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Kreos Capital

Europe, England, United Kingdom, London

Description

Kreos Capital is a prominent growth debt provider based in London, specializing in flexible financing solutions for high-growth companies across Europe and Israel. As an alternative or complement to traditional equity funding, Kreos offers non-dilutive capital, allowing founders to retain greater ownership while scaling their businesses. Their approach targets companies that have demonstrated strong traction and are often backed by leading venture capital firms.

The firm's investment strategy focuses on a diverse range of sectors, including technology, life sciences, and healthcare. They provide capital for various stages of growth, from expansion and working capital needs to M&A activities. Kreos Capital's deep expertise in debt financing for rapidly expanding companies positions them as a strategic partner, offering tailored solutions that align with the specific financial requirements and growth trajectories of their portfolio companies.

Kreos Capital has a substantial financial capacity, underscored by their successful fundraising efforts. For instance, their latest fund, Kreos Capital VII, closed at €650 million in 2023, which translates to approximately $702 million, demonstrating their continued commitment to the European and Israeli markets. This significant capital pool enables them to support a wide array of companies.

Since its inception, Kreos Capital has established a robust track record, having deployed over €4.7 billion across more than 700 transactions in over 17 countries. They typically provide flexible debt facilities ranging from €2 million to €100 million. In U.S. dollar terms, this means their typical first check sizes range from approximately $2.16 million to $108 million, catering to the diverse funding needs of high-growth ventures.

Investor Profile

Kreos Capital has backed more than 141 startups, with 2 new investments in the last 12 months alone. The firm has led 58 rounds, about 41% of its total and boasts 60 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Post Ipo Debt, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Germany, United States, United Kingdom.
  • Strong thematic focus on Biotechnology, Health Care, Software.
  • Led 2 rounds in the past year.
  • Typical check size: $2.2M – $108M.

Stage Focus

  • Debt Financing (28%)
  • Post Ipo Debt (17%)
  • Series Unknown (13%)
  • Series B (12%)
  • Series C (11%)
  • Series A (8%)
  • Series D (6%)
  • Series E (4%)
  • Post Ipo Equity (1%)
  • Seed (1%)

Country Focus

  • Germany (18%)
  • United States (17%)
  • United Kingdom (15%)
  • France (12%)
  • Israel (9%)
  • Sweden (6%)
  • The Netherlands (6%)
  • Switzerland (6%)
  • Ireland (4%)
  • Spain (2%)

Industry Focus

  • Biotechnology
  • Health Care
  • Software
  • Medical Device
  • E-commerce
  • Enterprise Software
  • Fintech
  • Financial Services
  • Saas
  • Medical
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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 Kreos Capital frequently co-invest with?

Speedinvest
Europe, Wien, Austria, Vienna
Co-Investments: 4
Target Global
Europe, Berlin, Germany, Berlin
Co-Investments: 4
Kite Ventures
North America, Ohio, United States, Oregon
Co-Investments: 4
Silicon Valley Bank
North America, California, United States, Santa Clara
Co-Investments: 4
Headline
North America, California, United States, San Francisco
Co-Investments: 3
Fountain Healthcare Partners
North America, New York, United States, New York
Co-Investments: 3
Forestay Capital
Europe, Geneve, Switzerland, Genève
Co-Investments: 4
Swisscom Ventures
Europe, Zurich, Switzerland, Zürich
Co-Investments: 4
Balderton Capital
Europe, England, United Kingdom, London
Co-Investments: 4
HV Capital
Europe, Bayern, Germany, Munich
Co-Investments: 5

Which angels does Kreos Capital often collaborate with?

MP
North America, Colorado, United States, Aspen
Shared Deals: 1
GN
Europe, Ile-de-France, France, Paris
Shared Deals: 1
Shared Deals: 1
DD
Europe, Ukraine
Shared Deals: 1
MS
Europe, Wien, Austria, Vienna
Shared Deals: 1
OT
North America, New York, United States, New York
Shared Deals: 1
JO
North America, Florida, United States, Miami
Shared Deals: 1
CH
Europe, Bayern, Germany, Munich
Shared Deals: 1
RB
Europe, Noord-Holland, The Netherlands, Amsterdam
Shared Deals: 1
Maximilian Bittner
Asia, Central Region, Singapore, Singapore
Shared Deals: 1

What are some of recent deals done by Kreos Capital?

McMakler

Berlin, Berlin, Germany

McMakler is the leading hybrid real estate transaction platform in Germany.

Real EstateReal Estate Investment
Series UnknownJun 23, 2025
Botanix Pharmaceuticals

Perth, Western Australia, Australia

Botanix Pharmaceuticals is a pharmaceutical company that focuses on the treatment of skin diseases.

Health CareMedicalPharmaceutical
Post Ipo DebtJun 10, 2025
Amount Raised: $20,178,823
BiolineRx

Jerusalem, Yerushalayim, Israel

BioLineRx is a late clinical-stage biopharmaceutical development company that focuses on oncology.

BiotechnologyMedical DeviceOncologyTherapeutics
Post Ipo DebtApr 10, 2024
Amount Raised: $20,000,000
Abivax

Paris, Ile-de-France, France

Abivax develops medicines that alter the body's natural immune system mechanisms.

BiotechnologyHealth CareTherapeutics
Post Ipo DebtAug 21, 2023
Amount Raised: $163,465,824
Crescendo Biologics

Cambridge, Cambridgeshire, United Kingdom

Crescendo Biologics is engaged in the development of a proprietary drug portfolio based on their VH antibody fragment platform.

BiotechnologyHealth CareTherapeutics
Series UnknownJul 24, 2023
Amount Raised: $32,000,000
Sdui

Koblenz, Rheinland-Pfalz, Germany

Sdui provides solutions for mobile communication and organization in education.

AppsEducationInformation and Communications Technology (ICT)Mobile AppsSoftwareWeb Apps
Series AFeb 1, 2023
Amount Raised: $19,822,959
FINBOURNE Technology

London, England, United Kingdom

FINBOURNE Technology is a fintech company that provides investment management technology solutions.

Cloud InfrastructureFinanceFinancial ServicesFinTechSaaS
Debt FinancingJan 30, 2023
Amount Raised: $37,049,387
Ukio

Barcelona, Catalonia, Spain

Ukio is a proptech company that operates a network of high quality design forward apartments available for monthly stays across Europe.

HospitalityPropTechReal EstateRental
Series ANov 22, 2022
Amount Raised: $17,528,665
Beekeeper

Zürich, Zurich, Switzerland

Beekeeper is a workplace app that connects the non-desk workforce to operational systems and communication channels.

Enterprise SoftwareMobileSaaSSoftwareUnified Communications
Series CNov 9, 2022
Amount Raised: $50,000,000
Ibex Medical Analytics

Tel Aviv-yafo, Tel Aviv, Israel

IBEX is a Medical technology manufacturer that develops AI-powered diagnostic solutions to help pathologists.

AnalyticsArtificial Intelligence (AI)Health DiagnosticsMachine Learning
Debt FinancingNov 9, 2022
Amount Raised: $10,000,000