April 01, 2021 + Jessica Di Palo
3 Min read
Today, MTIP AG, a Basel-based private equity firm that invests in healthtech companies, is pleased to announce that it has completed the first closing of its Fund II. The growth capital fund secured EUR 130m and is well on track towards the target fund size of EUR 200m.
MTIP FUND II, SCSp is MTIP’s second healthtech fund, designed to provide growth capital and build on the healthtech investment thesis of its successful predecessor. With a target size of EUR 200m the fund invests in digital health and connected medical device companies, based primarily in Europe, that offer differentiated solutions for a rapidly evolving healthcare environment.
MTIP’s second fund executed a strong first closing securing EUR 130m. The capital was raised by different investors comprising mainly institutional investors, pension funds, family offices, hospitals, and foundations. The company is especially proud to work together with the European Investment Fund (EIF) as an anchor investor. EIF’s Chief Executive Alain Godard said: “Digital health is a field of both great potential and high priority for patients and healthcare providers alike. With a market estimated to continuous growing, healthtech is at the center of major on-going and upcoming innovations. MTIP’s fund strategy fits with EIF’s ambition of financing the vital growth segment of the European Venture Capital ecosystem, which is largely underfunded and overly dependent on non-European investors for larger investments. The EIF is pleased to support MTIP and tackle two major gaps in the European market – digital health and growth capital.”
“This closing is an enormously important milestone in our company history, and we are particularly pleased to have overachieved our expectations – even during a pandemic. Our Fund II has already added three stellar investments to its portfolio with more to come in the near future. This creates a strong momentum towards the final close”, emphasizes Dr. Christoph Kausch, Managing Partner of MTIP. “We are pleased to have onboarded existing investors as well as new limited partners for the first closing of our newest Fund and are grateful for the support and confidence they have shown towards our investment strategy and our mission to empower innovation that improves lives”, he continues.
MTIP is the first pure play pan-European healthtech investor and has already executed three very well distinguished investments with its newest fund. The first investment was carried out in Oviva, a digital nutritional therapy platform that offers both face-to-face sessions and remote support for clients from dietitians via smartphone app. The second one in Trialbee, a digital platform for patient recruitment and retention for clinical trials. And finally, Koa Health, that delivers mental health support that adapts to individuals’ unique circumstances. The Fund continues to see a unique flow of new investment opportunities, enhanced by the firm’s extensive network, its leading role in Europe, and the strength of its strategy.
MTIP is a pan-European healthtech growth capital investor, based in Basel Switzerland. We invest in digital health and digitally connected medical device companies, with offerings that provide clear health-related economic benefits. Our entrepreneurial investment team, which has complementary private equity skills and exceptional deal-making capabilities, actively works with our portfolio companies to boost growth. MTIP efficiently deploys capital to unlock value and generate attractive returns for our investors. Visit www.mtip.ch for more information.
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