Starquest
Starquest is a Paris-based venture capital firm specializing in climate impact and disaster resilience, investing in technology companies that reduce greenhouse gas emissions protect natural resources and adapt to climate change. The firm was incorporated as an SAS in March 2012 by Arnaud Delattre and Emmanuel Gaude (AMF approval GP-14000040 granted 2014 SIREN 750953549 HQ 36 rue Tronchet 75009 Paris) and is part of the Montefiore family of investment firms. Starquest manages three thematic strategies: the Starquest Protect Fund (2022 vintage EUR 130M Article 9 SFDR) targeting Series A-C climate-tech across energy mobility agriculture industry and advanced materials with EUR 3-20M tickets; the CCR-Fund (launched late 2024 in partnership with Caisse Centrale de Reassurance) financing climate-adaptation and disaster-prevention companies from seed to LBO with EUR 0.5-5M tickets; and a Biodiversity Fund (EUR 3-15M tickets) backing ecosystem-restoration and nature-based solutions. Standalone AUM reached EUR 400M in 2024 with a stated 2028 target of EUR 1B. Portfolio milestones include the 2021 Euronext Paris IPO and 2025 EUR 534M EQT takeover of Waga Energy and the 2023 trade sale of ITK to Innoval.
Key facts
Recent exits
Coverage notes
3 funds tracked, 26 portfolio companies (20 active · 6 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Starquest has raised, with its portfolio companies. Hand-checked from public filings.
Starquest CCR-FundVC2024 · 2yr€50M2 active
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Hydroclimat | Software | France | 2026 |
| Uniject | Industrials | France | 2026 |
Starquest Protect FundVC2022 · 4yr€130M14 active · 2 realized
Unrealized
14 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Aldoria | TMT | France | 2024 |
| Atawey | Industrials | France | 2017 |
| Auum | Industrials | France | 2022 |
| Beeldi | Software | France | 2022 |
| Caeli Energie | Energy | France | 2023 |
| Cailabs | TMT | France | 2017 |
| Ecoat | Industrials | France | 2025 |
| Heliup | Energy | France | 2023 |
| Hellowatt | Energy | France | 2023 |
| Heraklio | Industrials | France | 2024 |
| Leakmited | Software | France | 2025 |
| Les Nouvelles Fermes | Industrials | France | 2025 |
| Tryon | Industrials | France | 2019 |
| Ubees | Industrials | France | 2025 |
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Qosguard | Software | France | – | 2025 | Trade Sale | – | |
| Waga Energy | Energy | France | 2017 | 2025 | Trade Sale | – |
Starquest LegacyVC2010 · 16yr€100M4 active · 4 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| DNA Gensee | Industrials | France | 2014 |
| Kyotherm | Energy | France | 2010 |
| Olikrom | Industrials | France | 2014 |
| SOS Accessoires | Industrials | France | 2015 |
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About Starquest
Starquest is a French venture capital firm headquartered in Paris with €1 billion of assets under management as of December 2024. Founded in 2012, the firm deploys institutional capital across early-stage and selective growth-stage equity rounds in European technology companies, with sector focus spanning energy, industrials, software, consumer, healthcare and business services.
Investment thesis
Starquest targets European and selectively global early-stage and growth-stage technology companies across energy, industrials, software, consumer, healthcare and business services, deploying institutional venture capital across seed, Series A and Series B rounds. The firm emphasises hands-on operational support during the post-investment value-creation phase, leveraging founder and operator partners alongside institutional capital to support international expansion and category leadership across France and selectively across Europe. Average equity tickets vary by stage with reserve capital preserved for follow-on rounds across the platform.
Recent activity
Recent realised exits include Waga Energy (energy, 2025). The platform tracks 2 fund vehicles, 23 active portfolio companies and 1 realised exit across the strategy's history. Detailed buyer names and multiple data available on Pro at €29/month.
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France·€196.0BFrance·€52.8BFrance·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€4.3BFrance·€4.0BFrance·€4.0B