Catalpa Ventures has announced the first closing of €10 million for its Catalpa Health Fund I, the first Luxembourg-based venture capital fund dedicated to early-stage HealthTech. With a target size of €30 million by 2027, the fund is now active across extended Europe.

This initial round, backed by Luxembourg entrepreneurs and family offices, represents the first stage of the fund’s deployment. Investors are focused on supporting solutions that address major structural challenges in European healthcare, including an ageing population, a growing shortage of healthcare professionals, and rising healthcare system costs. Catalpa aims to fund technologies that strengthen prevention, improve clinical practice, and contribute to more sustainable healthcare systems.

The fund plans to invest in 15 to 20 startups over the next four years, with ticket sizes ranging from €300,000 to €1.5 million, along with follow-on capacity for the most promising companies. Its investment strategy focuses on three areas: prevention and disease management solutions, digital tools designed to free up medical time, and software that improves workflows within care structures.

Anchored in Luxembourg, Catalpa intends to leverage a rapidly growing national ecosystem, particularly around the Luxembourg Institute of Health with whom the fund has signed a cooperation agreement, as well as the country’s strengths in IT infrastructure and health data sovereignty.

With a team bringing together medical, scientific, entrepreneurial and financial expertise, Catalpa Ventures positions itself as a dedicated partner for founders working to advance innovation in European healthcare.

Photo credit: Catalpa Ventures