Invest Europe

VC Success in European Biotech & Healthcare

Data and insight

06 Oct 2025

Invest Europe updated its online report launched in 2022 to highlight the latest data and success stories of venture capital investment in the Biotech & Healthcare sector in Europe with a focus on employment, growth and innovation.

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Life Sciences are not only critical for a healthier population, cutting-edge Biotech & Healthcare are also at the heart of a more innovative, competitive and stronger sovereign Europe. And that makes it a dynamic field for venture capital (VC) investment, and an unmissable sector for global investors looking for exposure to revolutionary European businesses and outstanding returns.

Europe has a long and illustrious history of pioneering Life Sciences discovery, fed by its world-class universities, research institutions, and established pharma sector. In the last decade alone, leaps forward have occurred in fields as diverse as oncology, gene therapy and vaccine development. Among those milestones, the development of an mRNA response to COVID-19 in 2021, co-led by German firm BioNTech, highlighted the knowledge and skills being leveraged at lightning speed in Europe to combat the pandemic. It also shone a fresh light on the strength and depth present in European biotech, and its place at the forefront of global Life Sciences – developing innovations that will save and change lives in Europe and around the globe.

In 2022, Invest Europe launched its first VC in Life Sciences online report to highlight venture capital investment in the Biotech & Healthcare sector in Europe, the high-value employment created at fast-growing companies, and the advances and discoveries being made at VC-backed start-ups. This is a fast-moving field, so in 2025 we updated our resources with the latest data and research to showcase new Biotech & Healthcare success stories across the continent from Amsterdam to Zurich, new job creation, and the growth in VC investment flowing into the sector.

Today, European Biotech & Healthcare is receiving new focus and support from policymakers, who view pioneering medical breakthroughs and developments as essential to European healthcare sovereignty and a stronger economy. In 2025, the European Commission launched its strategy to position the EU as the world’s most attractive place for Life Sciences by 2030. The programme, which is backed by more than €10 billion a year from the EU budget, will target accelerated innovation, improved market access for Life Sciences start-ups, and increased public trust in new technologies. The goal is to transform Europe’s strong existing knowledge base and scientific excellence into an ecosystem that maximises all the qualities and skills European Life Sciences have to offer.

In an uncertain and volatile world, often characterised by unpredictable policies towards health developments, funding and provision, Europe is emerging as a region of stability and security, as well as one with clear goals and ambitions. The result is a positive environment for VCs investing in Biotech & Healthcare innovators, as well as long-term investors seeking strong returns from the rising stars of European Life Sciences.

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European Life Sciences Coalition: Strengthening Europe’s investment ecosystem

Launched in 2026 with the support of Invest Europe, the European Life Sciences Coalition aims to reinforce Europe’s global competitiveness by mobilising capital and addressing barriers to investment and growth. It provides a platform for investors to engage with policymakers and help shape a more supportive environment for life sciences innovation.

Record year investments in European Biotech & Healthcare

€4.7bn
investment in 2024
+43%
increase in investment vs 2023, +105% vs 2019
988
companies, +5% vs 2023 and +19% vs 2019

Investment that saves lives

Venture capital investment in European Biotech & Healthcare start-ups reached a new record of €4.7 billion in 2024, more than four times the level of a decade earlier. Not only is the value of investment growing, but the number of companies receiving backing is also on the rise. Nearly 1,000 Biotech & Healthcare start-ups received VC funding in 2024, another new high and over a third more than a decade ago.

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Investments 2020-2024

€18.4bn
invested in Biotech & Healthcare venture stage companies
2,806
Biotech & Healthcare venture stage companies backed
23%
of total venture investment value

Job creation that improves livelihoods

The venture capital backed Biotech & Healthcare sector is a major employer across Europe, responsible for almost 75,000 jobs from London to Warsaw. It is also one of the most dynamic, adding 10.6% more high-skilled workers in 2023. That means that many start-ups are creating hundreds of jobs as they grow from the seed of a great idea into successful companies. Businesses like Endotronix, a digital health medtech company, which added over 100 jobs in the eight years following its Series C funding round, increasing employee numbers almost four-fold.

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Employment and Job Creation 2023

2,475
Biotech & Healthcare venture stage companies
74,703
Employees
11.8%
of total venture stage employment of 634,313
10.6%
Job creation vs 9.1% all venture stage companies vs 1% all European companies
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A pan-European success story

Innovations in European Life Sciences are not confined to one narrow location but are being created and nurtured across the continent. With their deep knowledge of local markets and unparalleled connections, European VCs are ideally placed to invest in European Biotech & Healthcare disruptors and innovators, bringing skills and understanding tailored to support businesses on their home turf. They can also access exciting potential investments before international rivals, and give investors assets and returns that are available nowhere else in the world.