The magnetic resonance imaging (MRI) equipment industry in Benelux focuses on advanced medical imaging technologies used for diagnostics. Companies in this sector primarily develop and manufacture MRI machines, software solutions, and imaging-related devices aimed at hospitals and healthcare facilities. Continuous innovation is a hallmark of this industry, driven by the rising demand for non-invasive diagnostic tools. The integration of artificial intelligence in imaging processes is promising to enhance efficiency and precision. As healthcare evolves, so does the focus on patient-centered care, marking a significant shift toward personalized imaging solutions and improved health outcomes.


The investors in this list represent a mix of venture capital firms and corporate entities based across Benelux. Applicant sizes vary from small funds to large corporations, reflecting their investment scales and focus areas. Founded between 1980 and 2020, these firms have made notable strides in the healthcare investments realm, with 2024 highlighting over 200 total deals in medical technologies. Among them, firms like Gimv and Life Sciences Partners have successfully backed prominent MRI technology companies, displaying a keen eye for innovation in the medical imaging market.


Top 18 Magnetic Resonance Imaging Equipment Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has been involved in significant transactions within the medical imaging field, such as its support for Positrigo, a Swiss startup that raised funds for the commercialization of ultra-small brain PET scanners. The EIC has provided grants to Positrigo, including a €1.5 million grant for commercialization efforts and additional funding commitments for future financing rounds. This involvement highlights the EIC's role in advancing technologies that intersect with magnetic resonance imaging and related fields.


2. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB supports sustainable projects across various sectors, including healthcare. Notably, EIB has been involved in several transactions relevant to the magnetic resonance imaging equipment industry. For instance, it provided debt financing to NVision Imaging Technologies, which raised $16,402,800 in October 2024, and to medneo, which raised $34,996,483 in November 2017. Additionally, EIB has supported Median Technologies with multiple debt financing rounds, indicating a focus on companies that contribute to medical imaging advancements. These transactions highlight EIB's role in facilitating growth and innovation in the healthcare sector, particularly in medical imaging technologies.


3. Life Sciences Partners (LSP)

  • Website: lspvc.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1987
  • Headcount: 11-50
  • Number of deals in 2024: 15
  • LinkedIn: lsp-bioventures

Life Sciences Partners (LSP) is a venture capital firm based in Amsterdam, Netherlands, specializing in private equity investments within the healthcare sector. Founded in 1987, LSP connects investors with innovative healthcare companies, focusing on drug development and medical technology. The firm aims to foster advancements in healthcare that address unmet medical needs by providing capital and support. Notably, LSP has been involved in significant transactions in the medical technology space, including investments in Nexstim, a medical technology company, and LUMA Vision, which specializes in 4D cardiac imaging. Their investment in LUMA Vision, which raised substantial funding to develop imaging platforms, highlights LSP's engagement in the imaging technology sector, making them a relevant player in the magnetic resonance imaging equipment industry.


4. Gilde Healthcare


Gilde Healthcare is a venture capital firm based in Utrecht, Netherlands, specializing in healthcare investments. Founded in 1982, the firm manages over €2.6 billion across two fund strategies: Venture & Growth and Private Equity. Gilde Healthcare focuses on innovative healthtech and therapeutics companies, as well as profitable lower mid-market healthcare providers in Europe. Notably, Gilde Healthcare's RAD-x platform acquired IRD SA, a prominent diagnostic imaging provider, in January 2017, marking a significant step in their expansion within the European imaging market. This acquisition highlights Gilde's commitment to investing in sectors related to diagnostic imaging, which includes magnetic resonance imaging equipment. Other transactions, such as investments in companies like MicroTransponder and Vapotherm, further demonstrate Gilde's active role in the healthcare landscape, although they are not directly related to imaging equipment.


5. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has made significant investments in the healthcare sector, including Oldelft Ultrasound, a medical diagnostic company, and Onera Health, which focuses on polysomnography systems. These investments highlight Gimv's commitment to advancing medical technology, which aligns with the interests of the magnetic resonance imaging equipment industry.


6. Noshaq

  • Website: noshaq.be
  • Type: Venture Capital
  • Headquarters: Belgium
  • Founded year: 1985
  • Headcount: 11-50
  • Number of deals in 2024: 11
  • LinkedIn: noshaq-be

Noshaq is a venture capital investment fund based in Belgium, founded in 1985, that provides financial solutions and strategic support to small and medium-sized enterprises (SMEs) in the province of Liege. The firm focuses on funding, project structuring, and business development, particularly in sectors such as biotech and sustainable development. In recent years, Noshaq has been involved in several significant transactions in the medical technology field. Notably, they participated in a Series B funding round for SamanTree Medical, which raised $14 million in July 2024, a company that is likely engaged in medical imaging. Additionally, Noshaq was a key investor in Radiomics, which secured €6 million for projects including an imaging AI solution for lung cancer, indicating their involvement in innovative imaging technologies. These transactions highlight Noshaq's commitment to fostering growth and innovation in the medical imaging sector, particularly in relation to MRI technologies.


