The physical therapy and rehabilitation industry in Europe focuses on helping individuals recover and improve their physical abilities after injury or surgery. It comprises various companies, including therapy clinics, rehabilitation centers, medical technology firms, and digital health startups that provide innovative solutions like physical therapies, exercise regimens, and robotic assistance. Trends indicate a shift towards personalized therapy and integration of technology, such as virtual reality and telehealth services, to enhance patient experiences. With an increasing elderly population and chronic health issues, growth prospects look promising, as investments drive advancements, ensuring better rehabilitation outcomes for all.


This list focuses on 18 notable investors in Europe, including venture capital firms, corporate entities, and public organizations. Based in cities like Paris, London, and Amsterdam, these investors vary in size from small teams to large institutions, with many established since the late 20th century. Notably, in 2024, they engaged in over 400 investments within the physical therapy and rehabilitation sector, highlighting their commitment to supporting innovation and growth in this field. Each investor contributes unique insights and financial strategies that help shape the landscape of rehabilitation solutions.


Top 18 Physical Therapy and Rehabilitation Investors in Europe


1. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital firm based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through various services, including direct funding, export credit insurance, and private equity investments. The firm aims to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in several transactions relevant to the physical therapy and rehabilitation sector. For instance, they participated in a Series C funding round for Wandercraft, a developer of rehabilitation exoskeletons, which raised $45 million to enhance its product offerings and expand into the U.S. market. Additionally, Bpifrance was involved in earlier funding rounds for Wandercraft, including a Series B round that raised $17.8 million to support regulatory clearances for their exoskeleton. Furthermore, their investment in Hypno VR, a digital therapy startup, highlights their commitment to supporting innovative health solutions. These transactions underscore Bpifrance's active role in the physical therapy and rehabilitation industry.


2. 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 across different sectors. Notably, the EIC has been involved in funding projects relevant to physical therapy and rehabilitation, such as Reactive Robotics, which raised over $2.6 million to develop robotic assistance for early mobilization of intensive care patients. Additionally, the EIC has provided grants to NC Biomatrix and Hy2Care, both of which may have applications in health and rehabilitation, showcasing the EIC's commitment to advancing technologies that can improve patient care and rehabilitation outcomes.


3. DigitalHealth.London


DigitalHealth.London is a not-for-profit organization based in London, England, founded in 2016. It connects NHS staff, digital health companies, and academics to enhance health and care through digital innovation. The organization offers various programs, including the Accelerator and Digital Pioneer Fellowship, to support the adoption of digital solutions in the NHS. Notably, DigitalHealth.London has been involved in several transactions relevant to the physical therapy and rehabilitation context, such as Rewire Rehab, which raised funds in January 2023, focusing on rehabilitation solutions. Other transactions include RTW Plus, EQL, and TrackActive, which, while not explicitly stated as rehabilitation-focused, indicate a broader interest in health technology that could encompass physical therapy applications. Their commitment to supporting digital health innovations positions them as a relevant player in the physical therapy and rehabilitation investment landscape.


4. 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. Novo Holdings provides capital and strategic support to enhance healthcare solutions. Notably, it has been involved in several transactions relevant to the physical therapy and rehabilitation context. For example, it led a $65 million funding round for Nalu Medical, a company specializing in chronic neuropathic pain management, which is closely related to rehabilitation practices. Additionally, Novo Holdings participated in a funding round for Octave, which aims to expand its services and technology products that could benefit rehabilitation efforts. Their investment in SI-BONE also highlights their interest in orthopedic solutions, which are critical in physical therapy. Overall, Novo Holdings is actively engaged in sectors that intersect with physical therapy and rehabilitation.


5. SBRI Healthcare

  • Website: sbrihealthcare.co.uk
  • Type: Corporate
  • Headquarters: Twickenham, England, United Kingdom (UK)
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: sbri-healthcare

SBRI Healthcare is a not-for-profit healthcare innovation program based in Twickenham, England, founded in 2009. The organization provides funding and support to innovators and entrepreneurs who are addressing unmet health and care needs within the NHS and social care system. Their mission is to accelerate the development of innovative technologies and solutions that improve patient care and increase efficiencies in healthcare delivery. Notably, SBRI Healthcare has been involved in several relevant transactions, including a grant of $820,296 to Good Boost in May 2019, which focuses on enhancing physical therapy through innovative solutions. Additionally, they provided significant funding to Neurovirt, with grants totaling over $1.1 million in 2021 and further support in 2022 and 2023. These investments highlight their commitment to advancing technologies that can benefit physical therapy and rehabilitation practices.


