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VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 6 SOURCES

Heal Capital

Also known as heal.capital, heal.capital Management GmbH, Heal Capital 2, heal.capital I GmbH & Co. KG, heal.capital II GmbH & Co. KG

Berlin health-tech VC set up in 2020 on the initiative of the PKV association; backed by 20+ private health insurers, Fund 2 (2025) adds the EIF and MEDICE.

HEADQUARTERS
Berlin, Germany
FOUNDED
2020
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
4 people

Focus

STAGES
SeedSeries A
SECTORS
HealthTechArtificial Intelligence
ASSET MIX
Venture capital
GEOGRAPHY
Europe

Overview

Heal Capital is a venture capital fund for digital health launched in 2020 on the initiative of the Verband der Privaten Krankenversicherung (PKV), with more than 20 private health insurers investing over EUR 100m in its first fund. The successor fund Heal Capital 2 has been investing since early 2025; besides PKV insurers its investors include the European Investment Fund and the MEDICE Health Family, with a target volume of EUR 150m. The funds back early-stage European companies in diagnostics, therapy and healthcare infrastructure and say they also help start-ups gain access to the German healthcare system. The management company, heal.capital Management GmbH, is an EuVECA manager registered with BaFin.

Investment thesis

Digital business models at the interface of healthcare and technology/AI (diagnostics, therapy, infrastructure) that already participate in the market at an early stage, supported with know-how on access to medical care.

PORTFOLIO (29)

  • SiiloNOTABLE
    HealthTech · since 2020 · Acquired
  • InfermedicaNOTABLE
    HealthTech · since 2020
  • Avi MedicalNOTABLE
    HealthTech
  • ApherisNOTABLE
    Artificial Intelligence
  • GleamerNOTABLE
    HealthTech · Acquired
  • Ceregate
    HealthTech
  • Apriwell
    HealthTech
  • Entyre
    HealthTech
  • Sanome
    HealthTech
  • Formel Skin
    HealthTech · since 2023 · Acquired
  • PeakData
    HealthTech
  • hema.to
    HealthTech · since 2023
  • Medicilio
    HealthTech · Exited
  • Sanvivo
    HealthTech
  • Praxisflow
    HealthTech
  • Heim
    HealthTech
  • Parto
    Fintech
  • Spotlight Medical
    HealthTech
  • Paloma Health
    HealthTech
  • Handshake Health
    HealthTech
  • QnomX
    HealthTech
  • MediShout
    HealthTech
  • Formly.ai
    HealthTech
  • Hypervision Surgical
    HealthTech · since 2026
  • Ditto
    HealthTech · since 2026
  • Tokura
    HealthTech · since 2026
  • Stitch Health
    HealthTech
  • Aitiologic
    Biotech & Life Sciences
  • Vocca
    Artificial Intelligence · since 2026

People

  • Eckhardt Weber
    Founding Managing Partner · source
  • Christian Lautner
    Fund management · source
  • Dr. Markus Müschenich
    Fund management (named on the PKV Heal Capital page) · source
  • Bastian Biermann
    Project lead Heal Capital at the PKV-Verband (sponsor side) · source

Links

Frequently asked questions

Heal Capital is a VC fund based in Berlin, Germany, founded in 2020.

Yes. Heal Capital invests its own capital in private companies.

Heal Capital invests at Seed and Series A stages in HealthTech and Artificial Intelligence.

Key people at Heal Capital include Eckhardt Weber (Founding Managing Partner), Christian Lautner (Fund management), Dr. Markus Müschenich (Fund management (named on the PKV Heal Capital page)) and Bastian Biermann (Project lead Heal Capital at the PKV-Verband (sponsor side)).

Heal Capital's investments include Siilo, Infermedica, Avi Medical, Apheris, Gleamer, Ceregate, Apriwell and Entyre, among others.

The most recent publicly reported investment by Heal Capital is Vocca (Series A, USD 20m (led by Norrsken VC; Heal Capital participated)), announced in Oct 2026.

Yes. Heal Capital manages capital from outside investors.