The medical equipment maintenance industry in DACH focuses on servicing and maintaining medical devices essential for healthcare. This sector encompasses companies specializing in repair, preventive maintenance, and compliance management of devices such as imaging equipment, surgical tools, and monitoring systems. An increased emphasis on patient safety and technological advancements is driving demand for efficient maintenance solutions. Furthermore, the rise of telehealth and home-care technologies is reshaping service delivery, urging maintenance firms to adapt their models. The industry is poised for growth as regulatory requirements strengthen and healthcare providers seek reliable partners to ensure optimal equipment performance.


Within the DACH region, the investors listed represent a mix of venture capital, private equity, and corporate investors actively shaping the medical equipment maintenance landscape. Headquartered across Germany, Switzerland, and Austria, these firms range from small teams to large entities with thousands of employees. Established between 1993 and 2018, they collectively made over 100 investments in 2024. This showcases a vibrant ecosystem where new technologies and innovative companies are nurtured to enhance healthcare delivery. The focus on life sciences indicates a strong commitment to advancing the medical technology sector.


Top 16 Medical Equipment Maintenance Investors in DACH


1. 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 in the medical sector, including the acquisition of Medigroba, a company that may be involved in medical equipment, and TNI Medical, which also operates within the healthcare space. Their investment in Spiegelberg further emphasizes their commitment to the medical field. By supporting these companies, SHS Capital aims to enhance their operations and help them scale in the market, making them a relevant player in the medical equipment maintenance industry.


2. 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. They have been actively involved in the medical technology space, with notable investments including Luciole Medical, which develops brain monitoring devices, and Piomic Medical, a startup focused on diabetes management technology. Additionally, they have invested in Hylomorph, which is advancing its product portfolio in the medical field. These transactions highlight Verve Ventures' commitment to supporting companies that are likely to require ongoing maintenance and development of their medical equipment, reinforcing their relevance in the medical equipment maintenance sector.


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. They support their clients with financial resources and access to a network of industry experts, helping them navigate the challenges of growth and development in various sectors, including life sciences and software. Notably, Bayern Kapital has been involved in significant transactions within the medical technology space, such as their investments in Reactive Robotics, which develops robotic solutions for patient mobilization in intensive care, and GME Medical Engineering, which focuses on expanding its medical product portfolio. These investments highlight Bayern Kapital's commitment to fostering innovation in the medical equipment sector, making them a relevant player in the medical equipment maintenance industry.


4. Wellington Partners


Wellington Partners is a venture capital firm based in Munich, Bavaria, Germany, founded in 1998. The firm specializes in life sciences, focusing on early- and growth-stage companies. They provide capital and strategic support to entrepreneurs in sectors such as therapeutics and medical devices. Notably, Wellington Partners has participated in significant funding rounds for companies in the medical equipment space, including invendo medical, which raised €20.3 million to enhance its marketing and service infrastructure in the U.S. and support ongoing development projects. They also invested in TRiCares, which raised €47 million in a Series C financing round aimed at product development and clinical trials. Their commitment to helping innovative startups develop breakthrough technologies positions them as a key player in the medical equipment maintenance industry.


5. Endeavour Vision

  • Website: endeavourvision.com
  • Type: Venture Capital
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: vision-capital

Endeavour Vision is an investment advisory firm based in Geneva, Switzerland, founded in 2000. The firm specializes in healthcare technology, providing investment and strategic guidance to innovators in the healthcare sector. Endeavour Vision has been involved in several significant transactions, including a $40 million financing round for VertiFlex, which develops minimally invasive interventions for spinal stenosis, and a $30 million Series C funding for Virtual Incision, a company focused on surgical robotics. Their recent investment in Kestra Medical Technologies, which raised $196 million in 2024, further emphasizes their commitment to advancing healthcare technologies. These transactions highlight Endeavour Vision's role in supporting transformative technologies that can enhance patient care and modernize healthcare systems, which may include aspects of medical equipment maintenance.