6. 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, aiming to enhance their growth and competitiveness through tailored financial solutions. Almi has been involved in several transactions that are relevant to the health sector, including investments in Migränhjälpen, a digital care provider specializing in migraine treatment, which raised funds to develop its platform and hire medical staff. Additionally, Almi invested in PainDrainer, a company that raised funds for pain management solutions. These transactions indicate Almi's engagement in the health and rehabilitation space, making it a noteworthy investor in this context.


7. Sofinnova Partners


Sofinnova Partners is a venture capital firm based in Paris, Île-De-France, France, founded in 1972. The firm specializes in life sciences investments, particularly in biopharma and medtech sectors. They focus on supporting innovative healthcare startups through funding and strategic guidance. Notably, Sofinnova Partners has been involved in significant transactions within the physical therapy and rehabilitation context, such as their investments in Mainstay Medical, which raised substantial funding to commercialize the ReActiv8 system, a device aimed at improving rehabilitation outcomes. Their participation in multiple funding rounds for Mainstay Medical, including a $125 million round in 2024 and a $108 million round in 2021, highlights their active role in advancing technologies that support physical therapy. Additionally, their investment in ReCor Medical, which is developing the Paradise Renal Denervation System, further demonstrates their engagement in innovative medical technologies that may have implications for rehabilitation practices.


8. Enterprise Ireland


Enterprise Ireland is a public entity that serves as the Irish government's enterprise development agency, founded in 1998. It supports Irish businesses at all stages of their growth journey by providing funding, advisory services, and market access assistance. The agency focuses on helping companies scale and compete internationally across various industries, including technology and manufacturing. Notably, Enterprise Ireland has invested in companies like Salaso Health Solutions, which raised $110,069 in a seed round in 2016, indicating their involvement in the physical therapy space. Additionally, they participated in funding for Beyondbmi, a digital obesity clinic, which aligns with health and wellness initiatives. Their diverse investment portfolio, including health-related startups, showcases their commitment to supporting innovation in the health sector, including physical therapy and rehabilitation.


9. 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 relevant to physical therapy and rehabilitation, such as their investments in Rotation Medical, which focuses on rotator cuff repair systems, and Simplify Medical, which is developing spinal disc technologies. These investments highlight LSP's commitment to supporting innovations that can enhance rehabilitation practices and improve patient outcomes.


10. 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. Among their notable transactions, Gilde Healthcare invested in Fysius Rugexperts, a company likely involved in physical therapy, and co-led a significant funding round for Mainstay Medical, which is commercializing the ReActiv8 system, a device aimed at rehabilitation. Additionally, they have invested in other healthtech companies like MicroTransponder and Axonics Modulation Technologies, further showcasing their commitment to advancing healthcare solutions.


11. Agoranov

  • Website: agoranov.com
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 42
  • LinkedIn: agoranov

Agoranov is a startup incubator based in Paris, Île-De-France, founded in 2000. They specialize in supporting technology and science startups through personalized assistance, fully equipped facilities, and acceleration programs. With a focus on early-stage startups across various innovative sectors, Agoranov has been involved in several transactions that align with health and rehabilitation. Notable investments include Neuradom, which raised funds in 2016 and may focus on neurological rehabilitation, and Percko, which raised funds in 2015 and addresses posture correction, a key aspect of physical therapy. Other investments like Ezygain and Medjeduse also suggest a commitment to health-related innovations, further solidifying their relevance in the physical therapy and rehabilitation context.


12. Forbion

  • Website: forbion.com
  • Type: Venture Capital
  • Headquarters: Naarden, North Holland, Netherlands
  • Founded year: 2006
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: forbion-capital-partners

Forbion is a venture capital firm founded in 2006, located in Naarden, North Holland, Netherlands. It specializes in the life sciences and bioeconomy sectors, providing investment management and support to biotech companies. Forbion collaborates with entrepreneurs and academic institutions to address unmet medical needs and improve patient outcomes. Notably, Forbion has been involved in significant transactions such as Dyne Therapeutics, which raised funds for developing modern oligonucleotide therapeutics aimed at serious muscle diseases, highlighting their interest in therapies that may impact rehabilitation. Additionally, their investment in Acorda Therapeutics, which focuses on therapies for neurological conditions, further emphasizes their relevance in the rehabilitation context. Their diverse portfolio reflects a commitment to innovative therapies that can enhance patient care and recovery.


13. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In 2024, the EIB was involved in 99 investments, demonstrating its active role in financing initiatives that promote growth and job creation. Among its notable transactions in the physical therapy and rehabilitation context, the EIB provided €25 million in financing to Wandercraft, a French medical robotics company, to develop their Personal Exoskeleton, which aims to enhance patient access to rehabilitation technologies. Additionally, the EIB has engaged with companies like Ottobock, which specializes in prosthetics and orthotics, further emphasizing its commitment to supporting advancements in rehabilitation. These transactions highlight the EIB's involvement in the health sector, particularly in areas that directly impact physical therapy and rehabilitation.


