LeQuest Secures €7 Million in Venture Funding to Expand Online Medical Device Training Platform

Recently, VCBeat (WeChat Official Account: vcbeat) learned from foreign media reports that LeQuest, a medical technology company headquartered in Rotterdam, the Netherlands, has completed a €7 million venture capital financing round. The round was led by new investor InnovationQuarter, with participation from existing investors NextGen Ventures, Noaber Ventures, and Philips Health Technology Ventures.

LeQuest plans to use the funding to strengthen collaborations with medical device companies and expand its business into more hospitals, thereby accelerating corporate growth. Reportedly, LeQuest previously completed a €4 million venture financing round in October 2017, with investment from NextGen Ventures and Noaber Ventures.

LeQuest is a medical technology company founded in 2011. The company is dedicated to developing medical device training courses for healthcare professionals. Its corporate goal is to reshape the way healthcare professionals are trained in medical technology. The company’s team is led by CEO Hicham Shatou.

From defining learning objectives to designing e-learning courses, and further to course validation, launch, and implementation, LeQuest offers a comprehensive training solution. The company customizes online e-learning courses and assessment platforms according to client needs, enabling healthcare professionals to learn how to properly operate complex medical devices through structured training, thereby enhancing their clinical skills and job competency.

LeQuest is dedicated to improving healthcare quality, enhancing the efficiency of medical technologies, and reducing the incidence of medical accidents. LeQuest focuses its online education solutions on hospital operating rooms (ORs), intensive care units (ICUs), and radiology departments, where high-risk medical technologies are applied and specialized training for medical personnel is required.

The LeQuest platform features several standalone training modules, among which the medical device-related training programs are digitized to enable users to virtually operate devices and utilize their functions. Healthcare institutions are increasingly dependent on complex medical technologies. By leveraging LeQuest software, healthcare institutions can assess employee competencies and provide targeted training. Services offered by the platform include registration for medical professionals, training on specific medical devices, and evaluation of medical technical skills.

Since its inception, LeQuest has continued to expand. In recent years, the company has provided services to numerous hospitals and medical device manufacturers, partnering with major industry players such as Philips, Siemens, Medtronic, and General Electric (GE). Its platform serves clients from more than 15 countries across Europe, North America, and South America.

InnovationQuarter is a venture capital firm located in the southern Netherlands that provides various types of financing to seed-stage, early-stage, and growth-stage companies, including equity investments, subordinated loans, and convertible loans.

Noaber Ventures, established in 2000 and headquartered in the Netherlands, is a venture capital firm. The firm primarily invests in healthcare information technology, medical devices, and home care. Noaber Ventures aims to help companies leverage information and communication technologies (ICT) to optimize healthcare services, thereby driving transformation in the healthcare industry and improving public health. The company provides financial support through two models: project-based grants or direct equity investments in companies.

NextGen Ventures is a venture capital firm that primarily invests in companies engaged in independent research and development within the healthcare sector. The firm provides average investment amounts of approximately €400,000, with a maximum of €1.5 million. In line with its investment strategy, NextGen Ventures typically maintains continuous involvement across multiple funding rounds for individual portfolio companies.

Philips Health Technology Ventures focuses on the fields of personal health and professional healthcare, primarily investing in early-stage medical IT companies. By providing capital and collaborating with portfolio companies, the firm aims to achieve disease prediction and prevention, real-time precision diagnosis, and personalized treatment, thereby improving clinical outcomes, reducing healthcare costs, optimizing patient prognosis services, and enabling billions of people to live healthier lives.

(Compiled by Tang Lulu)