Our portfolio companies
Current investments


Summary
AMW is an innovative specialty-pharmaceutical company. It develops and manufactures active and passive transdermal patches, biodegradable subcutaneous implants, and intravaginal rings, by using its patented and proprietary technologies. Key-activities are innovative products and applications for indications such as oncology, neurology, ophthalmology, endocrinology, diabetes and pain treatment.
General
Name: | AMW GmbH |
HQ: | Warngau, Germany |
Industry: | Pharmaceuticals |
Subsector: | Drug Delivery |
Phase: | Growth |
Website
https://a-m-w.eu/USP
- One of a very few companies who are able to develop and approve transdermal and parenteral drug delivery systems
- AMW is covering the entire value chain (from R&D to production)
Website
https://a-m-w.eu/

Summary
AOT is a Swiss MedTech company developing surgical solutions by integrating optics, robotics and digital technologies. The company’s vision is to significantly improve outcomes of osteotomies by offering digital surgical solutions. Thus, the company has developed CARLO®, the world’s first contact-free laser osteotome which allows to overcome the limitations of interventional mechanical instruments used today. The company’s solutions shall improve patient recovery times, reduce complication rates and lower overall procedure costs.
General
Name: | AOT AG |
HQ: | Basel, Switzerland |
Industry: | MedTech |
Subsector: | Surgical Robotics |
Phase: | Growth |
Website
https://aot.swiss/USP
- Safe & digital patient journey from pre-op plan to bone cut due to full digital workflow
- High accuracy/precision/flexibility resulting from robot-guided laser ablation
- Faster bone healing and patient recovery
- Patient specific cuts, no templated required
Website
https://aot.swiss/

Summary
Betterguards Technology develops and produces "safety belts" for human joints. The technology offers intelligent protection and only activates in case of critical movements. During normal activities, however, the system is flexible and guarantees a natural freedom of motion. This combination is unique on the market and, in addition to the protective effect, is primarily intended to offer people more freedom, comfort and courage during their movements. The Betterguards system can be integrated as a component into i.e. supports, orthoses, and shoes.
General
Name: | Betterguards Technology GmbH |
HQ: | Berlin, Germany |
Industry: | Medtech/Sports |
Subsector: | Orthopedics/Shoes |
Phase: | Growth |
Website
https://www.betterguards.de/USP
- Protection against joint injuries, while allowing for broad freedom of movement
- Reacts faster than the muscle
- Adjustable release speed
- Release mechanism is reversible
- Kinetic energy is absorbed
Website
https://www.betterguards.de/

Summary
Blue Ocean Spine is developing functional and 3D printed interbody fusion cages. These spine implants are placed between vertebral bodies which consequently grow together and finally result in restabilizing a patient’s spine. Blue Ocean Spine’s next generation of cages enable quicker and safer surgeries while patient specific requirements can be addressed.
General
Name: | Blue Ocean Spine GmbH |
HQ: | Tuttlingen, Germany |
Industry: | Medtech |
Subsector: | Orthopedics / Spine |
Phase: | Growth |
Website
https://www.blueoceanspine.com/USP
Expandable cages:
- In situ adjustable to patient needs (height, width, lordosis angle)
- Easier handling, no external fixation required, better safety profile
Website
https://www.blueoceanspine.com/

Summary
CAM Bioceramics is a contract development and manufacturing organization of orthobiologic calcium phosphates (CaP) and calcium hydroxy appetite (CaHa) with a focus on MedTech and Life Science applications. The company was founded in 1985 as a spin-off from the University of Leiden and was among the first companies to provide innovative CaHA plasma-sprayed coatings on orthopedic implants. The company is facing strong and growing customer demand, especially in the segments for CaHa powders for the coating of orthopedic implants and dermal fillers (reducing wrinkles in facial applications).
General
Name: | CAM Bioceramics B.V. |
HQ: | Leiden, Netherlands |
Industry: | Outsourcing & Healthcare Service |
Subsector: | CDMO |
Phase: | SME |
Website
https://cambioceramics.com/USP
Combination of excellent product know-how at the intersection of chemistry, material science and biology, production capabilities & capacities at industrial scale as well as outstanding customer service.
Website
https://cambioceramics.com/

