Avano Capital — neuromodulation infrastructure

Building global neuromodulation infrastructure across real estate, artificial intelligence and neurotech hardware.

€2.2B
Target fund size
20
Target investments
5yr
Deployment period
Explore the ecosystem
The Thesis

A fund dedicated to the global development of neuromodulation infrastructure — scaled inside our own clinics, so that innovation keeps paying for itself.

Risk separated by asset class
Real estate, technology, and fund-of-funds positions sit in distinct vehicles, so a setback in one does not propagate into the others.
A new indication class
The first neuromodulation programme to treat peripheral nervous system disorders using central nervous system therapies.
Imaging held in-house
The first clinics to offer full-service neuromodulation alongside their own imaging, rather than borrowing scanner time.
Scale
0

Minimum viable fund, €M

0

Countries of interest

0

European flagship, €M

0

Clinical specialists per clinic hired

Investment Strategy

Five allocations, one thesis

Separating asset classes keeps risk contained while the fund integrates vertically across a market that is otherwise split between device makers, imaging centres, and outpatient clinics.

Real Estate
€2B
Direct Technology
€100M
Fund of Funds
€100M
Clinical Infrastructure
In-house
Data and Artificial Intelligence
Licensed

Real Estate

The majority of the fund is deployed into clinical real estate. Across most markets, commercial property remains inexpensive and under-occupied, and its floorplate converts to individual neuromodulation units with minimal renovation.

Bulk purchase and lease of 3-Tesla MRI and stimulation devices drives the cost per site down, which is what makes smaller markets viable rather than merely interesting.

Areas of Focus

One mechanism, many indications

Outpatient neuromodulation today treats almost exclusively neuropsychiatric disease. The clinical opportunity is considerably wider than that.

01 / 05

Neuropsychiatric

Twenty-one million adults in the United States live with major depressive disorder, seven million of them treatment-resistant. Depression is the indication neuromodulation has proven itself on, and the foundation everything else is built from.

Major depressive disorder, generalised anxiety disorder, obsessive-compulsive disorder, suicidality

FAQ

Questions we are asked most

How the fund is structured, what it backs, and how partners and clinicians work with us.

Avano Capital allocates capital to Avano Neuroscience for research and intellectual property acquisition, sized against what Avano Healthcare clinics actually need. Avano Neuroscience runs the clinical trials and holds the intellectual property. Avano Healthcare licenses those therapies and delivers them in its own clinics. Clinical demand then determines the next allocation, which closes the loop.

Avano will advance the global practice of medicine

We work with limited partners, clinical institutions, and neurotechnology founders building toward the same thing. If that is you, we would like to hear from you.