Heal Capital
Overview
Dedicated investment fund for HealthTech startups in Europe.
Founded
2019
Deals · 12mo
3
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Vocca | Oct 2026Participated | $20 MSeries A | |
Aitiologic | Sep 2026Led | $7 MSeed | |
Ditto | May 2026Led | $9 MSeed | |
FormlyAI | Sep 2025Led | $2 MSeed | |
CGC Genomics | Apr 2025Participated | $2 MSeed | |
Apheris | Jan 2025Participated | $21 MSeries A | |
Heim Health | Nov 2024Led | $3 MSeed | |
Paloma Health | Nov 2024Participated | $3 MSeed | |
Parto | Oct 2024Participated | $3 MOther Equity | |
Spotlight Medical | Jul 2024Led | $7 MSeed | |
Gleamer | Jun 2023Led | $30 MSeries B | |
Hema.to | Jun 2023Participated | $4 MSeed | |
Vocca | Oct 2026Participated | $20 MSeries A | |
Aitiologic | Sep 2026Led | $7 MSeed | |
Ditto | May 2026Led | $9 MSeed | |
FormlyAI | Sep 2025Led | $2 MSeed | |
CGC Genomics | Apr 2025Participated | $2 MSeed | |
Apheris | Jan 2025Participated | $21 MSeries A | |
Heim Health | Nov 2024Led | $3 MSeed | |
Paloma Health | Nov 2024Participated | $3 MSeed | |
Parto | Oct 2024Participated | $3 MOther Equity | |
Spotlight Medical | Jul 2024Led | $7 MSeed | |
Gleamer | Jun 2023Led | $30 MSeries B | |
Hema.to | Jun 2023Participated | $4 MSeed |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 6 | 5 |
| Series A | 2 | 5 |
| Series B | 1 | 2 |
| Other Equity | 1 | 1 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Jul '20 | 1 |
| Aug '20 | 1 |
| Sep '20 | 0 |
| Oct '20 | 0 |
| Nov '20 | 0 |
| Dec '20 | 0 |
| Jan '21 | 0 |
| Feb '21 | 1 |
| Mar '21 | 0 |
| Apr '21 | 1 |
| May '21 | 0 |
| Jun '21 | 1 |
| Jul '21 | 0 |
| Aug '21 | 0 |
| Sep '21 | 1 |
| Oct '21 | 0 |
| Nov '21 | 0 |
| Dec '21 | 1 |
| Jan '22 | 1 |
| Feb '22 | 0 |
| Mar '22 | 0 |
| Apr '22 | 1 |
| May '22 | 0 |
| Jun '22 | 0 |
| Jul '22 | 0 |
| Aug '22 | 1 |
| Sep '22 | 0 |
| Oct '22 | 0 |
| Nov '22 | 1 |
| Dec '22 | 0 |
| Jan '23 | 0 |
| Feb '23 | 0 |
| Mar '23 | 0 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 2 |
| Jul '23 | 0 |
| Aug '23 | 0 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 0 |
| Jan '24 | 0 |
| Feb '24 | 0 |
| Mar '24 | 0 |
| Apr '24 | 0 |
| May '24 | 0 |
| Jun '24 | 0 |
| Jul '24 | 1 |
| Aug '24 | 0 |
| Sep '24 | 0 |
| Oct '24 | 1 |
| Nov '24 | 2 |
| Dec '24 | 0 |
| Jan '25 | 1 |
| Feb '25 | 0 |
| Mar '25 | 0 |
| Apr '25 | 1 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 1 |
| Oct '25 | 0 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 1 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 0 |
| Sep '26 | 1 |
| Oct '26 | 1 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Health & Life Sciences | 18 |
| AI & Machine Learning | 13 |
| Enterprise Software | 6 |
| Fintech | 3 |
| Cybersecurity & Privacy | 2 |
| Data, Analytics & IT | 2 |
| Consumer & Lifestyle | 1 |
| Networks, Cloud & Communication | 1 |
| Marketing & Advertising | 1 |
| Hardware & Robotics | 1 |
| Professional Services | 1 |
| Space & Frontier Tech | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 7 |
| $5M-$10M | 5 |
| $10M-$25M | 6 |
| $25M-$50M | 4 |
| $50M-$100M | 1 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 3 of 3 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| Europe | 19 |
| United States | 3 |
| Japan | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| Octopus Ventures | 3 |
| Vorwerk Ventures | 3 |
| 3VC | 2 |
| Addition | 2 |
| Crista Galli Ventures | 2 |
| Elaia | 2 |
| European Bank for Reconstruction and Development | 2 |
| Inovo Venture Partners | 2 |
| Karma Ventures | 2 |
| Picus Capital | 2 |
| 415 Capital | 1 |
| AlbionVC | 1 |
| Ananda Impact Ventures | 1 |
| another.vc | 1 |
| Balderton Capital | 1 |
| Becker Ventures | 1 |
| Better Ventures | 1 |
| Bpifrance | 1 |
| Cherry Ventures | 1 |
| Claret Capital Partners | 1 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 10 | 43% |
| Participating | 13 | 57% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 5 | 50% |
| Co-led | 5 | 50% |
Team
Managing Partner
Venture Partner
Co-Founder and Managing Partner
Investment Professional
Platform Manager
Investment Manager
Founding Partner
Investment Professional