Capricorn Partners
- Company typePrivate
- Founded1993
- HeadquartersLeuven, Belgium
- Headcount11–50
- GTM typeB2B
- OfferingServices
Capricorn Partners firmographics
Firmographics- Name
- Capricorn Partners
- Legal name
- Capricorn Partners NV
- Website
- https://capricorn.be
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Capricorn Partners industry classification
Industry- Product category
- Venture Capital Fund Management
- NAICS
- Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Climate / Clean Tech & Decarbonization Funds (FSANAJAA)
- akta.pro secondary industry
- Regional / Country-Focused Multi-Manager Platforms (FSANAGAI)
Keywords
Where Capricorn Partners is headquartered
LocationHeadquarters
- HQ city
- Leuven
- HQ country
- Belgium
- HQ region
- Europe
Offices1 record
Markets served
Capricorn Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management Fees: Capricorn generates revenue through management fees charged on the assets under management across its various venture capital funds and Quest for Growth public investment vehicle.
- Carried Interest: The firm earns carried interest (performance fees) from successful exits and realizations in its venture capital portfolio companies.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Capricorn Partners product offering
Product offeringCore offering
Capricorn Partners is an independent venture capital fund manager that manages multiple specialized funds investing in innovative technology companies across digital, health, and clean technology sectors in Europe with special focus on the Benelux region. The firm also manages Quest for Growth, a public alternative investment fund listed on Euronext Brussels that integrates quoted and private investments. Collectively, the firm manages over €300 million in assets across its various fund vehicles.
Product overview
Capricorn Partners is an independent venture capital fund manager and Quest for Growth investment company managing multiple specialized funds across digital, health, and clean technology sectors. The product suite consists of five distinct fund offerings: Capricorn Digital Growth Fund (€84.5M) for AI, Digital Twin and IoT companies; Capricorn Cleantech (€102.5M committed) for green chemistry and circular economy; Capricorn Health (€130M AUM) for digital health and medtech; Capricorn Fusion for SME growth capital in Europe/Asia; and Quest for Growth, a Euronext-listed public investment fund integrating quoted and private investments. Additionally, Capricorn Cleantech operates two sub-funds: Capricorn Industrial Biotech Fund (Article 9) and Capricorn Chemistry Fund (Article 8). The funds collectively manage over €300 million in assets across approximately 30+ investments with a team of 20 experts.
Differentiator
Problem solved
Functional benefit
Brands
- Capricorn Digital: Venture capital fund focusing on digital technologies, AI, Digital Twin, IoT and data science applications in digital health and Business 4.0
- Capricorn Cleantech
- Capricorn Health
- Capricorn Fusion
- Quest for Growth
- Capricorn Industrial Biotech Fund
- Capricorn Chemistry Fund
Products and services
- Capricorn Digital Growth Fund An Article 8 venture capital fund focused on investments in companies that turn data into actionable insights using AI, Digital Twin, IoT and data science technologies, with applications in digital health and Business 4.0. Currently has 17 active investments with €84.5 million in committed capital and tickets from seed to scale-up of €1-3M.
- Capricorn Cleantech A venture capital fund focused on sustainable technologies advancing green chemistry, circular economy, and carbon-neutrality across chemicals, materials, food and feed sectors. Has made 13 total investments with €102.5 million in committed capital. Includes the Capricorn Industrial Biotech Fund (Article 9) and Capricorn Chemistry Fund (Article 8) as sub-funds.
- Capricorn Health An Article 8 venture capital fund investing in digital health and medtech companies enabling personalized care and promoting value-based health. Manages approximately €130 million in assets under management with tickets from €1M to €5M from late seed to Series B.
- Capricorn Fusion A growth capital fund focused on providing investments to Small and Medium-sized Enterprises (SMEs) in Europe and Asia, with equity investments up to €5 million targeting companies with strong management, positive EBITDA and growth ambitions. Bridges transcontinental economies.
- Quest for Growth A public alternative investment fund (privak/pricaf) listed on Euronext Brussels since 1998, integrating quoted and private investments in innovative companies in digital, health and clean technologies. The diversified portfolio consists of 61% quoted companies, 10% venture & growth capital, and 28% venture & growth funds. Article 8 fund under SFDR.
- Capricorn Industrial Biotech Fund An Article 9 fund initiative started by DSM, InnovationQuarter and Capricorn Partners, focused on early-stage investments in industrial biotechnology sector in Northwestern Europe targeting technologies that are key enablers for decarbonization and circular economy through sourcing renewable raw materials.
