The medical courier industry in the Nordics plays a crucial role in the healthcare system, ensuring the timely delivery of medical supplies, samples, and equipment. Companies in this sector range from specialized logistics firms focused exclusively on healthcare to larger transportation companies that offer medical courier services as part of their broader operations. These businesses prioritize strict temperature control, compliance with regulatory standards, and speed of service. As telemedicine and rapid diagnostics expand, the demand for efficient medical couriers is steadily increasing, driving innovation in tracking systems, temperature management solutions, and seamless integration with healthcare providers.


The landscape of investors in the Nordic medical courier sector showcases a blend of venture capital, private equity, and corporate investors. Predominantly headquartered in Stockholm, with a few notable examples in Copenhagen and Hellerup, these investors have varying team sizes from small firms to large corporations. Founded between 1936 and 2015, they collectively engaged in over 160 investment deals in 2024, reflecting a strong interest in healthcare logistics, with firms like Almi and Novo Holdings leading the charge.


Top 17 Medical Courier Investors in the Nordics


1. 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 investment firm founded in 1994, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Based in Stockholm, Sweden, EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant strides in the healthcare sector, exemplified by their acquisition of Icon Group, Australia's largest cancer care service provider, which aligns with their strategy to expand healthcare investments. Additionally, their acquisition of Envirotainer, a leader in temperature-controlled air cargo solutions, further highlights their interest in logistics that supports the medical industry. These transactions reflect EQT's commitment to investing in sectors that are crucial for healthcare delivery and logistics, making them a relevant player in the medical courier space.


2. 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 focuses on investing in life science companies at various stages of development. The firm provides capital and strategic support to enhance healthcare solutions. Notable transactions include their investment in Inogen, Inc., which raised $20 million to support its growth in the homecare community, and their acquisition of Single Use Support, which may relate to medical logistics. Additionally, their investment in Envirotainer, a company specializing in temperature-controlled air cargo solutions, highlights their involvement in healthcare logistics, making them a significant player in the medical courier context.


3. 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 through tailored financial solutions and guidance. Notably, Almi has invested in several companies relevant to the medical sector, including Njord Medtech, which raised SEK 8 million in funding, and Medarca, a software developer that secured SEK 4 million from Almi to support its growth in the medical field. These transactions highlight Almi's engagement in the healthcare industry, which is closely related to medical courier services.


4. VNV Global AB

  • Website: vnv.global
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1996
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: vostok-new-ventures-ltd

VNV Global AB is a venture capital firm based in Stockholm, Sweden, founded in 1996. The firm focuses on providing capital and expertise to innovative companies across various sectors, including Mobility and Digital Health. VNV Global aims to support mission-driven entrepreneurs in developing scalable and sustainable business models, emphasizing long-term profitability and strong market positions. Notably, VNV Global has participated in several transactions relevant to the delivery and logistics space, such as Dostavista and Wefast, both of which are same-day delivery services. Additionally, they invested in Borzo, a delivery startup that operates in multiple countries and has a significant customer base. These investments highlight VNV Global's engagement in the logistics sector, which is closely related to medical courier services.


5. Elanders

  • Website: elanders.com
  • Type: Corporate
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 1908
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: elanders

Elanders is a logistics and printing company founded in 1908, headquartered in Gothenburg, Västra Götaland, Sweden. With a workforce of 5001-10000 employees, Elanders offers integrated solutions within supply chain management across various industries, including Automotive, Electronics, and Health Care. In 2024, Elanders made a significant move by acquiring 88.5% of Bishopsgate, a UK company that specializes in the special transportation and installation of medical devices and advanced technical equipment, for GBP 47.5 million. This acquisition is part of Elanders' strategy to enhance its Life Cycle Management services, particularly in the healthcare sector. Additionally, Elanders previously acquired Bonds World Wide Holdings Limited, which also focuses on transportation and installation of advanced technical equipment, further solidifying its commitment to the medical logistics space. These transactions highlight Elanders' active role in the medical courier industry, making it a relevant investor in this sector.


6. 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 a Stockholm-based investment company founded in 1936, known for partnering with innovative entrepreneurs across various sectors, including healthcare, software, marketplaces, and climate tech. They provide both capital and operational support to help companies scale and create long-term value. Kinnevik's investment strategy focuses on redefining industries and addressing global challenges through strategic investments. Notably, Kinnevik has participated in funding rounds for Instabee, which raised over $46 million in 2023, indicating their interest in logistics solutions that could be relevant to medical courier services. Additionally, their involvement with Budbee, a logistics startup, showcases their commitment to the logistics sector, which is closely related to medical courier services. This diverse portfolio highlights Kinnevik's potential relevance in the medical courier space.


