The dietary supplement industry in Europe is dynamic and expanding rapidly. It comprises companies producing vitamins, minerals, herbal products, and functional foods aimed at enhancing health and wellness. Recent trends reveal growing consumer interest in plant-based solutions and personalized nutrition. In response, companies are innovating to meet these demands, offering supplements targeting specific health concerns. Furthermore, regulatory changes are shaping the industry, pushing businesses to ensure product transparency and safety. With increasing research supporting health benefits, this sector is poised for continued growth, presenting opportunities for both startups and established firms to flourish in the health-conscious market.


The list of investors in Europe’s dietary supplement sector features a mix of venture capital, corporate, and private equity firms, located mainly in major cities like Paris, London, and Stockholm. With firm sizes ranging from small teams to large organizations, these investors have been active in the market, making 2024 a notable year with a combined total of over 400 investments. Established as early as 1866, some investors like Nestlé have longstanding histories, while newer firms like Kima Ventures have emerged since 2010. This blend of experience and innovation showcases a vibrant investment scene dedicated to supporting health-focused companies.


Top 19 Dietary Supplement Investors in Europe


1. Crowdcube

  • Website: crowdcube.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: crowdcube-limited

Crowdcube is a London-based crowdfunding platform founded in 2010 that enables businesses to raise capital through equity investments. It connects startups and SMEs with potential investors, facilitating the funding process. Crowdcube has a strong focus on promoting diversity and inclusion within its workforce while providing investment management services to its clients. Notably, Crowdcube has been involved in several transactions within the dietary supplement industry, including Natural Nutrients, which raised $163,002 in April 2018; Neat Nutrition, which raised $220,263 in March 2020; VITL, which raised a significant $3,829,970 in July 2022; and Healthpath, which raised $1,332,588 in May 2022. These investments highlight Crowdcube's active role in supporting the growth of dietary supplement companies through equity crowdfunding.


2. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital investor 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 a range of services, including direct funding, export credit insurance, and private equity investments. They aim to foster entrepreneurship and innovation through coaching and partnerships, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in several transactions relevant to the dietary supplement industry, including investments in Nutripure, a company specializing in organic dietary supplements, and Activ'Inside, which focuses on natural active ingredients for food. Additionally, they have supported startups like ØZERS NUTRITION, which is developing microalgae sports supplements, and Nonna Lab, which raised funds for its health-focused products. These investments highlight Bpifrance's active role in the dietary supplement sector.


3. 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 based in Vevey, Vaud, Switzerland, founded in 1866. With over 10,000 employees, Nestlé offers a diverse range of products, including coffee, dairy, and pet care items, while maintaining a strong focus on health and nutrition. In recent years, Nestlé has made several strategic acquisitions to enhance its presence in the dietary supplement market. Notable transactions include the acquisition of The Bountiful Company, which integrates a robust line of vitamins and supplements into Nestlé Health Science, and the purchase of Garden of Life, a prominent health and wellness brand. Additionally, Nestlé's acquisition of GO Healthy, New Zealand's leading health brand, and Solgar Italia Multinutrient, the exclusive distributor of Solgar products in Italy, further solidify its commitment to the dietary supplement sector. These moves reflect Nestlé's strategy to position itself as a leader in health and nutrition, catering to the growing consumer demand for dietary supplements.


4. Unilever Ventures

  • Website: unileverventures.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2002
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: unileverventures

Unilever Ventures is a corporate venture capital firm based in London, England, founded in 2002. The firm focuses on investing in emerging brands and technologies, particularly within the beauty and wellness sectors. They support startups by providing capital and leveraging Unilever's extensive network to help these businesses grow. Notably, Unilever Ventures has been involved in several significant transactions in the dietary supplement space, including a Series B investment in Nutrafol, a company specializing in nutraceutical supplements, which raised $35 million to scale its personalized system and enhance research and marketing efforts. Additionally, they led a Series B funding round for YOUVIT, an Indonesia-based vitamin brand, raising $6 million to expand its product offerings and team. These transactions highlight Unilever Ventures' commitment to empowering innovative brands in the dietary supplement industry.


5. dsm-firmenich

  • Website: dsm-firmenich.com
  • Type: Venture Capital
  • Headquarters: Maastricht, Limburg, Netherlands
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: dsmfirmenich

dsm-firmenich is a for-profit company based in Maastricht, Limburg, Netherlands, operating primarily in the nutrition, health, and beauty sectors. The company offers a diverse range of products, including fragrances, nutritional supplements, and active pharmaceutical ingredients. As a venture capital investor, dsm-firmenich has been actively involved in funding innovative companies within the dietary supplement industry. Notable transactions include a Series A investment in Momentous, a human performance company, which raised $6.5 million to support new product launches and technology developments. Additionally, dsm-firmenich co-led a Series A investment in VitaminLab, aimed at expanding facilities and market activities. These investments highlight dsm-firmenich's commitment to enhancing product offerings in the nutritional supplement space and addressing sustainability challenges in the industry.


