What Starquest Capital does

Starquest Capital is a Paris-based venture capital and asset management firm founded in 2014 (with firmographic records showing 2008) that specializes in financing disruptive climate and green technology companies across Europe and beyond. The firm operates as an AMF-regulated Alternative Investment Fund Manager (approval number GP-14000040) and is a signatory of the United Nations Principles for Responsible Investment (UNPRI). It is part of the Montefiore family of investment vehicles, with consolidated AuM of €5B (2024) and Starquest's own AuM at €400M, targeted to reach €1B by 2028.

The firm runs three specialized funds targeting distinct climate themes and stages: the Biodiversity Fund (€3-15M tickets in venture, growth, and buyout-stage ecosystem preservation and restoration companies), the CCR-Fund (€500K-€5M tickets from seed to LBO for climate adaptation and natural disaster prevention), and the Protect Fund (€3-€20M Series A, B, and C tickets in greenhouse-gas-reducing technologies across energy, mobility, agriculture, industry, and advanced materials). Across these vehicles Starquest has built a 23-company portfolio spanning solar (Heliup), hydrogen infrastructure (Atawey), agritech (ITK, UBEES, Les Nouvelles Fermes), water and climate analytics (Leakmited, Hydroclimat), deeptech lasers (Cailabs), biogas (Waga Energy), bio-based materials (Ecoat, Olikrom), food waste (Phenix, Tryon), green heating (Kyotherm), and space situational awareness (Aldoria), among others.

Starquest monetizes through industry-standard fund management economics — recurring management fees on AuM across its three vehicles plus performance-based carried interest on successful portfolio exits. Distribution is conducted primarily via direct relationships with founders, co-investor syndicates (BNP Paribas Développement, Supernova Invest, Yotta Capital, Capagro, Bpifrance, ADEME), and limited partner fundraising managed by a dedicated Partner Fundraising. The 13-person team includes founding partners Arnaud Delattre (CEO, ex-BCG) and Emmanuel Gaudé (Managing Director), Partner Harold Dumeurger, Partner Fundraising Olga Koulechova (ex-Idinvest, Truffle Capital), General Secretary Nicolas Becque (ex-Eurazeo, EY), and investment, legal, and operations staff drawn from Idinvest, Cathay Capital, Sanofi, and Rocket Internet. ESG compliance is supported by SIRSA consultancy.

Name

Starquest Capital

Legal name

Starquest Société par actions simplifiée

Website

https://starquest-capital.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Starquest Capital is a Paris-based, AMF-regulated venture capital firm that finances climate-focused startups through three funds (Biodiversity, CCR, Protect), with €400M AuM and a €1B 2028 target, backed by the Montefiore family.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Climate / Clean Tech & Decarbonization Funds (FSANAJAA)

akta.pro secondary industries

Biodiversity, Conservation & Natural Capital Funds (FSANAJAG), Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency) (FSANAEAE), Early-Stage Venture Capital (Series A/B) (FSANAAAB)

Keywords

• Venture capital funding
• Climate investment funds
• Green technology financing
• Portfolio management services
• Cleantech venture capital

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fund Management Fees: Starquest Capital generates revenue through management fees charged on assets under management across its three funds (Biodiversity Fund, CCR-Fund, and Protect Fund).
2. Carried Interest (Carry): Performance-based carried interest from successful portfolio company exits, typical of venture capital fund structures.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Starquest Capital is a Paris-based venture capital firm that finances disruptive green technology through three thematic funds. The Biodiversity Fund deploys €3–15M in venture, growth, and buyout-stage companies driving ecosystem preservation and restoration; the CCR-Fund invests €500K–5M across seed-to-LBO stages in climate adaptation and natural disaster prevention technologies; and the Protect Fund deploys €3–20M in Series A, B, and C companies developing breakthrough greenhouse gas reduction technologies across energy, mobility, agriculture, industry, and advanced materials.

