation and market disruption.


Top 15 Vision Insurance Investors in DACH


1. Allianz X

  • Website: allianzx.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 6
  • LinkedIn: allianzx

Allianz X is a venture capital firm based in Munich, Bavaria, Germany, founded in 2016. It specializes in investing in digital growth companies within the insurtech and fintech sectors, providing both strategic support and capital to help these companies scale their operations. Allianz X has been involved in several significant transactions, including the acquisition of a 66% stake in Jubilee Allianz General Insurance Limited in Kenya, which showcases their commitment to expanding their insurance footprint in emerging markets. Notably, Allianz X has also invested heavily in BIMA, a startup that provides microinsurance and healthcare services, raising substantial funds to enhance its offerings. This involvement in healthcare-related insurance positions Allianz X as a relevant player in the vision insurance space, as it indicates a focus on innovative insurance solutions that could include vision care.


2. Sictic

  • Website: sictic.ch
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2014
  • Headcount: 201-500
  • Number of deals in 2024: 77
  • LinkedIn: sictic

SICTIC is a not-for-profit organization based in Zurich, Switzerland, that connects smart money investors with innovative Swiss early-stage technology startups. Founded in 2014, SICTIC provides investment opportunities, networking events, and educational resources to facilitate the growth of startups and the investment community. Among their notable transactions, SICTIC has invested in PeriVision, a University of Bern spin-off focused on developing vision-related products, which raised between CHF 0.5 and 1 Million in a Seed Round. Additionally, SICTIC has been involved with CREAL, a company that has raised multiple rounds of funding, including Series A and Series B, and is known for its work in vision technology. These investments highlight SICTIC's commitment to supporting advancements in the vision insurance sector.


3. 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. Notably, Speedinvest has participated in significant transactions within the insurtech space, such as their investments in wefox, a Berlin-based digital insurer that has raised substantial funding across multiple rounds, and Luko, a French insurtech startup that raised €50 million in Series B funding. These investments highlight Speedinvest's engagement in the insurance industry, particularly in innovative digital insurance solutions, making them a relevant player in the vision insurance sector.


4. Partners Group

  • Website: partnersgroup.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 19
  • LinkedIn: partners-group

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and is recognized for its innovative investment strategies and commitment to sustainability. Notably, Partners Group has made significant strides in the vision insurance sector, highlighted by their acquisition of EyeCare Partners for $2.2 billion, an integrated optometry-ophthalmology platform that has shown remarkable growth. Additionally, their involvement in the insurance market is further evidenced by their acquisitions of Foundation Risk Partners and FRP, both of which are insurance brokers. These transactions reflect Partners Group's strategic focus on the insurance industry, including vision insurance, making them a relevant player in this space.


5. Alcon

  • Website: alcon.com
  • Type: Corporate
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 1945
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: alcon

Alcon is a leading eye care company based in Geneva, Switzerland, founded in 1945. The company specializes in innovative vision products and surgical solutions, offering a wide range of products including contact lenses, eye care solutions, and surgical instruments for treating eye diseases. Alcon's mission is to enhance the quality of life through improved vision, serving both patients and healthcare professionals globally. In recent years, Alcon has made significant acquisitions to bolster its position in the vision care market. Notable transactions include the acquisition of Ivantis for $475 million, which enhances their portfolio in glaucoma treatment, and Aerie Pharmaceuticals for $770 million, further expanding their reach in the pharmaceutical segment of eye care. Additionally, their acquisition of Tear Film Innovations aims to strengthen their offerings in the Dry Eye segment, a critical area for vision care. These strategic moves underscore Alcon's commitment to advancing eye care solutions, making them a relevant investor in the vision insurance industry.


