# Biotech investors in Benelux (2026 list)

> 142 biotech investors in Benelux, 88% active in the last 12 months. Led by Bpifrance, Index Ventures, Google Ventures. Ranked by what they funded.

Source: https://millionrounds.com/lists/biotech-investors-in-benelux (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Biotech investors in Benelux

Updated 7 November 2026

Firms observed backing a biotech company in Benelux in the last two years, wherever the firm is based.

[See all 142 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fbiotech-investors-in-benelux)The top 25

**142** investors on the list *+1* this week

**1,797** cheques in 12 months *-1%* against the market

**$13M** median round they joined *+68%* against the market median

**88%** wrote a cheque in 12 months

**55%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen
- 2 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,027** **$31M** median round **Nov 2026** last seen
- 3 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **884** **$38M** median round **Oct 2026** last seen
- 4 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 5 [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) *Deploying now* VC firm · Hong Kong SAR China **526** **$25M** median round **Oct 2026** last seen
- 6 [EISMEA](https://millionrounds.com/fund/eismea) *Deploying now* Investment firm **524** **$2.2M** median round **Sept 2026** last seen
- 7 [Polaris Partners](https://millionrounds.com/fund/polaris-partners) *Deploying now* VC firm · United States **490** **$36M** median round **Oct 2026** last seen
- 8 [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) *Deploying now* Private equity · United States **395** **$93M** median round **Nov 2026** last seen
- 9 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen
- 10 [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) *Deploying now* VC firm · United Kingdom **355** **$10M** median round **Oct 2026** last seen
- 11 [IVP](https://millionrounds.com/fund/ivp) *Deploying now* VC firm · United States **287** **$100M** median round **Oct 2026** last seen
- 12 [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) *Deploying now* Government · Luxembourg **246** **$37M** median round **Nov 2026** last seen
- 13 [Sofinnova Partners](https://millionrounds.com/fund/sofinnova-partners) *Deploying now* VC firm · France **234** **$34M** median round **Nov 2026** last seen
- 14 [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) *Deploying now* Asset manager · United States **206** **$100M** median round **Oct 2026** last seen
- 15 [Novo Holdings](https://millionrounds.com/fund/novo-ventures) *Deploying now* VC firm · Denmark **203** **$60M** median round **Oct 2026** last seen
- 16 [Seventure Partners](https://millionrounds.com/fund/seventure-partners) *Deploying now* VC firm · France **193** **$9.5M** median round **Sept 2026** last seen
- 17 [Wellington Partners](https://millionrounds.com/fund/wellington-partners) *Deploying now* VC firm · Germany **180** **$33M** median round **Jun 2026** last seen
- 18 [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) *Deploying now* Private equity · United Kingdom **178** **$115M** median round **Oct 2026** last seen
- 19 [F-Prime Capital](https://millionrounds.com/fund/f-prime) *Deploying now* VC firm · United States **162** **$30M** median round **Nov 2026** last seen
- 20 [European Commission](https://millionrounds.com/fund/european-commission) *Deploying now* VC firm · Belgium **160** **$2.8M** median round **Sept 2026** last seen
- 21 [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) *Deploying now* Corporate VC · Switzerland **154** **$48M** median round **Nov 2026** last seen
- 22 [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) *Deploying now* VC firm · Sweden **152** **$20M** median round **Oct 2026** last seen
- 23 [Eurazeo](https://millionrounds.com/fund/eurazeo) *Deploying now* Private equity · France **150** **$28M** median round **Oct 2026** last seen
- 24 [Invus](https://millionrounds.com/fund/invus) *Deploying now* Private equity · United States **148** **$81M** median round **Oct 2026** last seen
- 25 [Eli Lilly](https://millionrounds.com/fund/eli-lilly) *Deploying now* Corporate VC · United States **137** **$56M** median round **Nov 2026** last seen

