About HealthTech sector in Munich, Germany
The HealthTech sector in Munich, Germany comprises 356 companies, including 97 funded companies having collectively raised $1.3B in venture capital money and private equity. Out of these, 34 are Series A+ funded, and 1 has achieved unicorn status.
HealthTech sector in Munich, Germany has seen 17 acquisitions and 2 IPOs. This represents almost 5.3% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes companies providing digital health solutions for disease management, diagnosis, treatment etc.
HealthTech sector is also known as Digital Health, e-Health, Health And Wellness Tech, Smart Healthcare, Healthcare Technology or Health Management Technology.
It includes companies providing both B2B and B2C software, platforms and connected devices for providers, hospitals, consumers, employers, and life science industry It excludes companies providing drugs, in vitro diagnostic solutions, drug delivery and medical devices that do not rely on digital platforms
Top HealthTech Companies in Munich, Germany
There are 356 HealthTech startups in Munich, Germany which include EGYM, Teleclinic, Kranus Health, Definiens, Smart Reporting. Out of these, 97 startups are funded, with 34 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 20 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Technical University of Munich, INSEAD and Massachusetts Institute of Technology.
Here is the list of top HealthTech startups in Munich, Germany
1. EGYM
Provider of smart exercising equipment and mobile-based app for trainers and individuals. The platform offers different types of exercising equipment for the users. Also, it offers an app for fitness trainers to manage their clients. Users can also access the different workout programs offered by fitness experts.
Key facts about EGYM
- Founded Year: 2010
- Location: Munich (Germany)
- Stage: Series G
- Total Funding till date: $580M
- Investors: NGP Capital, HPE Growth and 23 Others
- Latest Funding Round: Series G, Sep 25, 2024, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 1 of 5 Competitors
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2. Teleclinic
Teleclinic is an online telemedicine platform. Users can request for a video consultation or phone call across a range of common medical topics including depression, pregnancy, high BP, back pain among others. Claims to have 112 doctors across 33 specialties.
Key facts about Teleclinic
- Founded Year: 2015
- Location: Munich (Germany)
- Stage: Acquired
- Total Funding till date: $10.3M
- Investors: Idinvest Partners, Digital Health Ventures and 6 Others
- Latest Funding Round: Series A, Nov 29, 2018, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 1 of 68 Competitors
Provider of virtual care and digital therapeutics platform for urological disorders. The company's flagship products include Kranus Edera, a novel treatment for erectile dysfunction, and Kranus Lutera, a treatment for prostate enlargement.
Key facts about Kranus Health
4. Definiens
Provides image analysis and data mining solutions for quantitative digital pathology in the healthcare industry. It offers Tissue Studio, a solution for biomarker and morphological profiling in research and drug discovery on tissue samples; and Developer XD, a solution for scientists & image analysis experts to create and validate automated solutions for a range of biomedical image analysis problems. The company also provides Image Miner, a solution that integrates data mining with image analysis to accelerate biomarker research and development in life sciences. In addition, it focuses on supporting discovery, research, and diagnostics development that rely on the analysis of tissue samples; provides solutions for various phases of drug development. Further, the company supports clients in various stages of clinical development that include assay development, clinical validation, and test commercialization.
Key facts about Definiens
- Founded Year: 1994
- Location: Munich (Germany)
- Stage: Acquired
- Total Funding till date: $33.3M
- Investors: Gilde Healthcare, Wellington Partners Venture Capital and 5 Others
- Latest Funding Round: Grant (prize money), Jan 05, 2015, $*****
- Tracxn Score: 55/100 What is this?
- Competitors Rank: 17 of 393 Competitors
Smart Reporting is an AI-based radiology platform for patient data mining. The browser-based, vendor-neutral system does not require any installation. Radiologists can generate the report directly from a workstation without entering any sensitive patient data.
Key facts about Smart Reporting
- Founded Year: 2014
- Location: Munich (Germany)
- Stage: Series C
- Total Funding till date: $47.4M
- Investors: Yabeo, TVM Capital and 44 Others
- Latest Funding Round: Series C, Apr 22, 2024, $*****
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 1 of 46 Competitors
Companies founded year-on-year in the HealthTech sector in Munich
46 HealthTech startups in Munich were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 1 |
2024 | 9 |
2023 | 11 |
2022 | 21 |
2021 | 16 |
2020 | 46 |
2019 | 25 |
2018 | 26 |
2017 | 25 |
2016 | 25 |
Stage-wise distribution of HealthTech sector companies in Munich
Out of the total 356 HealthTech companies in Munich, 97 have secured funding. Among them, 34 have reached Series A or higher, and 24 to Series B or beyond.