6. Swiss Re

  • Website: swissre.com
  • Type: Corporate
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 1863
  • Headcount: 10001+
  • LinkedIn: swiss-re

Swiss Re Ltd, founded in 1863 and headquartered in Zurich, Switzerland, is a leading reinsurance company that provides a comprehensive range of insurance and risk management solutions to businesses worldwide. With a workforce of over 10,000 employees, Swiss Re operates in various sectors, including property and casualty reinsurance, life and health reinsurance, and corporate solutions. Notably, Swiss Re has been involved in several significant transactions that highlight its engagement in the insurance market. For instance, they participated in a $63 million Series B funding round for Getsafe, a digital insurance provider, which indicates their interest in innovative insurance solutions. Additionally, Swiss Re acquired a 23% stake in Paytm Insuretech, further demonstrating their commitment to enhancing insurance offerings in emerging markets. These transactions suggest that Swiss Re is not only a major player in the reinsurance space but also actively invests in companies that could potentially include vision insurance products in their portfolios.


7. 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 an investment and education company 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 entrepreneurship hubs. Seedstars collaborates with governments, investors, and development agencies to foster entrepreneurial ecosystems and drive social and economic development. Notably, Seedstars has invested in Eden Care Medical, a digital insurer in Rwanda that aims to provide free telemedicine services, which could significantly enhance healthcare access. Additionally, they participated in funding rounds for At-Home-Doc, a healthcare service provider, and Democrance, an insurance technology startup in the UAE, indicating their interest in the healthcare and insurance sectors, including potential applications in vision insurance.


8. Earlybird Venture Capital


Earlybird Venture Capital is a venture capital firm based in Germany, founded in 1997. The firm specializes in investing in European technology innovators, particularly in the digital health and deep tech sectors. They provide financial resources and strategic support to early-stage startups, helping them navigate growth challenges through funding and mentorship. Notably, Earlybird has been involved in several transactions relevant to the vision insurance context, including multiple funding rounds for Eyetronic Therapie, which raised significant capital in 2010, 2013, and 2015, focusing on eye care solutions. Additionally, their investment in ottonova, a digital health insurance provider, highlights their commitment to the health insurance sector, further solidifying their relevance in the vision insurance industry.


9. Munich Re

  • Website: munichre.com
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1880
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: munich-re

Munich Reinsurance Company, founded in 1880 and based in Munich, Bavaria, Germany, is a leading global insurance and reinsurance provider. With over 10,000 employees, the company specializes in a wide range of solutions, including property/casualty and life/health reinsurance. Munich Re is known for its innovative insurance products and consulting services, helping businesses manage risks effectively. In recent years, they have made strategic investments in the insurance technology space, such as their participation in Capitola, a digital marketplace for commercial insurance, which raised $15.6 million in Series A funding. This investment reflects Munich Re's commitment to enhancing risk management strategies through digital solutions. Additionally, their acquisition of HSB Group in 2008 for $742 million demonstrates their strategy to expand their insurance offerings. While their direct involvement in vision insurance is not evident, their broad insurance expertise and focus on digital innovation position them as a potential player in the vision insurance sector.


10. CommerzVentures

  • Website: commerzventures.com
  • Type: Venture Capital
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2014
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: commerzventures

CommerzVentures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2014. The firm specializes in investing in fintech startups and manages €550 million across three funds. CommerzVentures provides advisory services to help these startups grow in the competitive financial technology sector. Notably, they have invested in Getsafe, a digital insurance provider that raised significant funding in multiple rounds, including a $63 million Series B in 2021 and a $17 million Series A in 2019. Additionally, they participated in the Series B funding round for Hedvig, a Stockholm-based insurance startup that raised approximately €38.5 million in 2021. These transactions highlight CommerzVentures' active role in the insurance industry, particularly in innovative and technology-driven insurance solutions.


11. BlueOrchard Finance Ltd


BlueOrchard Finance Ltd is an investment management firm based in Zurich, Switzerland, specializing in impact investing. Founded in 2001, the firm offers a range of investment products aimed at generating social and environmental impact alongside financial returns. Their clientele includes institutional and private investors looking to align their investments with their values. BlueOrchard operates globally, focusing on emerging and frontier markets. Notably, they have been involved in significant transactions within the insurance sector, such as leading a $6.7 million Series A funding round for Probus Insurance, an online insurtech platform, which aims for geographic expansion. Additionally, they participated in a Series B funding round for Naked Insurance, raising over $37 million, further indicating their active role in the insurance industry. These investments highlight BlueOrchard's commitment to supporting innovative insurance solutions, which may encompass vision insurance.


