# SHS Capital: portfolio, investments and team

> SHS Capital is a private equity based in Germany. 2 investments on record, 1 in the last 12 months, latest Jan 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/shs-capital (Millionrounds; every figure on the page links to its filing or article)

Germany · [Investor](https://millionrounds.com/investors)

# SHS Capital

Last cheque observed Jan 2026; 2 cheques on record.

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Deploying now Private equity

Growth Healthcare Life Sciences

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Deploying now

**50%** of best year **1** **cheques in 12 months**, 2 on record

Since the last cheque **276** days **00** hrs **00** min **00** sec

Median round **$60M** Cheque size, as they say **$11M – $55M** Rounds led **0 of 2**

Pitch SHS Capital

## SHS Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series B: 100% of its rounds

## What they do

> Today, we are the leading German healthcare dedicated private equity fund. From their own website

- **Type:** Private equity
- **Cheque size:** $11M – $55M as they say
- **Stages:** Growth
- **Sectors:** Healthcare Life Sciences
- **Based in:** Tuebingen, Germany
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **2 appearances**

- **2026** 1 round
- **Jan** **[Salvia](https://millionrounds.com/company/salvia)** Series B · NL · SHS Capital **$60M** With 3 others
- **2025** 1 round
- **May** **[Salvia BioElectronics](https://millionrounds.com/company/salvia-bioelectronics)** Series B · NL · Thuja Capital **$60M** With 9 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **24** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Growth

Median round joined **$60M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Said size:** $11M – $55M
- **Sole investor:** Never alone
- **Last cheque:** Jan 2026

Rounds by stage said on their site

- Series B *2*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [EIC Fund](https://millionrounds.com/fund/eic-fund) 2
- [Innovation Industries](https://millionrounds.com/fund/innovation-industries) 2
- [Invest-NL](https://millionrounds.com/fund/invest-nl) 2

**Pitching SHS Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as SHS Capital. A count of rooms they were both in, not a relationship either has claimed.

[**EIC Fund** VC firm **2** rounds together](https://millionrounds.com/fund/eic-fund)[**Innovation Industries** VC firm **2** rounds together](https://millionrounds.com/fund/innovation-industries)[**Invest-NL** Private equity **2** rounds together](https://millionrounds.com/fund/invest-nl)

## Recently backed

The latest companies SHS Capital put money into.

[**Salvia BioElectronics** $60M · May 2025](https://millionrounds.com/company/salvia-bioelectronics)

## Quick answers about SHS Capital

### What does SHS Capital invest in?

SHS Capital invests most often at Series B (100% of the rounds on record), in sectors such as Healthcare and Life Sciences.

### How active is SHS Capital?

2 investments on record, 1 of them in the last 12 months. The most recent was in Jan 2026.

### What has SHS Capital invested in recently?

Its most recent investments on record: Salvia (Series B, Jan 2026) and Salvia BioElectronics (Series B, May 2025).

### How big are SHS Capital's cheques?

The median round it joins is $60M. It says it writes cheques of $11M to $55M.

### Is SHS Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does SHS Capital invest alongside?

Most often EIC Fund (2 rounds together), Innovation Industries (2 rounds together) and Invest-NL (2 rounds together).

### What kind of investor is SHS Capital?

SHS Capital is a private equity firm based in Tuebingen, Germany.

### When was SHS Capital founded?

SHS Capital was founded in 1993.

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