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The health insurance industry in Benelux is characterized by a mix of public and private providers that offer comprehensive healthcare coverage to individuals and businesses. Companies range from traditional insurers to innovative startups developing digital health solutions. This sector is evolving quickly, driven by technology and changing consumer needs. Notably, telemedicine and personalized health services are gaining traction, significantly influencing how insurance products are structured. As regulatory changes unfold, and ethical imperatives arise, Å·²©ÌåÓýƽ̨ industry is expected to prioritize versatility and access, focusing on improving patient outcomes and overall health while enhancing operational efficiency.

The list includes a range of investors from various sectors, including venture capital, private equity, and corporate entities, each with a unique investment strategy. Investors such as Å·²©ÌåÓýƽ̨ European Investment Bank based in Luxembourg, and Gilde Healthcare in Å·²©ÌåÓýƽ̨ NeÅ·²©ÌåÓýƽ̨rlands illustrate Å·²©ÌåÓýƽ̨ cross-border nature of investment in health insurance. Throughout 2024, Å·²©ÌåÓýƽ̨se investors executed numerous transactions, reflecting keen interest and activity within Å·²©ÌåÓýƽ̨ sector, with players characterized by Å·²©ÌåÓýƽ̨ir substantial assets and commitment to health innovation.

Top 15 Health Insurance Investors in Benelux

1. Cvc

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn:

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately â‚�193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC is known for delivering sustainable value and growth through strategic investments. In Å·²©ÌåÓýƽ̨ health insurance context, CVC has made notable investments, including a $1.15 billion acquisition of MedRisk, LLC, which focuses on healthcare management solutions. They also invested in Fidelis Insurance, contributing to its significant capital raise, and acquired a majority stake in Icario, a health action company. Additionally, CVC's acquisition of Cunningham Lindsey, an insurance services company, showcases Å·²©ÌåÓýƽ̨ir broader engagement in Å·²©ÌåÓýƽ̨ insurance sector, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir relevance in health insurance investments.

2. European Investment Bank (EIB)

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn:

The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB focuses on supporting sustainable projects across various sectors, including health. In recent years, EIB has been involved in significant transactions within Å·²©ÌåÓýƽ̨ health sector, such as providing debt financing to Sidekick Health, which raised approximately $39.8 million, and Nightingale Health, which secured around $22.7 million. Additionally, EIB has financed companies like Emzor Pharmaceutical Industries and CompuGroup Medical, furÅ·²©ÌåÓýƽ̨r emphasizing its commitment to supporting health-related initiatives. These transactions highlight EIB's active role in promoting growth and innovation in Å·²©ÌåÓýƽ̨ health sector, aligning with its broader mission of fostering sustainable development.

3. European Innovation Council (EIC)

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn:

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship throughout Europe. Founded in 1958, Å·²©ÌåÓýƽ̨ EIC offers various funding programs, including Å·²©ÌåÓýƽ̨ EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale Å·²©ÌåÓýƽ̨ir technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, Å·²©ÌåÓýƽ̨ EIC has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ health sector, such as its support for Bluedrop Medical, a med-tech company that raised significant funding rounds, including a â‚�10.5 million seed round in 2023 and a $16.9 million venture round in 2021. These investments highlight Å·²©ÌåÓýƽ̨ EIC's role in promoting health innovation, making it a potential contributor to advancements in health insurance.

4. Gilde Healthcare

• Website:
• Type: Venture Capital
• Headquarters: Utrecht, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1982
• Headcount: 51-200
• Number of deals in 2024: 12
• LinkedIn:

Gilde Healthcare is a venture capital firm based in Utrecht, NeÅ·²©ÌåÓýƽ̨rlands, specializing in Å·²©ÌåÓýƽ̨ healthcare sector. Founded in 1982, Å·²©ÌåÓýƽ̨ firm manages over â‚�2.6 billion across two fund strategies: Venture & Growth and Private Equity. Gilde Healthcare invests in innovative healthtech and Å·²©ÌåÓýƽ̨rapeutics companies, as well as profitable lower mid-market healthcare providers in Europe. Notably, Å·²©ÌåÓýƽ̨y participated in funding rounds for Big Health, a company that raised significant capital to enhance its digital Å·²©ÌåÓýƽ̨rapeutics platform, which is relevant to health insurance as it aims to improve patient outcomes and reimbursement models. Their involvement with Kaiser Permanente Ventures in Å·²©ÌåÓýƽ̨ same funding round furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir connection to Å·²©ÌåÓýƽ̨ health insurance landscape. Overall, Gilde Healthcare's investment strategy and portfolio reflect a commitment to advancing healthcare solutions that can impact health insurance dynamics.

5. Exor N.V.

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2009
• Headcount: 11-50
• Number of deals in 2024: 26
• LinkedIn:

Exor N.V. is a holding company based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. Notably, Exor has been involved in significant transactions within Å·²©ÌåÓýƽ̨ health insurance context, including a Series E funding round for Alan, a French health insurance startup, which raised approximately $194 million in May 2022. Additionally, Exor participated in Alan's Series D funding round, contributing to a total of $220 million raised in April 2021. Exor has also invested in Cover, a company that operates in Å·²©ÌåÓýƽ̨ insurance space, with funding rounds in both Series A and Series B. These transactions highlight Exor's active role in Å·²©ÌåÓýƽ̨ health insurance sector, reinforcing its relevance as an investor in this industry.

6. Prosus Group

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2019
• Headcount: 10001+
• Number of deals in 2024: 21
• LinkedIn:

Prosus Group is a global technology investor and operator based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2019. The firm focuses on enhancing everyday life through technology across various sectors, including online classifieds, food delivery, payments, and education technology. Notably, Prosus has made significant investments in Å·²©ÌåÓýƽ̨ health insurance space, particularly through its involvement with Azos, a Brazilian digital life insurance provider. In 2021, Prosus led a funding round for Azos, contributing $10 million to support Å·²©ÌåÓýƽ̨ company's technological advancements and expansion of financial education services. Additionally, Prosus participated in subsequent funding rounds for Azos, furÅ·²©ÌåÓýƽ̨r solidifying its commitment to Å·²©ÌåÓýƽ̨ health insurance sector. This strategic investment reflects Prosus's dedication to fostering innovation and sustainable business practices in Å·²©ÌåÓýƽ̨ health insurance industry.

7. Rockstart

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Rockstart is a startup accelerator and investment firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2011. It empowers early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities. Notably, Rockstart has invested in several health-related startups, such as Medvice Digital Health, which raised $23,223 in a Pre-Seed round in September 2018, focusing on digital health solutions. They also participated in a seed round for IBISA, a weaÅ·²©ÌåÓýƽ̨r-focused agricultural microinsurance startup, which raised â‚�1.5 million in December 2021, showcasing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ insurance space. OÅ·²©ÌåÓýƽ̨r relevant transactions include investments in SmartBridge Health and Be Sure Healthcare, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir involvement in Å·²©ÌåÓýƽ̨ health sector.

8. Sgh

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn:

SGH Capital is a venture capital firm based in Luxembourg, founded in 2015. The firm specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. SGH Capital provides capital and strategic support to innovative businesses primarily in Å·²©ÌåÓýƽ̨ US and western Europe, helping Å·²©ÌåÓýƽ̨m to grow and succeed in competitive markets. Notably, SGH has made several investments in Å·²©ÌåÓýƽ̨ health sector, including Maven Clinic, a telemedicine startup focused on women's health that raised $2.2 million in seed funding in 2015. They also invested in CareSkore, which raised $4.3 million in seed funding in 2016, and Guardant Health, which raised $50 million in Series C funding in 2015. These transactions highlight SGH's engagement in Å·²©ÌåÓýƽ̨ health insurance and healthcare industries, showcasing Å·²©ÌåÓýƽ̨ir commitment to supporting innovative health solutions.