12. Novartis

  • Website: novartis.com
  • Type: Corporate
  • Headquarters: Basel, Basel, Switzerland
  • Founded year: 1996
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: novartis

Novartis AG is a leading pharmaceutical company based in Basel, Switzerland, founded in 1996. The company specializes in developing and manufacturing innovative medicines aimed at addressing serious diseases across various therapeutic areas. Notably, Novartis has made significant investments in the vision care sector, including the acquisition of Alcon, a global leader in eye care, for $12.9 billion in 2010. In 2019, they further enhanced their ophthalmology portfolio by acquiring Xiidra, a treatment for dry eye disease, from Takeda Pharmaceutical for up to $5.3 billion. Additionally, Novartis acquired Encore Vision in 2022, which focused on a presbyopia drug, although this product was later abandoned. These transactions highlight Novartis's commitment to advancing eye health and improving patient outcomes in the vision care space.


13. LA ROCA Capital


LA ROCA Capital GmbH is a venture capital firm based in Hanover, Lower Saxony, Germany, specializing in the InsurTech sector. The firm provides seed and co-investment services to startups, helping them navigate the complexities of the insurance market. Their clientele includes innovative startups seeking financial backing and individuals or businesses in need of tailored insurance solutions. Notable transactions include their participation in the seed funding round for Embea, a company focused on embedded life insurance, which aims to empower digital platforms to enhance their earnings. Additionally, LA ROCA Capital has been involved in funding rounds for other insurance-related startups, such as OnlineVersicherung.de and Neodigital, indicating their active role in the insurance technology landscape.


14. 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 collaborate with a community of angel investors, enhancing their investment strategy and positioning them as a key player in the European venture capital landscape. Notably, b2venture has invested in ottonova, a digital health insurer, participating in multiple funding rounds including Series B, C, and D, which collectively raised significant capital for the company. Additionally, they have invested in Brille24, a company related to eyewear, further emphasizing their engagement in the vision insurance and health-related sectors. Their diverse portfolio reflects a commitment to supporting innovative solutions in the insurance industry.


15. 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, founded in 1996. It specializes in life sciences investments, focusing on providing funding and support to innovative biotechnology and biopharmaceutical companies. The fund aims to help these companies develop novel therapeutics and address unmet patient needs. Notably, the fund has been involved in significant transactions within the vision care sector, including investments in Oculis, which raised $91 million in Post-IPO Equity and previously closed a $57 million Series C financing. Additionally, ONL Therapeutics, which raised $65 million in Series D, is also a part of their investment portfolio, further emphasizing their engagement in the vision insurance context. These transactions highlight the fund's active role in supporting advancements in therapies that could benefit vision care.



Vision Insurance Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Allianz XMunich, Bavaria, Germany11-5020166
SicticZurich, Zurich, Switzerland201-500201477
SpeedinvestVienna, Vienna, Austria51-200201145
Partners GroupBaar, Zug, Switzerland1001-5000199619
AlconGeneva, Geneva, Switzerland10001+19452
Swiss ReZurich, Zurich, Switzerland10001+18630
SeedstarsCarouge, Geneva, Switzerland201-50020126
Earlybird Venture CapitalGermany51-200199729
Munich ReMunich, Bavaria, Germany10001+18802
CommerzVenturesFrankfurt, Hesse, Germany1-1020146
BlueOrchard Finance LtdZurich, Zurich, Switzerland51-200200115
NovartisBasel, Basel, Switzerland10001+19967
LA ROCA CapitalHanover, Lower Saxony, Germany11-501
b2ventureSt. Gallen, St. Gallen, Switzerland11-50200015
Novartis Venture FundBasel, Basel, Switzerland11-50199610


Want to find more investors focusing on the vision insurance industry?

If you want to find more investors that are active in the vision insuranceindustry, 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!