The dermatology practice industry in DACH focuses on skin care, cosmetic treatments, and medical dermatology services. Companies range from specialized clinics to innovative product developers creating treatments for various skin conditions. The sector has seen a surge in demand for teledermatology and personalized skin care solutions amid growing health consciousness. Additionally, technology integration, such as AI and digital platforms, is shaping patient engagement and improving outcomes. Collaborations between tech startups and established dermatological firms are on the rise, paving the way for agile advancements that make treatments more accessible and specialized.


This list features 18 prominent investors in the dermatology practice sector. They include venture capitalists and corporate investors, primarily headquartered in Berlin, Munich, and Basel, with varying sizes and focuses. Stretching from early-stage ventures like IBB Ventures, founded in 1997, to corporate giants like Novartis, established in 1996, these investors collectively engaged in numerous deals throughout 2024. Their investment range illustrates their commitment to health and wellness, positioning them as pivotal players in an evolving market that places increasing emphasis on dermatological innovation.


Top 18 Dermatology Practice Investors in DACH


1. Novartis

  • Website: novartis.com
  • Type: Corporate
  • Headquarters: Basel, Basel, Switzerland
  • Founded year: 1996
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: novartis

Novartis AG, founded in 1996 and based in Basel, Switzerland, is a leading pharmaceutical company dedicated to developing and manufacturing innovative medicines that address serious diseases. With a workforce of over 10,000 employees, Novartis emphasizes research and development to enhance patient outcomes globally. In 2024, Novartis has been involved in several significant transactions, including a $30 million investment in Octave Bioscience, a company focused on precision medicine, which may have applications in dermatology. Additionally, they participated in a corporate round for Dren Bio, which raised $25 million. These investments indicate Novartis's active role in the healthcare sector, potentially including dermatological innovations, although their recent transactions do not specifically highlight dermatology-focused companies.


2. Nestlé

  • Website: nestle.com
  • Type: Corporate
  • Headquarters: Vevey, Vaud, Switzerland
  • Founded year: 1866
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: nestle-s-a-

Nestlé S.A. is a multinational food and beverage company founded in 1866, headquartered in Vevey, Vaud, Switzerland. With over 10,000 employees, Nestlé offers a diverse range of products, including coffee, dairy, and pet care items, while maintaining a commitment to sustainability. Notably, Nestlé acquired Galderma, a leading dermatology company, on November 2, 2014, which specializes in skin health and offers a variety of dermatological products. This acquisition highlights Nestlé's strategic interest in the dermatology sector. Additionally, Nestlé participated in a funding round for Prometheus Biosciences, a biotechnology company involved in developing treatments that may have implications for dermatological conditions. These transactions illustrate Nestlé's engagement in the dermatology practice industry, despite its primary focus on food and beverage.


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 in competitive markets. Among their notable transactions, IBB Ventures participated in the Series A financing of Medbelle, a startup focused on improving patient care in the medical field, which suggests an interest in healthcare innovations. They have also been involved in funding Krankenhaus, a healthcare-related startup, and vetevo, which focuses on veterinary care but indicates a broader interest in health-related sectors. These transactions highlight IBB Ventures' commitment to supporting innovative solutions in healthcare, including potential applications in dermatology practices.


4. Leaps by Bayer

  • Website: leaps.bayer.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: leapsbybayer

Leaps by Bayer is a venture capital firm based in Berlin, Germany, founded in 2015. It focuses on biotechnology and agriculture, investing in early-stage companies that pursue scientific breakthroughs to tackle significant global challenges in health and food security. Notably, Leaps by Bayer has participated in several relevant transactions in the dermatology sector, including leading a USD 17 million Series B financing round for Azitra, a company dedicated to developing innovative dermatological therapies. Additionally, it was a new investor in Zerigo Health, which raised $43 million in a Series B round; Zerigo Health specializes in connected skin therapy solutions. These transactions highlight Leaps by Bayer's commitment to supporting advancements in dermatology and related health technologies.


5. 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 investments in human medicine, biotechnology, medical technology, and diagnostics. The firm is known for seeking growth opportunities in the rapidly evolving healthcare market. Among its notable transactions, HBM led a $94.5 million Series C financing for Arcutis Biotherapeutics, which is developing treatments for plaque psoriasis and atopic dermatitis. This investment highlights HBM's commitment to supporting advancements in dermatological therapies. Additionally, they have participated in various funding rounds for other healthcare companies, further solidifying their role as a significant player in the healthcare investment landscape.