Summary
Transcatheter mitral valve repair system. Replaces defective Chordae Tendineae (threads) in a minimal-invasive procedure.
General
Name: | CoreMedic GmbH |
HQ: | Radolfzell, Germany |
Industry: | MedTech |
Subsector: | Cardiology |
Phase: | Growth |
Website
http://www.coremedic.ch/USP
- Mitral valve repair at the beating heart.
- No need for heart lung machine. Replaces open heart surgery.
- Mitral valve repair is recommended as first line therapy before mitral valve replacement
- Repair of the chordae in the most natural way
Website
http://www.coremedic.ch/

Summary
Develco Pharma is a specialty pharmaceutical company that develops and produces innovative formulations for drugs with known active ingredients. After approval, the products are licensed out to internationally operating pharmaceutical companies. Develco Pharma is responsible for the entire value chain from development and approval to manufacture and delivery. By focusing on extended or modified releases, the company has grown into an internationally recognized and renowned provider.
General
Name: | Develco Pharma Schweiz AG |
HQ: | Schopfheim, Germany |
Industry: | Pharmaceuticals |
Subsector: | Specialty Pharma |
Phase: | SME |
Website
https://www.develco.ch/USP
- Huge kit of difficult and innovative formulation technologies (that often allow to circumvent existing patents)
- Highest speed and flexibility in development projects (for most of it's projects, Develco is first-to-market)
- Only supplier with an own state-of-the-art production in Germany (offering significant advantages in terms of logistics)
Website
https://www.develco.ch/

Summary
Dr.Dropin’s digi-physical approach consists of leveraging physical clinics with digital offerings. The company’s target is to provide the patient with a “one-stop shop” and thereby simplify the service offering. This includes: Primary care and other health related services (gynaecology, dermatology, physical therapy, pediatrics, psychology), physical and video consultations, lean staffing model, short waiting times (15 min for digital consultation, same day for physical consultation).
General
Name: | Dr.Dropin AS |
HQ: | Oslo, Norway |
Industry: | Digital Health |
Subsector: | Digital Health |
Phase: | Growth |
Website
https://drdropin.no/en/USP
- Synergistic combination of digital and physical service offerings
- Significant reduction of waiting times and improvement of service quality
Website
https://drdropin.no/en/

Summary
ESSERT is a German robotics and software company creating modular automation platforms. ESSERT’s know-how lies in the smart integration of hardware and software components, combining them into individualized and flexible production processes. The optimal use case for ESSERT’s workstations (ARWs) are low-volume high-mix applications. Examples in the life science industry include the separation, selection, and placement of bulk materials, pipetting, and assembly of medical devices. SHS aims to support ESSERT in its business development efforts as well as organizational expansion and professionalisation.
General
Name: | ESSERT GmbH |
HQ: | Bruchsal, Germany |
Industry: | Medical Technology |
Subsector: | Production Equipment |
Phase: | SME |
Website
https://www.essert.com/USP
- Modularity, flexibility, and reconfigurability of the ARWs
- Strong growth potential with the existing core business
- Proven track record with major pharma players
- Experienced and autonomously functioning management team
- Good opportunities to add value from SHS’ side
Website
https://www.essert.com/

Summary
The company develops and markets software solutions for education/training, process digitization and process optimization concerning operation rooms (OR) in hospitals. In doing so the company helps making surgeries more efficient and less error-prone. Patients and hospitals will profit from this alike. Currently, the company has more than 200 hospital clients in over 18 countries. The education/training is already on the market.
General
Name: | Incision Group B.V. |
HQ: | Amsterdam, Netherlands |
Industry: | Digital Health |
Subsector: | Professionals/ Clinics |
Phase: | Growth |
Website
https://www.incision.care/USP
- Incision addresses the entire OR team (nurses, residents, surgeons, etc.
- Incision offers a holistic platform covering education/ training, process digitization and process optimization
- Incision has a modularized onboarding process for efficient onboarding of new customers
Website
https://www.incision.care/