6. HBM Healthcare Investments AG


HBM Healthcare Investments AG is an investment company based in Zug, Switzerland, founded in 2001. It specializes in the healthcare sector, managing a diversified portfolio that includes human medicine, biotechnology, medical technology, and diagnostics. The firm has been actively investing in various healthcare companies, with notable transactions in the medical equipment space. For instance, they participated in funding rounds for Valcare Medical, which focuses on medical devices, and Thommen Medical, which raised significant capital in a Series C round. Their involvement in these companies highlights their commitment to advancing medical technology, making them a key player in the healthcare investment landscape.


7. Fresenius Medical Care


Fresenius Medical Care is a leading healthcare provider specializing in renal care and dialysis services, founded in 1912 and based in Bad Homburg, Hesse, Germany. The company operates with a workforce of over 10,000 employees and is dedicated to improving patient outcomes through innovative technologies and comprehensive support services. Fresenius Medical Care offers a range of products, including dialysis machines and water technology solutions, catering to patients with kidney diseases and healthcare professionals. Notably, the company has made strategic acquisitions such as Xenios, a medical technology firm, and Renal Advantage, which enhances their capabilities in renal care. Additionally, their investment in companies like Modulim, which focuses on imaging systems, and participation in funding rounds for firms like BioIntelliSense and VR Medical, further solidify their commitment to advancing medical technology and equipment maintenance.


8. 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, specializing in life sciences investments. Founded in 1996, the fund focuses on providing funding and support to innovative biotechnology and biopharmaceutical companies, helping them develop novel therapeutics and address unmet patient needs. Notably, the fund has participated in several transactions relevant to medical equipment, including a $21.8 million Series C financing round for Ablation Frontiers, which is focused on investigational medical devices. Additionally, the fund was involved in funding rounds for Myopowers Medical Technologies, which is preparing for clinical trials to obtain CE mark in Europe. These investments highlight the fund's engagement in the medical technology space, particularly in areas that may require ongoing maintenance and support.


9. IPF Partners

  • Website: ipfpartners.com
  • Type: Venture Capital
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 2011
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: ipf-partners

IPF Partners is a venture capital firm based in Geneva, Switzerland, founded in 2011. The firm specializes in healthcare growth debt and equity financing, providing bespoke financing solutions to healthcare companies. Their investment strategy includes a focus on commercial stage and late development stage companies, particularly in sectors such as digital health, biopharma, and medtech. Notable transactions include a $17.7 million investment in EOS Imaging, which specializes in medical imaging technology, and multiple debt financing rounds for SpineGuard, a company focused on surgical technologies. These transactions highlight IPF Partners' commitment to supporting the growth of companies within the medical equipment sector, making them a relevant player in the medical equipment maintenance landscape.


10. 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. Among their notable transactions, Partners Group acquired Healogics, a company involved in wound care management, which indicates their active participation in the healthcare sector. Additionally, they have made investments in companies like Curvature, which, while not directly related to medical equipment maintenance, showcases their diverse investment portfolio. Their acquisition of PremiStar further highlights their engagement in sectors that may intersect with medical supply and maintenance, making them a relevant player in the medical equipment maintenance landscape.


11. 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. Notably, b2venture has been involved in significant transactions within the medical technology sector, particularly with Quanta, a MedTech company that provides dialysis care. Quanta has successfully raised substantial funding in multiple rounds, including a Series D round of £175 million, which is the largest private funding round for a dialysis device company in history. This funding is aimed at scaling operations globally, particularly in the United States. Additionally, Quanta has raised funds in Series C, B, and A rounds, indicating a strong trajectory in the medical equipment space. b2venture's collaboration with a community of angel investors enhances their investment strategy, making them a key player in the European venture capital landscape, particularly in healthcare innovation.


12. IBB Ventures


IBB Ventures is a venture capital firm based in Berlin, Germany, founded in 1997. The firm specializes in early-stage financing and has invested in over 270 startups, providing not only capital but also expertise and resources to help these businesses thrive in competitive markets. Among their notable transactions, IBB Ventures has invested in DiaMonTech AG, a company focused on developing non-invasive blood glucose monitoring technologies. This includes a €7 million Series A financing round and subsequent funding rounds totaling over $20 million, indicating a strong commitment to advancing medical technology. Additionally, IBB Ventures has invested in x-cardiac, which also operates within the medical technology sector, further demonstrating their engagement in the medical equipment field.