Product overview

Starquest Capital is a French venture capital firm structured as a fund management company operating three distinct investment products: the Biodiversity Fund (€3-15M for ecosystem preservation ventures), the CCR-Fund (€500K-5M for climate adaptation and disaster prevention), and the Protect Fund (€3-20M for Series A-C clean technology companies). The firm manages a consolidated AuM of €5B (2024) with €400M under Starquest's direct management and a target of €1B by 2028. The portfolio comprises 23 climate-focused companies spanning energy, mobility, agriculture, industry, and advanced materials sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Biodiversity Fund Investment fund deploying €3–15M in venture, growth, and buyout-stage companies driving measurable impact on ecosystem preservation and restoration, including ecosystem restoration, regenerative practices, environmental protection systems, and MRV solutions. For climate-focused entrepreneurs and institutional limited partners.
• CCR-Fund (Climate Change Resilience) Investment fund deploying €500K–€5M across all maturity stages (seed to LBO) in companies developing solutions for natural disaster prevention and climate change adaptation, including flood protection systems, drought-resilient geotechnical solutions, and AI-powered risk prediction models. For climate-tech founders and institutional LPs.
• Protect Fund Series A, B and C investment fund deploying €3–20M in breakthrough technologies across energy, mobility, agriculture, industry, and advanced materials to significantly reduce greenhouse gas emissions, including water conservation, circular economy, and waste reduction solutions. For growth-stage clean technology founders and institutional LPs.

Quantifiable outcome

• €5B Consolidated AuM 2024 (Montefiore family)
• +2 more outcomes

Named customers24 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• SIRSAcoreOthersESG consultancy supporting Starquest in complying with ESG criteria and implementing their sustainability approach.
• UNPRIcoreOthersStarquest is a signatory of the United Nations Principles for Responsible Investment (UNPRI), integrating ESG issues into portfolio management.

Scale indicators4 records

Recent moves6 records

Direct peers

• Supernova Invest: France-based deeptech and cleantech VC firm that led Heliup's €16M round alongside Starquest in 2026. Directly comparable on geography, stage (seed-to-growth), and sector focus on sustainable technologies.
• Capagro: European agritech and cleantech VC that co-led UBEES' €8M Series A with Starquest in 2026. Closely comparable as a thematic European VC with overlapping portfolio in regenerative agriculture and bioeconomy.
• Yotta Capital: European impact/cleantech investor that led Ecoat's €21M round alongside Starquest. Directly comparable on stage, ticket size, and bioeconomy/cleantech thesis.
• Truffle Capital: Paris-based deeptech VC where Starquest's Partner Fundraising (Olga Koulechova) previously worked. Comparable as a French deeptech/cleantech specialist investing across venture and growth stages.
• BNP Paribas Développement: BNP Paribas' growth and venture arm that co-invested alongside Starquest in Heliup, UBEES and Ecoat. Comparable as a repeat co-investor in French climate growth-stage rounds.
• MAIF Impact: French insurance-led impact investor that joined Heliup's 2026 round. Comparable as a French institutional LP-style impact investor backing climate growth-stage companies.
• Cathay Capital: Global cross-border VC where Starquest Partner Harold Dumeurger previously worked. Comparable as a stage-and-thematic peer with European and global deal flow.

Broad incumbents

• Bpifrance: French state-backed investment bank providing both equity and debt packages (e.g., Ecoat debt facility via France 2030). Overlaps with Starquest's climate mandate at multiple stages and ticket sizes.
• Eurazeo: Major French PE platform with a dedicated climate strategy; employs several ex-Eurazeo professionals in Starquest's team. Overlaps as a broader incumbent in French growth and impact investing.
• Mirova Natural Capital: Affiliate of Natixis Investment Managers focused on natural capital and biodiversity investing. Closely comparable on the Biodiversity Fund thesis (ecosystem restoration, MRV, regenerative agriculture).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/starquest-capital
• Xx.com/starquest_k

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments113 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Starquest Capital