7. 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, aiming to create long-term value and sustainability. Among its relevant transactions, Nordic Capital acquired GesundHeits GmbH Deutschland, a company likely involved in healthcare logistics, in 2014. Additionally, the firm has invested in Advanz Pharma, a global pharmaceutical company, in 2024, which may require medical courier services for distribution and logistics. These transactions highlight Nordic Capital's engagement in the healthcare sector, reinforcing its potential relevance to the medical courier industry.


8. DSV - Global Transport and Logistics

  • Website: dsv.com
  • Type: Corporate
  • Headquarters: Hedehusene, Denmark
  • Founded year: 1976
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: dsv

DSV - Global Transport and Logistics, founded in 1976 and headquartered in Hedehusene, Denmark, is a leading logistics company specializing in transport and logistics solutions. With over 10,000 employees, DSV operates across air, sea, road, and rail transport, catering to various sectors, including automotive and healthcare. The company focuses on optimizing supply chains and ensuring efficient delivery of goods globally. Notably, DSV has made significant acquisitions to enhance its logistics capabilities, including the acquisition of Panalpina for $4.658 billion in 2019, which expanded its presence in the healthcare logistics sector. In 2024, DSV announced its intention to acquire DB Schenker for €14.3 billion, further solidifying its market position. These strategic moves indicate DSV's commitment to enhancing its logistics services, including those relevant to medical courier operations.


9. Verdane

  • Website: verdane.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • Number of deals in 2024: 7
  • LinkedIn: verdane-capital

Verdane is a private equity investment firm based in Oslo, Norway, founded in 1985. The firm specializes in growth equity investments in technology-enabled companies, providing capital and hands-on support to help businesses scale. Verdane focuses on digitalization and decarbonization trends, primarily targeting technology companies looking to enhance their market position and operational efficiency. Notably, Verdane has made significant investments in the healthcare and logistics sectors, including a stake in Evondos, a Finnish automated medicine dispensing company, which highlights their commitment to healthcare innovation. Additionally, their involvement in funding rounds for Ingrid, a SaaS delivery platform, showcases their interest in logistics solutions that could intersect with medical courier services. Verdane's diverse portfolio and strategic focus on technology-driven growth make them a noteworthy investor in the medical courier space.


10. Polaris Private Equity


Polaris Private Equity is a private equity firm based in Copenhagen, Denmark, founded in 1998. The firm specializes in investment management, focusing on supporting mid-sized companies in the Nordic region through tailored investment strategies, including private equity, flexible capital, and public equity. Polaris partners with management teams to drive growth and operational improvements, helping these companies realize their full potential. Notably, Polaris has been involved in significant transactions within the logistics and courier sectors, including the acquisition of Link Logistics A/S, Denmark's largest broker in Express and Courier transportation services, in December 2019. This acquisition highlights their commitment to the courier industry. Additionally, they have made other acquisitions such as Jetpak, which also operates in the logistics space, further demonstrating their engagement in sectors that could intersect with medical courier services. Their recent acquisitions, including FaunaPharma and Salfarm, suggest a broader interest in healthcare-related logistics, reinforcing their relevance in the medical courier context.


11. Innovestor

  • Website: innovestorgroup.com
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 12
  • LinkedIn: innovestor

Innovestor is an investment management company based in Helsinki, Finland, specializing in venture capital, real estate, and energy storage. Founded in 2014, Innovestor provides funding and support to early-stage startups and corporations, with a strong focus on technology and life sciences. They offer services such as investment advice, corporate venturing, and participation in accelerator programs. Notably, Innovestor has been involved in several transactions relevant to the medical courier context, including a €1 million investment in Monidor Oy, a Finnish medtech startup focused on bringing innovative medical devices to market. Additionally, they have invested in logistics companies like OGOship, which operates in e-commerce logistics, and Shipit Oy Ab, which has developed an automated service platform for shipment management. These investments highlight Innovestor's engagement in sectors that intersect with medical logistics and courier services.


12. Accent Equity


Accent Equity is a private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in investments in private Nordic companies, focusing on enhancing the value of its portfolio through strategic management and investment. Accent Equity aims to create sustainable growth and superior returns for its clientele across multiple sectors. Notably, they have been involved in several acquisitions that may intersect with the logistics and courier industry, such as Jetpak, a courier service acquired in 2006, and Tempcon Group, which operates in temperature-controlled logistics. Additionally, they acquired Tommy Nordbergh Åkeri, a transport company, and Textilia, which provides laundry services, potentially relevant to medical facilities. Their most recent acquisition, Lyngsoe Systems, supports their growth strategy in logistics technology. These transactions suggest a capability and interest in sectors that could relate to medical courier services, although their primary focus remains broader.