13. 415 Capital

  • Website: 415capital.com
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn: 415-capital

415 Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2018. The firm specializes in medical technology investments, providing funding and expertise to innovative companies developing life-saving medical solutions. With a strong clinical network, 415 Capital supports its investments primarily in Europe and North America. Notable transactions include a Series E investment in Distalmotion, a company focused on surgical robotics, and a seed funding round for Moray Medical, which is developing an interventional robotics platform. These investments highlight 415 Capital's commitment to advancing medical technologies, which may encompass aspects of medical equipment maintenance.


14. APEX Ventures

  • Website: apex.ventures
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: apex-vc

APEX Ventures is a venture capital firm based in Vienna, Austria, founded in 2016. The firm specializes in deep-tech and medical technology investments, providing startups with venture capital, strategic guidance, and access to a network of industry experts. APEX Ventures has been actively involved in several notable transactions in the medical technology sector. For instance, they participated in a seed funding round for DeepSpin, a startup developing a portable, ultra-low-cost MRI system, which raised €600,000. Additionally, they led a seed funding round for Upfront Diagnostics, securing £1.6 million to scale a blood-based diagnostic technology for identifying large artery strokes. Their investment in Refined Laser Systems, which is developing an intraoperative microscope prototype for cancer diagnosis, further highlights their focus on medical equipment innovation. These transactions demonstrate APEX Ventures' commitment to supporting technology-driven companies in the medical field, particularly those that enhance medical equipment and diagnostics.


15. 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. Notably, Calm/Storm has participated in funding rounds for companies like Doctorly, a Berlin-based medical practice management software startup, which raised $10 million in Series A funding, and ThinkSono, which focuses on ultrasound technology and raised over $2.5 million in seed funding. Their portfolio reflects a commitment to addressing sensitive health issues, which may include medical equipment maintenance as part of their broader health tech investments.


16. NRW.BANK

  • Website: nrwbank.de
  • Type: Venture Capital
  • Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
  • Founded year: 2002
  • Headcount: 1001-5000
  • Number of deals in 2024: 10
  • LinkedIn: nrw.bank

NRW.BANK is a public development bank based in Neunkirchen, North Rhine-Westphalia, Germany, founded in 2002. It provides financial services such as loans and equity financing to support small and medium-sized enterprises, affordable housing, and municipal infrastructure projects. NRW.BANK plays a crucial role in fostering economic growth and social development in the region. In the medical equipment sector, NRW.BANK has been involved in several relevant transactions, including a Series A investment in Hemovent, which focuses on medical devices, and a Seed funding round for Refined Laser Systems, which is developing an intraoperative microscope prototype for cancer diagnosis. These investments highlight NRW.BANK's engagement in the medical technology space, particularly in areas that may require ongoing maintenance and support.



Medical Equipment Maintenance Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
SHS CapitalGermany11-5019932
Verve VenturesZurich, Zurich, Switzerland11-50201025
Bayern KapitalLandshut, Bavaria, Germany11-50199527
Wellington PartnersMunich, Bavaria, Germany11-5019989
Endeavour VisionGeneva, Geneva, Switzerland11-5020002
HBM Healthcare Investments AGZug, Zug, Switzerland1001-500020018
Fresenius Medical CareBad Homburg, Hesse, Germany10001+19122
Novartis Venture FundBasel, Basel, Switzerland11-50199610
IPF PartnersGeneva, Geneva, Switzerland1-1020111
Partners GroupBaar, Zug, Switzerland1001-5000199619
b2ventureSt. Gallen, St. Gallen, Switzerland11-50200015
IBB VenturesBerlin, Berlin, Germany11-50199718
415 CapitalMunich, Bavaria, Germany1-1020184
APEX VenturesVienna, Vienna, Austria1-1020166
Calm/StormVienna, Vienna, Austria1-10202013
NRW.BANKNeunkirchen, North Rhine-Westphalia, Germany1001-5000200210


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