Questa Capital Management, a healthcare-focused enterprise agency, introduced it closed a $397 million enterprise progress fairness fund dubbed Questa Capital III, bringing its whole elevate to over $1 billion.
Commitments got here from blue-chip buyers, together with endowments, foundations, household workplaces, pension plans, fund-of-funds and consultants.
WHAT IT DOES
The corporate’s present portfolio contains:
- in-home care supplier DispatchHealth.
- hybrid care supplier Cortica, which develops care applications for people with autism.
- good stethoscope firm Eko.
- digital opioid use dysfunction remedy startup Bicycle Health.
The agency will use the capital to spend money on 10 to 14 early-stage corporations within the healthcare companies, medical machine and expertise sectors. It is going to proceed to mix components of progress fairness with enterprise capital, and stated it can fund corporations working in lots of the identical focus areas as its prior investments.
“We’re extraordinarily happy to shut on Fund III regardless of a difficult fundraising surroundings. We’re each grateful for the sturdy curiosity and ongoing assist from our current buyers and happy to be beginning long-term relationships with a small group of remarkable new restricted companions,” Questa founder and managing accomplice Ryan Drant stated in a press release.
“We’re additionally energized by the chance set we see out there and sit up for persevering with to construct differentiated and high-growth healthcare corporations in shut collaboration with sturdy administration groups.”
MARKET SNAPSHOT
Different enterprise corporations have garnered a considerable amount of commitments these days.
Define Ventures, whose portfolio consists of well-known early-stage startups in Silicon Valley, obtained $460 million in Fund III and Opportunities Funds in April.
In July, early-stage enterprise capital agency Distributed Ventures, born out of NFP Ventures, closed $100 million in whole commitments. The Chicago-based firm deliberate to make use of the funds to spend money on fintech, insurtech and digital well being.
