Healthtech funding in Q4 2011
European Healthtech startup funding raised during Q4 2011.
In Q4 2011, 15 European Healthtech companies closed 15 funding rounds and raised €170M in equity funding (excluding debt and grants), up 184.4% versus Q4 2010. Switzerland led by capital raised, and Artemis was the most active investor. Data as of 6 Nov 2026.
Equity funding
€170M
+184.4% vs Q4 2010 · excl. debt & grants
Funding rounds
15
+114.3% vs Q4 2010
Companies
15
Top country
Switzerland
Rank among sectors
#1
16.1% of sector funding
Top-10 round share
98.2%
of disclosed capital
Funding by month
€ raised vs rounds, by monthHealthtech — funding by month, Q4 2011 — interactive chart.
Data table
| Funding | Rounds | |
|---|---|---|
| Oct | €47M | 6 |
| Nov | €107M | 6 |
| Dec | €16M | 3 |
Top countries
by € raisedHealthtech — top countries by capital, Q4 2011 — interactive chart.
Data table
| Healthtech — top countries by capital, Q4 2011 | |
|---|---|
| Switzerland | €71M |
| Austria | €33M |
| UK | €25M |
| Germany | €17M |
| France | €13M |
| Ireland | €6.1M |
| Spain | €3.5M |
| Belgium | €2.2M |
Stage mix
by € raisedHealthtech — stage mix, Q4 2011 — interactive chart.
Data table
| Healthtech — stage mix, Q4 2011 | |
|---|---|
| Series C | €71M |
| Growth/Late | €43M |
| Early VC | €19M |
| Other | €17M |
| Series D+ | €13M |
| Series B | €7.4M |
| Seed | €531k |
Top deals
largest disclosed rounds in Q4 2011| Company | Stage | Date | Amount |
|---|---|---|---|
| Biocartis | Series C | Nov 2011 | €71M |
| AFFiRiS | Growth/Late | Nov 2011 | €25M |
| Sphere Medical Holding | Growth/Late | Oct 2011 | €18M |
| uTest_Vamsi | Series D+ | Dec 2011 | €13M |
| Sapiens | Early VC | Nov 2011 | €10M |
| Miracor Medical Systems | Series B | Oct 2011 | €7.4M |
| Numares | Early VC | Oct 2011 | €7.0M |
| Phagenesis | Other | Oct 2011 | €7.0M |
| Veryan Medical | Other | Oct 2011 | €5.8M |
| Medlumics | Other | Dec 2011 | €3.5M |
| Cartagenia | Early VC | Oct 2011 | €2.2M |
| Updox | Other | Nov 2011 | €357k |
| Diagnosia | Seed | Nov 2011 | €250k |
| Albert Medical Devices | Seed | Nov 2011 | €241k |
| Tedcas | Seed | Dec 2011 | €40k |
Top investors
most active in Q4 2011, by deal count- Artemis1 deals
- Austria Wirtschaftsservice1 deals
- Bayern Kapital1 deals
- Caixa Capital Risc1 deals
- Earlybird Venture Capital1 deals
- KFW1 deals
- MIG Fonds1 deals
- SHS Gesellschaft für Beteiligungsmanagement1 deals
- The North West Fund1 deals
- Wayra1 deals