Fundraising Fox

SHS Capital

Private equity

Tübingen · Growth–Late Stage · 42 people tracked

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Investment thesis

SHS Capital invests in healthcare companies in growth situations, including SMEs and scale-ups, targeting transactions with enterprise values up to 150m EUR and equity tickets typically between 10-50m EUR. It focuses on the DACH region, the Nordics, and the Benelux, while selectively considering other European countries. For scale-ups, seven-digit revenues and double-digit growth rates are required. Beyond capital, the firm offers access to its network and expertise in market access, reimbursement, marketing/sales, M&A, and exits, drawing on over 30 years of healthcare investing experience. It is flexible on majority and minority positions.

Invests inBiotechDigital HealthHealthtechMedical DevicesAustriaEuropeGermanySwitzerland

Source: firm website, verified Aug 3, 2026.

Stage
Growth–Late Stage
Check
$10M – $50M
HQ
Tübingen, DE
Leads rounds
Leads
Instruments
Equity
Founded
1993
AUM
$540M

Team · 42 people

from the firm's website & public directories
Dr. Michael Lichtenberg· Healthcare Expert
Georg Helg· Senior Advisor Origination
Marcel Weißenrieder· Executive Assistant to the CFO
PD Dr. med. Sebastian Decker· Healthcare Expert
Prof. Dr. Alexander Grimm· Healthcare Expert
Prof. Dr. Alireza Gharabaghi· Healthcare Expert
Prof. Dr. Arnulf Stenzl· Healthcare Expert
Prof. Dr. Christian Hamm· Healthcare Expert
Prof. Dr. Dr. h.c. Hans Henkes· Healthcare Expert
Prof. Dr. Elmar Kotter· Healthcare Expert
Prof. Dr. Martin Spitzer· Healthcare Expert
Prof. Dr. med Martin Röcken· Healthcare Expert
Prof. Dr. med. Adrien Daigeler· Healthcare Expert
Prof. Dr. med. Georg Trummer· Healthcare Expert
Prof. Dr. med. Nisar P. Malek· Healthcare Expert
Sarah Wolf· PR and Marketingin

Frequently asked questions

What stage does SHS Capital invest at?
SHS Capital invests at the Growth, Late Stage stages.
What is SHS Capital's typical check size?
SHS Capital typically writes checks of $10M – $50M.
What sectors does SHS Capital focus on?
SHS Capital focuses on Biotech, Digital Health, Healthtech, Medical Devices.
Where is SHS Capital located?
SHS Capital is headquartered in Tübingen, DE.
Does SHS Capital lead rounds?
Yes, SHS Capital leads investment rounds.

Media · Podcasts & interviews

featuring the team

#135 Dr. Cornelius Maas | SHS Capital: Healthcare PE meets Sports

DEALCIRCLE · Cornelius Maas

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