Summary
Lowenco develops, produces and sells Ultra-Low Temperature (ULT) storage solutions for pharma and biotech customers. The company is already a preferred supplier to several of the largest Biotech and Pharma companies worldwide and is, based on it`s unique value proposition to it`s customers, very well positioned to continue addressing the increasing demand for ULT storage solutions, which is driven by the strong underlying growth in biopharma volumes.
General
Name: | Lowenco A/S |
HQ: | Vamdrup, Denmark |
Industry: | Outsourcing & Healthcare Services |
Subsector: | ULT storage solutions |
Phase: | SME |
Website
https://www.lowenco.com/USP
- Superior technical performance
- Leading energy efficiency
- Significantly lower total cost of ownership
Website
https://www.lowenco.com/

Summary
MESI is an innovative healthcare player and a frontrunner in the field of simplifying and digitizing diagnostic workflows in general and specialist practices, home care facilities, and hospitals. Going forward MESI targets to further expand both its sales organization and its product & service portfolio e.g., by predictive applications. Since its inception in 2010, the founders and management have successfully built up an idea to a business with around 84 employees today. MESI products are sold across multiple countries worldwide.
General
Name: | MESI Medical |
HQ: | Ljubljana, Slovenia |
Industry: | Healthcare Services |
Subsector: | General Medicine |
Phase: | Growth |
Website
https://www.mesimedical.com/USP
- Time savings through improvements in technology and workflows
- Flexibility and mobility of devices
- Modularity allows customization of set-up and enhances user experience
- Automatic data storage on the tablet, cloud or if desired, patient health record
Website
https://www.mesimedical.com/

Summary
Miracor's “PICSO” therapy is aiming to significantly reduce the damage to the heart muscle after an heart attack. Clinical studies ongoing. CE Mark of next-generation system obtained in Q2 2020.
General
Name: | Miracor Medical SA |
HQ: | Awans, Belgium |
Industry: | MedTech |
Subsector: | Cardiology |
Phase: | Growth |
Website
http://www.miracormedical.com/USP
- Reduced number of patients with additional heart attack or mortality
- Increased quality of life by restoring heart tissue
- Reduced long-term cost in the healthcare system
Website
http://www.miracormedical.com/

Summary
Company with globally-leading devices for the diagnostics of pulmonary function. ndd’s EasyOne® is market-leader in spirometry, ndd’s EasyOne Pro® enables PoC testing of the important pulmonary and cardio-pulmonary markers. ndd’s products are chosen for many and highly-regarded clinical trials (e.g. COPD Gene), including clinical trials of the pharmaceutical industry.
General
Name: | ndd Medizintechnik AG |
HQ: | Zurich, Switzerland |
Industry: | Diagnostics |
Subsector: | Respiratory |
Phase: | Growth |
Website
https://www.ndd.ch/USP
- Sensor technology with highest accuracy & precision
- Easy to use: Procedure simplified, highest reliability, no recurrent calibration needed
- Lower costs for the healthcare system
Website
https://www.ndd.ch/

Summary
Software-solutions for the automatized recognition and categorization of epileptic seizures. Neuro Event Labs enables neurologists to make more detailed diagnoses and to individually adjust therapies to each patient’s needs. The company makes it possible to observe patients both in clinics and at home. Further neurological indications are in the pipeline.
General
Name: | Neuro Event Labs Oy |
HQ: | Tampere, Finland |
Industry: | Medtech |
Subsector: | Digital Health |
Phase: | Growth |
Website
https://www.neuroeventlabs.com/USP
- Replaces subjective epilepsy journals and complements – or even partly replaces – expensive video EEGs
- Cost efficient home-applications running over several weeks enable more accurate patients diagnoses, improving therapeutic success
Website
https://www.neuroeventlabs.com/

Summary
Production and sales of medical aids like fixations and pads for the intensive care, anaesthetic and nursing sectors especially:
- Trancheostomy/laryngectomy – fixations and supply
- Breathing support – fixations, ventilation tubes and supply
- Safety systems and prophylaxis
General
Name: | Novo Klinik-Service GmbH |
HQ: | Bergheim, Germany |
Industry: | MedTech |
Subsector: | Respiratory |
Phase: | SME |
Website
https://www.novo-med.deUSP
- Easy to use
- Particularly skin-friendly products
- Soft, breathable fixations
- Smoothly absorbing
- Protection against any irritation or decubitus
Website
https://www.novo-med.de

