Healthtech funding in Q1 2011

European Healthtech startup funding raised during Q1 2011.

In Q1 2011, 18 European Healthtech companies closed 18 funding rounds and raised €186M in equity funding (excluding debt and grants), up 152.5% versus Q1 2010. Denmark led by capital raised, and Sunstone Capital was the most active investor. Data as of 6 Nov 2026.

Equity funding

€186M

+152.5% vs Q1 2010 · excl. debt & grants

Funding rounds

+100.0% vs Q1 2010

Companies

Top country

Denmark

Rank among sectors

23.4% of sector funding

Top-10 round share

98.5%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Data table

	Funding	Rounds
Jan	€30M	6
Feb	€140M	4
Mar	€18M	8

Top countries

by € raised

Data table

	Healthtech — top countries by capital, Q1 2011
Denmark	€100M
UK	€36M
Switzerland	€14M
Finland	€11M
France	€8.6M
Sweden	€8.3M
Ireland	€6.8M
Netherlands	€1.7M

Stage mix

by € raised

Data table

	Healthtech — stage mix, Q1 2011
Series D+	€105M
Series B	€35M
Other	€27M
Series A	€16M
Grant	€1.7M
Early VC	€1.6M
Seed	€873k

Exits & M&A

1 Acquisition

1 exit · €909M disclosed.

BioVex

Acquisition

Jan 2011

€909M

Top deals

largest disclosed rounds in Q1 2011

Company	Stage	Date	Amount
Symphogen	Series D+	Feb 2011	€100M
CellNovo	Series B	Feb 2011	€35M
Anergis	Series A	Mar 2011	€14M
Nexstim	Other	Jan 2011	€11M
InDex Pharmaceuticals	Other	Jan 2011	€8.3M
Impeto Medical	Other	Jan 2011	€6.1M
Cappella Medical Devices	Series D+	Feb 2011	€5.2M
Bioceros	Grant	Jan 2011	€1.7M
AeroSurgical	Early VC	Mar 2011	€1.6M
EVIAGENICS	Other	Jan 2011	€1.3M
ETHERA	Series A	Jan 2011	€1.2M
Activiomics	Other	Mar 2011	€725k
WINMedical	Seed	Mar 2011	€300k
The Electrospinning Company	Seed	Mar 2011	€298k
Reapplix	Seed	Mar 2011	€275k

View all 18 Healthtech deals in Q1 2011 →

Top investors

most active in Q1 2011, by deal count

← All 2011 Healthtech funding