6. 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, focused on managing the assets of the Novo Nordisk Foundation. Founded in 1999, it invests in life science companies at various stages of development, providing capital and strategic support to enhance healthcare solutions. Among its notable transactions, Novo Holdings has invested in Kate Farms, which raised $75 million in a Series C funding round aimed at expanding its nutritional product offerings. Additionally, they have supported Bactolife, which is working on innovative health solutions, and Biosyntia, a precision fermentation firm that raised €11.5 million in a Series B funding round to produce biobased vitamin B7, a key ingredient for dietary supplements. These investments highlight Novo Holdings' commitment to advancing health and nutrition through innovative dietary supplement solutions.


7. Seventure Partners

  • Website: seventure.fr
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1997
  • Headcount: 11-50
  • Number of deals in 2024: 21
  • LinkedIn: seventure-partners

Seventure Partners is a Paris-based venture capital firm founded in 1997, specializing in managing funds for innovative companies primarily in the digital technology and life sciences sectors. The firm focuses on supporting startups and growth-stage companies through strategic funding. Among their notable transactions, Seventure Partners led funding rounds for TargEDys, a company developing dietary supplements targeting appetite regulation and malnutrition, and Polaris, which is creating sustainable Omega-3 solutions from plant sources. These investments highlight Seventure's engagement in the dietary supplement space, showcasing their commitment to health and nutrition-related innovations.


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 been involved in funding rounds for companies in the dietary supplement sector, such as Revive Active and Nualtra, which are known for their health and wellness products. Additionally, they participated in funding for Nuritas, a biotech firm that develops innovative solutions in the health and nutrition space. These transactions highlight Enterprise Ireland's commitment to fostering growth in the dietary supplement industry, making them a relevant investor in this category.


9. Nestlé Health Science


Nestlé Health Science is a health and nutrition company founded in 2011 and based in Lausanne, Switzerland. It specializes in medical nutrition, active lifestyle nutrition, and pharmaceuticals, offering a diverse range of products aimed at improving health outcomes for patients and consumers. The company serves various customer segments, including healthcare professionals and individuals seeking nutritional support. Notably, Nestlé Health Science has made significant acquisitions in the dietary supplement space, including the core brands of The Bountiful Company, which encompasses Nature’s Bounty and Solgar, enhancing its health and nutrition portfolio. Additionally, it acquired Orgain, a plant-based nutrition company, and Vital Proteins, known for its collagen-based dietary supplements. These strategic acquisitions reflect Nestlé Health Science's commitment to expanding its presence in the dietary supplement market and meeting the growing consumer demand for health-focused products.


10. Unilever

  • Website: unilever.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1872
  • Headcount: 10001+
  • LinkedIn: unilever

Unilever PLC is a multinational consumer goods company based in London, England, founded in 1872. The company offers a diverse range of products, including food, beauty, personal care, and cleaning agents, with a strong emphasis on sustainability. Unilever aims to make sustainable living commonplace through its extensive product offerings. Notably, Unilever has made significant investments in the dietary supplement sector, acquiring brands such as OLLY, a popular vitamin and supplement brand, and Onnit, known for its health and wellness products. Additionally, Unilever's acquisition of SlimFast, a brand focused on weight management and dietary supplements, further underscores its commitment to this market. These strategic acquisitions reflect Unilever's intent to enhance its portfolio in the health and wellness domain, making it a relevant player in the dietary supplement industry.


11. Blue Horizon

  • Website: bluehorizon.com
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: bluehorizoncorp

Blue Horizon is a Zurich-based venture capital firm founded in 2016, dedicated to investing in sustainable food systems. The firm supports mission-aligned founders in the bioeconomy by providing funding and resources to scale innovative solutions, particularly in alternative proteins and sustainable practices. Notable transactions include investments in Wild Earth, which focuses on plant-based pet food, and Geltor, which specializes in bioengineered proteins. These investments highlight Blue Horizon's commitment to supporting companies that are innovating within the food sector, which can have implications for dietary supplements, especially as consumer demand for plant-based and sustainable products continues to grow.


12. Kima Ventures

  • Website: kimaventures.com
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2010
  • Headcount: 1-10
  • Number of deals in 2024: 50
  • LinkedIn: kima-ventures

Kima Ventures is a venture capital firm based in Paris, Île-De-France, France, founded in 2010. The firm specializes in investing in early-stage startups across various sectors, backing two startups per week with financial support and mentorship. Among their notable transactions, Kima Ventures has invested in Cuure, a health startup that raised €1.8MM in seed funding to expand its customer base in wellness categories. They also backed Foodvisor, a French nutrition application that raised one million euros, indicating their commitment to health and dietary solutions. Additionally, Kima Ventures has invested in Feed., a company focused on meal replacement products, further emphasizing their engagement in the dietary supplement industry. Overall, Kima Ventures demonstrates a strong interest in health and nutrition-related startups, making them a relevant player in the dietary supplement investment landscape.