Summary
numares is about to disrupt the lab diagnostics market. The company’s technology utilizes physics (NMR) and software (AI) to enable better understanding of organ functions. Instead of single biomarkers, numares’ software platform evaluates biomarker sets – metabolite constellations – in hundreds of analysed metabolites, showing not only the function of a single organ but also the influence of a diseased organ in the interaction with the organ system.
General
Name: | numares AG |
HQ: | Regensburg, Germany |
Industry: | Diagnostics |
Cluster: | Metabolomics |
Phase: | Growth |
Website
https://www.numares.com/USP
- One sample, all answers: Diagnostic and prognostic markers
- Highly efficient: Physics and AI instead of wet chemistry processes
- Fully automated, high-throughput, cost-efficient diagnostics
Website
https://www.numares.com/

Summary
PathoQuest offers advanced Next Generation Sequencing (NGS) solutions in biosafety testing that supplement or replace traditional testing methods and support the strategic decision-making process for the release of biological products like vaccines, cell & gene therapies, Ab-based biologics, etc. The company has a direct presence in Europe as well as in the US market.
General
Name: | PathoQuest SAS |
HQ: | Paris, France |
Industry: | Other Healthcare |
Subsector: | Biosafety Testing |
Phase: | Growth |
Website
https://www.pathoquest.com/USP
- Detection of replicating viruses only
- Substitutional to animal testing
- Faster time to release
Website
https://www.pathoquest.com/

Summary
Salvia is developing neurostimulating devices which can be implanted under the skin to help those who suffer from chronic migraines. Salvia’s devices stimulate the nerves directly with high effectivity, at the same time having less issues of competing products as skin erosion, lead breakage etc. due to its usage of bioelectronics foils.
General
Name: | Salvia BioElectronics B.V. |
HQ: | Eindhoven, The Netherlands |
Industry: | Medtech |
Subsector: | Neuromodulation |
Phase: | Growth |
Website
https://www.salvianeuro.com/USP
Bioelectronic foils used:
- Minimally invasive procedure
- Implanted device not visible
- Avoids skin erosion, lead breakage, lead displacement
Website
https://www.salvianeuro.com/

Summary
Selfapy is Germany’s leading provider of online therapy for mental health. Selfapy offers psychologically guided, anonymous, and flexible therapy programs to people suffering from psychological disorders. The three-month programs were developed together with experienced psychotherapists and are based on the principles of cognitive behavioural therapy. Covered indications include Depression, Anxiety Disorders, Burnout, Eating Disorders or Stress.
General
Name: | Selfapy GmbH |
HQ: | Berlin, Germany |
Industry: | MedTech |
Subsector: | Digital Health |
Phase: | Growth |
Website
https://www.selfapy.de/USP
- Low-threshold therapy offer for patients suffering from mental health illness
- Completion of the online courses under psychological guidance without waiting time
- The courses can be run anonymously and flexibly in terms of time
Website
https://www.selfapy.de/

Summary
Simulands offers human-grade heart simulators (hardware + software) with additional software solutions for educational purposes in the field of structural heart intervention. The customer base is diversified with multinational MedTech companies as well as academia and hospitals. Simulands plans to standardize manufacturing, to offer a 360° simulation solution including an AI/AR based software complementation to the hardware simulators and to expand into other markets.
General
Name: | Simulands AG |
HQ: | Zurich, Switzerland |
Industry: | Other Healthcare Services |
Subsector: | Surgery Simulation |
Phase: | Growth |
Website
https://www.simulands.com/USP
- Easy-to-use simulator that combines real haptic feedback with portability and fast set-ups as well as customer-specific adaption
- Promising partners
- Worldwide presence
Website
https://www.simulands.com/

