The population health management industry in the DACH region is essential for improving health outcomes by focusing on the overall wellness of communities. It involves various companies, from tech-driven startups providing health data analytics to traditional health services innovating their delivery methods. Businesses in this sector aim to address healthcare challenges through predictive analytics, digital health solutions, and proactive care management. As the industry evolves, there is a notable shift towards integrated health systems that prioritize patient engagement and preventative measures, signaling a growing trend of collaborative approaches to enhance population health.


This article highlights 18 prominent investors in the DACH region, a mix of venture capital firms and corporate investors, headquartered mainly in vibrant cities like Munich, Berlin, and Zurich. Spanning various sizes and founded between 1995 and 2020, these investors collectively participated in 225 funding rounds in 2024 alone. Their commitments reflect a strong interest in the population health management sector, underscoring the growth potential and innovation in this emerging market that appeals to investors aiming to support crucial health tech initiatives.


Top 18 Population Health Management Investors in DACH


1. Calm/Storm

  • Website: calmstorm.vc
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 13
  • LinkedIn: calm-storm

Calm/Storm Ventures is a venture capital firm based in Vienna, Austria, founded in 2020. The firm specializes in early-stage investments in health tech startups, focusing on purpose-driven founders. They provide capital, support, and networking opportunities to help these companies succeed in the competitive health tech landscape. Their portfolio includes diverse teams addressing sensitive health issues, which is crucial for population health management. Notable transactions include investments in kumi health, a startup focused on health solutions, and Suvera, which raised funds to enhance its health management offerings. Additionally, Livv Health and Oska Health, both of which received funding in 2024 and 2023 respectively, are also relevant as they aim to improve health outcomes. These investments reflect Calm/Storm's commitment to supporting innovations that can positively impact population health.


2. 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 pharmaceutical company based in Basel, Switzerland, founded in 1996. The company develops and manufactures 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 engaged in several transactions that reflect its commitment to population health management. For instance, they participated in a seed round investment for Patientory, which focuses on healthcare data management, raising $1.5 million in April 2023. Additionally, the Novartis Foundation has provided grants to startups like Medtech Africa, which aims to enhance healthcare access and delivery in Africa. These initiatives highlight Novartis's active role in supporting innovations that can lead to better health management and outcomes for populations.


3. Novartis Venture Fund

  • Website: nvfund.com
  • Type: Venture Capital
  • Headquarters: Basel, Basel, Switzerland
  • Founded year: 1996
  • Headcount: 11-50
  • Number of deals in 2024: 10

The Novartis Venture Fund is a venture capital firm based in Basel, Switzerland, specializing in life sciences investments. Founded in 1996, the fund focuses on providing funding and support to innovative biotechnology and biopharmaceutical companies, helping them develop novel therapeutics and address unmet patient needs. Notably, the fund has made significant investments in companies like Binx Health, which raised substantial funding across multiple rounds (including $35 million in Series D and $20 million in Series C) to develop health solutions that could enhance population health management. Their portfolio reflects a commitment to advancing healthcare technologies that can improve patient outcomes and address broader health challenges.


4. 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 capital but also expertise and resources to help these businesses thrive in competitive markets. Among their notable transactions, IBB Ventures participated in the seed financing round for Famedly, a startup focused on creating a digital data infrastructure for the healthcare sector, which is crucial for effective population health management. They also invested in Careloop, which may have implications for healthcare delivery and management. These investments highlight IBB Ventures' engagement in the healthcare space, particularly in areas that can influence population health outcomes.


5. 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. In 2024, Bayern Kapital was involved in 27 investments, showcasing their active role in the venture capital landscape. Notably, they have participated in several transactions relevant to population health management, including NeoPrediX, which raised $4,445,890 in Series A funding, and Ebenbuild, a healthtech company that secured €2.5 million in seed financing to develop a lung simulation prototype aimed at medical device approval. Their support for companies like Cliniserve and XO Life further emphasizes their focus on health-related innovations, making them a significant player in the healthtech investment space.


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 operations. Speedinvest's investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, they have made significant investments in the healthcare sector, including companies like Elephant Healthcare, which raised $13.6 million in Series A funding, and Medicus AI, which received funding in an Angel round. Additionally, they have invested in Doccla, a virtual ward company, which has raised substantial amounts in multiple funding rounds, including $45.9 million in Series B and $3.3 million in Seed Round. These transactions highlight Speedinvest's active role in supporting innovative healthcare solutions that contribute to population health management.


