Top 16 Healthcare Consulting Investors in the Nordics
Top 16 Healthcare Consulting Investors in the Nordics
The healthcare consulting industry in the Nordics thrives on innovative solutions aimed at improving healthcare delivery. It involves companies focused on data analytics, patient care strategies, and healthcare IT systems. Prominent players range from venture capital firms, like HealthCap, to private equity giants such as EQT Group. There’s a strong push towards digital health, especially with remote monitoring and data-driven decision-making on the rise. This sector is swiftly evolving, integrating technology to foster operational efficiencies and enhanced patient outcomes, reflecting a dedication to addressing critical health needs with purposeful, outcome-oriented strategies.
The investors in this list represent a mix of venture capital and private equity firms, showcasing a strong presence across Sweden, Denmark, and Norway. These firms range in size, with some employing over a thousand professionals, while others are smaller teams focused on early-stage investments. Established mainly between the late 20th century and early 21st century, these firms have collectively engaged in more than 100 deals in 2024, signifying their active role in the burgeoning healthcare consulting industry. Noteworthy investors include Nordic Capital and Novo Holdings, reflecting robust support for healthcare innovations.
Top 16 Healthcare Consulting Investors in the Nordics
1. Novo Holdings
- Website: novoholdings.dk
- Type: Venture Capital
- Headquarters: Hellerup, Denmark
- Founded year: 1999
- Headcount: 51-200
- Number of deals in 2024: 45
- LinkedIn: novo-a-s
Novo Holdings A/S is a not-for-profit investment firm based in Hellerup, Denmark, founded in 1999. It manages the assets of the Novo Nordisk Foundation and is dedicated to investing in life science companies at various stages of development. The firm provides capital and strategic support to enhance healthcare solutions. Notably, Novo Holdings has been involved in significant transactions within the healthcare consulting space, such as the acquisition of Medical Knowledge Group, which focuses on healthcare insights and consulting. Additionally, their participation in the $150 million Series E funding round for Verana Health, a company that leverages data to improve healthcare outcomes, further underscores their commitment to the healthcare sector. Other investments include Clario and Tempus, both of which are involved in healthcare data and analytics, reinforcing Novo Holdings' strategic focus on enhancing healthcare through innovative solutions.
2. Almi
- Website: almi.se
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1994
- Headcount: 201-500
- Number of deals in 2024: 7
- LinkedIn: almi-ab
Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among their notable transactions, Almi has invested in healthcare-related companies such as Schemagi AB, which raised funds in both seed and venture rounds, and MedUniverse, which also secured venture funding. Additionally, Almi participated in funding rounds for Captario, a company focused on improving the efficiency of healthcare product releases. These investments demonstrate Almi's engagement in the healthcare sector, making them a relevant player in the healthcare consulting investment landscape.
3. EQT Group
- Website: eqtgroup.com
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1994
- Headcount: 1001-5000
- Number of deals in 2024: 30
- LinkedIn: eqt-partners
EQT Group is a prominent private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in various investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. In the healthcare consulting space, EQT has made significant strides with notable acquisitions such as Press Ganey, a leader in healthcare performance improvement, and PAREXEL, which offers biopharmaceutical consulting services. Additionally, their recent acquisition of GeBBS Healthcare Solutions, a company focused on healthcare outsourcing and technology solutions, further solidifies their position in the healthcare consulting industry. These strategic investments highlight EQT's commitment to enhancing healthcare services and consulting capabilities.
4. Nordic Capital
- Website: nordiccapital.com
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1989
- Headcount: 201-500
- Number of deals in 2024: 10
- LinkedIn: nordic-capital
Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, with a notable focus on healthcare and technology. Nordic Capital partners with management teams to drive growth and operational improvements in its portfolio companies, emphasizing sustainable investment opportunities for institutional investors. In recent years, Nordic Capital has made significant strides in the healthcare sector, highlighted by their acquisition of Inovalon, a leader in healthcare data analytics, for approximately $7.3 billion. This acquisition reflects their strategy to enhance healthcare delivery through data-driven solutions. Additionally, they acquired Cytel, valued at $1 billion, which focuses on improving pharmaceutical R&D efficiency. Their investment in IntegriChain, a pharma tech firm, further showcases their commitment to the healthcare consulting industry. Overall, Nordic Capital's focus on creating long-term value and sustainability in healthcare investments positions them as a key player in the healthcare consulting landscape.
