The dietary supplement industry in Benelux thrives on innovation, with companies focusing on vitamins, minerals, herbal products, and functional foods. This sector is driven by rising health consciousness and an increasing demand for natural products among consumers. As awareness of wellness grows, brands are exploring cutting-edge solutions that cater to diverse dietary needs. The industry is seeing a surge in tech-driven startups that develop personalized nutrition products, enhancing consumer engagement and revolutionizing traditional approaches. Experts predict steady growth ahead, fueled by e-commerce expansion and heightened consumer focus on preventive health measures, signaling a promising future for this vibrant market.


The investors listed are a mix of venture capital firms, corporate entities, and private equity groups, predominantly headquartered in Luxembourg, Brussels, and Amsterdam. Ranging from small teams to large firms with thousands of employees, these investors, founded between 1765 and 2017, have collectively executed numerous deals in 2024. Their significant presence in the dietary supplement sector highlights a concentrated interest in health and nutritional solutions. With a focus on early-stage startups and established brands alike, these investors are paving the way for innovation and growth in the wellness space.


Top 16 Dietary Supplement Investors in Benelux


1. dsm-firmenich

  • Website: dsm-firmenich.com
  • Type: Venture Capital
  • Headquarters: Maastricht, Limburg, Netherlands
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: dsmfirmenich

dsm-firmenich is a for-profit company based in Maastricht, Limburg, Netherlands, operating primarily in the nutrition, health, and beauty sectors. The company offers a diverse range of products, including fragrances, nutritional supplements, and active pharmaceutical ingredients. As a venture capital investor, dsm-firmenich has been actively involved in funding innovative companies within the dietary supplement industry. Notable transactions include a Series A investment in Momentous, a human performance company, which raised $6.5 million to support new product launches and technology developments. Additionally, dsm-firmenich co-led a Series A investment in VitaminLab, aimed at expanding facilities and market activities. These investments highlight dsm-firmenich's commitment to enhancing product offerings in the dietary supplement market and addressing sustainability challenges within the industry.


2. 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. Founded in 1958, the EIC offers various funding programs, such as 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 multiple sectors. Among its notable transactions, the EIC has provided grants to companies like Vésale Pharma and S-Biomedic, the latter of which focuses on microbiome health, a key area in the dietary supplement market. These investments highlight the EIC's commitment to supporting innovative health-related ventures, making it a relevant player in the dietary supplement industry.


3. 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 leading private equity firm founded in 2005, based in Luxembourg, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. The firm specializes in private equity, credit, secondaries, and infrastructure investments. Notably, CVC has made significant strides in the dietary supplement sector, exemplified by their recent investment in Sunday Natural, a brand recognized for its premium vitamins, minerals, and supplements. This partnership aims to enhance the scaling and international reach of Sunday Natural, highlighting CVC's commitment to supporting growth in the dietary supplement industry. Additionally, CVC has a history of acquiring companies across various sectors, including health and wellness, which further underscores their strategic approach to investing in businesses that align with consumer health trends.


4. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg that provides financial services, including loans, equity investments, guarantees, and advisory services, to support sustainable projects across various sectors. Founded in 1958, the EIB aims to promote growth and job creation by funding initiatives from both public and private organizations. In recent years, the EIB has made significant investments in the biotech and nutrition sectors, which are relevant to dietary supplements. For instance, the EIB invested €30 million in Nuritas, an Irish biotech company focused on developing new therapeutics, marking its first investment in an Irish biotech firm. Additionally, the EIB provided a €40 million loan to Devenish Nutrition, an agri-technology company that focuses on optimized animal nutrition and food innovation. These transactions highlight the EIB's commitment to supporting innovation in health and nutrition, aligning with the interests of the dietary supplement industry.


5. PeakBridge


PeakBridge VC is a venture capital firm based in Luxembourg, founded in 2018, that specializes in FoodTech investments. The firm supports early-stage founders and businesses in the food industry by providing investment, consulting services, and access to a vast network of industry experts. Their focus is on innovative solutions that address significant challenges in the global food system, making them a key player in the FoodTech sector. Notably, PeakBridge has been involved in several relevant transactions, including iwi Life, which raised $10 million in Series A funding for its dietary supplement products, and Prenexus Health, which also focuses on health and dietary supplements. Additionally, they invested in CarobWay, which raised $8 million in Series A funding, further emphasizing their commitment to the health and nutrition space. These transactions highlight PeakBridge's active role in the dietary supplement industry.


