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Thuja Capital

Europe, Utrecht, The Netherlands, Utrecht

Description

Thuja Capital is a prominent Utrecht, Netherlands-based venture capital firm specializing in early-stage medical product innovations. Established with a clear mission to address unmet medical needs, the firm primarily targets companies developing novel medicines, advanced medical devices, and transformative digital health solutions. Their strategic focus is on groundbreaking technologies that have the potential to significantly impact patient care and healthcare systems globally, reflecting a deep commitment to advancing the healthcare sector.

The firm's investment strategy is highly specialized, concentrating on the critical early phases of company development. Thuja Capital typically deploys initial cheques ranging from approximately $540,000 (€500,000) to $3.24 million (€3 million). This initial capital is designed to support companies through crucial developmental milestones, including preclinical studies, clinical trials, and regulatory approvals. Beyond the initial investment, Thuja Capital demonstrates a strong commitment to its portfolio companies, with the capacity to invest up to $10.8 million (€10 million) per company over multiple funding rounds, providing sustained support as ventures mature and scale.

Thuja Capital manages a series of dedicated healthcare funds, underscoring its deep expertise and long-term commitment to the sector. Their most recent vehicles include Thuja Capital Healthcare Fund III, launched in 2021 with a target size of €100 million, and Thuja Capital Healthcare Fund IV, launched in 2023 with an ambitious target of €125 million. These substantial funds enable Thuja Capital to maintain a robust investment pipeline and provide significant capital to promising ventures. The firm's hands-on approach involves not just financial backing but also strategic guidance, leveraging their extensive network and industry knowledge to help portfolio companies navigate the complex landscape of healthcare innovation.

Investor Profile

Thuja Capital has backed more than 58 startups, with 3 new investments in the last 12 months alone. The firm has led 34 rounds, about 59% of its total and boasts 14 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Seed rounds (top funding stages).
  • Majority of deals are located in The Netherlands, Belgium, United States.
  • Strong thematic focus on Biotechnology, Health Care, Medical.
  • Typical check size: $540K – $3.2M.

Stage Focus

  • Series Unknown (33%)
  • Series A (29%)
  • Seed (21%)
  • Series B (12%)
  • Post Ipo Equity (5%)

Country Focus

  • The Netherlands (60%)
  • Belgium (14%)
  • United States (10%)
  • Germany (9%)
  • France (2%)
  • Israel (2%)
  • Austria (2%)
  • United Kingdom (2%)

Industry Focus

  • Biotechnology
  • Health Care
  • Medical
  • Medical Device
  • Therapeutics
  • Clinical Trials
  • Pharmaceutical
  • Biopharma
  • Food And Beverage
  • Food Processing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Thuja Capital frequently co-invest with?

OostNL
Europe, Gelderland, The Netherlands, Apeldoorn
Co-Investments: 5
InnovationQuarter
Europe, Zuid-Holland, The Netherlands, The Hague
Co-Investments: 3
DSM Venturing
Europe, Limburg, The Netherlands, Heerlen
Co-Investments: 5
BOM
Europe, Noord-Brabant, The Netherlands, Tilburg
Co-Investments: 8
Limburg Ventures
Europe, Limburg, The Netherlands, Maastricht
Co-Investments: 2
BioGeneration Ventures
Europe, Noord-Holland, The Netherlands, Naarden
Co-Investments: 5
SHIFT Invest
Europe, Noord-Holland, The Netherlands, Amstelveen
Co-Investments: 3
HI
North America, California, United States, Oakland
Co-Investments: 3
Inkef
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 3
Van Herk Ventures
Europe, Zuid-Holland, The Netherlands, Rotterdam
Co-Investments: 3

Which angels does Thuja Capital often collaborate with?

David Pyott
North America, California, United States, Orange
Shared Deals: 1

What are some of recent deals done by Thuja Capital?

Salvia BioElectronics

Eindhoven, Noord-Brabant, The Netherlands

Salvia BioElectronics develops neuromodulation devices for migraine treatment and management.

BiotechnologyMedical DeviceTherapeutics
Series BMay 27, 2025
Amount Raised: $60,425,647
Alesta Therapeutics

Leiden, Zuid-Holland, The Netherlands

Alesta Therapeutics focused on translating novel targets in the chronic stress response pathways into new therapeutic.

Biotechnology
Series AJan 8, 2025
Amount Raised: $67,301,858
Alveron Pharma

Nijmegen, Gelderland, The Netherlands

Alveron produces drugs such as cyclodextrins, pro-coagualant cyclodextrins with a unique coagulation platform technology.

BiopharmaBiotechnologyEmergency MedicinePharmaceutical
SeedDec 6, 2024
Amount Raised: $5,287,810
Pan Cancer

Rotterdam, Zuid-Holland, The Netherlands

Pan Cancer exploits 20 years of pioneering research in the field of adoptive T-cell therapies.

BiotechnologyLife ScienceTherapeutics
SeedJul 11, 2024
Amount Raised: $4,608,685
Tacalyx

Berlin, Berlin, Germany

Tacalyx is a biotech company focused on the discovery and development of novel anti-TACA

BiotechnologyHealth CareLife ScienceTherapeutics
SeedJun 11, 2024
Amount Raised: $7,538,636
Artica Therapeutics

Leiden, Zuid-Holland, The Netherlands

Artica Therapeutics specializes in biotechnological research and development for medical devices, pharmaceutical processes, and food.

Biotechnology
SeedNov 3, 2023
Amount Raised: $12,883,139
Synerkine Pharma

Utrecht, Utrecht, The Netherlands

Synerkine Pharma is a developer of fusion proteins for the treatment of chronic pain.

BiotechnologyHealth Care
Series AOct 12, 2023
Amount Raised: $5,584,067
Gradient Denervation Technologies

Paris, Ile-de-France, France

Gradient Denervation Technologies develops a medical device for a transvascular treatment of pulmonary hypertension.

BiotechnologyMedical Device
Series ASep 7, 2023
Amount Raised: $14,977,539
FundaMental Pharma

Heidelberg, Baden-Wurttemberg, Germany

FundaMental Pharma is a neuroscience company with a portfolio at the preclinical stage.

Health Care
SeedNov 17, 2022
Amount Raised: $10,361,159
AstriVax

Heverlee, Vlaams-Brabant, Belgium

AstriVax aims for initial clinical validation of the platform technology, to develop a broad vaccination pipeline.

Clinical TrialsMedical
SeedAug 25, 2022
Amount Raised: $29,912,416