- Capricorn Chemistry Fund An Article 8 fund focused on technologies enabling re-use, recycling or reduction of natural resources, targeting reduced carbon footprint in processes and products for transitioning to a sustainable circular economy in food & feed ingredients, materials and chemical products.
Quantifiable outcome
- ABAF/BVFA Award for Best Holding & Investment Company
Companies that use Capricorn Partners
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Capricorn Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Capricorn Partners partnerships and signals
Strategic signalScale indicators5 records
Recent moves9 records
Expansion highlights6 records
Capricorn Partners competitors and assessment
Company assessmentDirect peers
- BayBG Venture Capital: German SME growth investor that co-led Conxai's €5M round with Capricorn; comparable multi-sector European growth capital mandate with similar ticket sizes and minority positioning.
- Gimv: Belgian-listed investment company with a similar multi-sector platform (Health, Cleantech, Smart Industries, Consumer), comparable AUM and a Euronext-listed share structure. Closest direct comparable to Capricorn Partners and Quest for Growth.
- btov Partners: European venture capital firm with dedicated digital, industrial and medtech funds; similar multi-vertical European platform and comparable fund size, frequently co-invests in DACH/Benelux rounds.
- Astanor Ventures: European impact-led venture firm investing across food, agri-tech and climate; comparable to Capricorn Cleantech on thematic impact lens and European LP base.
- Forbion: European life-sciences and health VC manager with comparable AUM and stage range; directly comparable to Capricorn Health's mandate in medtech and digital health from late seed through Series B.
- Emerald Technology Ventures: Global cleantech and industrial-tech VC manager; directly comparable to Capricorn Cleantech in mandate, geographic reach and stage focus (early to growth venture).
- High-Tech Gründerfonds (HTGF): Germany's leading seed and early-stage tech VC with multiple sector-focused funds; directly comparable to Capricorn Digital in early-stage European tech investing and ticket size.
Regional players
- PMV (Participatiemaatschappij Vlaanderen): Flemish regional investment company that co-invests in Belgian venture and growth-stage tech, with overlapping portfolio in cleantech, health and digital — a natural co-investor and regional benchmark.
- LRM (Limburgse Reconversie Maatschappij): Belgian regional investor active in venture and growth capital for Flemish SMEs; comparable regional scale and stage focus, often co-invests alongside Capricorn in Benelux deals.
Emerging players
- Planet First Partners: European growth-stage climate-tech investment platform; overlapping with Capricorn Cleantech on sustainable chemistry and decarbonization themes though focused at a later stage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks2 records
Key highlights7 records
Customer concentration
Capricorn Partners social profiles
Digital presenceCapricorn Partners compliance and trust
Trust signalCompliance6 records
Capricorn Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capricorn Partners leadership team
Management profileNumber of profiles
Profiles23 records
Capricorn Partners subsidiaries and ownership
Company hierarchySubsidiaries1 record
Capricorn Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capricorn Partners M&A and investment
M&A and investmentM&A1 record
Investments121 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capricorn Partners
What does Capricorn Partners do?
Capricorn Partners is an independent venture capital fund manager that manages multiple specialized funds investing in innovative technology companies across digital, health, and clean technology sectors in Europe with special focus on the Benelux region. The firm also manages Quest for Growth, a public alternative investment fund listed on Euronext Brussels that integrates quoted and private investments. Collectively, the firm manages over €300 million in assets across its various fund vehicles.
Is Capricorn Partners a public or private company?
Capricorn Partners is a private company. It is classified as management employee owned and is currently operating.
When was Capricorn Partners founded?
Capricorn Partners was founded in 1993. It employs 11 to 50 people.
Where is Capricorn Partners based?
Capricorn Partners is headquartered in Leuven, Belgium, in the Europe region.
How does Capricorn Partners make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest.
Who are Capricorn Partners's main competitors?
Direct peers on record are BayBG Venture Capital, Gimv, btov Partners, Astanor Ventures, Forbion, Emerald Technology Ventures and High-Tech Gründerfonds (HTGF). Regional players are PMV (Participatiemaatschappij Vlaanderen) and LRM (Limburgse Reconversie Maatschappij). Planet First Partners is listed as an emerging player.
Does Capricorn Partners have an API?
No public API is recorded for Capricorn Partners.
What industry is Capricorn Partners in?
Capricorn Partners's product category is Venture Capital Fund Management. Its primary akta.pro industry code is FSANAJAA, Climate / Clean Tech & Decarbonization Funds, with a secondary code of FSANAGAI, Regional / Country-Focused Multi-Manager Platforms. Its NAICS code is 5259 and its SIC code is 6282.