14. 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 is a leading pharmaceutical company based in Basel, Switzerland, founded in 1996. The company is dedicated to developing and manufacturing innovative medicines aimed at addressing serious diseases across various therapeutic areas. Novartis emphasizes research and development to improve patient outcomes globally. In recent years, Novartis has made significant investments in companies that align with its focus on healthcare innovation. Notably, they acquired Kate Therapeutics for up to $1.1 billion, a firm specializing in gene therapies for inherited neuromuscular diseases, which is directly relevant to rehabilitation. Additionally, Novartis participated in the Series A funding of NuvoAir, a digital care platform that supports decentralized clinical trials, which could enhance rehabilitation practices. Their involvement in these transactions highlights their commitment to advancing healthcare solutions that can impact physical therapy and rehabilitation.


15. 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 private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in various investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the healthcare sector, including a 20% stake in Ottobock, a leading prosthetics manufacturer, which underscores their commitment to the rehabilitation industry. Additionally, their acquisition of Terveystalo Healthcare, a major healthcare provider, further highlights their focus on healthcare services, potentially including physical therapy and rehabilitation. These transactions reflect EQT's strategic interest in companies that contribute to health and rehabilitation solutions.


16. Bgf

  • Website: bgf.co.uk
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 53
  • LinkedIn: bgfinvestments

BGF Investment Management Limited is a venture capital firm based in London, England, founded in 2011. The firm focuses on providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland, addressing the funding gap in the market. BGF has been involved in several notable transactions within the healthcare sector, including a significant investment of over $10 million in Primary Care Physio in September 2023, which directly relates to physical therapy. They also invested in The Good Care Group and Connected Health, both of which operate in the healthcare space. Furthermore, their £3.85 million investment in Dolphin Homes, a specialist care provider for young adults with complex health needs, showcases their commitment to supporting businesses that contribute to rehabilitation and care services. Overall, BGF's portfolio reflects a strong interest in healthcare, making them a relevant player in the physical therapy and rehabilitation industry.


17. Scottish Enterprise


Scottish Enterprise is a public entity established in 1991, focused on economic development in Scotland. It provides a range of services including funding, business development advice, and support for innovation and exports. With a workforce of 1001-5000, it plays a crucial role in enhancing Scotland's economic landscape. In recent years, Scottish Enterprise has been involved in several significant transactions within the physical therapy and rehabilitation sector. For instance, they provided a funding grant to Össur to support the development of new upper limb prosthetic solutions, highlighting their commitment to advancing healthcare technologies. Additionally, they participated in a £1.5 million Seed investment in PhysioMedics, which is known for its PhysioWizard platform that aids in the assessment of muscle and joint problems. These investments reflect Scottish Enterprise's strategic focus on supporting innovative healthcare solutions, particularly in the physical therapy and rehabilitation domain.


18. Octopus Ventures

  • Website: octopusventures.com
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2008
  • Headcount: 51-200
  • Number of deals in 2024: 37
  • LinkedIn: octopus-ventures

Octopus Ventures is a venture capital firm based in London, UK, founded in 2008. They focus on backing founders and startups across a diverse range of sectors, including B2B Software, Bio, Climate, Consumer, Deep Tech, Fintech, and Health. With 37 investments in 2024 alone, they provide funding and strategic support to entrepreneurs, helping them navigate the challenges of building and scaling their businesses. Notably, Octopus Ventures has invested in Perci Health, a digital cancer support clinic, which raised £3.4m to expand its services and support NHS treatment facilities. They also led a €10.1 million Series A round for Quit Genius, a company that aims to assist individuals in quitting addictions through a digital therapy program. These transactions highlight their engagement in health-related sectors, which may include aspects of physical therapy and rehabilitation.



Physical Therapy and Rehabilitation Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
DigitalHealth.LondonLondon, England, United Kingdom (UK)11-5020161
Novo HoldingsHellerup, Denmark51-200199945
SBRI HealthcareTwickenham, England, United Kingdom (UK)11-5020093
AlmiStockholm, Stockholm, Sweden201-50019947
Sofinnova PartnersParis, Île-De-France, France51-200197225
Enterprise IrelandDublin, Dublin, Ireland501-1000199848
Life Sciences Partners (LSP)Amsterdam, North Holland, Netherlands11-50198715
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212
AgoranovParis, Île-De-France, France11-50200042
ForbionNaarden, North Holland, Netherlands11-50200623
European Investment Bank (EIB)Luxembourg1001-5000195899
NovartisBasel, Basel, Switzerland10001+19967
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
BgfLondon, England, United Kingdom (UK)51-200201153
Scottish EnterpriseGlasgow, Scotland, United Kingdom (UK)1001-5000199155
Octopus VenturesLondon, England, United Kingdom (UK)51-200200837


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