7. imec.xpand

  • Website: imecxpand.com
  • Type: Venture Capital
  • Headquarters: Leuven, Flanders, Belgium
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: imec.xpand

imec.xpand is a venture capital fund based in Leuven, Flanders, Belgium, founded in 2017. The fund specializes in providing investment and operational support to early-stage deep tech companies, particularly in the semiconductor and nanotechnology sectors. imec.xpand aims to foster innovation by leveraging imec's expertise and infrastructure to help startups navigate their development and market challenges. Notably, imec.xpand has participated in funding rounds for companies like LUMA Vision, which raised $22 million in Series A3 financing for their 4D cardiac imaging platform, and Onera Health, which has raised over €30 million in Series C funding to expedite the development of their sleep diagnostic systems. These transactions highlight imec.xpand's engagement in the imaging technology sector, which is relevant to magnetic resonance imaging equipment.


8. Pmv

  • Website: pmv.eu
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 11
  • LinkedIn: pmv-eu

Participatiemaatschappij Vlaanderen (PMV) is a public entity based in Brussels, Belgium, that acts as an investment company for the Flemish government. Founded in 2001, PMV provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors such as real estate, clean tech, and life sciences. PMV also offers consulting services to help businesses navigate investment challenges and achieve sustainable growth. Notably, PMV has participated in several funding rounds for companies in the medical technology sector, including Exact Imaging, which raised $21.5 million in a Series C round, and Pulsify Medical, which closed a Series A funding round. These transactions highlight PMV's engagement in the medical imaging and device industry, making it a relevant player in the context of magnetic resonance imaging equipment.


9. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC has a diverse investment portfolio, with notable transactions in the healthcare sector. For instance, they acquired I-MED Network Radiology in 2006, which is involved in radiology services, and invested in Spectrum Medical Group in 2022, a medical device company valued at up to £1 billion. These transactions highlight CVC's engagement in the medical field, particularly in areas that may intersect with magnetic resonance imaging technology.


10. Capricorn Partners


Capricorn Partners is a venture capital firm based in Leuven, Flanders, Belgium, founded in 1993. The firm specializes in venture capital, growth capital, and quoted equity funds, focusing on innovative companies across various sectors, including digital technologies, health, and clean technologies. They are committed to responsible investing, aiming to create both financial returns and strategic value for their clients. Notably, Capricorn Partners has participated in funding rounds for companies like icometrix, which develops advanced imaging solutions for neurological conditions, and Nexstim, which focuses on brain stimulation technologies. Their investments in health-related companies demonstrate their engagement in sectors that could intersect with magnetic resonance imaging technologies, making them a relevant player in this field.


11. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. In the healthcare sector, Exor has participated in significant transactions, including a Series A funding round for Kheiron Medical Technologies, which raised $22 million to conduct large-scale clinical trials of its technology. This involvement highlights Exor's commitment to advancing medical technologies. Additionally, Exor Ventures has invested in companies like Sava, which specializes in wearable biosensor technology, and CorVent Medical, which focuses on lifesaving devices for respiratory insufficiency. These investments demonstrate Exor's active role in the healthcare industry, making it a relevant player in the context of magnetic resonance imaging equipment.


12. Invest-NL

  • Website: invest-nl.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 51-200
  • Number of deals in 2024: 17
  • LinkedIn: invest-nl

Invest-NL is an impact investment firm based in Amsterdam, Netherlands, founded in 2020. They focus on financing sustainable and innovative projects, particularly in the energy and technology sectors. Invest-NL aims to support entrepreneurs with promising plans for societal transitions by mobilizing capital from various sources. Notably, they have participated in several funding rounds for health technology companies, including Onera Health, which raised significant amounts in Series B and C funding rounds to expedite the development of their polysomnography systems. Additionally, they have invested in Sirius Medical and Vitestro, both of which are involved in medical technology. These transactions highlight Invest-NL's engagement in the health sector, making them a relevant player in the context of magnetic resonance imaging equipment investments.


13. Innovation Industries


Innovation Industries is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. They specialize in deep tech investments, focusing on sectors such as industrial tech, med tech, and food & agri tech. Their mission is to catalyze growth in technology companies that can transform industries, addressing the funding challenges faced by these businesses. Notably, Innovation Industries has participated in significant funding rounds for companies like Onera Health, which raised over €30M in Series C funding to expedite the development of their medical systems, and Microsure, a developer of micro-surgical robotics. These transactions highlight their active role in the med tech space, which is relevant to the magnetic resonance imaging equipment industry.