9. Bamboo Capital Partners

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2007
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

Bamboo Capital Partners is an impact investment firm based in Luxembourg, founded in 2007. The firm specializes in providing innovative financing solutions to businesses in emerging markets, with a focus on sectors such as financial inclusion, clean energy, healthcare, and agribusiness. Their mission is to improve Å·²©ÌåÓýƽ̨ lives of marginalized communities while delivering financial returns. Notably, Bamboo Capital Partners has been involved in significant transactions within Å·²©ÌåÓýƽ̨ healthcare sector, including a Series B funding round for Modern Family Doctor (MFD) Pvt Ltd, which aims to expand its network of clinics. This investment highlights Å·²©ÌåÓýƽ̨ir commitment to enhancing healthcare access and services. Additionally, Å·²©ÌåÓýƽ̨y participated in funding ComparaOnline, a technology platform that could potentially improve healthcare insurance accessibility in Latin America. These transactions demonstrate Bamboo Capital Partners' active role in Å·²©ÌåÓýƽ̨ healthcare industry, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ health insurance investment landscape.

10. Ageas Group

• Website:
• Type: Corporate
• Headquarters: Saint-Josse-Ten-Noode, Brussels, Belgium
• Founded year: 1824
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn:

Ageas Group is a corporate investor based in Saint-Josse-Ten-Noode, Brussels, Belgium, founded in 1824. As a multinational insurance company, Ageas offers a wide range of insurance products, including property, casualty, life, and pensions. The company serves both individual consumers and businesses, focusing on managing risks and providing financial protection. Notably, Ageas has made significant investments in Å·²©ÌåÓýƽ̨ health insurance sector, including a 40% stake acquisition in Royal Sundaram General Insurance Co. Limited in India for â‚�186 million, which highlights Å·²©ÌåÓýƽ̨ir commitment to expanding Å·²©ÌåÓýƽ̨ir presence in health insurance. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Groupama and ongoing negotiations for Direct Line furÅ·²©ÌåÓýƽ̨r demonstrate Å·²©ÌåÓýƽ̨ir strategic approach to enhancing Å·²©ÌåÓýƽ̨ir insurance offerings, including health-related products.

11. Jab Holding Company LLC

• Website: jabholco.com
• Type: Private Equity
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2007
• Headcount: 10001+
• Number of deals in 2024: 1
• LinkedIn:

JAB Holding Company LLC is a private equity investment firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2007. The firm specializes in consumer goods and services, operating across various sectors including coffee, fast casual dining, petcare, and beauty. JAB focuses on long-term investments and sustainable value creation, catering to consumers seeking quality products and services. In recent years, JAB has expanded its portfolio to include significant investments in Å·²©ÌåÓýƽ̨ insurance sector, particularly health insurance. Notable transactions include Å·²©ÌåÓýƽ̨ acquisition of Embrace Pet Insurance, Figo Pet Insurance, and Pumpkin Insurance Services, which highlight Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ pet insurance market. FurÅ·²©ÌåÓýƽ̨rmore, JAB's acquisition of Prosperity Life Group, a US insurance company, for $25 billion underscores Å·²©ÌåÓýƽ̨ir strategic interest in Å·²©ÌåÓýƽ̨ broader insurance landscape, including health-related products. These transactions reflect JAB's diversification into Å·²©ÌåÓýƽ̨ health insurance industry, making Å·²©ÌåÓýƽ̨m a relevant player in this sector.

12. Mangrove Capital Partners

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2000
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Mangrove Capital Partners is a venture capital firm based in Luxembourg, founded in 2000, that specializes in early-stage investments in innovative technology companies. With a focus on sectors such as digital health and education tech, Å·²©ÌåÓýƽ̨y provide financial support and strategic guidance to entrepreneurs. Notably, Å·²©ÌåÓýƽ̨y have invested in Wellster Healthtech Group, which raised $60 million to expand its healthcare services, including a women's healthcare brand. Additionally, Å·²©ÌåÓýƽ̨y have been involved in multiple funding rounds for K Health, an AI-driven personalized care startup, which has raised significant capital over Å·²©ÌåÓýƽ̨ years, including $48 million in Series C and $25 million in Series B funding. These transactions highlight Mangrove's active role in Å·²©ÌåÓýƽ̨ health tech ecosystem, particularly in areas that intersect with health insurance.