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 companies scale. Their investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, Speedinvest has been involved in several transactions relevant to the healthcare sector, such as Charles.co, a digital clinic focused on men's health, and Doctorly, a Berlin-based medical practice management software startup. These investments highlight Speedinvest's interest in healthcare technology, which could encompass dermatology practices as part of their broader investment strategy.


7. 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 approach and commitment to sustainability. Among their notable transactions, Partners Group has acquired Forefront Dermatology, a leading dermatology practice, from OMERS Private Equity, highlighting their active role in the dermatology sector. This acquisition allows existing physician owners to remain significant shareholders, indicating a collaborative approach to management. Additionally, Partners Group has invested in other healthcare-related entities, such as Axia Women's Health, further demonstrating their focus on the healthcare industry. Their diverse investment strategy and commitment to healthcare make them a relevant player in the dermatology practice investment landscape.


8. YZR Capital

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

YZR Capital is a Munich-based venture capital firm founded in 2021, specializing in health tech investments. The firm supports early-stage and growth-stage health tech startups across Europe by providing capital and healthcare-specific expertise. YZR Capital aims to empower entrepreneurs to innovate and improve the healthcare system. Notably, they have participated in several relevant transactions, including HAIR & SKIN, which raised nearly $4 million in Series B funding, focusing on skin health. Additionally, they invested in Kalia Lab and Filu, both of which are seed-stage companies, and in IQONIC.AI, which is developing AI models for hair analysis and health. These investments highlight YZR Capital's commitment to advancing technologies that can enhance dermatological practices and patient care.


9. 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. They support their clients with financial resources and access to a network of industry experts, helping them navigate growth challenges. Notably, Bayern Kapital has invested in GME Medical Engineering, which focuses on medical technologies, and iATROS, which raised significant funding for healthcare solutions. These transactions highlight their commitment to the healthcare sector, which includes potential applications in dermatology.


10. 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. They provide not only capital but also strategic guidance and HR support to empower entrepreneurs in building sustainable category leaders globally. Notably, Picus Capital has been involved in several transactions within the healthcare space, including significant investments in Avi Medical, a Munich-based healthcare platform that has raised multiple funding rounds (Seed, Series A, and Series B) to expand its operations and technology. Avi Medical's plans to launch 100 physical clinics over the next two years suggest a direct relevance to healthcare services, which may include dermatology practices. Additionally, Picus Capital's investment in Meddo, a healthcare startup, further emphasizes their commitment to the healthcare sector, making them a potential investor in dermatology practices.


11. 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 MedEasy, an online pharmacy in Bangladesh, which raised $750K to expand its services and address healthcare gaps. Additionally, they have made multiple investments in At-Home-Doc, a healthcare service provider, totaling over $4 million across various funding rounds. These transactions highlight Seedstars' commitment to the healthcare sector, making them a potential player in the dermatology practice investment landscape.


12. Vorwerk Ventures


Vorwerk Ventures is a venture capital fund based in Berlin, Germany, founded in 2007. The firm specializes in investing in early-stage startups across various sectors, including consumer products, food, health, and climate. Vorwerk Ventures provides seed and Series A funding, along with follow-on investments, to support innovative companies that aim to create a positive impact. Notably, they have invested in FORMEL Skin, a Berlin-based startup that raised €30M in a Series A funding round to develop a digital platform for long-term remote skin care. This investment highlights their commitment to health-related innovations, particularly in dermatology. Additionally, they have invested in Avi Medical, a healthcare platform that plans to launch physical clinics, further demonstrating their engagement in the health sector.


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. They have been active in the healthtech sector, notably investing in Wellster Healthtech Group, which raised significant funding in multiple rounds (Pre-Seed, Seed, and Venture) to enhance its digital health services. Additionally, HV Capital participated in the funding of YepDoc, a health-related startup, further showcasing their interest in health technology. Their investment in Felmo, a pet health startup, also reflects their broader interest in health-related ventures. These transactions highlight HV Capital's commitment to supporting innovative health solutions, which could extend to dermatology practices as the industry increasingly adopts digital health technologies.


14. 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, specializing in early-stage investments in innovative startups across various sectors. Founded in 2000, the firm has a strong focus on providing financial backing and support to entrepreneurs, helping 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 invested in SamanTree Medical, which raised $14 million in a Series B round in July 2024, focusing on cancer surgery technology that could have applications in dermatology. They also invested in Retinai, which raised approximately $6.2 million in a Series A round in May 2024, indicating their interest in healthcare innovations. These transactions highlight their engagement in sectors that intersect with dermatology practices.