Founded - 356
Funded - 97
Series A+ - 34
Series B+ - 24
Series C+ - 22
Company Stage | No. of companies |
|---|---|
Founded | 356 |
Funded | 97 |
Series A+ | 34 |
Series B+ | 24 |
Series C+ | 22 |
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Funding Trends in the HealthTech sector in Munich
Total funding year-on-year in the HealthTech sector in Munich
The HealthTech sector in Munich saw a total funding of more than $1.19B in the last 10 years. The most amount of funding was in 2023 at more than $291M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $54.3M |
2024 | $254M |
2023 | $291M |
2022 | $83.7M |
2021 | $135M |
2020 | $72.8M |
2019 | $96.8M |
2018 | $116M |
2017 | $33.4M |
Recent Funding Rounds in HealthTech in Munich
In the year 2025, till November 2025, HealthTech companies in Munich have raised $56.8M in equity funding across 9 rounds.
In the same period last year (i.e. till September 2024), HealthTech companies in Munich had raised $254M across 11 rounds.
So, 2025 has seen a 77.68% drop in funding in HealthTech companies in Munich as compared to 2024.
Here are some recent, important funding rounds in HealthTech companies in Munich:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9322 | Nov 19, 2025 | ||
Series A | 7303 | Sep 23, 2025 | - | |
Seed | 8149 | May 15, 2025 | ||
Seed | 5443 | Apr 24, 2025 | and 4 more | |
Seed | 5955 | Apr 03, 2025 |
Top Investors in HealthTech in Munich
EIT Health is the top investor in HealthTech companies in Munich based on number of companies invested.
Here are some top investors in HealthTech companies in Munich:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Munich (Germany) | ||
Sunnyvale (United States) | Wellabe and PharmaTrace | |
Bonn (Germany) | ||
Munich (Germany) | ||
Munich (Germany) |
M&A activity in HealthTech sector in Munich
In the year 2025, till October 2025, 1 acquisition happened in HealthTech sector in Munich. Last year, in 2024, a total of 2 acquisitions happened in HealthTech sector in Munich.
Here are some recent, important acquisitions in HealthTech sector in Munich:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 27, 2025 | ||
Business Acquisition | Sep 17, 2024 | ||
Business Acquisition | Mar 27, 2024 | - | |
Business Acquisition | May 10, 2022 | ||
Business Acquisition | Nov 24, 2021 |
Acquisition trends in HealthTech sector in Munich
Here are the acquisition trends in HealthTech sector in Munich:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | - |
2024 | 2 |
2023 | - |
2022 | 1 |
2021 | 3 |
2020 | 4 |
2019 | - |
2018 | 2 |
2017 | - |
2016 | 1 |
IPOs in HealthTech in Munich
In the year 2018, till September 2018, 1 IPO happened in HealthTech sector in Munich.
Here are some recent, important IPOs in HealthTech sector in Munich:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 27, 2018 | Hamburger Börse (HAM) |
Colleges which produce the most HealthTech companies in Munich
Companies founded by alumni from top colleges in the HealthTech in Munich
Most number of HealthTech startups in Munich have been founded by alumni from Technical University of Munich, INSEAD and Massachusetts Institute of Technology.
College | No. of companies |
|---|---|
Technical University of Munich | 5 |
INSEAD | 3 |
Massachusetts Institute of Technology | 3 |
University of Cambridge | 2 |
Aalto University | 1 |
Columbia University | 1 |
London School of Economics and Political Science | 1 |
Nanyang Technological University (NTU) | 1 |
The Karlsruhe Institute of Technology | 1 |
University of California (Berkeley) | 1 |
Total funding in HealthTech companies founded by alumni from top colleges in Munich
In the last 10 years, INSEAD graduates' HealthTech companies in Munich have raised the most funding among top colleges. London School of Economics and Political Science alumni are second, and Technical University of Munich alumni are third.
College | Total Funding |
|---|---|
INSEAD | $200M |
London School of Economics and Political Science | $19.8M |
Technical University of Munich | $8.74M |
Massachusetts Institute of Technology | $6.04M |
University of Cambridge | $5.32M |
Aalto University | $3.01M |
Nanyang Technological University (NTU) | $181K |
Columbia University | - |
The Karlsruhe Institute of Technology | - |
University of California (Berkeley) | - |
Top News in HealthTech in Munich
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Ebenbuild Appoints Charles A. Taylor, PhD as Chairman of the BoardBenzinga•Nov 11, 2024•Ebenbuild, HeartFlow
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EGYM and Life Fitness Expands Existing Global PartnershipPR Newswire•Jan 17, 2024•EGYM, Life Fitness
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Core Health & Fitness and EGYM Announce Strategic PartnershipEIN Presswire•Dec 06, 2023•EGYM, Core Health & Fitness
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Highland Europe launches new €1 billion fundTech.eu•Jan 23, 2023•Highland Europe, Adjust, AMCS, Camunda and 18 others
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