The medical courier industry in the DACH region plays a vital role in the timely and secure transportation of medical supplies, pharmaceuticals, and laboratory samples. Companies within this sector range from specialized logistics providers to large-scale logistics conglomerates offering tailored services. Innovations such as real-time tracking, temperature control, and last-mile delivery are enhancing efficiency and reliability. As telehealth and digital health solutions gain traction, the demand for rapid and safe medical transport is set to increase. The focus on compliance and quality assurance will drive growth, establishing this industry as indispensable for modern healthcare.


In 2024, a variety of investors engaged in the DACH medical courier market, including venture capital firms and corporate giants. Their headquarters range from Switzerland to Germany and Austria, highlighting regional strengths. Most firms were founded in the 2000s and 2010s, with varying sizes from small entities to significant players employing thousands. Investment activities are robust, with some partners pursuing as many as 45 deals in a single year, showcasing strong interest and confidence in the industry’s future potential.


Top 16 Medical Courier Investors in DACH


1. Dhl

  • Website: dhl.com
  • Type: Corporate
  • Headquarters: Bonn, North Rhine-Westphalia, Germany
  • Founded year: 1969
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: dhl

DHL is a global logistics company founded in 1969, headquartered in Bonn, North Rhine-Westphalia, Germany. With over 10,000 employees, DHL specializes in comprehensive transportation and delivery services, offering solutions that include courier services, air and ocean freight, and supply chain management across various industries. Notably, DHL has made significant strides in the medical courier sector through strategic acquisitions. In 2011, they acquired Eurodifarm, enhancing their presence in pharmaceutical logistics in Italy. In 2017, they acquired Polar Transportes, a Brazilian road carrier specializing in temperature-controlled transportation for the Life Sciences and Healthcare industry. These acquisitions reflect DHL's commitment to expanding its capabilities in medical logistics, ensuring timely and safe delivery of medical products and services.


2. 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 founded in 2012, based in Carouge, Geneva, Switzerland. The firm focuses on supporting startups and entrepreneurs in emerging markets through various programs, including acceleration and growth initiatives, investment readiness, and the operation of 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 healthcare-related startups such as Medsaf, which raised $1,070,000 in seed funding in 2018, and MedEasy, an online pharmacy startup in Bangladesh that raised $750,000 in 2023. These transactions highlight Seedstars' commitment to enhancing healthcare access and services, which aligns with the medical courier industry.


3. Bayern Kapital

  • Website: bayernkapital.de
  • Type: Venture Capital
  • Headquarters: Landshut, Bavaria, Germany
  • Founded year: 1995
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: bayern-kapital-gmbh

Bayern Kapital is a venture capital firm based in Landshut, Bavaria, Germany, founded in 1995. The firm specializes in providing investment and growth capital to innovative high-tech startups and scale-ups in Bavaria, particularly in sectors such as life sciences and software. Bayern Kapital supports its clients with financial resources and access to a network of industry experts, helping them navigate the challenges of growth and development. Notably, they have been involved in several transactions relevant to the medical courier context, including their investment in tiramizoo GmbH, a courier platform that focuses on logistics solutions, and ADVANOVA GmbH, which develops mobile electronic patient charts for hospitals. These investments highlight Bayern Kapital's engagement in the healthcare and logistics sectors, reinforcing their relevance to medical courier services.


4. SHS Capital


SHS Gesellschaft für Beteiligungsmanagement mbH, commonly known as SHS Capital, is a private equity firm based in Germany, founded in 1993. The firm specializes in healthcare investments, focusing on providing capital and strategic support to fast-growing healthcare companies. SHS Capital has been involved in several notable transactions, including the acquisition of Puracon and Medigroba in 2016, which are companies that may have relevance in the healthcare logistics space. More recently, they acquired Medical Technology Rostock in 2024, further emphasizing their commitment to the healthcare sector. Additionally, their participation in funding rounds for companies like Dr.Dropin, which aims to expand healthcare services, showcases their active role in supporting innovative healthcare solutions. This strategic focus on healthcare positions SHS Capital as a potential investor in the medical courier industry, as they may seek to invest in companies that facilitate healthcare delivery and logistics.