7. 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 venture capital firm based in Zurich, Switzerland, founded in 2010. The firm specializes in deep tech investments across Europe, providing funding and strategic support to science and technology startups. Their focus spans various sectors, including climate tech, industrial technology, and health & bio. Notably, Verve Ventures has invested in DomoHealth, which raised over $2 million in Series A funding in 2016, focusing on health data management and patient engagement. Additionally, they invested in Piavita, which raised $3 million in Series A funding in 2019, offering innovative health solutions. These transactions highlight Verve Ventures' active role in the health sector, particularly in areas that contribute to population health management.


8. Ananda Impact Ventures

  • Website: ananda.vc
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 6
  • LinkedIn: anandaventures

Ananda Impact Ventures is an impact investment firm based in Munich, Bavaria, Germany, founded in 2010. The firm specializes in supporting early-stage companies that aim to create significant social and environmental impact across various sectors, including healthcare, education, and sustainability. Ananda provides both investment and strategic support to entrepreneurs, helping them scale their operations and achieve their impact goals. Notably, Ananda has made significant investments in the healthcare sector, including a €5.3 million Series A investment in Caspar Health, which focuses on developing new care models for hospitals and patients. Additionally, they participated in a Series A round for DrDoctor, a healthtech company that enhances patient communication within the NHS. These transactions highlight Ananda's commitment to advancing population health management through innovative healthcare solutions.


9. HBM Healthcare Investments AG


HBM Healthcare Investments AG is a venture capital firm based in Zug, Switzerland, founded in 2001. The firm specializes in the healthcare sector, managing a diversified portfolio that includes investments in human medicine, biotechnology, medical technology, and diagnostics. In 2024, HBM Healthcare Investments made 8 investments, indicating an active engagement in the healthcare market. Notably, they have invested in Farmalisto, a company that has raised significant funding through multiple rounds, including a Series B round where they raised $18 million in December 2020 and additional rounds in 2022. These investments reflect HBM's commitment to supporting innovative healthcare solutions, which may align with population health management objectives.


10. 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 Komed Health, which raised over $1 million in seed funding to develop a communication platform aimed at improving healthcare delivery. Additionally, they participated in the seed round for Health Yourself, which raised over $500,000 in 2024, focusing on health management solutions. These investments highlight Sictic's commitment to supporting innovations in the healthcare sector, particularly in population health management.


11. 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 established itself as a key player in the European venture capital landscape, leveraging a community of angel investors to enhance its investment strategy. Notably, b2venture has invested in several digital health companies, including Heartbeat Medical, a German startup that raised €5M in Series A funding, and Vantis, which focuses on digital health solutions and has raised significant funding in multiple rounds. Their involvement in these transactions highlights their interest in the population health management sector, as these companies aim to improve healthcare delivery and patient outcomes through technology.


12. 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. In the health sector, Leaps by Bayer has made notable investments in companies like Huma, which raised substantial funding across multiple rounds (including $80 million in Series D in 2024 and $130 million in Series C in 2021) to scale its digital health platform. Additionally, their investment in Woebot Health, a company developing digital therapeutics for mental health, further emphasizes their commitment to innovative health solutions. These transactions highlight Leaps by Bayer's active role in supporting advancements in population health management through technology and digital health initiatives.


13. CompuGroup Medical SE & Co. KGaA

  • Website: cgm.com
  • Type: Corporate
  • Headquarters: Koblenz, Rhineland-Palatinate, Germany
  • Founded year: 1987
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: compugroup-medical-ag

CompuGroup Medical SE & Co. KGaA is a prominent healthcare software company based in Koblenz, Germany, founded in 1987. The company specializes in innovative solutions that enhance medical and organizational activities within healthcare settings. With a strong focus on electronic health records, practice management, and lab management, CGM serves healthcare providers globally, aiming to improve patient care and operational efficiency. In recent years, CGM has made significant acquisitions to bolster its presence in the health IT market, including the acquisition of eMDs for approximately USD 240 million, which enhances their offerings in the US health IT sector. Additionally, their acquisition of Medicus Laboratory Information Systems aims to strengthen their market presence in laboratory management software, further supporting population health management initiatives. Other notable acquisitions include m.Doc, a patient portal provider, which aligns with their strategy to enhance digital healthcare offerings. These transactions reflect CGM's commitment to advancing healthcare technology and improving population health outcomes.


