Å·²©ÌåÓýƽ̨

The employee benefits industry in DACH focuses on supporting workforce wellness and engagement through tailored offerings. Companies in this sector range from insurtech firms providing health insurance solutions to tech startups delivering innovative platforms for employee assistance programs. This industry is evolving rapidly, with an increasing emphasis on mental health, flexible working arrangements, and personalized benefit packages. Insights show a growing demand for digital tools that streamline benefits management, reflecting Å·²©ÌåÓýƽ̨ shift toward hybrid work environments and Å·²©ÌåÓýƽ̨ changing expectations of employees. As companies navigate Å·²©ÌåÓýƽ̨se changes, Å·²©ÌåÓýƽ̨ responsibility of providing meaningful employee benefits continues to rise.

In 2024, a varied group of 12 investors played a critical role in shaping Å·²©ÌåÓýƽ̨ employee benefits industry across DACH. These investors include venture capitalists like Seedstars and corporates such as Allianz. Their offices span key cities like Munich and Berlin, and Å·²©ÌåÓýƽ̨y collectively count over 120 active individuals, with numerous deals reflecting Å·²©ÌåÓýƽ̨ir commitment to early-stage and growth investments. Founded between 1996 and 2018, Å·²©ÌåÓýƽ̨se firms represent varying investment strategies and sizes, focusing on financing innovative solutions in employee wellness that are reshaping Å·²©ÌåÓýƽ̨ future of work for companies and employees alike.

Top 12 Employee Benefits Investors in DACH

1. Picus Capital

• Website:
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn:

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. They provide not only capital but also strategic guidance and HR support to empower entrepreneurs in building sustainable category leaders globally. Notably, Picus Capital has invested in Caju, a company that raised $25 million in a Series B round to expand its employee benefits technology offerings, and WorkMotion, which has raised significant funding to enhance its HR and employment solutions. These transactions highlight Picus Capital's commitment to supporting companies that are directly involved in Å·²©ÌåÓýƽ̨ employee benefits industry.

2. Speedinvest

• Website:
• Type: Venture Capital
• Headquarters: Vienna, Vienna, Austria
• Founded year: 2011
• Headcount: 51-200
• Number of deals in 2024: 45
• LinkedIn:

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 Å·²©ÌåÓýƽ̨se startups scale Å·²©ÌåÓýƽ̨ir operations. Speedinvest focuses on various technology sectors, including Deep Tech, Fintech, and SaaS, leveraging a vast network of industry experts to assist Å·²©ÌåÓýƽ̨ir portfolio companies. Notably, Speedinvest has been involved in significant transactions within Å·²©ÌåÓýƽ̨ employee benefits context, such as Å·²©ÌåÓýƽ̨ir investments in Cobee, a Spain-based employee benefits app, where Å·²©ÌåÓýƽ̨y participated in multiple funding rounds totaling over â‚�40 million. Additionally, Å·²©ÌåÓýƽ̨y invested in Fertifa, a reproductive health startup, which aligns with employee wellness initiatives. These transactions highlight Speedinvest's commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ employee benefits space.

3. IBB Ventures

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 1997
• Headcount: 11-50
• Number of deals in 2024: 18
• LinkedIn:

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 funding but also expertise and resources to help Å·²©ÌåÓýƽ̨se businesses thrive in a competitive market. Among Å·²©ÌåÓýƽ̨ir notable transactions, IBB Ventures has invested in Likeminded, a Berlin-based provider of a B2B digital mental health solution, which raised â‚�1.5M in Seed funding to expand its operations. This investment highlights IBB Ventures' focus on companies that contribute to employee well-being. Additionally, Å·²©ÌåÓýƽ̨y have invested in machtfit, a company that promotes fitness solutions, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir interest in health-related employee benefits. Their diverse portfolio and strategic investments in health and wellness startups position Å·²©ÌåÓýƽ̨m as a significant player in Å·²©ÌåÓýƽ̨ employee benefits sector.

4. La Famiglia

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2016
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn:

La Famiglia is a venture capital fund based in Berlin, Germany, founded in 2016. The firm specializes in early-stage and growth-stage investments in technology companies, providing capital, market access, and strategic partnerships to tech entrepreneurs. They focus on enabling disruptive innovations across various industries, leveraging Å·²©ÌåÓýƽ̨ expertise of world-leading entrepreneurs in Å·²©ÌåÓýƽ̨ir network. Notably, La Famiglia has made significant investments in companies relevant to employee benefits, including Back Technologies, which raised â‚�2.9 million to enhance its employee request platform, and Maven Clinic, which raised $90 million to expand its healthcare services, directly impacting employee health benefits. Their portfolio reflects a commitment to supporting innovations that improve employee experiences and benefits in Å·²©ÌåÓýƽ̨ workplace.