5. Calm/Storm

  • Website: calmstorm.vc
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 13
  • LinkedIn: calm-storm

Calm/Storm Ventures is a venture capital firm based in Vienna, Austria, founded in 2020. The firm specializes in early-stage investments in health tech startups, focusing on purpose-driven founders. They provide capital, support, and networking opportunities to help these companies succeed in the competitive health tech landscape. Their portfolio includes diverse teams addressing sensitive health issues. Notable transactions include investments in Livv Health, which raised over $1.5 million in a pre-seed round, and Lillian Care, which has raised significant funding to improve primary care services. Although not directly involved in medical courier services, their investments in health tech indicate a broader interest in improving healthcare delivery, which could encompass logistics and courier services in the future.


6. 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 startups scale their operations. Speedinvest has a diverse focus that spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, they have been involved in significant transactions within the healthcare space, such as their investments in Doccla, a virtual ward company. Doccla raised substantial funding in multiple rounds, including a Series B round of approximately $46 million in September 2024 and a Series A round of £15 million in September 2022, with Speedinvest participating in these rounds. This involvement highlights Speedinvest's commitment to supporting innovative healthcare solutions, which may encompass medical courier services as part of the healthcare delivery framework.


7. Verve Ventures

  • Website: verve.vc
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: investiere-venture-capital

Verve Ventures is a Zurich-based venture capital firm founded in 2010, specializing in deep tech investments across Europe. With a focus on sectors such as climate tech, industrial technology, and health & bio, Verve Ventures provides funding and strategic support to innovative startups. Notably, they have invested in Biograil, which raised $3,327,211 in a seed round in January 2020, a company that operates in the medical logistics space, indicating their interest in the medical courier sector. Additionally, their investment in Otoqi, a B2B mobility services provider, further highlights their engagement in transportation solutions that could be relevant to medical courier services. In 2024, they also participated in a Series B funding round for Otoqi, raising $10,872,520, showcasing their ongoing commitment to mobility and logistics solutions.


8. Fresenius Medical Care


Fresenius Medical Care is a leading healthcare provider specializing in renal care and dialysis services, founded in 1912 and headquartered in Bad Homburg, Hesse, Germany. The company is dedicated to improving patient outcomes through innovative technologies and comprehensive support services. In recent years, Fresenius Medical Care has expanded its investment portfolio to include companies that enhance healthcare logistics and services. Notably, they participated in the Series A funding round for SafeRide Health, a company focused on non-emergency medical transportation (NEMT) technology and services, which is crucial for facilitating patient access to healthcare. This investment reflects Fresenius's commitment to advancing healthcare delivery and logistics, positioning them as a relevant player in the medical courier space. Additionally, their acquisition of Sound Physicians and Xenios demonstrates their strategic approach to enhancing healthcare services, further supporting their role in the broader healthcare ecosystem.


9. Cherry Ventures

  • Website: cherry.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: cherry-ventures

Cherry Ventures is a Berlin-based venture capital firm founded in 2012, specializing in early-stage investments across Europe. With a focus on providing capital, mentorship, and resources to innovative startups, they have invested in various sectors, including SaaS, mobility, and healthcare. Notably, they participated in the funding rounds for Weengs, a logistics startup, which raised funds to expand its operations, and Medoma, a digital therapy startup that aims to develop virtual acute wards for patient care at home. Their investment in Afilio, an Insurtech company, also highlights their interest in healthcare-related innovations. Cherry Ventures is committed to supporting companies that create lasting impacts in their industries, making them a versatile investor in the evolving landscape of medical logistics.


10. 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 to help them navigate challenges and scale their businesses. 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 been involved in several funding rounds for Seven Senders, a logistics company, raising significant amounts over the years, including $40 million in Series C funding in April 2021 and $18 million in Series B funding in June 2019. These transactions highlight their active role in the logistics sector, which is relevant to the medical courier industry.


11. HBM Healthcare Investments AG


HBM Healthcare Investments AG is a venture capital firm based in Zug, Switzerland, specializing in the healthcare sector. Founded in 2001, the firm manages a diversified portfolio of healthcare companies, focusing on human medicine, biotechnology, medical technology, and diagnostics. In 2022, HBM Healthcare Investments participated in a $15 million funding round for 1000Farmacie, an Italian startup that aims to enhance its last-mile delivery service and integrate additional healthcare services. This investment highlights HBM's commitment to supporting innovative solutions in healthcare logistics. Additionally, HBM has been involved in various funding rounds for companies like Swixx Biopharma, which, while not directly related to medical courier services, showcases their active engagement in the healthcare market.


