HealthQuest Capital

HealthQuest Capital is a growth capital firm based in the San Francisco Bay Area, specializing in investing in commercial-stage companies that are transforming healthcare by improving patient outcomes and reducing costs. Founded in 2013 by Dr. Garheng Kong, the firm manages approximately $2 billion in assets across multiple funds. The firm focuses on fostering innovation across the healthcare spectrum, including medical technologies, diagnostics, digital health, and innovative services. The team combines decades of successful investing experience with deep domain expertise in all aspects of the healthcare industry. Notable investments include Everly Health, Lunit, Thirty Madison, and TigerConnect. The firm has also seen 18 exits across IPOs and M&A transactions, including the sale of BardyDx to Hillrom (now Baxter), BioIQ to LetsGetChecked, Biotheranostics to Hologic, and the IPO of Castle Biosciences.

HealthQuest Capital's investment strategy centers on identifying and supporting companies that are optimizing value in healthcare by improving outcomes and reducing costs. The firm invests across various healthcare subsectors, believing that healthcare innovation occurs at the convergent points between medical technologies, diagnostics/tools, digital health, and innovative services. Target markets include commercial-stage companies that improve patient outcomes or reduce cost and inefficiency in the healthcare system. The firm seeks growth companies with an emphasis on current trends in the healthcare sector that are hitting an adoption inflection point with long-term impact.

The HealthQuest team is led by founder Garheng Kong, a physician, scientist, and engineer by training. With over two decades of experience investing, Garheng has led nearly 30 companies to successful exits. The team is strengthened by a board of advisors comprised of current or former CEOs in influential healthcare companies, including Aon Hewitt, Becton Dickinson, Bon Secours Mercy Health, Cardinal Health, Humana, LabCorp, Medtronic, OptumHealth, and a former U.S. Surgeon General. Together, the HealthQuest ecosystem provides portfolio companies unique strategic insights, access, and opportunities. The firm's approach involves targeting sectors of healthcare where there are clear unmet clinical needs and being active in geographies that are underserved by other venture capital and emerging growth investors.