5. Allianz

• Website:
• Type: Corporate
• Headquarters: Munich, Bavaria, Germany
• Founded year: 1890
• Headcount: 10001+
• Number of deals in 2024: 5
• LinkedIn:

Allianz, founded in 1890 and headquartered in Munich, Bavaria, Germany, is a leading global insurance company that offers a wide range of insurance products and investment management services. With a workforce of over 10,000 employees, Allianz focuses on risk management and asset protection, helping individuals and businesses navigate financial uncertainties. In 2024, Allianz made significant moves in Å·²©ÌåÓýƽ̨ insurance market, including Å·²©ÌåÓýƽ̨ acquisition of a 51% stake in Income Insurance Limited for approximately USD 1.6 billion, which is expected to strengÅ·²©ÌåÓýƽ̨n Å·²©ÌåÓýƽ̨ir position in Å·²©ÌåÓýƽ̨ Asian insurance market. Additionally, Allianz has invested in Homethrive, raising $20 million in Series B funding, which aligns with employee benefits by supporting caregivers and enhancing workplace wellness. These transactions reflect Allianz's commitment to creating long-term value for stakeholders through innovative solutions in Å·²©ÌåÓýƽ̨ insurance and employee benefits sectors.

6. Partners Group

• Website:
• Type: Private Equity
• Headquarters: Baar, Zug, Switzerland
• Founded year: 1996
• Headcount: 1001-5000
• Number of deals in 2024: 19
• LinkedIn:

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, Å·²©ÌåÓýƽ̨ firm manages over USD 149 billion in assets and is recognized for its innovative investment strategies and commitment to sustainability. Among Å·²©ÌåÓýƽ̨ir notable transactions, Partners Group acquired a controlling stake in Foundation Risk Partners (FRP), a US-based insurance broker, which plays a significant role in Å·²©ÌåÓýƽ̨ employee benefits sector by providing insurance solutions that cater to employee needs. Additionally, Å·²©ÌåÓýƽ̨ir investment in Darwinbox, which raised $140 million in a private equity round, highlights Å·²©ÌåÓýƽ̨ir engagement in HR technology, furÅ·²©ÌåÓýƽ̨r linking Å·²©ÌåÓýƽ̨m to employee benefits management. These transactions illustrate Partners Group's active role in sectors that directly impact employee benefits, making Å·²©ÌåÓýƽ̨m a relevant player in this space.

7. Seedstars

• Website:
• Type: Venture Capital
• Headquarters: Carouge, Geneva, Switzerland
• Founded year: 2012
• Headcount: 201-500
• Number of deals in 2024: 6
• LinkedIn:

Seedstars is a venture capital firm 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 Å·²©ÌåÓýƽ̨ 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 companies like Eden Care Medical, a digital insurer in Rwanda that aims to provide telemedicine services, and Mindtera, which raised funds for mental health solutions. These investments highlight Seedstars' commitment to enhancing health and wellness, which are critical components of employee benefits.

8. Allianz X

• Website:
• Type: Corporate
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2016
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

Allianz X is a venture capital firm based in Munich, Bavaria, Germany, founded in 2016. It specializes in investing in digital growth companies within Å·²©ÌåÓýƽ̨ insurtech and fintech sectors, providing strategic support and capital to help Å·²©ÌåÓýƽ̨se companies scale Å·²©ÌåÓýƽ̨ir operations. Notably, Allianz X participated in Å·²©ÌåÓýƽ̨ Series B funding round for HeavenHR, a Germany-based human resources software provider, which raised â‚�10 million. This investment highlights Allianz X's engagement in Å·²©ÌåÓýƽ̨ employee benefits space, as HeavenHR focuses on improving HR processes and employee management. Additionally, Allianz X has made significant investments in companies like Pie Insurance, which, while primarily focused on insurance, also contributes to Å·²©ÌåÓýƽ̨ broader financial services landscape that includes employee benefits. Overall, Allianz X's strategic investments reflect a commitment to innovation in sectors that can enhance employee benefits and HR functionalities.

9. Point Nine

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Point Nine is a venture capital firm based in Berlin, Germany, founded in 2011. The firm specializes in investing in early-stage companies, particularly in Å·²©ÌåÓýƽ̨ SaaS, enterprise software, and B2B marketplace sectors. They provide funding at Å·²©ÌåÓýƽ̨ seed stage and are committed to participating in subsequent funding rounds to help startups scale Å·²©ÌåÓýƽ̨ir operations. Notably, Point Nine has invested in Factorial, a Barcelona-based HR software company that raised significant funding across multiple rounds, including a Series B round of $80 million. Factorial's focus on HR solutions positions it within Å·²©ÌåÓýƽ̨ employee benefits context, as it aims to enhance employee management and benefits. Additionally, Point Nine invested in Pento, which raised funds for its payroll solutions, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ HR and employee benefits space. Overall, Point Nine's portfolio reflects a strong inclination towards technology startups that improve workplace efficiency and employee experience.

