# Thuja Capital

Thuja Capital is an early-stage life sciences / medical products based in Utrecht, Netherlands.

## Overview

- **Organization type:** early-stage life sciences / medical products
- **Headquarters:** Utrecht, Netherlands
- **Region:** North America
- **Address:** Utrecht, Netherlands
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** thujacapital.com
- **LinkedIn:** https://www.linkedin.com/company/thuja-capital

## Regulatory record

- **Reports private funds:** No

## About

Thuja Capital is a leading early-stage venture capital firm dedicated to investing in the most innovative life science companies in Europe. By investing early and partnering with visionary CEOs, they strive to have a transformative impact on healthcare. They leverage deep sector expertise, entrepreneurial experience, and a strong network across academia, industry and clinical research institutions to help build exceptional companies.

## Sectors

- Digital Health
- Therapeutics

## People

- Harrold van Barlingen — Managing Partner & Founder
- Michel Briejer — Partner

## Questions

### Who runs investment decisions at Thuja Capital?

Investment decisions are led by Managing Partner and founder Harrold van Barlingen and Partner Dr. Michel Briejer. Van Barlingen established the firm after a career in academic technology transfer and early-stage life sciences investing. Briejer brings operational biotech experience from his previous role at Galapagos NV, complementing the scientific sourcing expertise on the partnership.

### How does Thuja Capital source its deal flow?

Thuja sources primarily through deep ties with academic medical centers across Benelux, Germany, and the DACH region, including KU Leuven, UMC Utrecht, and Charité in Berlin. Its partners maintain relationships with technology transfer offices that give them early visibility into spin-out formation. This academic-first sourcing model means it often reviews opportunities before they are broadly marketed to other venture firms.

### What is Thuja Capital's most recent fund activity?

Thuja Capital held the final close of its fourth fund, Thuja Capital Fund IV, in September 2023 at €100 million, bringing aggregate assets across its fund family to over €300 million. Fund IV continues the same seed-to-Series A life sciences mandate as its predecessor vehicles. Leading up to Fund IV, the firm had secured commitments from the European Investment Fund and a cadre of institutional Dutch investors.

### How is Thuja Capital related to BioGeneration Ventures?

BioGeneration Ventures is the predecessor entity to Thuja Capital, with Harrold van Barlingen having been a founding partner of BGV before establishing the Thuja brand in 2006. While both firms operate in the European life sciences venture space, Thuja was formalized as an independent management company with its own fund family. The two entities maintain separate partnership structures and fund strategies, though they share some historical DNA.

## Related profiles

- [Thousand Hills Venture Fund](https://altss.com/profile/thousand-hills-venture-fund)
- [Huirong Equity Capital](https://altss.com/profile/huirong-equity-capital)

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Last updated: 2026-08-11T15:08:18.003Z

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