14. Wellington Partners


Wellington Partners is a Munich-based venture capital firm founded in 1998, specializing in life sciences. The firm focuses on early- and growth-stage companies, providing both capital and strategic support to entrepreneurs in sectors such as therapeutics and medical devices. Notably, Wellington Partners has invested in Sidekick Health, a digital therapeutics company that raised $55 million in a Series B funding round in May 2022, and $20 million in an oversubscribed Series A funding round in October 2020. These investments are aimed at advancing the company's growth in Europe and the US, highlighting Wellington's commitment to innovative health solutions. Additionally, they participated in funding rounds for MinervaX, a biotech company developing a vaccine candidate for Group B Streptococcus, which is crucial for preventing life-threatening infections in newborns. This involvement in companies that focus on improving health outcomes positions Wellington Partners as a significant player in the population health management landscape.


15. 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 is dedicated to supporting exceptional, mission-driven founders throughout their entrepreneurial journey. They invest in startups across various sectors, including climate tech, AI, and notably, digital health. Atlantic Labs has been involved in several relevant transactions in the digital health space, such as their investments in Caspar Health, which raised funds in multiple rounds (Seed, Series A, and Series B) to develop innovative care models for hospitals and patients. This focus on digital health solutions positions Atlantic Labs as a strategic investor in the population health management sector, providing both capital and strategic guidance to help these businesses grow.


16. 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 based in Carouge, Geneva, Switzerland, founded in 2012. 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 health-related startups such as CMED Health, which raised funds in a seed round, and At-Home-Doc, which has received multiple rounds of funding totaling over $4 million. These investments highlight Seedstars' engagement in the health sector, particularly in solutions that can enhance population health management.


17. 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. Their mission is to empower entrepreneurs to challenge the status quo and build sustainable category leaders globally. Notably, Picus Capital has made significant investments in the healthcare sector, particularly in companies like Reliance Health and RelianceHMO. Reliance Health, a Nigerian e-health business, raised $40 million in a Series B funding round led by Picus Capital, demonstrating their commitment to supporting healthcare innovations. Similarly, RelianceHMO, which focuses on health management services, secured $40 million in Series B funding with Picus Capital's involvement. These transactions highlight Picus Capital's active role in the population health management landscape, as they provide not only capital but also strategic guidance to help these companies thrive in improving health outcomes.


18. Mtip


MTIP is an investment firm based in Basel, Switzerland, specializing in healthtech. Founded in 2014, MTIP provides growth equity investments and strategic support to healthtech companies across Europe, helping them scale and innovate within the healthcare sector. The firm partners with businesses to address funding challenges and enhance healthcare solutions. Notable transactions include investments in TytoCare, a telehealth solution; TrialBee, which focuses on patient engagement in clinical trials; Koa Health, a digital mental health provider; LynxCare, which aims to improve healthcare data management; and Oviva, a health tech startup focused on dietary management. These investments highlight MTIP's commitment to advancing healthcare technologies that can significantly impact population health management.



Population Health Management Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Calm/StormVienna, Vienna, Austria1-10202013
NovartisBasel, Basel, Switzerland10001+19967
Novartis Venture FundBasel, Basel, Switzerland11-50199610
IBB VenturesBerlin, Berlin, Germany11-50199718
Bayern KapitalLandshut, Bavaria, Germany11-50199527
SpeedinvestVienna, Vienna, Austria51-200201145
Verve VenturesZurich, Zurich, Switzerland11-50201025
Ananda Impact VenturesMunich, Bavaria, Germany11-5020106
HBM Healthcare Investments AGZug, Zug, Switzerland1001-500020018
SicticZurich, Zurich, Switzerland201-500201477
b2ventureSt. Gallen, St. Gallen, Switzerland11-50200015
Leaps by BayerBerlin, Berlin, Germany11-50201516
CompuGroup Medical SE & Co. KGaAKoblenz, Rhineland-Palatinate, Germany5001-1000019872
Wellington PartnersMunich, Bavaria, Germany11-5019989
Atlantic LabsBerlin, Berlin, Germany11-50201313
SeedstarsCarouge, Geneva, Switzerland201-50020126
Picus CapitalMunich, Bavaria, Germany11-50201528
MtipBasel, Basel, Switzerland11-5020144


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