14. Qbic Fund | Venture Capital

  • Website: qbic.be
  • Type: Venture Capital
  • Headquarters: Ghent, Flanders, Belgium
  • Founded year: 2012
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: qbic

Qbic Fund | Venture Capital is a venture capital fund based in Ghent, Flanders, Belgium, founded in 2012. The fund specializes in seed and early-stage investments in innovative companies across various sectors, with a strong emphasis on creating impact through technological breakthroughs. Qbic supports its portfolio companies throughout their growth, particularly in biotechnology and technology sectors. Notably, Qbic has invested in MOLECUBES, which raised 1.9M euro in seed capital for the launch of a family of desktop PET, SPECT, and CT scanners for 3D imaging of small animals, showcasing its engagement in the medical imaging field. Additionally, Qbic has participated in funding rounds for companies like Indigo Diabetes and Multiplicom, which, while not directly related to magnetic resonance imaging, indicate a broader interest in medical technology and diagnostics.


15. Holland Capital

  • Website: hollandcapital.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1981
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: holland-venture

Holland Capital is a venture capital and private equity investment firm based in Amsterdam, Netherlands, founded in 1981. The firm specializes in providing growth financing and buy-out capital to small and medium-sized enterprises, particularly in the technology, healthcare, and agrifood sectors. With over 40 years of experience, Holland Capital actively supports its portfolio companies to achieve optimal growth. Notably, they have invested in Quantib, which raised over $5.9 million in a Series A round in 2017, focusing on AI-driven imaging solutions that are relevant to magnetic resonance imaging. Additionally, they have been involved with Sirius Medical, which has raised significant funding across multiple rounds, indicating their commitment to advancing healthcare technologies that may include applications related to MRI. This combination of investments highlights Holland Capital's strategic focus on healthcare innovation, making them a relevant player in the magnetic resonance imaging equipment space.


16. 3B Future Health Fund I & II


3B Future Health Fund I & II is a venture capital firm based in Luxembourg, founded in 2016, that specializes in investing in early-stage healthcare companies, particularly those focused on oncology and rare diseases. The firm aims to improve patient outcomes through transformative treatments by providing financial support and strategic management to its portfolio companies. Notably, 3B Future Health Fund has participated in significant funding rounds for On Target Laboratories, which is developing CYTALUX, a molecular imaging agent that illuminates cancer during surgery. Their investment in this company highlights their engagement with innovative imaging technologies, which is relevant to the magnetic resonance imaging equipment sector. In addition to their involvement with On Target Laboratories, they have also invested in QuantuMDx Group, further showcasing their commitment to advancing healthcare technologies.


17. Ion Beam Applications (BRU: IBAB)


Ion Beam Applications (BRU: IBAB) is a corporate investor based in Ottignies-Louvain-La-Neuve, Wallonia, Belgium, founded in 1986. The company is a healthcare technology and industrial solutions provider that specializes in particle accelerator technology, offering advanced solutions for cancer treatment, medical imaging, and sterilization of medical devices. IBA's customers include hospitals and industrial clients who rely on their innovative technologies to enhance patient care and operational efficiency. In 2022, IBA acquired Modus Medical Devices Inc., a Canadian company specializing in quality assurance phantoms for radiation therapy, which aligns with their focus on medical imaging. More recently, in February 2024, IBA signed an agreement to acquire Radcal Corporation, a leader in diagnostic X-ray measurement, to enhance their Medical Imaging Quality Assurance offerings and strengthen their presence in the US market. These transactions highlight IBA's commitment to expanding its capabilities in the medical imaging sector, making them a relevant player in the industry.


18. HERAN Partners


HERAN Partners is a venture capital firm based in Antwerp, Flanders, Belgium, founded in 2020. The firm specializes in HealthTech investments, providing funding and strategic guidance to entrepreneurs in the health technology market. HERAN Partners aims to foster innovation and support the development of new health solutions. Notably, they have participated in several relevant transactions, including a £6.5 million investment in Hypervision Surgical, a London-based AI medical imaging startup, and a €5 million investment in Thirona, a company specializing in advanced analysis of thoracic CT images using artificial intelligence. These transactions highlight HERAN Partners' commitment to advancing medical imaging technologies, which aligns with the interests of the magnetic resonance imaging equipment sector.



Magnetic Resonance Imaging Equipment Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
Life Sciences Partners (LSP)Amsterdam, North Holland, Netherlands11-50198715
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212
GimvAntwerp, Flanders, Belgium51-20019808
NoshaqBelgium11-50198511
imec.xpandLeuven, Flanders, Belgium1-1020175
PmvBrussels, Brussels, Belgium51-200200111
CvcLuxembourg1001-5000200516
Capricorn PartnersLeuven, Flanders, Belgium11-5019935
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
Invest-NLAmsterdam, North Holland, Netherlands51-200202017
Innovation IndustriesAmsterdam, North Holland, Netherlands11-50201710
Qbic Fund | Venture CapitalGhent, Flanders, Belgium1-1020125
Holland CapitalAmsterdam, North Holland, Netherlands11-5019813
3B Future Health Fund I & IILuxembourg11-5020163
Ion Beam Applications (BRU: IBAB)Ottignies-Louvain-La-Neuve, Wallonia, Belgium1001-500019862
HERAN PartnersAntwerp, Flanders, Belgium1-1020200


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