**117 more on this list**

All 142 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fbiotech-investors-in-benelux)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Eli Lilly](https://millionrounds.com/fund/eli-lilly)
- **5** Nov **[Alethio Therapeutics](https://millionrounds.com/company/alethio-therapeutics)** Series A · $90M *Led by* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management)
- **5** Nov **[Anaheim Bio](https://millionrounds.com/company/anaheim-bio)** Series A · $45M *With* [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp)
- **5** Nov **[Quint Computing](https://millionrounds.com/company/quint-computing)** Series A · $10M *With* [Nucleus Capital](https://millionrounds.com/fund/nucleus-capital)
- **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *Led by* [Invest-NL](https://millionrounds.com/fund/invest-nl)
- **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *With* [Index Ventures](https://millionrounds.com/fund/index-ventures)

## Stages This Year

1,342 rounds

- Venture **18%**
- Series A **15%**
- Seed **14%**
- Other **13%**
- Series B **10%**
- Other **31%**

## What They Backed

Sectors, last 12 months

- AI **340**
- Biotech **327**
- Healthcare **152**
- Pharma **100**
- Energy **50**
- Cleantech **40**

## Cheques by Quarter

Led Joined

494 Q1 25

425 Q2 25

441 Q3 25

606 Q4 25

544 Q1 26

539 Q2 26

372 Q3 26

110 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america)
- [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe)
- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in health and biotech

- The Innovator's Prescription: A Disruptive Solution for Health Care Clayton M. Christensen · 2008 4.21 from 1,158 ratings on Goodreads Health and biotech Innovation Moats and competition About the book A groundbreaking prescription for health care reform--from a legendary leader in innovation... Our health care system is in critical condition. Each year, fewer Americans can afford it, fewer businesses can provide it, and fewer government programs can promise it for future… On AmazonListen on Audible
- Where Does It Hurt?: An Entrepreneur's Guide to Fixing Health Care Jonathan Bush · 2014 3.78 from 598 ratings on Goodreads Health and biotech Company building Innovation About the book A bold new remedy for the sprawling and wasteful health care industry Where else but the doctor’s office do you have to fill out a form on a clipboard? Have you noticed that hospital bills are almost unintelligible, except for the absurdly high dollar amount? Why is it that… On AmazonListen on Audible
- Ashes to Ashes: America's Hundred-Year Cigarette War, the Public Health, and the Unabashed Triumph of Philip Morris Richard Kluger · 1997 3.94 from 306 ratings on Goodreads Health and biotech Company building About the book Ashes to Ashes is a monumental history of the American tobacco industry’s ironic success in developing the cigarette, modern society’s most widespread instrument of self-destruction, into the nation’s most profitable consumer product. Starting with its energized, work-obsessed… On AmazonListen on Audible
- The Kelloggs: The Battling Brothers of Battle Creek Howard Markel · 2017 3.87 from 969 ratings on Goodreads Health and biotech Company building About the book "What's more American than Corn Flakes?" --Bing Crosby From the much admired medical historian ("Markel shows just how compelling the medical history can be"--Andrea Barrett) and author of An Anatomy of Addiction ("Absorbing, vivid"--Sherwin Nuland, The New York Times Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=health).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about biotech investors in Benelux

### Who are the most active biotech investors in Benelux?

By cheques observed, the most active are Bpifrance, Index Ventures, Google Ventures, EIC Accelerator and Qiming Venture Partners.

### How many biotech investors in Benelux are there?

142 are on record. 88% made an investment in the last 12 months and 55% have led a round.

### Which stages do biotech investors in Benelux back?

Of the rounds with a named stage in the last 12 months, mostly Series A (23%) and Seed (20%).

### How big are the rounds biotech investors in Benelux join?

The typical (median) round among the leading investors here is $33M.

### Which sectors do biotech investors in Benelux back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

### Which biotech investors in Benelux lead the most rounds?

Index Ventures (62 led), Google Ventures (33 led) and Balderton Capital (22 led).

### Where are biotech investors in Benelux based?

Among the most active, most are based in the United States (8), France (4) and the United Kingdom (4).

### What have biotech investors in Benelux invested in recently?

Recent rounds include T-Therapeutics (Series B, Nov 2026, with Eli Lilly), Alethio Therapeutics (Series A, Nov 2026, with RA Capital Management) and Anaheim Bio (Series A, Nov 2026, with RTW Investments LLC).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)