# Quest for Growth: portfolio, investments and team

> Quest for Growth is a vc firm based in Belgium. 24 investments on record, latest Jul 2024. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/quest-for-growth (Millionrounds; every figure on the page links to its filing or article)

Belgium · [Investor](https://millionrounds.com/investors)

# Quest for Growth

Last cheque observed Jul 2024. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Seed Series A Series B Collaborative Consumption Mobile Payments Financial Services

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 24 on record

Since the last cheque **822** days **00** hrs **00** min **00** sec

Median round **$8.3M** Rounds led **0 of 24** Exits **6 from the portfolio** Mostly in **Belgium, 38%**

Pitch Quest for Growth

## Quest for Growth highlights

- 01 24 rounds on record
- 02 Mostly Venture and Series B: 71% of its rounds
- 03 6 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Collaborative Consumption Mobile Payments Financial Services
- **Based in:** Leuven, Belgium
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **24 appearances**

- **2024** 2 rounds
- **Jul** **[Confo Therapeutics](https://millionrounds.com/company/confo-therapeutics)** Series B · BE · Capricorn Partners **$65M** With 12 others
- **May** **[Qpinch](https://millionrounds.com/company/qpinch)** Growth · BE · Capricorn Partners **$6.5M** With 5 others
- **2021** 1 round
- **Apr** **[REIN4CED NV](https://millionrounds.com/company/rein4ced-nv)** Series B · BE · Capricorn Partners **$8.3M** With 5 others
- **2020** 1 round
- **Oct** **[Sensolus](https://millionrounds.com/company/sensolus)** Growth · BE · Capricorn Partners **$4.1M** With 3 others
- **2018** 1 round
- **Jan** **[HalioDx](https://millionrounds.com/company/haliodx)** Series B · FR · FinSMEs **$23M** With 5 others
- **2012** 2 rounds
- **Nov** **[Kiadis Pharma](https://millionrounds.com/company/kiadis-pharma)** Venture · NL · kiadis.com **$13M** With 4 others
- **May** **[Prosonix](https://millionrounds.com/company/prosonix)** Series B · GB · finsmes.com **$27M** With 5 others
- **2011** 2 rounds
- **Oct** **[Cartagenia](https://millionrounds.com/company/cartagenia)** Venture · BE · finsmes.com **$2.9M** With 1 other
- **Jul** **[Prosonix](https://millionrounds.com/company/prosonix)** Series B · GB · growthbusiness.co.uk **$18M** With 4 others
- **2010** 1 round
- **Jun** **[Anteryon](https://millionrounds.com/company/anteryon)** Venture · NL · anteryon.com **$1.2M** With 2 others
- **2008** 3 rounds
- **Sept** **[Active Circle](https://millionrounds.com/company/active-circle)** Series B · FR · active-circle.com **$11M** With 2 others
- **Apr** **[CoreOptics](https://millionrounds.com/company/coreoptics)** Venture · DE · lightreading.com **$25M** With 7 others
- **Mar** **[iNEWiT](https://millionrounds.com/company/inewit)** Venture · BE **$3.1M** With 3 others
- **2007** 6 rounds
- **Dec** **[Certess](https://millionrounds.com/company/certess)** Venture · US **$2.0M** With 2 others
- **Dec** **[NGI](https://millionrounds.com/company/ngi)** Series A · FR · accessmylibrary.com **$12M** With 3 others
- **Oct** **[Syntaxin](https://millionrounds.com/company/syntaxin)** Series B · GB · syntaxin.com **$32M** With 4 others
- **Jun** **[Kiadis Pharma](https://millionrounds.com/company/kiadis-pharma)** Venture · NL **$20M** With 4 others
- **May** **[MAPPER Lithography](https://millionrounds.com/company/mapper-lithography)** Series B · NL **$510K** With 1 other
- **Jan** **[Movetis](https://millionrounds.com/company/movetis)** Series A · BE · bip.lu **$64M** With 5 others
- **2006** 3 rounds
- **Jul** **[CoreOptics](https://millionrounds.com/company/coreoptics)** Venture · DE · lightreading.com **$28M** With 5 others
- **Jun** **[Clear2Pay](https://millionrounds.com/company/clear2pay)** Series D · BE · clear2pay.com **$20M** With 7 others
- **Mar** **[Gemidis](https://millionrounds.com/company/gemidis)** Series C · BE **$8.1M** With 4 others
- **2005** 1 round
- **May** **[Welcome Real Time](https://millionrounds.com/company/welcome-real-time)** Venture · FR **$620K** With 1 other
- **2004** 1 round
- **Jan** **[Cyclacel Pharmaceuticals](https://millionrounds.com/company/cyclacel-pharmaceuticals)** Series D · US · evaluategroup.com **$39M** With 15 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

We hold **1** person 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.

