The rehabilitation fitness equipment industry in DACH focuses on innovative solutions that aid recovery and enhance physical well-being. Companies in this sector design and manufacture equipment tailored for rehabilitation purposes, spanning products like resistance machines, digital therapy devices, and mobility aids. The industry is evolving rapidly, integrating technology to offer personalized treatment plans through apps and online platforms. Growing awareness around mental health and physical fitness is driving demand. Importantly, the market is also benefiting from advancements in telehealth, facilitating remote access to rehabilitation services and personalized exercise regimens, shaping future industry trends.


The list includes a mix of venture capital and private equity investors, primarily based in Germany and Switzerland. Investors range from small firms, like Possible Ventures, to larger entities such as Ottobock. Established between 1993 and 2021, these firms vary in size, with many managing between 11-50 employees. Notably, in 2024 alone, they executed 77 deals, showcasing a robust appetite for investments in rehabilitation fitness equipment. Their focus centers around innovative startups, indicating a belief in the sector's growth potential in enhancing health and rehabilitation services.


Top 16 Rehabilitation Fitness Equipment 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 aims to enhance the operations of its clients, which primarily include businesses in the healthcare sector. Notably, SHS Capital has made significant investments in companies relevant to rehabilitation and medical technology. For instance, they invested in Tyromotion, a company known for its innovative rehabilitation solutions, during its seed round in 2016. Additionally, SHS Capital acquired Medical Technology Rostock in 2024, further expanding its portfolio in the medical technology space. Their investment in Betterguards Technology GmbH also reflects their commitment to building a diversified portfolio in medical technology and life sciences, which may include rehabilitation fitness equipment. Overall, SHS Capital's focus on healthcare and their specific transactions in rehabilitation-related companies position them as a relevant investor in the rehabilitation fitness equipment industry.


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 venture capital organization based in Zurich, Switzerland, founded in 2014. It connects smart money investors with innovative Swiss early-stage technology startups, providing 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 Alip Training, which focuses on fitness and rehabilitation, and BEAT Fitness, which also operates within the fitness sector. These investments highlight Sictic's engagement in the rehabilitation fitness equipment context, showcasing their commitment to supporting startups in this industry.


3. 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 funding but also expertise and resources to help these businesses thrive. Among their notable transactions, they have invested in SkillYoga, which focuses on yoga and wellness, and machtfit, a platform that promotes fitness and health solutions. These investments highlight IBB Ventures' engagement in the fitness sector, which is closely related to rehabilitation fitness equipment, showcasing their commitment to supporting innovative solutions in health and wellness.


4. 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. Notably, Bayern Kapital has been involved in significant transactions within the rehabilitation fitness equipment context, including multiple funding rounds for EGYM, a company that has raised substantial capital to enhance its fitness technology offerings. EGYM's focus on fitness solutions positions it within the rehabilitation fitness equipment industry. Additionally, Bayern Kapital's investment in Reactive Robotics, which develops robotic solutions for patient mobilization in intensive care, further demonstrates their commitment to supporting innovations that can aid in rehabilitation processes. This combination of investments highlights Bayern Kapital's active role in sectors that contribute to rehabilitation and fitness.


5. 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. The firm provides funding and strategic support to science and technology startups, particularly in sectors such as climate tech, industrial technology, and health & bio. Notable transactions include their investment in Scewo, an ETH spin-off focused on mobility solutions, and Piomic Medical, which is involved in medical technology. These investments highlight Verve Ventures' commitment to supporting innovative health-related companies, making them a potential player in the rehabilitation fitness equipment space.


6. 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 a Geneva-based investment advisory firm founded in 2000, specializing in healthcare technology. The firm provides investment and strategic guidance to healthcare innovators, focusing on developing and commercializing transformative technologies aimed at improving patient care and modernizing healthcare systems. Notable transactions include their lead investment in Miach Orthopaedics, which raised $40 million to expand the commercialization of its BEAR® Implant, a product that aids in orthopedic rehabilitation. Additionally, Endeavour Vision led a $40 million financing round for VertiFlex, a company that develops minimally invasive interventions for spinal stenosis, which is relevant to rehabilitation. Their portfolio also includes investments in Nalu Medical and Nuvaira, both of which focus on medical devices that can enhance patient recovery and rehabilitation processes. Overall, Endeavour Vision's focus on healthcare technology and their specific investments in rehabilitation-related companies position them as a significant player in the rehabilitation fitness equipment sector.