13. 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 by offering tailored financial solutions and guidance. Among their notable transactions, Almi has invested in companies like Swedish Temptations, a producer of vegan and organic foods, which raised $840k to automate production and expand sales in the Nordic market. Additionally, they have participated in funding rounds for other companies such as Eatit and Pastillfabriken Gefle AB, indicating their engagement in sectors that may overlap with dietary supplements and health-oriented products.


14. 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, England, founded in 2008. They focus on backing founders and startups across various sectors, including B2B Software, Bio, Climate, Consumer, Deep Tech, Fintech, and Health. Octopus Ventures provides funding and strategic support to entrepreneurs, helping them navigate the challenges of building and scaling their businesses. Notably, they have invested in companies like Elo Health, which raised $10 million in Series A funding in January 2023, indicating their commitment to health and wellness. Additionally, their investment in Elvie, a company that raised significant funding to develop products for women at various life stages, further highlights their interest in health-related innovations. These transactions reflect their active role in the health sector, which is relevant to dietary supplements.


15. 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. Among its notable transactions, the EIC has supported companies like Vésale Pharma and S-Biomedic, with the latter receiving both grants and venture funding. S-Biomedic, in particular, focuses on microbiome research, which has significant implications for dietary supplements. This indicates EIC's engagement in the health and wellness sector, making it a potential player in the dietary supplement industry.


16. 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 based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across various sectors and geographies. Notably, EQT has made significant investments in the healthcare and dietary supplement sectors, including the acquisition of Fertin Pharma, a Danish manufacturer of medicated chewing gum, which highlights their engagement in the dietary supplement market. Additionally, their acquisition of Karo Healthcare further emphasizes their involvement in health-related products, making them a relevant player in the dietary supplement industry.


17. Index Ventures

  • Website: indexventures.com
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1996
  • Headcount: 51-200
  • Number of deals in 2024: 67
  • LinkedIn: index-ventures

Index Ventures is a venture capital firm founded in 1996, based in London, England. The firm invests in innovative startups across various sectors, including technology and healthcare, providing capital and strategic support to entrepreneurs. Notably, Index Ventures has participated in significant transactions within the dietary supplement context, such as investing in Soylent, a company known for its meal replacement products, and Abe's Market, an online marketplace for natural and organic products, which includes dietary supplements. Their focus on building long-term partnerships with founders positions them as a supportive investor in the growth of companies within the dietary supplement industry.


18. 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 specializes in providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. BGF addresses the funding gap in the market through minority investments and extensive support services. Notably, BGF has invested in Revive Active, an Irish vitamin supplements business, securing €12.5 million in equity funding in June 2022. Additionally, they have made investments in Revital, a company involved in health and wellness products, further demonstrating their engagement in the dietary supplement sector. Their portfolio also includes Pharmacy2U, an online pharmacy that supports the distribution of health-related products, which may include dietary supplements. This diverse investment strategy showcases BGF's commitment to supporting growth in the health and wellness industry, including dietary supplements.


19. Ardian

  • Website: ardian.com
  • Type: Private Equity
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 21
  • LinkedIn: ardian

Ardian is an investment management firm founded in 1996, specializing in private equity, real assets, and credit solutions. With a global presence and a focus on sustainable finance, Ardian provides tailored investment strategies to institutional investors, family offices, and pension funds. In the dietary supplement context, Ardian has made notable investments, including a partnership with Bpifrance Investissement in Nutripure, a company dedicated to organic dietary supplements, announced on May 10, 2022. Additionally, Ardian acquired Biofarma Group for €1.1 billion on January 17, 2022; Biofarma Group specializes in dietary supplements, medical devices, and cosmetics, further solidifying Ardian's footprint in the dietary supplement industry. These transactions highlight Ardian's strategic interest in the sector, aligning with their broader investment goals.



Dietary Supplement Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
NestléVevey, Vaud, Switzerland10001+18662
Unilever VenturesLondon, England, United Kingdom (UK)11-5020029
dsm-firmenichMaastricht, Limburg, Netherlands10001+3
Novo HoldingsHellerup, Denmark51-200199945
Seventure PartnersParis, Île-De-France, France11-50199721
Enterprise IrelandDublin, Dublin, Ireland501-1000199848
Nestlé Health ScienceLausanne, Vaud, Switzerland10001+20112
UnileverLondon, England, United Kingdom (UK)10001+18720
Blue HorizonZurich, Zurich, Switzerland11-5020162
Kima VenturesParis, Île-De-France, France1-10201050
AlmiStockholm, Stockholm, Sweden201-50019947
Octopus VenturesLondon, England, United Kingdom (UK)51-200200837
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Index VenturesLondon, England, United Kingdom (UK)51-200199667
BgfLondon, England, United Kingdom (UK)51-200201153
ArdianParis, Île-De-France, France1001-5000199621


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