6. Nutreco

  • Website: nutreco.com
  • Type: Corporate
  • Headquarters: Amersfoort, Utrecht, Netherlands
  • Founded year: 1994
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: nutreco

Nutreco is a corporate investor based in Amersfoort, Utrecht, Netherlands, specializing in animal nutrition. Founded in 1994, the company focuses on providing innovative feed solutions for livestock and aquaculture, with a strong emphasis on sustainable practices to meet the growing global demand for food. Nutreco has been actively expanding its portfolio through strategic acquisitions in the animal nutrition sector. Notably, they acquired Bellman Nutriçao Animal Ltda. in 2012, a Brazilian company that specializes in farm minerals and supplements for ruminants, enhancing their position in the agricultural market. In 2017, they completed the acquisition of Hi-Pro Feeds, a leading manufacturer of high-performance animal feed in North America. Other significant acquisitions include Animal Nutrition and Health (ANH) in South Africa in 2019 and Nutrimin in Denmark in 2021. These transactions reflect Nutreco's commitment to expanding its influence in the animal nutrition and health markets, which includes dietary supplements for livestock.


7. EIT Food

  • Website: eitfood.eu
  • Type: Corporate
  • Headquarters: Leuven, Flanders, Belgium
  • Founded year: 2016
  • Headcount: 51-200
  • Number of deals in 2024: 37
  • LinkedIn: eit-food

EIT Food is a not-for-profit organization based in Leuven, Flanders, Belgium, founded in 2016. It is dedicated to transforming the food system through innovation, education, and entrepreneurship. EIT Food supports agrifood startups and entrepreneurs by providing resources, funding opportunities, and educational programs aimed at creating healthier and sustainable food solutions. Their initiatives engage various stakeholders, including businesses and the public, to foster collaboration and drive change in the food sector. In 2020, EIT Food participated in seed funding for Epinutra, which raised $252,354, indicating their commitment to innovative food solutions. Additionally, they have provided grants to companies like Quest Meat and Antofenol, which raised $324,464 and $565,630 respectively, in 2024. These transactions highlight EIT Food's active role in supporting ventures that may intersect with dietary supplements, particularly those focused on health and nutrition.


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 Brussels-based venture capital investment company founded in 1898, specializing in providing patient capital to growing businesses across various sectors, including telecommunications, consumer goods, and energy. The firm partners with entrepreneurs and family-owned businesses, offering strategic advice and long-term investment solutions to foster sustainable growth. Notably, Sofina has made significant investments in the dietary supplement industry, including a $25 million investment in HealthKart, which focuses on expanding its nutrition platform and launching new D2C nutrition brands. Additionally, Sofina invested in The Whole Truth, a company that emphasizes clean and healthy dietary products. These transactions highlight Sofina's commitment to supporting innovative companies in the dietary supplement space, alongside its broader investment strategy.


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 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. Their portfolio includes a diverse range of companies that prioritize consumer needs and sustainable practices. Notably, Verlinvest has invested in companies like Sambazon, which focuses on premium acai products, and Genexa, a clean pharmaceutical company that raised $60M in Series A funding to expand its development efforts. These investments reflect Verlinvest's commitment to the health and dietary supplement sector, showcasing their interest in brands that align with health and wellness.


10. Eurofins

  • Website: eurofins.com
  • Type: Corporate
  • Headquarters: Luxembourg
  • Founded year: 1987
  • Headcount: 10001+
  • Number of deals in 2024: 8
  • LinkedIn: eurofins

Eurofins Scientific SE is a prominent laboratory testing company founded in 1987, headquartered in Luxembourg. With a workforce of over 10,000 employees and a global presence across 62 countries, Eurofins specializes in a wide range of analytical and testing services. The company serves various sectors, including pharmaceuticals, food, and environmental industries, ensuring compliance and quality assurance for its clients. Eurofins has made several strategic acquisitions to enhance its capabilities in food testing, such as the acquisition of Protec Bio-testing in 2018, which bolstered its market share in the French food testing sector. Additionally, their acquisition of Craft Technologies and Experchem Laboratories further demonstrates their commitment to expanding their testing services. These transactions highlight Eurofins' role in ensuring the safety and quality of food products, which is directly relevant to the dietary supplement industry, as these products must meet stringent safety and quality standards.


11. Astanor

  • Website: astanor.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 10
  • LinkedIn: astanor-venture

Astanor is an impact investment firm based in Luxembourg, founded in 2017, that specializes in the agrifood tech sector. They are dedicated to supporting innovative companies that aim to create sustainable food systems through strategic guidance and investment. Astanor has been actively involved in several transactions relevant to the dietary supplement industry, including 'the gut stuff', which focuses on gut health, and 'Heali AI', a digital platform providing medically tailored meal suggestions. Additionally, they invested in 'Digestiva', which raised significant funding for its growth. These investments highlight Astanor's commitment to promoting health and nutrition through innovative solutions in the food sector.


12. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. They focus on empowering early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology. Rockstart provides investment, mentorship, and networking opportunities to help startups scale and succeed. Notably, they have been involved in several transactions that could be relevant to the dietary supplement industry. For instance, they invested in Todos Comemos, which raised $235,000 in a Pre-Seed round in 2020, indicating a focus on food solutions that could intersect with dietary supplements. Additionally, their investment in Easy Way to Health, which raised $23,055 in a Seed round in 2018, further demonstrates their engagement in health-related ventures. Overall, Rockstart's commitment to supporting purpose-driven entrepreneurs aligns with the values of the dietary supplement sector.


13. Azelis

  • Website: azelis.com
  • Type: Corporate
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 2001
  • Headcount: 1001-5000
  • Number of deals in 2024: 5
  • LinkedIn: azelis

Azelis is a corporate investor based in Antwerp, Flanders, Belgium, specializing in the distribution of specialty chemicals and providing innovation services. Founded in 2001, Azelis serves over 63,000 customers across various sectors, including life sciences and industrial markets. In recent years, Azelis has made strategic acquisitions to enhance its portfolio in the food and health industries. Notably, they acquired Ingredi AB, a distributor of raw materials and ingredients for the Swedish food and health industry, in May 2018. More recently, in September 2024, they announced the acquisition of Hortimex, a Polish specialty chemicals distributor focused on food ingredients and nutraceuticals, which aims to strengthen their position in the Food & Nutrition market. These transactions highlight Azelis' commitment to expanding its footprint in the dietary supplement sector, making them a relevant player in this industry.


14. Wessanen Benelux (B Corp)


Wessanen Benelux (B Corp), based in Amsterdam, Netherlands, is a corporate investor specializing in organic and plant-based food products. Founded in 1765, the company has a long history of promoting sustainability and biodiversity through its diverse offerings, which include dairy-free drinks, breakfast cereals, and vegetarian spreads. Notably, Wessanen has made strategic acquisitions to enhance its portfolio in the organic sector, including the acquisition of Abbot Kinney's, a brand known for its organic almond and coconut yogurts and ice creams, which directly relates to dietary supplements. Other significant transactions include the acquisition of Biogran, a leading organic food company in Spain, and Abafoods, which specializes in organic vegetal drinks. These transactions highlight Wessanen's commitment to expanding its presence in the health-focused food market, making it a relevant player in the dietary supplement industry.


15. V3 Ventures

  • Website: v3.ventures
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2022
  • Headcount: 1-10
  • Number of deals in 2024: 9
  • LinkedIn: v3-venture

V3 Ventures is a venture capital firm based in Brussels, Belgium, founded in 2022. The firm specializes in investing in early-stage consumer businesses across various sectors, including wellness, food, and lifestyle. V3 Ventures aims to support founders by providing capital and strategic guidance to help them build strong brands and achieve growth. Notably, they have participated in transactions such as Cuure, which raised approximately 7 million euros and is likely focused on health and wellness products, and Go Zero, a zero sugar ice cream brand that raised funds to promote healthier food options. These investments reflect V3 Ventures' commitment to the wellness and dietary supplement sectors, making them a relevant player in this space.


16. Capricorn Partners


Capricorn Partners is an investment management firm based in Leuven, Flanders, Belgium, specializing in venture capital, growth capital, and quoted equity funds. Founded in 1993, the firm focuses on innovative companies across various sectors, including digital technologies, health, and clean technologies. Their commitment to responsible investing aims to create both financial returns and strategic value for their clients. Notably, Capricorn Partners has participated in significant funding rounds for companies like DMC Biotechnologies, which raised multiple rounds of funding (Seed, Series A, and Series B) with Capricorn as a participant. DMC Biotechnologies is involved in biotechnology, which is closely related to dietary supplements, indicating Capricorn's potential interest in this market. Additionally, their investment in Fluxome, a company that may have health-related applications, further supports their relevance in the dietary supplement context.



Dietary Supplement Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
dsm-firmenichMaastricht, Limburg, Netherlands10001+3
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
CvcLuxembourg1001-5000200516
European Investment Bank (EIB)Luxembourg1001-5000195899
PeakBridgeLuxembourg11-5020188
NutrecoAmersfoort, Utrecht, Netherlands10001+19941
EIT FoodLeuven, Flanders, Belgium51-200201637
SofinaBrussels, Brussels, Belgium51-20018984
VerlinvestBrussels, Brussels, Belgium11-5019955
EurofinsLuxembourg10001+19878
AstanorLuxembourg11-50201710
RockstartAmsterdam, North Holland, Netherlands11-50201116
AzelisAntwerp, Flanders, Belgium1001-500020015
Wessanen Benelux (B Corp)Amsterdam, North Holland, Netherlands51-20017650
V3 VenturesBrussels, Brussels, Belgium1-1020229
Capricorn PartnersLeuven, Flanders, Belgium11-5019935


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