HealthCap

Investor type

VC

Founded

1996

AUM

$1 000 M

Location

Stockholm, Stockholm County, Sweden

Investment Ticket

$10-50 m

Investment Stage

Series A Seed Series B Late Stage (Series C+)

Region of investment

Europe North America Asia

ESG Focus

Impact investor
Investor profile last updated: 21 August, 2026

Profile

HealthCap is a venture capital firm based in Stockholm, specializing in life sciences. Founded in 1996, the firm boasts a diverse team with expertise in medicine, finance, and biochemistry. HealthCap has distinguished itself by focusing on investments that challenge current medical paradigms to develop breakthrough therapies with the potential to cure diseases and enhance quality of life. The firm has contributed significantly to the life science ecosystem worldwide by fostering innovation and emphasizing impact and sustainability.

HealthCap invests in a variety of sectors within life sciences, targeting high unmet medical needs and emerging therapeutics, particularly in rare diseases, cancers, and genetic disorders. The firm has funded over 130 companies, facilitating 48 IPOs on 14 markets and achieving approvals for 34 pharmaceutical products. HealthCap primarily backs companies that develop therapeutic interventions to improve patient outcomes, embracing precision medicine as a fundamental strategy. The firm's commitment to collaboration with various stakeholders is integral to its responsible investment strategy.

Notable investments in HealthCap’s portfolio include Spruce Biosciences - focuses on rare endocrine disorders, Aprea Therapeutics - oncology therapeutics, and other companies aimed at developing therapies for life-threatening conditions. The firm has played an active role in helping portfolio companies achieve significant growth, often preparing them for public offerings or trade sales.

Industry

Life Sciences MedTech SaaS Pharmaceuticals Medical Devices Biotechnology Healthcare Services

Contacts

Name
Title
Email
avatar
Mårten Steen Managing Partner | MD PhD
Managing Partner | MD PhD
m•••@•••
avatar
Carl Kilander Partner | MD PhD
Partner | MD PhD
c•••@•••
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Investment-team contacts for HealthCap — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about HealthCap

HealthCap is a venture capital firm. It backs companies at Series A, Seed, Series B and Late Stage (Series C+), writing tickets of $10-50 m.
HealthCap is located in Stockholm, Stockholm County, Sweden.
HealthCap was founded in 1996.
HealthCap invests in companies and startups in Life Sciences, MedTech, SaaS, Pharmaceuticals, Medical Devices, Biotechnology, Healthcare Services.
HealthCap invests in companies and startups in Europe, North America, Asia.
HealthCap invests in companies and startups at Series A, Seed, Series B, Late Stage (Series C+).
HealthCap usually invests $10-50 m on average.
HealthCap has around $1 000m assets under management.
Yes, HealthCap is impact investor.
HealthCap can be reached through its website healthcap.eu, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for HealthCap — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query HealthCap directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 21 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.