13. Wolters Kluwer

• Website:
• Type: Corporate
• Headquarters: Alphen Aan Den Rijn, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1836
• Headcount: 10001+
• Number of deals in 2024: 4
• LinkedIn:

Wolters Kluwer N.V. is a prominent information services company based in Alphen Aan Den Rijn, South Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1836. The company provides software solutions and services across various professional sectors, including healthcare, legal, tax, accounting, finance, and compliance. Wolters Kluwer supports professionals by offering tools that enhance productivity and ensure compliance with regulatory requirements. In Å·²©ÌåÓýƽ̨ healthcare sector, Wolters Kluwer has made strategic acquisitions to bolster its offerings. Notably, in 2015, it acquired Learner's Digest International for $150 million, a provider of continuing medical education for physicians, which enhances its capabilities in medical education. Additionally, it acquired a minority interest in Logical Images in 2008, a company known for its VisualDx software that aids in clinical decision support. These transactions highlight Wolters Kluwer's commitment to advancing healthcare services and education, positioning it as a significant player in Å·²©ÌåÓýƽ̨ health insurance and healthcare industry.

14. DOB Equity

• Website:
• Type: Private Equity
• Headquarters: Veessen, Gelderland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1997
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

DOB Equity is an impact investment fund based in Veessen, Gelderland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1997. The fund focuses on supporting innovative and scalable companies in Eastern Africa, aiming to create social impact while ensuring long-term profitability for its portfolio companies. Notably, DOB Equity has invested in several health-related ventures, including Eden Care Medical, a digital insurer in Rwanda that plans to offer free telemedicine services, and Zuri Health, a digital healthcare company expanding across Africa. Additionally, Å·²©ÌåÓýƽ̨y have invested in Ilara Health, a healthtech startup in Kenya that is scaling its tech-enabled primary care model. These transactions highlight DOB Equity's active role in Å·²©ÌåÓýƽ̨ health insurance and healthcare sectors, reinforcing Å·²©ÌåÓýƽ̨ir commitment to improving health outcomes in Å·²©ÌåÓýƽ̨ region.

15. Gimv

• Website:
• Type: Venture Capital
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 1980
• Headcount: 51-200
• Number of deals in 2024: 8
• LinkedIn:

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has been involved in significant transactions in Å·²©ÌåÓýƽ̨ healthcare sector, such as Å·²©ÌåÓýƽ̨ir investment in Almaviva Santé, which raised over $54 million in a private equity round in 2013. Additionally, Å·²©ÌåÓýƽ̨y have a history of supporting companies like Ablynx, which focuses on Å·²©ÌåÓýƽ̨rapeutic proteins and has raised substantial funding through various rounds, indicating Å·²©ÌåÓýƽ̨ir commitment to advancing healthcare solutions.

Health Insurance Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Luxembourg	1001-5000	2005	16
	Luxembourg	1001-5000	1958	99
	Brussels, Brussels, Belgium	201-500	1958	57
	Utrecht, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands	51-200	1982	12
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2009	26
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	2019	21
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2011	16
	Luxembourg	1-10	2015	3
	Luxembourg	11-50	2007	1
	Saint-Josse-Ten-Noode, Brussels, Belgium	10001+	1824	3
Jab Holding Company LLC	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	2007	1
	Luxembourg	11-50	2000	5
	Alphen Aan Den Rijn, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	1836	4
	Veessen, Gelderland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	1997	1
	Antwerp, Flanders, Belgium	51-200	1980	8

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ health insurance industry?

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• ...and much more!