5. Seed Capital Denmark
- Website: seedcapital.dk
- Type: Venture Capital
- Headquarters: Frederiksberg, Frederiksberg, Denmark
- Founded year: 2004
- Headcount: 1-10
- Number of deals in 2024: 5
- LinkedIn: seed-capital-denmark
Seed Capital Denmark is a venture capital firm based in Frederiksberg, Denmark, founded in 2004. The firm specializes in providing seed funding and advisory services to technology startups, with a strong emphasis on sectors such as SaaS and Fintech. However, they have also made significant investments in the healthcare sector. Notably, they invested in OpenTeleHealth, which raised over $1.5 million in 2015, focusing on telehealth solutions. In 2023, they participated in a $3.5 million Series A funding round for Mesh Bio, a company likely involved in healthcare technology. Additionally, they have supported Asante Solutions and Oncology Venture, the latter being involved in drug development, showcasing their commitment to healthcare innovation. With a track record of successful investments, Seed Capital supports its portfolio companies from seed stage to exit, including those in the healthcare consulting space.
6. HealthCap
- Website: healthcap.eu
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1996
- Headcount: 11-50
- Number of deals in 2024: 5
- LinkedIn: healthcap
HealthCap is a venture capital firm based in Stockholm, Sweden, founded in 1996. The firm specializes in the life sciences sector, investing in and supporting innovative companies that are developing breakthrough therapies for diseases with high unmet medical needs. HealthCap's portfolio includes notable transactions such as their investments in Doctrin, a medtech startup that raised significant funding across multiple rounds (Series A, B, and C) to enhance its healthcare technology and expand its market presence. Their involvement in Doctrin highlights their commitment to supporting companies that are at the intersection of healthcare and technology, which is relevant to healthcare consulting. Additionally, HealthCap's investment in Pharmion and other startups further demonstrates their focus on advancing healthcare solutions. Overall, HealthCap plays a crucial role in fostering innovation in the healthcare sector, making them a relevant player in the healthcare consulting landscape.
7. Industrifonden
- Website: industrifonden.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1979
- Headcount: 11-50
- Number of deals in 2024: 9
- LinkedIn: industrifonden
Industrifonden is a venture capital fund based in Stockholm, Sweden, founded in 1979. The firm specializes in investing in early-stage companies across various sectors, including Deep Tech, Life Science, and Transformative Tech. With a focus on creating long-term value through partnerships with passionate founders, Industrifonden provides both financial support and strategic guidance to startups. Notably, Industrifonden has been involved in significant transactions within the healthcare sector, such as its investments in Trialbee, a global technology provider for patient matching and engagement in clinical trials, and NuvoAir, which has developed a digital care platform aimed at enhancing decentralized clinical trials. These investments highlight Industrifonden's active role in supporting innovative solutions that improve healthcare consulting and clinical trial processes.
8. Finnvera
- Website: finnvera.fi
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2000
- Headcount: 201-500
- Number of deals in 2024: 3
- LinkedIn: finnvera
Finnvera Oyj is a public entity based in Helsinki, Uusimaa, Finland, founded in 2000. It provides a range of financial services, including loans, guarantees, equity investments, and export guarantees, primarily aimed at supporting the growth and internationalization of small and medium-sized enterprises in Finland. Finnvera plays a crucial role in enhancing the competitiveness of its clients by facilitating access to necessary financing. Notably, Finnvera has been involved in several transactions within the healthcare sector, including investments in BCB Medical, which raised funds in a Series A round, and Nightingale Health, which secured over $3.8 million in Series A funding. Additionally, they invested in Clinical Research Services Turku during its seed round, further demonstrating their commitment to supporting healthcare-related businesses.