13. Getinge

  • Website: getinge.com
  • Type: Corporate
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 1990
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: getinge

Getinge is a corporate investor based in Gothenburg, Västra Götaland, Sweden, founded in 1990. As a leading medical technology company, Getinge specializes in providing advanced equipment and systems aimed at improving patient care in various healthcare settings, including intensive care and surgical procedures. With a workforce of over 10,000 employees, Getinge has made significant investments to enhance its offerings in the healthcare sector. Notably, in 2024, Getinge acquired Paragonix Technologies, Inc. for approximately USD 477 million, which aims to strengthen their position in the organ transport market, a critical area for medical couriers. Additionally, their acquisition of Cetrea for €12 million in 2014, which focuses on healthcare IT for clinical logistics and patient flow management, further demonstrates their commitment to improving logistics in healthcare. Other acquisitions, such as Stericool and Ultra Clean Systems Inc., also reflect Getinge's strategy to enhance its infection control and sterile processing capabilities, which are essential in the medical courier context.


14. Indutrade Life Science

  • Website: indutrade.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 1001-5000
  • Number of deals in 2024: 14
  • LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company is part of a larger industrial group that specializes in developing and acquiring companies with high technical expertise across various sectors, including technology and industrial products. In recent years, Indutrade has actively expanded its presence in the life sciences sector through strategic acquisitions. Notable transactions include the acquisition of Oscar Medtec, a leading supplier of medical refrigerators and examination furniture, and MeHow Medical, an Irish medical device and engineering company. Additionally, they acquired Miclev Medical Products, enhancing their life science segment. These transactions reflect Indutrade's commitment to providing innovative solutions in the medical field, which aligns with the logistics and distribution needs of the medical courier industry.


15. 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. It 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 been involved in several transactions relevant to the healthcare sector, including a significant investment in Dignio, a Norwegian health technology company, where they contributed NOK 20 million in a Series A funding round. They also participated in the funding of Cimon Medical, a startup focused on ultrasound technology, indicating their active role in the medical technology landscape. These investments suggest that Investinor is not only focused on general venture capital but also has a stake in the healthcare industry, which may include medical courier services.


16. Creandum

  • Website: creandum.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: creandum

Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. They specialize in supporting early-stage entrepreneurs in building global, category-defining companies across various sectors, including fintech and health tech. Creandum provides venture capital investment, strategic support, and networking opportunities to startups, nurturing them from seed to IPO. Notably, they have invested in Packfleet, a delivery startup, which raised over $10 million in Series A funding in 2024, and previously led an £8 million seed funding round for the same company in 2022. Additionally, Creandum participated in funding rounds for SafetyWing, a company that offers remote health insurance, raising $35 million in Series B and $8 million in Series A. These transactions highlight Creandum's engagement in sectors that intersect with medical courier services, particularly in health tech and logistics.


17. Nalka

  • Website: nalka.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: nalka

Nalka is a private equity investment firm based in Stockholm, Sweden, founded in 2015. The firm specializes in developing independent companies in the Nordic and DACH regions, providing investment management and strategic support to small- and medium-sized businesses. Nalka emphasizes sustainable growth and responsible ownership in its investment approach. Notable transactions include the acquisition of Best Transport Holding in 2020, a logistics and transportation company, which aligns with the medical courier industry. Additionally, Nalka was involved in the venture round for Asker Healthcare Group in 2019, indicating its engagement in the healthcare sector. These transactions highlight Nalka's commitment to supporting companies that operate in logistics and healthcare, making it a relevant player in the medical courier space.



Medical Courier Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Novo HoldingsHellerup, Denmark51-200199945
AlmiStockholm, Stockholm, Sweden201-50019947
VNV Global ABStockholm, Stockholm, Sweden1-1019961
ElandersGothenburg, Västra Götaland, Sweden5001-1000019082
KinnevikStockholm, Stockholm, Sweden11-50193610
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
DSV - Global Transport and LogisticsHedehusene, Denmark10001+19761
VerdaneOslo, Oslo, Norway51-20019857
Polaris Private EquityCopenhagen, Denmark51-20019984
InnovestorHelsinki, Uusimaa, Finland11-50201412
Accent EquityStockholm, Stockholm, Sweden11-5019944
GetingeGothenburg, Västra Götaland, Sweden10001+19901
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
InvestinorTrondheim, Trøndelag, Norway11-5020084
CreandumStockholm, Stockholm, Sweden11-50200317
NalkaStockholm, Stockholm, Sweden11-5020151


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