What investment strategy does Heal Capital focus on?

Heal Capital focuses on VC, Growth strategies in the private equity space.

How many portfolio companies does Heal Capital have?

Heal Capital has 22 active portfolio companies and 3 completed exits and 2 funds tracked on GP Intel.

Where is Heal Capital headquartered?

Heal Capital is headquartered in Berlin, Germany.

What is Heal Capital's assets under management?

Heal Capital manages approximately €200M in assets under management.

When was Heal Capital founded?

Heal Capital was founded in 2019.

What sectors does Heal Capital invest in?

Heal Capital invests across Healthcare, Software, TMT.

What are Heal Capital's recent exits?

Recent realized exits by Heal Capital include: Gleamer (2026) to RadNet (DeepHealth); Formel Skin (2025) to Manual; Siilo (2022) to Doctolib.

Home/GPs/Heal Capital

DetailCard

Heal Capital

Berlin, Germany·Founded 2019·

Venture Capital Growth Equity

·healcapital.com

Heal Capital is a Berlin-based venture capital firm founded in 2019 that invests in technology-enabled healthcare and HealthTech companies from pre-seed to Series A across Europe. It is one of Europe's leading dedicated HealthTech funds, backed by a consortium of more than 25 German private health insurers (including Allianz, AXA and DKV) plus pharma and institutional investors, and manages over EUR 200m across two funds. The firm writes EUR 1-5m tickets into areas such as digital health applications, telemedicine, AI diagnostics, and care delivery, and was originally set up and managed with support from digital-health builders Heartbeat Labs and Flying Health.

AUM

€200M

Funds

vintages 2020–2025

Portfolio

Exits

Heal Capital is a Berlin venture capital firm with €200M AUM, 22 active companies and 3 exits.

SectorsHealthcare Software TMT

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 3 realized deals: 3 years.
·Top sector focus: MedTech (28% of portfolio).
·Fund cadence: ~5Y between vintages · last raise 2025.

Sector breakdown

25 companies

MedTech

7 · 28%

HealthTech

6 · 24%

SaaS

6 · 24%

Healthcare

3 · 12%

Cybersecurity

1 · 4%

Fintech

1 · 4%

TMT

1 · 4%

Geography breakdown

7 geographies

Germany

12 · 48%

5 · 20%

Netherlands

2 · 8%

Switzerland

2 · 8%

France

2 · 8%

Poland

1 · 4%

Italy

1 · 4%

Key facts

HQBerlin, Germany

Founded2019

Employees11+

Websitehealcapital.com

Recent exits

Heal Capital sold Gleamer to RadNet (DeepHealth) in 2026 after 3 years.

Heal Capital sold Formel Skin to Manual in 2025 after 4 years.

Heal Capital sold Siilo to Doctolib in 2022 after 2 years.

Partners

Eckhardt WeberFounding Managing Partner

Christian LautnerFounding Managing Partner

Dr. Markus MueschenichFounding Partner

Marta MrozowiczInvestment Team

Dr. Lucas MittelmeierInvestment Team

Coverage notes

2 funds tracked, 25 portfolio companies (22 active · 3 realized). Verified weekly from public filings and deal announcements.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Eckhardt Weber

Founding Managing Partner

Christian Lautner

Founding Managing Partner

Dr. Markus Mueschenich

Founding Partner

Marta Mrozowicz

Investment Team

Dr. Lucas Mittelmeier

Investment Team

Dr. Vahid Asimi

Investment Team

Funds & portfolio

Every fund Heal Capital has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Heal Capital Fund II

VC2025€100M7 assets

2025 · 1yr

€100M

–

Unrealized

7 held

Company	Entry
Ditto HealthTech · Netherlands	2026
FormlyAI SaaS · Germany	2025
Handshake Health SaaS · Germany	2025
Hypervision Surgical MedTech · UK	2026
Medishout SaaS · UK	2025
Qnomx MedTech · Switzerland	2025
Tokura Healthcare · Germany	2026

Heal Capital Fund I

VC2020€100M15 assets3 exits

2020 · 6yr

€100M

Unrealized

15 held

Company	Entry
Apheris Cybersecurity · Germany	2022
Apriwell HealthTech · Germany	2023
Avi Medical Healthcare · Germany	2021
CereGate MedTech · Germany	2020
Entyre HealthTech · Germany	2022
Heim Health Healthcare · UK	2024
Hema.to MedTech · Germany	2023
Infermedica SaaS · Poland	2020
Medicilio HealthTech · Italy	2023
Paloma Health HealthTech · UK	2024
Parto Fintech · Germany	2024
PeakData SaaS · Switzerland	2022
Sanome MedTech · UK	2021
Sanvivo SaaS · Germany	2023
Spotlight Medical MedTech · France	2024

Realized

3 exits

Company	Entry	Exit	Type	Buyer	MOIC
Formel Skin HealthTech · Germany	2021	2025	Trade Sale	Manual	–
Gleamer MedTech · France	2023	2026	Trade Sale	RadNet (DeepHealth)	–
Siilo TMT · Netherlands	2020	2022	Trade Sale	Doctolib	–

Frequently asked questions

What investment strategy does Heal Capital focus on?: Heal Capital focuses on VC, Growth strategies in the private equity space.
How many portfolio companies does Heal Capital have?: Heal Capital has 22 active portfolio companies and 3 completed exits and 2 funds tracked on GP Intel.
Where is Heal Capital headquartered?: Heal Capital is headquartered in Berlin, Germany.
What is Heal Capital's assets under management?: Heal Capital manages approximately €200M in assets under management.
When was Heal Capital founded?: Heal Capital was founded in 2019.
What sectors does Heal Capital invest in?: Heal Capital invests across Healthcare, Software, TMT.
What are Heal Capital's recent exits?: Recent realized exits by Heal Capital include: Gleamer (2026) to RadNet (DeepHealth); Formel Skin (2025) to Manual; Siilo (2022) to Doctolib.