QF

Quest for Growth

Europe, Vlaams-Brabant, Belgium, Leuven

Description

Quest for Growth is a prominent publicly listed investment company (BEVEK/SICAF) based in Leuven, Belgium, trading on Euronext Brussels under the ticker QFG. The firm is dedicated to investing in innovative growth companies, primarily focusing on opportunities within Belgium and its neighboring countries. Quest for Growth employs a flexible investment strategy, providing both equity and quasi-equity financing across various stages, from early-stage venture capital to later-stage growth capital, pre-IPO, and even listed companies.

The firm's investment mandate targets sectors characterized by high growth potential and innovation, including life sciences, cleantech, digital technologies, and deep tech. Quest for Growth is known for its active role in supporting the development of promising European companies. While their typical investment range for an initial cheque can vary significantly based on the stage and specific opportunity, they generally participate in rounds with contributions ranging from approximately $535,000 (€0.5 million) to $5,350,000 (€5 million), demonstrating their capacity to support companies from early development through significant growth phases.

As of December 31, 2022, Quest for Growth managed a substantial portfolio with a total fair value of approximately EUR 75.7 million. This diversified portfolio included investments in 27 unlisted companies, reflecting their commitment to private market growth, alongside 17 listed companies, which provides liquidity and exposure to public market performance. This dual approach allows Quest for Growth to balance risk and return across different investment horizons, making them a significant player in the European venture and growth capital landscape.

Investor Profile

Quest for Growth has backed more than 31 startups, with 1 new investments in the last 12 months alone. The firm has led 1 rounds, about 3% of its total and boasts 14 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series B, Series D rounds (top funding stages).
  • Majority of deals are located in Belgium, The Netherlands, United Kingdom.
  • Strong thematic focus on Biotechnology, Health Care, Pharmaceutical.
  • Typical check size: $535K – $5.3M.

Stage Focus

  • Series Unknown (35%)
  • Series B (26%)
  • Series D (13%)
  • Series C (10%)
  • Series A (6%)
  • Seed (6%)
  • Series E (3%)

Country Focus

  • Belgium (35%)
  • The Netherlands (16%)
  • United Kingdom (13%)
  • France (13%)
  • Germany (10%)
  • United States (6%)
  • Switzerland (3%)
  • Singapore (3%)

Industry Focus

  • Biotechnology
  • Health Care
  • Pharmaceutical
  • Software
  • Medical
  • Manufacturing
  • Hardware
  • Biopharma
  • Information Technology
  • Medical Device
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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 Quest for Growth frequently co-invest with?

Gimv
Europe, Antwerpen, Belgium, Antwerpen
Co-Investments: 6
Entrepreneurs Fund
Europe, England, United Kingdom, London
Co-Investments: 3
Merifin Capital
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 2
HT
Europe, Sachsen, Germany, Deutsch
Co-Investments: 2
Atila Venture
North America, Hamilton, Bermuda, Hamilton
Co-Investments: 2
Alta Partners
North America, Mississippi, United States, Jackson
Co-Investments: 2
Capricorn Partners
Europe, Vlaams-Brabant, Belgium, Leuven
Co-Investments: 15
EQT Life Sciences
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 5
Crescendo Ventures
North America, California, United States, Palo Alto
Co-Investments: 2
SFPI-FPIM
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 3

Which angels does Quest for Growth often collaborate with?

AV
Europe, Antwerpen, Belgium, Antwerp
Shared Deals: 1
PF
Europe, Monaco
Shared Deals: 1

What are some of recent deals done by Quest for Growth?

Confo Therapeutics

Brussels, Brussels Hoofdstedelijk Gewest, Belgium

Confo Therapeutics is a drug discovery company building internal drug discovery programs on GPCRs addressing unmet medical need.

BiotechnologyHealth CareMedicalTherapeutics
Series BJul 26, 2024
Amount Raised: $65,148,419
Finquest

Singapore, Central Region, Singapore

Finquest leverages private company data and AI to identify investment and M&A opportunities for PE and Corporates.

Artificial Intelligence (AI)Big DataFinancial ServicesFinTechMachine Learning
SeedJul 4, 2022
Amount Raised: $5,500,000
Qpinch

Antwerp, Antwerpen, Belgium

Qpinch makes steam from industrial waste heat

Clean EnergyEnergyEnergy EfficiencyRenewable Energy
Series BSep 9, 2021
Amount Raised: $16,552,474
EclecticIQ

Amsterdam, Noord-Holland, The Netherlands

EclecticIQ offers threat intelligence, hunting, response technology, and services.

Artificial Intelligence (AI)Cyber SecurityFraud DetectionRisk ManagementSecuritySoftware
Series CNov 30, 2020
Amount Raised: $23,874,896
Sensolus

Gent, Oost-Vlaanderen, Belgium

Sensolus provides care-free tracking of your valuable non-powered assets directly from the cloud.

Information ServicesInformation TechnologyInternet of ThingsWireless
Series UnknownOct 6, 2020
Amount Raised: $4,108,029
Miracor Medical

Awans, Liege, Belgium

Miracor Medical is a medical device company developing disruptive solutions to treat severe heart diseases.

Health CareHealth DiagnosticsManufacturingMedicalMedical DevicePersonal Health
Series ESep 2, 2020
Amount Raised: $28,430,158
Miracor Medical

Awans, Liege, Belgium

Miracor Medical is a medical device company developing disruptive solutions to treat severe heart diseases.

Health CareHealth DiagnosticsManufacturingMedicalMedical DevicePersonal Health
Series DSep 4, 2018
Amount Raised: $5,793,629
HalioDx

Marseille, Provence-Alpes-Cote d'Azur, France

HalioDx designs and develops diagnostic tests in oncology utilizing the immune contexture of cancers.

Health DiagnosticsMedicalOncologyPharmaceutical
Series BJan 17, 2018
Amount Raised: $22,533,825
Sensolus

Gent, Oost-Vlaanderen, Belgium

Sensolus provides care-free tracking of your valuable non-powered assets directly from the cloud.

Information ServicesInformation TechnologyInternet of ThingsWireless
SeedOct 12, 2017
Amount Raised: $3,253,591
Sequana Medical

Zürich, Zurich, Switzerland

Sequana Medical is a Swiss medical device company providing implantable pump systems to manage fluid balance within the body.

BiotechnologyHealth CareManufacturingMedical Device
Series COct 23, 2015
Amount Raised: $9,268,661