7. Ottobock

  • Website: ottobock.com
  • Type: Corporate
  • Headquarters: Duderstadt, Lower Saxony, Germany
  • Founded year: 1919
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: otto-bock

Ottobock SE & Co. KGaA is a prominent medical device manufacturer based in Duderstadt, Lower Saxony, Germany, specializing in orthopedic technology. Founded in 1919, the company has established itself as a leader in providing innovative solutions aimed at improving mobility for individuals with disabilities. Ottobock's product range includes prosthetics, orthotics, wheelchairs, and exoskeletons, catering to amputees and healthcare professionals. In recent years, Ottobock has made significant strides in the rehabilitation sector through strategic acquisitions. In January 2023, they acquired Pace Rehabilitation, a UK-based provider of prosthetic and rehabilitation services, enhancing their patient care network. Additionally, in February 2022, they acquired Veldink4kids, a company specializing in children's wheelchairs, further demonstrating their commitment to rehabilitation solutions. These transactions highlight Ottobock's active role in the rehabilitation fitness equipment industry, making them a relevant investor in this space.


8. 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 supports exceptional, mission-driven founders throughout their entrepreneurial journey, focusing on startups across various sectors, including climate tech, AI, and digital health. Notably, Atlantic Labs has invested in Caspar Health, which raised significant funding in Series A and Series B rounds. Caspar Health is a Berlin-based company that develops digital health solutions aimed at creating new care models for hospitals and their patients, which aligns with rehabilitation and fitness. Their involvement in such transactions highlights their commitment to supporting innovations in health and wellness, making them a strategic partner for startups in the rehabilitation fitness equipment space.


9. 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. They have a diverse portfolio, including significant investments in the fitness and health sector. Notably, they participated in funding rounds for VAHA, a manufacturer of smart digital mirrors that cater to the fitness market, particularly during the pandemic when demand for smart fitness solutions surged. Additionally, HV Capital has invested in Urban Sports Club, a Berlin-based company that has raised substantial funding to enhance health and fitness services across Europe. These transactions highlight HV Capital's engagement in the rehabilitation fitness equipment space, showcasing their commitment to supporting innovative solutions in this industry.


10. Possible Ventures

  • Website: possible.ventures
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2021
  • Headcount: 1-10
  • Number of deals in 2024: 9
  • LinkedIn: possible-vc

Possible Ventures is a venture capital firm based in Munich, Bavaria, Germany, founded in 2021. The firm has a small team and has made 9 investments in 2024. One of their notable investments is in Exakt Health, a health-tech startup that provides digital physiotherapy solutions aimed at making MSK healthcare accessible across Europe and the U.S. This investment highlights Possible Ventures' commitment to supporting innovative health solutions that can aid in rehabilitation. Additionally, they have invested in BEAT81, a fitness technology company, which further demonstrates their interest in the fitness sector. Overall, Possible Ventures is focused on investing in companies that enhance health and wellness, making them a potential player in the rehabilitation fitness equipment space.


11. yabeo

  • Website: yabeo.de
  • Type: Venture Capital
  • Headquarters: Pullach, Bavaria, Germany
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: yabeo

yabeo is a venture capital firm based in Pullach, Bavaria, Germany, founded in 2013. The firm specializes in investing in tech startups across various sectors, including HealthTech and FinTech. yabeo provides funding and strategic support to visionary founders, helping them navigate the challenges of growth and innovation. They manage multiple investment funds and actively engage with their portfolio companies to drive success. Notable transactions include norahealth.ai, which raised $3.5 million in a Seed Round in June 2023, indicating a focus on health-related technologies. Other investments include Restube, Libify, and Pflegebox, which, while not directly related to rehabilitation fitness equipment, demonstrate yabeo's active engagement in the health sector. This involvement in HealthTech positions yabeo as a potential investor in rehabilitation fitness equipment, although their specific focus on this niche is not explicitly stated.


12. HBM Partners AG


HBM Partners AG is an investment management firm based in Zug, Switzerland, specializing in healthcare investments. Founded in 2001, the firm focuses on venture, growth, and buy-out financing for private companies, as well as public company investments in the biopharma, medtech, diagnostics, and healthcare sectors. Notably, HBM Partners has made significant investments in companies like Reha Technology AG, which specializes in rehabilitation technology, indicating their commitment to enhancing value in the rehabilitation fitness equipment space. Additionally, they have been involved in other healthcare-related transactions, such as Vascular Dynamics and Shape Memory Medical, showcasing their broader focus on innovative healthcare solutions.