15. Beiersdorf

  • Website: beiersdorf.com
  • Type: Corporate
  • Headquarters: Hamburg, Hamburg, Germany
  • Founded year: 1882
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: beiersdorf

Beiersdorf AG, founded in 1882 and based in Hamburg, Germany, is a leading personal care manufacturer known for its skin care products, including trusted brands like NIVEA and Eucerin. The company is committed to innovation and sustainability in product development. Recently, Beiersdorf has made significant strides in the dermatology sector through its corporate venture capital platform, OSCAR&PAUL. Notably, it acquired a stake in Dermanostic, a digital health startup that offers app-based dermatological diagnosis services, enhancing Eucerin's digitalization strategy. Additionally, Beiersdorf acquired a majority stake in S-Biomedic, a Belgian life-science company specializing in skin microbiome research, aimed at improving acne treatment and skin care solutions. These transactions highlight Beiersdorf's strategic focus on dermatology and its commitment to advancing skin care innovation.


16. 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 innovative startups, they provide capital, mentorship, and resources to founders in various sectors, including SaaS and mobility. Notably, Cherry Ventures has participated in significant funding rounds for FORMEL Skin, a Berlin-based startup that has developed a digital platform for long-term remote skin care. They supported FORMEL Skin through multiple funding stages, including a €30M Series A round in December 2021, a Seed round in December 2020, and a Pre-Seed round in December 2019. This involvement highlights their interest in the dermatology practice sector and their commitment to supporting impactful health tech solutions. Additionally, they have invested in Manual, a men's health platform, which, while not directly related to dermatology, indicates their broader interest in health and wellness sectors.


17. GISEV Family Office


GISEV Family Office is a wealth management firm based in Lugano, Ticino, Switzerland, founded in 2017. They specialize in providing integrated financial advisory services to high-net-worth families, focusing on strategic consulting, family governance, asset management, and philanthropic advisory. GISEV has been involved in several notable transactions in the skincare and health sectors, including a $15 million investment in Symbiome, a skincare brand, and participation in a $6 million funding round for Revea, which aims to enhance on-demand skincare solutions. Additionally, they invested in Seed Health, which focuses on microbial stabilization technologies, and Elysium Health, which is involved in health product development and clinical trials. These transactions highlight GISEV's engagement in the dermatology and skincare industries, reinforcing their relevance as an investor in this field.


18. 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. They focus on supporting exceptional, mission-driven founders throughout their entrepreneurial journey, providing both capital and strategic guidance. Atlantic Labs invests in startups across various sectors, including climate tech, AI, and notably, digital health. Their investment portfolio includes significant transactions in the health sector, such as Doctor.One, which raised $2,205,767 in a Seed Round in April 2022, indicating a commitment to healthcare innovation. They also invested in Steady Health and Cara Care, which, while not exclusively dermatology-focused, are part of the digital health landscape that can intersect with dermatological care. This diverse investment strategy positions Atlantic Labs as a relevant player in the health tech space, including potential applications in dermatology.



Dermatology Practice Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
NovartisBasel, Basel, Switzerland10001+19967
NestléVevey, Vaud, Switzerland10001+18662
IBB VenturesBerlin, Berlin, Germany11-50199718
Leaps by BayerBerlin, Berlin, Germany11-50201516
HBM Healthcare Investments AGZug, Zug, Switzerland1001-500020018
SpeedinvestVienna, Vienna, Austria51-200201145
Partners GroupBaar, Zug, Switzerland1001-5000199619
YZR CapitalMunich, Bavaria, Germany1-1020219
Bayern KapitalLandshut, Bavaria, Germany11-50199527
Picus CapitalMunich, Bavaria, Germany11-50201528
SeedstarsCarouge, Geneva, Switzerland201-50020126
Vorwerk VenturesBerlin, Berlin, Germany11-5020077
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
b2ventureSt. Gallen, St. Gallen, Switzerland11-50200015
BeiersdorfHamburg, Hamburg, Germany10001+18821
Cherry VenturesBerlin, Berlin, Germany11-50201225
GISEV Family OfficeLugano, Ticino, Switzerland11-5020170
Atlantic LabsBerlin, Berlin, Germany11-50201313


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