Funds they back

## 3 fund commitments on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Capricorn Partners 3 funds](https://millionrounds.com/fund/capricorn-partners)

Most recent commitments

- [Capricorn Partners Capricorn Health-tech Fund II](https://millionrounds.com/fund/capricorn-partners)
- [Capricorn Partners Capricorn Healthtech Fund II](https://millionrounds.com/fund/capricorn-partners)
- [Capricorn Venture Partners Capricorn Digital Growth Fund](https://millionrounds.com/fund/capricorn-partners)

## Exits from the portfolio

Companies it backed that were later bought or listed **6 in all**

**[Prosonix](https://millionrounds.com/company/prosonix)** Bought by Circassia **Undisclosed** May 2015

**[Clear2Pay](https://millionrounds.com/company/clear2pay)** Bought by C&E Holdings **Undisclosed** Oct 2014

**[Syntaxin](https://millionrounds.com/company/syntaxin)** Bought by [Ipsen](https://millionrounds.com/fund/ipsen) **$206M** Jul 2013

**[Movetis](https://millionrounds.com/company/movetis)** Bought by [Shire](https://millionrounds.com/fund/shire) **$565M** Aug 2010

**[CoreOptics](https://millionrounds.com/company/coreoptics)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$99M** May 2010

**[Certess](https://millionrounds.com/company/certess)** Bought by SpringSoft **Undisclosed** Mar 2009

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$8.3M** the round, not its cheque

Led 0 of 24 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jul 2024
- **Exits:** 6 from the portfolio

Rounds by stage said on their site

- Venture *9*
- Series B said *8*
- Growth said *2*
- Series A said *2*
- Series D *2*
- Series C *1*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Quest Management NV](https://millionrounds.com/fund/quest-management-nv) 8
- [Gimv](https://millionrounds.com/fund/gimv) 6
- [EQT life science](https://millionrounds.com/fund/lsp-bioventures) 4
- [Alta Partners](https://millionrounds.com/fund/alta-partners) 2
- [Atila Venture](https://millionrounds.com/fund/atila-venture) 2
- [Big Bang Ventures](https://millionrounds.com/fund/big-bang-ventures) 2

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## Who they invest alongside

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

[**Quest Management NV** Investment firm **8** rounds together](https://millionrounds.com/fund/quest-management-nv)[**Gimv** Private equity **6** rounds together](https://millionrounds.com/fund/gimv)[**EQT life science** Private equity **4** rounds together](https://millionrounds.com/fund/lsp-bioventures)[**Alta Partners** VC firm **2** rounds together](https://millionrounds.com/fund/alta-partners)[**Atila Venture** VC firm **2** rounds together](https://millionrounds.com/fund/atila-venture)[**Big Bang Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/big-bang-ventures)[**Capricorn Partners** VC firm **2** rounds together](https://millionrounds.com/fund/capricorn-partners)[**Crescendo Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/crescendo-ventures)[**Entrepreneurs Fund** VC firm **2** rounds together](https://millionrounds.com/fund/entrepreneurs-fund)[**Gilde Healthcare** Private equity **2** rounds together](https://millionrounds.com/fund/gilde-healthcare)[**High Tech Private Equity** Private equity **2** rounds together](https://millionrounds.com/fund/high-tech-private-equity)[**Solon Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/solon-ventures)

## Recently backed

The latest companies Quest for Growth put money into.

[**Confo Therapeutics** $65M · Jul 2024](https://millionrounds.com/company/confo-therapeutics)[**Qpinch** $6.5M · May 2024](https://millionrounds.com/company/qpinch)[**Sensolus** $4.1M · Oct 2020](https://millionrounds.com/company/sensolus)[**HalioDx** $23M · Jan 2018](https://millionrounds.com/company/haliodx)

## Quick answers about Quest for Growth

### What does Quest for Growth invest in?

Quest for Growth invests most often at Venture and Series B (71% of the rounds on record), in sectors such as Collaborative Consumption, Mobile Payments and Financial Services.

### How active is Quest for Growth?

24 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2024.

### What has Quest for Growth invested in recently?

Its most recent investments on record: Confo Therapeutics (Series B, Jul 2024), Qpinch (Growth, May 2024) and REIN4CED NV (Series B, Apr 2021).

### How big are Quest for Growth's cheques?

The median round it joins is $8.3M.

### Does Quest for Growth lead rounds?

Rarely, if at all: none of its 24 investments on record names it as the lead.

### Where does Quest for Growth invest?

Most of the companies it backs are in Belgium (38%), France (17%) and the Netherlands (17%).

### Is Quest for Growth investing now?

No investments in the last 12 months; the latest was in Jul 2024.

### Who does Quest for Growth invest alongside?

Most often Quest Management NV (8 rounds together), Gimv (6 rounds together) and EQT life science (4 rounds together).

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