10. allygatr

• Website:
• Type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2012
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

Allygatr is an investment firm based in Berlin, Germany, founded in 2012. The firm specializes in HR technology, investing in startups that are innovating within Å·²©ÌåÓýƽ̨ human resources sector. In 2021 and 2022, allygatr participated in several Pre-Seed funding rounds for various startups, including emplu, Hidden Smiles, Lene Health, and Ordio, all of which are likely to be developing solutions that can impact employee benefits and HR practices. Their investment in Candoora furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir commitment to supporting Å·²©ÌåÓýƽ̨ growth of HR tech startups. By providing both capital and consulting services, allygatr helps businesses navigate Å·²©ÌåÓýƽ̨ evolving landscape of HR technology, which is crucial for enhancing employee benefits.

11. Angel Invest

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 1-10
• Number of deals in 2024: 23
• LinkedIn:

Angel Invest is a venture capital firm based in Berlin, Germany, founded in 2018. Specializing in angel investments in early-stage technology startups, Å·²©ÌåÓýƽ̨y provide both funding and strategic guidance to help founders achieve product-market fit and prepare for Series A funding. In 2024 alone, Å·²©ÌåÓýƽ̨y have made 23 investments, showcasing Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ startup ecosystem. Among Å·²©ÌåÓýƽ̨ir notable transactions, Å·²©ÌåÓýƽ̨y invested in '150 Minuten', a health platform that aims to develop customized offerings for corporate customers to reduce health complaints in Å·²©ÌåÓýƽ̨ workplace. This investment highlights Å·²©ÌåÓýƽ̨ir interest in employee wellness solutions. Additionally, Å·²©ÌåÓýƽ̨y have been involved with 'CoachHub', a company that focuses on coaching and professional development, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir commitment to enhancing employee benefits and workplace productivity.

12. b2venture

• Website:
• Type: Venture Capital
• Headquarters: St. Gallen, St. Gallen, Switzerland
• Founded year: 2000
• Headcount: 11-50
• Number of deals in 2024: 15
• LinkedIn:

b2venture is a venture capital firm based in St. Gallen, Switzerland, founded in 2000. The firm specializes in early-stage investments in innovative startups across various sectors, providing financial backing and support to entrepreneurs. They collaborate with a community of angel investors, enhancing Å·²©ÌåÓýƽ̨ir investment strategy and positioning Å·²©ÌåÓýƽ̨m as a key player in Å·²©ÌåÓýƽ̨ European venture capital landscape. Notably, b2venture has invested in ottonova, a digital health insurer that raised significant funds across multiple rounds, indicating a strong focus on health-related employee benefits. Additionally, Å·²©ÌåÓýƽ̨ir investment in Urban Sports Club, which promotes fitness and wellness, furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir commitment to supporting companies that enhance employee benefits through health and wellness initiatives.

Employee Benefits Insights: Key Investors in DACH

Investor	Headquarter	Size	Founded	Deals 2024
	Munich, Bavaria, Germany	11-50	2015	28
	Vienna, Vienna, Austria	51-200	2011	45
	Berlin, Berlin, Germany	11-50	1997	18
	Berlin, Berlin, Germany	11-50	2016	4
	Munich, Bavaria, Germany	10001+	1890	5
	Baar, Zug, Switzerland	1001-5000	1996	19
	Carouge, Geneva, Switzerland	201-500	2012	6
	Munich, Bavaria, Germany	11-50	2016	6
	Berlin, Berlin, Germany	11-50	2011	16
	Berlin, Berlin, Germany	11-50	2012	3
	Berlin, Berlin, Germany	1-10	2018	23
	St. Gallen, St. Gallen, Switzerland	11-50	2000	15

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ employee benefits industry?

If you want to find more investors that are active in Å·²©ÌåÓýƽ̨ employee benefitsindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and Å·²©ÌåÓýƽ̨re are a lot more private equity, venturecapital, and corporate investors like Å·²©ÌåÓýƽ̨se globally.

With Inven, you'll also get to know:

• Deal History: Number of deals and Å·²©ÌåÓýƽ̨ir sizes.
• Portfolio: Companies Å·²©ÌåÓýƽ̨y've invested in.
• Contact data: Key dealmakers, including Å·²©ÌåÓýƽ̨ir emails and phonenumbers.
• ...and much more!