Heal Capital, a young German investment firm that is keen to back European health tech ventures at the early stages of their businesses, has closed on a €100 million fund.
Founded in Berlin in 2019, Heal Capital is backed by more than 25 German private health insurance companies, including the likes of Allianz, Axa and DKV. The news of the closing of the fund follows an announcement made about a year ago that it had secured €80 million to start investing.
Heal Capital's managing partners are Dr. Christian Weiß, previously with Creathor Venture and AlixPartners, and Eckhardt Weber, a former lawyer who was previously MD at European fintech ecosystem finleap, and digital health platform Heartbeat Labs.
In fact, Heartbeat Labs itself is also an anchor investor in the Heal Capital fund, alongside Flying Health.
The firm says it's evaluated more than 1,500 deals to date; investment made/announced include Amsterdam-based medical messenger Siilo, Polish AI triage startup Infermedica, and the Munich-based computer-brain-interface company Ceregate.