United States · Investor

HealthQuest Capital

Last cheque observed Sep 2026; 21 cheques on record.

Deploying nowNew fund $300M, Apr 2023Growth equity

GrowthHealthcareMedical_devicesHealthcare_services

Deploying now
100%of best year1cheques in 12 months, 21 on record
Since the last cheque60days00hrs00min00sec
Median round$23MRounds led1 of 21Sole investor4 roundsMostly inUnited States, 100%
Pitch HealthQuest Capital

HealthQuest Capital highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Series C and Series B: 67% of its rounds

  3. 03

    Sole investor in 4 rounds, median $15M

What they do

We invest in commercial stage innovations across the healthcare spectrum: medical devices and technologies, healthcare services and diagnosticsFrom their own website
Type
Growth equity
Cheque size
Not stated
Stages
Growth
Sectors
HealthcareMedical_devicesHealthcare_services
Based in
Redwood City, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first21 appearances

  1. 2026

    1 round

  2. Sept
    Thyme CareSeries E · US · Echo Health Ventures$125MWith 12 others
  3. 2024

    1 round

  4. Aug
    HistoSonicsSeries D · US · Hatteras Venture Partners$102MWith 7 others
  5. 2019

    4 rounds

  6. Sept
    Ajax HealthUS · FinSMEs$100MLed
  7. Apr
    Bardy DiagnosticsSeries B · US · FinSMEs$36MWith 8 others
  8. Apr
    Ajax HealthUS · FinSMEs$85MSole investor
  9. Jan
    Trice MedicalSeries C · US · Massdevice$18MWith 3 others
  10. 2018

    3 rounds

  11. Jul
    Ajax HealthSeries B · US · Bioportfolio$120MWith 5 others
  12. May
    AvedroUS · FinSMEs$25MWith 2 others
  13. Jan
    SpringbukSeries B · US · FinSMEs$20MWith 2 others
  14. 2017

    3 rounds

  15. Oct
    VestagenUS · FinSMEs$9.5MWith 4 others
  16. Jun
    Trice MedicalSeries C · US · FinSMEs$19MWith 3 others
  17. Apr
    VestagenUS · FinSMEs$10MWith 2 others
  18. 2016

    2 rounds

  19. Oct
    AviziaSeries A · US · FinSMEs$17MSole investor
  20. Jul
  21. 2015

    5 rounds

  22. Nov
    First Aid Shot TherapySeries C · US$24MWith 4 others
  23. Oct
    inMediataVenture · US$4.0MSole investor
  24. Sept
    Vestagen Technical TextilesUS$3.3MWith 1 other
  25. Jul
    Castle BiosciencesSeries F · US$12MWith 1 other
  26. Jan
    LineagenSeries C · US$12MWith 9 others
  27. 2014

    2 rounds

  28. Aug
    Castle BiosciencesVenture · US$12MWith 2 others
  29. Jul
    Trice MedicalSeries B · US$12MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration7 named

AMAjay MadanChief Compliance Officer & General Counsel of the General PartneriForm ADV
DKDavid KabakoffMember of the General PartneriFiling they signed
GAGarheng Albert KongManaging Partner of the General PartneriForm ADV
MHManfred Hsiao-Wei YuChief Financial Officer of the General PartneriForm ADV
RSRandy ScottMember of the General PartneriFiling they signed
RLRichard LinMember of the General PartneriFiling they signed
TCTom CallawayMember of the General PartneriFiling they signed

We also hold 12 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$1.8Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
Healthquest Capital Management, L.P.
SEC number
CRD 296583

Funds on its Form ADV

9 private funds, $1.8B in gross assets · filed Mar 2024

  1. HealthQuest Partners IV, L.P.Venture110 investors$715M
  2. HealthQuest Partners III, L.P.Venture90 investors$437M
  3. HealthQuest Tactical Opportunities Fund, L.P.Venture2 investors$310M
  4. HealthQuest Partners II, L.P.Venture54 investors$173M
  5. HealthQuest Madison SPV, L.P.Venture35 investors$53M
  6. HealthQuest AJAX III SPV, L.P.Venture32 investors$41M
  7. HealthQuest AJAX III-A SPV, L.P.Venture27 investors$35M
  8. HealthQuest AJAX II SPV, L.P.Venture19 investors$31M
  9. Sofinnova HealthQuest Partners, L.P.Venture35 investors$21M

Who they invest alongside

The investors most often in the same rounds as HealthQuest Capital. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies HealthQuest Capital put money into.

Mentioned on podcasts

Episodes that name HealthQuest Capital in their description, not their title.

Quick answers about HealthQuest Capital

What does HealthQuest Capital invest in?

HealthQuest Capital invests most often at Series C and Series B (67% of the rounds on record), in sectors such as Healthcare, Medical_devices and Healthcare_services.

How active is HealthQuest Capital?

21 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

What has HealthQuest Capital invested in recently?

Its most recent investments on record: Thyme Care (Series E, Sept 2026), HistoSonics (Series D, Aug 2024) and Ajax Health (Undisclosed round, Sept 2019).

How big are HealthQuest Capital's cheques?

The median round it joins is $23M.

Does HealthQuest Capital lead rounds?

Sometimes: it led 1 of its 21 investments on record (5%).

Where does HealthQuest Capital invest?

Most of the companies it backs are in the United States (100%).

Is HealthQuest Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does HealthQuest Capital invest alongside?

Most often Advent Life Sciences Llp (3 rounds together), Lumira Ventures (3 rounds together) and Mountain Group Partners (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it