Summary
Rapid-growing company that offers unique super-high-pressure balloon catheters (up to 35 atm), used for treatment of cardiovascular stenotic lesions, even the rapidly increasing numbers of highly calcified ones.
General
Name: | SIS Medical AG |
HQ: | Frauenfeld, Switzerland |
Industry: | MedTech |
Subsector: | Cardiology |
Phase: | SME |
Website
https://www.sis-medical.com/USP
Product OPN NC:
- Highly-non-compliant balloon (up to 35 bar rated burst pressure)
- Safest, easiest and most economic tool used to open heavily-calcified vascular lesions
Website
https://www.sis-medical.com/

Summary
Highly innovative dental implant system company – designed and manufactured in Switzerland. TRI® offers the best-in-class digital portfolio and is additionally developing a Digital-Implant which integrates the first-ever dental implant-connection specifically designed for CAD/CAM and 3D-printed prosthetics and thus allows for the connection of a ceramic crown directly to the implant, eliminating the need for an abutment.
General
Name: | TRI Dental Implants Int. AG |
HQ: | Hünenberg, Switzerland |
Industry: | MedTech |
Subsector: | Dental |
Phase: | Growth |
Website
https://tri-implants.swiss/de/USP
- Digital Implant: Highest-standard aesthetics paired with significant cost reductions for patients (mainly Dental Clinics and DSOs)
- Other portfolio: Best-in-class digital workflows and highest simplicity (e.g. 50% less components)
Website
https://tri-implants.swiss/de/

Summary
Pioneer in digitizing rehabilitation. Tryomotion develops and distributes robot- and computer-assisted therapeutic devices for the rehabilitation sector worldwide. Their customer base is based on global blue chip rehab centers.
General
Name: | Tyromotion GmbH |
HQ: | Graz, Austria |
Industry: | Medtech |
Subsector: | Rehabilitation |
Phase: | Growth |
Website
https://tyromotion.com/USP
- Faster and fully documentable therapeutical success
- More efficient therapy with lower set-up times
- Higher patient-compliance
- Lower cost for the healthcare system
Website
https://tyromotion.com/Unfortunately no results were found for your search. Try a different combination or reset the filter.
Selected exits
Excerpt of sold investments

Blazejewski MEDI-TECH GmbH
Innovative and complex 2D- and 3D-endoscopy-systems with outstanding optical quality
–
Acquired by Erbe Group

c-LEcta GmbH
Leading innovator and supplier of biotech products for regulated markets such as food and pharmaceuticals
–
Exited to Kerry Group

CryLaS GmbH
Diode pumped solid-state high performance lasers
–
Exited to Silver Investment Partners

Crystal GmbH
High-tech company in the field of crystal processing with medical technology application
–
Exited to Silver Investment Partners

EIT Emerging Implant Technologies GmbH
Company with best in class 3D-printed spine cages
–
Exited to Johnson & Johnson

evitria AG
World market leader in the production of customised antibodies
–
Exited to Atlas Antibodies AB

GNA Biosolutions GmbH
Ultra-fast, sensitive and mobile point-of-care molecular diagnostics platform
–
Exited to "undisclosed"

medigroba GmbH
Care of patients in hospitals, care facilities and practices with assistive and care products
–
Exited to Löwenstein GmbH & Co. KG

Novosis AG
Drug delivery company with exceptional knowledge in transdermal drug delivery technologies
–
Exited to Acino (formerly Schweizerhall)

phenox GmbH
Leading manufacturer of instruments for the treatment of strokes
–
Acquired by Wallaby Medical

ProBioGen AG
Renown CDMO company with longstanding experience in cell line development and production optimization
–
Acquired by Minapharm Pharmaceuticals

puracon GmbH
Specialist for validation, sterile assembly, packaging and global logistics of medical products
–
Acquired by Klingel medical metal

Single Use Support GmbH
Complete solution to close a substantial gap in the handling/transportation process of biopharmaceuticals
–
Exited to Pall Corporation

Spiegelberg GmbH & Co. KG
Leading medtech expert for devices and consumables in the field of neurosurgery
–
Acquired by Luciole Medical AG

TNI medical AG
Leading company in the innovative highflow therapy area for non-invasive ventilation
–
Acquired by Masimo

Vita 34 AG
Successful pioneer in cryoconservation of stem cells of the cord blood
–
IPO (prime market at the German stock exchange)