13. Think.Health

  • Website: think-health.de
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 3

Think.Health is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2007. The firm specializes in investing in early-stage and growth opportunities within the healthcare sector, including digital healthcare, medical technologies, and health service providers. They actively support their portfolio companies by providing advisory services to help them navigate the complex healthcare landscape. Notably, Think.Health has invested in Caspar Health, which raised a total of €5.3 million in a Series A round in 2020, aimed at developing innovative care models for hospitals and patients. This investment aligns with rehabilitation and fitness, as it focuses on improving patient care and outcomes. Additionally, their earlier investments in Caspar Health during its seed rounds further demonstrate their commitment to healthcare innovation. While they have also invested in companies like Urban Sports Club and Newsenselab, which may not directly relate to rehabilitation fitness equipment, their overall focus on healthcare ventures suggests a potential relevance to the rehabilitation sector.


14. Vtc


VTC GmbH & Co.KG is a private equity investment holding company based in Flensburg, Schleswig-Holstein, Germany, founded in 1992. The firm focuses on acquiring and developing industrial companies across diverse sectors. VTC provides strategic support and investment management services to its portfolio companies. Notably, VTC has made significant investments in the fitness market, including the acquisition of JK Products & Services GmbH, known as Ergoline, which strengthens its position in the beauty and fitness markets. This acquisition highlights VTC's commitment to the fitness sector, which may include rehabilitation fitness equipment. Additionally, VTC has been active in other industries, such as the sunbed industry through its acquisition of JK-Holding GmbH, and continues to expand its portfolio with recent acquisitions like HLU in 2024.


15. Steadfast Capital GmbH


Steadfast Capital GmbH is a private equity firm based in Frankfurt, Hesse, Germany, founded in 2001. The firm specializes in management buy-outs and growth investments for medium-sized enterprises, providing tailored financial solutions and strategic support to help businesses navigate transitions and expand into new markets, primarily in Germany and neighboring countries. Notably, Steadfast Capital has been involved in significant transactions such as the acquisition of W.Söhngen in May 2019, which may relate to the fitness or rehabilitation sector. Additionally, they participated in the funding round for Tempo, a high-tech interactive home weight training system, which raised $220 million in April 2021. This involvement in innovative fitness technology highlights their interest in the fitness equipment market, including potential applications in rehabilitation.


16. bmp Ventures

  • Website: bmp.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 1997
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: bmpventures

bmp Ventures AG is a venture capital firm based in Berlin, Germany, founded in 1997. The firm specializes in investing in early-stage and growth startups across various innovative sectors, providing not only financial resources but also strategic advisory services to help startups navigate their growth journey. Their clientele primarily consists of tech companies and entrepreneurs seeking to develop and scale their business models. Notably, bmp Ventures has been involved in transactions such as RAYDIAX, which secured €3.5 million to develop a therapy assistance computed tomography system for minimally invasive cancer treatments, indicating their interest in health technology. Additionally, they participated in the Pre Seed round for XenoPatch GmbH, which may also have relevance in the rehabilitation context. These transactions highlight bmp Ventures' engagement in sectors that could intersect with rehabilitation fitness equipment.



Rehabilitation Fitness Equipment Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
SHS CapitalGermany11-5019932
SicticZurich, Zurich, Switzerland201-500201477
IBB VenturesBerlin, Berlin, Germany11-50199718
Bayern KapitalLandshut, Bavaria, Germany11-50199527
Verve VenturesZurich, Zurich, Switzerland11-50201025
Endeavour VisionGeneva, Geneva, Switzerland11-5020002
OttobockDuderstadt, Lower Saxony, Germany5001-1000019192
Atlantic LabsBerlin, Berlin, Germany11-50201313
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
Possible VenturesMunich, Bavaria, Germany1-1020219
yabeoPullach, Bavaria, Germany11-5020133
HBM Partners AGZug, Zug, Switzerland11-5020010
Think.HealthFlensburg, Schleswig-Holstein, Germany11-5020073
VtcFlensburg, Schleswig-Holstein, Germany1001-500019924
Steadfast Capital GmbHFrankfurt, Hesse, Germany11-5020010
bmp VenturesBerlin, Berlin, Germany11-5019973


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