12. Wellington Partners


Wellington Partners is a venture capital firm based in Munich, Bavaria, Germany, founded in 1998. The firm specializes in life sciences, investing in early- and growth-stage companies to provide capital and strategic support to entrepreneurs. Their focus includes sectors such as therapeutics and medical devices, aiming to help innovative startups develop breakthrough technologies and achieve market success. Notably, Wellington Partners has participated in significant funding rounds for Quanta, a British MedTech company that provides dialysis care, raising substantial amounts in Series A, B, C, and D funding rounds. This involvement highlights their commitment to advancing healthcare technologies, which could be relevant to the medical courier industry, particularly in the logistics of medical devices and patient care. Additionally, their investment in Blackbuck, a logistics startup, showcases their interest in the logistics sector, further supporting their potential relevance to medical courier services.


13. HV Capital

  • Website: hvcapital.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. The firm has been involved in various significant transactions, particularly in the logistics and delivery sectors, such as their investments in Delivery Hero, a leading global online food ordering and delivery service, and Shopwings, which focuses on delivery services. These investments highlight HV Capital's commitment to the logistics space, making them a potentially valuable partner for startups in the medical courier industry, as they bring both capital and strategic guidance to help navigate growth challenges.


14. Picus Capital

  • Website: picuscap.com
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: picus-capital

Picus Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2015. The firm specializes in early-stage technology investments and partners with innovative startups across various sectors, including fintech and healthcare. Their mission is to empower entrepreneurs to challenge the status quo and build sustainable category leaders globally. Notably, Picus Capital has invested in MedKitDoc, a Berlin-based company that raised €7M in its Seed round to enhance access to medical care through a remote medical care platform. This investment highlights their commitment to the healthcare sector and suggests a strategic interest in companies that may intersect with medical logistics and courier services.


15. Atlantic Labs

  • Website: atlanticlabs.de
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 13
  • LinkedIn: atlantic-labs

Atlantic Labs is a venture capital firm based in Berlin, Germany, founded in 2013. The firm is dedicated to supporting exceptional, mission-driven founders throughout their entrepreneurial journey. They invest in startups across various sectors, including climate tech, AI, and digital health, providing both capital and strategic guidance to help these businesses grow. Notably, Atlantic Labs has been involved in several relevant transactions in the medical field, such as Doctor.One, which raised over $2.2 million in a seed round in 2022, and Medigo, which raised nearly $2.9 million in a seed round in 2014. These investments highlight their engagement in the healthcare sector, which is closely related to medical courier services.


16. Deg

  • Website: deginvest.de
  • Type: Corporate
  • Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
  • Founded year: 1962
  • Headcount: 501-1000
  • Number of deals in 2024: 17
  • LinkedIn: deg

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is a public entity based in Neunkirchen, North Rhine-Westphalia, Germany, founded in 1962. As a development finance institution, DEG provides long-term financing and advisory services to private enterprises in developing and emerging markets, with a strong emphasis on sustainable development and job creation. DEG supports businesses across various sectors, including agriculture, manufacturing, and infrastructure. Notably, DEG has participated in significant transactions within the healthcare sector, such as its investment in DrugStoc, a Nigerian health-tech startup that raised $4.4 million to expand its pharmaceutical services across Africa. This investment highlights DEG's commitment to enhancing healthcare access, which is closely related to the medical courier industry. Additionally, DEG's involvement in logistics through its investment in SiCepat Ekspres, an e-commerce logistics provider, further demonstrates its interest in the logistics sector, which is essential for medical courier services. Overall, DEG's diverse investment portfolio and its focus on healthcare-related initiatives position it as a relevant player in the medical courier space.



Medical Courier Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
DhlBonn, North Rhine-Westphalia, Germany10001+19691
SeedstarsCarouge, Geneva, Switzerland201-50020126
Bayern KapitalLandshut, Bavaria, Germany11-50199527
SHS CapitalGermany11-5019932
Calm/StormVienna, Vienna, Austria1-10202013
SpeedinvestVienna, Vienna, Austria51-200201145
Verve VenturesZurich, Zurich, Switzerland11-50201025
Fresenius Medical CareBad Homburg, Hesse, Germany10001+19122
Cherry VenturesBerlin, Berlin, Germany11-50201225
b2ventureSt. Gallen, St. Gallen, Switzerland11-50200015
HBM Healthcare Investments AGZug, Zug, Switzerland1001-500020018
Wellington PartnersMunich, Bavaria, Germany11-5019989
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
Picus CapitalMunich, Bavaria, Germany11-50201528
Atlantic LabsBerlin, Berlin, Germany11-50201313
DegNeunkirchen, North Rhine-Westphalia, Germany501-1000196217


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