Questa Capital Management

Questa Capital Management is a prominent venture growth equity firm dedicated exclusively to the healthcare sector, headquartered in San Francisco. The firm distinguishes itself by focusing on breakout growth companies across healthcare services, healthcare IT, and medical devices/diagnostics. Questa's investment philosophy centers on partnering with companies that have achieved significant commercial traction and are poised for accelerated expansion, providing both capital and strategic operational support to scale their businesses. They typically target businesses with proven models and substantial market opportunities, bridging the gap between traditional venture capital and large-scale private equity.

The firm has demonstrated consistent growth in its fund sizes, reflecting strong investor confidence and an expanding capacity for larger investments. Their most recent fund, Questa Capital Partners III, successfully closed at $500 million in 2022, significantly increasing their deployable capital. This follows previous funds, including a $327 million Fund II in 2019 and a $185 million Fund I in 2016. This upward trajectory in fund size enables Questa to make more substantial commitments to its portfolio companies, supporting their long-term growth objectives.

Questa Capital's investment approach involves taking meaningful minority stakes, often leading investment rounds. Their initial cheque sizes typically range from $20 million to $75 million, though they have the capacity to participate in larger rounds through co-investments and follow-on funding. Beyond capital, Questa actively engages with its portfolio companies, leveraging its deep industry expertise and extensive network to assist with strategic planning, operational improvements, and market expansion. The firm's commitment to value creation extends beyond financial input, aiming to foster sustainable growth and innovation within the healthcare landscape.