9. Novo Nordisk
- Website: novonordisk.com
- Type: Corporate
- Headquarters: Denmark
- Founded year: 1923
- Headcount: 10001+
- Number of deals in 2024: 4
- LinkedIn: novo-nordisk
Novo Nordisk A/S is a leading multinational pharmaceutical company based in Denmark, founded in 1923. The company specializes in diabetes care and treatments for other chronic diseases, developing a range of medications including semaglutide and various insulin products. Novo Nordisk has a strong commitment to improving patient health and enhancing disease management through innovative solutions. In recent years, they have made significant investments in the healthcare consulting context, such as their participation in the Series A funding of Amalgam Rx, a digital health startup focused on a digital insulin app for type 2 diabetes patients. They also participated in the Series D financing of Glooko, a remote patient monitoring company, which aims to enhance digital health solutions for chronic disease management. These transactions highlight Novo Nordisk's strategic interest in digital health innovations that align with healthcare consulting practices, making them a relevant player in this space.
10. Sunstone Life Science Ventures
- Website: sunstone.eu
- Type: Venture Capital
- Headquarters: Copenhagen, Denmark
- Founded year: 2007
- Headcount: 1-10
- Number of deals in 2024: 1
- LinkedIn: sunstone-capital-life-science-ventures
Sunstone Life Science Ventures is a venture capital firm based in Copenhagen, Denmark, founded in 2007. The firm specializes in investments in early-stage life science companies, focusing on innovations in therapeutics, medical technology, and diagnostics. Sunstone provides not only funding but also business development support to help its portfolio companies navigate the path from research to market. Notable transactions include their involvement in JenaValve Technology, which raised significant funding across multiple rounds (including $62.5 million in 2013 and $22.7 million in 2010) to support clinical trials and regulatory approvals, highlighting their role in advancing healthcare innovations. Additionally, their recent investment in Minervax, which raised $57.4 million in 2023, further emphasizes their active participation in the life sciences sector, which is closely tied to healthcare consulting.
11. Investinor
- Website: investinor.no
- Type: Venture Capital
- Headquarters: Trondheim, Trøndelag, Norway
- Founded year: 2008
- Headcount: 11-50
- Number of deals in 2024: 4
- LinkedIn: investinor
Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. The firm specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Notably, Investinor has made significant investments in the healthcare sector, including a NOK 65 million funding round for Dele Health Tech and a NOK 20 million investment in Dignio, a Norwegian health technology company. These transactions highlight Investinor's active role in supporting innovative healthcare solutions, making them a relevant player in the healthcare consulting space.
12. Inventure
- Website: inventure.vc
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2005
- Headcount: 11-50
- Number of deals in 2024: 9
- LinkedIn: inventure
Inventure is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2005. The firm focuses on backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Inventure has been actively involved in the healthcare sector, with notable investments including Medoma, a Swedish digital therapy startup that raised €6 million to develop virtual acute wards for patient care at home, and Noona Healthcare, which raised €1.5 million to enhance its digital health platform with AI and predictive analytics. Additionally, they invested in Algorithmiq, a company developing quantum algorithms for life sciences, further showcasing their engagement in healthcare-related technologies. Inventure's diverse portfolio reflects their commitment to fostering innovation across various sectors, including healthcare.
13. Add Health Media AB
- Website: addhealthmedia.com
- Type: Corporate
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1999
- Headcount: 11-50
- LinkedIn: addhealthmedia
Add Health Media AB, founded in 1999 and based in Stockholm, Sweden, is a corporate investor specializing in health media. The company operates health information platforms such as DOKTORN.com and Praktisk Medicin, which serve both the general public and healthcare professionals. Their mission is to enhance knowledge about health and medicine through various digital and print media, as well as educational resources. In recent years, Add Health Media has made strategic acquisitions and investments in the healthcare sector, including the acquisition of Occident AB, a company that provides media content for the health industry, which allows them to expand their service portfolio. Additionally, they have participated in funding rounds for several health-related startups, including Doctrin, Curoflow, Health Integrator, and Geras Solutions, indicating their active role in supporting healthcare innovations and consulting services.
14. Kinnevik
- Website: kinnevik.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1936
- Headcount: 11-50
- Number of deals in 2024: 10
- LinkedIn: investment-ab-kinnevik
Kinnevik is an investment company based in Stockholm, Sweden, founded in 1936. It partners with innovative entrepreneurs across various sectors, including healthcare, software, marketplaces, and climate tech. Kinnevik provides both capital and operational support to help companies scale and create long-term value. In the healthcare sector, Kinnevik has made notable investments, such as in Transcarent, which raised $126 million in Series D funding in May 2024, and Spring Health, which raised $100 million in Series E funding in July 2024. These transactions highlight Kinnevik's focus on redefining healthcare services and addressing global challenges through strategic investments.
15. Medicover
- Website: medicover.com
- Type: Corporate
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1995
- Headcount: 10001+
- Number of deals in 2024: 2
- LinkedIn: medicover
Medicover is a corporate investor based in Stockholm, Sweden, founded in 1995. It operates a comprehensive network of medical clinics, hospitals, and laboratories primarily in Central and Eastern Europe and India, serving both individual consumers and corporate clients. Medicover specializes in diagnostic and healthcare services, aiming to enhance well-being through a wide range of health services. In recent years, Medicover has been actively expanding its footprint in the healthcare sector through strategic acquisitions. Notable transactions include the acquisition of SYNLAB Cyprus Ltd, which is expected to enhance its diagnostic capabilities, and Guven Laboratuvarlari, further solidifying its presence in the healthcare market. Additionally, the acquisition of CDT Medicus Group in Poland and Pelican Hospital in Romania demonstrates Medicover's commitment to expanding its healthcare services across various regions. These acquisitions not only increase Medicover's operational capacity but also align with the goals of healthcare consulting by improving service delivery and operational efficiency in the healthcare sector.
16. Hadean Ventures
- Website: hadeanventures.com
- Type: Venture Capital
- Headquarters: Oslo, Oslo, Norway
- Founded year: 2014
- Headcount: 11-50
- Number of deals in 2024: 1
- LinkedIn: hadean-ventures
Hadean Ventures is a venture capital firm based in Oslo, Norway, founded in 2014. The firm specializes in the life sciences sector, managing approximately EUR 230 million in assets. Hadean Ventures invests in healthcare startups to support the development of innovative medical solutions. Notable transactions include a €3.9 million Series A funding for Neuro Event Labs, a Finnish healthtech company focused on epilepsy diagnostics, and a significant investment in Alex Therapeutics, which raised €3.5 million to accelerate growth in Europe and the US for its digital therapeutics products. Additionally, Hadean Ventures participated in a €72 million financing round for Complement Therapeutics, which is developing gene therapy for geographic atrophy. These investments highlight Hadean Ventures' commitment to advancing healthcare solutions and their relevance in the healthcare consulting space.
Healthcare Consulting Insights: Key Investors in the Nordics
| Investor | Headquarter | Size | Founded | Deals 2024 |
|---|---|---|---|---|
| Novo Holdings | Hellerup, Denmark | 51-200 | 1999 | 45 |
| Almi | Stockholm, Stockholm, Sweden | 201-500 | 1994 | 7 |
| EQT Group | Stockholm, Stockholm, Sweden | 1001-5000 | 1994 | 30 |
| Nordic Capital | Stockholm, Stockholm, Sweden | 201-500 | 1989 | 10 |
| Seed Capital Denmark | Frederiksberg, Frederiksberg, Denmark | 1-10 | 2004 | 5 |
| HealthCap | Stockholm, Stockholm, Sweden | 11-50 | 1996 | 5 |
| Industrifonden | Stockholm, Stockholm, Sweden | 11-50 | 1979 | 9 |
| Finnvera | Helsinki, Uusimaa, Finland | 201-500 | 2000 | 3 |
| Novo Nordisk | Denmark | 10001+ | 1923 | 4 |
| Sunstone Life Science Ventures | Copenhagen, Denmark | 1-10 | 2007 | 1 |
| Investinor | Trondheim, Trøndelag, Norway | 11-50 | 2008 | 4 |
| Inventure | Helsinki, Uusimaa, Finland | 11-50 | 2005 | 9 |
| Add Health Media AB | Stockholm, Stockholm, Sweden | 11-50 | 1999 | 0 |
| Kinnevik | Stockholm, Stockholm, Sweden | 11-50 | 1936 | 10 |
| Medicover | Stockholm, Stockholm, Sweden | 10001+ | 1995 | 2 |
| Hadean Ventures | Oslo, Oslo, Norway | 11-50 | 2014 | 1 |
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