Capricorn Partners

Gradyent is a Dutch AI cloud platform established in 2019. It optimizes heating systems for district heating companies using Digital Twin technology, combining geographical, weather, sensor data with physical models and AI. This enables real-time optimization and future scenario simulations, reducing heat loss by 20%, CO2 emissions by 10%, and fuel costs by 5-10%.

Founded in Belgium in 2015, Minze Health specializes in digital health solutions for urinary tract problems. Its remote patient monitoring systems are used globally by hospitals and urology practices.

Chainels is a full-service tenant experience platform for multi-tenant destinations such as shopping centers, mixed-use developments, offices, transport hubs and residential buildings. The platform digitalizes operations to improve communication, amenities management, data reporting and marketing, with the aim of creating engaging, sustainable and safe tenant environments and strengthening tenant retention. It connects property owners, managers and stakeholders with residents and tenants through an intuitive app, enabling streamlined operations, KPI tracking, issue resolution via chat and a ticketing system, and data driven decision making that can enhance asset value and performance. Based in Rotterdam, Chainels serves a broad portfolio of communities across several countries and is used by major owners and operators including CBRE, Wereldhave, Atrium European Real Estate, Multi Corporation and World Trade Centre Rotterdam/The Hague.

Founded in Belgium in 2015, Minze Health specializes in digital health solutions for urinary tract problems. Its remote patient monitoring systems are used globally by hospitals and urology practices.

Gradyent is a Dutch AI cloud platform established in 2019. It optimizes heating systems for district heating companies using Digital Twin technology, combining geographical, weather, sensor data with physical models and AI. This enables real-time optimization and future scenario simulations, reducing heat loss by 20%, CO2 emissions by 10%, and fuel costs by 5-10%.

Finquest is a leading deal origination provider that specializes in delivering personalized connections for clients seeking mergers and acquisitions (M&A) and direct investment opportunities across Europe, North America, and the Asia-Pacific region. Utilizing a unique database and advanced machine learning techniques, Finquest offers targeted and curated introductions, facilitating a more efficient deal-making process while ensuring complete confidentiality. The company's platform focuses on the middle market, connecting institutional investors with potential investment opportunities and enabling corporate buyers to identify relevant acquirers. Headquartered in Singapore, Finquest operates offices in key financial centers including New York, Dallas, London, Paris, Frankfurt, Luxembourg, Bangalore, and Hong Kong, broadening market access for its clients.

Black Bear Carbon BV specializes in the conversion of waste tires into carbon black and green energy, operating from its base in Nederweert, the Netherlands, since its founding in 2010. The company utilizes a circular economy model, transforming end-of-life tires into sustainable products that serve various industries. Its carbon black, derived from controlled pyrolysis and partial combustion of hydrocarbons, is utilized in applications such as tires, technical rubber products, plastics, paints, and inks. In addition to producing carbon black, Black Bear Carbon generates electricity from its operations, which powers its tire shredding processes and supplies energy to local industries and grids. Through these efforts, the company provides businesses with recyclable carbon compounds, contributing to reduced reliance on oil and lower carbon dioxide emissions.

Founded in 2013, Sensolus designs and develops global positioning system (GPS) trackers for non-powered assets. It offers turnkey solutions for wireless, low-power context-aware sensing, along with a web-based IoT cloud platform for real-time asset tracking. Serving industries such as manufacturing, waste management, cargo transport, and automotive.

Gradyent is a Dutch AI cloud platform established in 2019. It optimizes heating systems for district heating companies using Digital Twin technology, combining geographical, weather, sensor data with physical models and AI. This enables real-time optimization and future scenario simulations, reducing heat loss by 20%, CO2 emissions by 10%, and fuel costs by 5-10%.

iSTAR Medical specializes in developing ophthalmic implants made from biomaterials. Its flagship product is the STARflo glaucoma implant, a non-degradable, precision-pore device designed to reduce intraocular pressure in open angle glaucoma patients by enhancing natural fluid outflow. The company's products are sold through distributors worldwide and it operates from its eco-friendly R&D and manufacturing facility near Namur, Belgium.

Arkite NV is a Belgian company, founded in 2015 and based in Genk, that focuses on manufacturing automation products designed to enhance manufacturing operations. Its primary product, the Human Interface Mate (HIM), assists operators by providing immediate warnings when incorrect operations occur and guiding them towards standardized work processes. The company prides itself on a dedicated team with expertise in industrial engineering, lean thinking, and process innovation. In addition to its technological offerings, Arkite NV provides professional services, including process innovation consultancy, integration services, and training to support the implementation of its products. The company also aids clients in conducting time studies for technology innovation and improving quality systems, ultimately aiming to reduce waste and streamline operations.

Icometrix specializes in enhancing patient care through AI-driven imaging analysis. Founded in 2011 as a spin-off from Belgian universities, it offers standardized measurements on brain MRI scans for neurological disorder patients. Its flagship product, MSmetrix, detects lesions and measures volumes, with EU market approval and pending FDA clearance. Icometrix also supports clinical trials and research studies, processing large batches of imaging data.

Miaa Guard CVBA, based in Leuven, Belgium, develops a cloud-based platform that provides access control solutions for digital businesses. The platform utilizes microservice APIs to manage access rights and policies tailored to both consumers and professionals within an enterprise context. It enables organizations to govern security and access, integrate data architecture, and customize configurations. Founded in 2009 and originally known as VintiQ, the company rebranded to Miaa Guard CVBA in 2014. Its services facilitate the monetization of digital assets while ensuring proper authorization among users.

Black Bear Carbon BV specializes in the conversion of waste tires into carbon black and green energy, operating from its base in Nederweert, the Netherlands, since its founding in 2010. The company utilizes a circular economy model, transforming end-of-life tires into sustainable products that serve various industries. Its carbon black, derived from controlled pyrolysis and partial combustion of hydrocarbons, is utilized in applications such as tires, technical rubber products, plastics, paints, and inks. In addition to producing carbon black, Black Bear Carbon generates electricity from its operations, which powers its tire shredding processes and supplies energy to local industries and grids. Through these efforts, the company provides businesses with recyclable carbon compounds, contributing to reduced reliance on oil and lower carbon dioxide emissions.

LindaCare LTD. is a Belgium-based company specializing in patient tele-monitoring solutions for chronic disease management. The company has developed a comprehensive dashboard that integrates tele-monitoring data from various cardiac implantable device vendors and electronic patient records. This vendor-independent software platform enhances workflow automation, provides customized alerts, and minimizes medical errors, thereby improving the efficiency of patient care. By offering healthcare professionals and hospitals a unified system, LindaCare aims to reduce the cost of care delivery while enhancing the quality and safety of patient management. The software enables both healthcare professionals and family members to effectively track and monitor patient activities remotely.

NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Arkite NV is a Belgian company, founded in 2015 and based in Genk, that focuses on manufacturing automation products designed to enhance manufacturing operations. Its primary product, the Human Interface Mate (HIM), assists operators by providing immediate warnings when incorrect operations occur and guiding them towards standardized work processes. The company prides itself on a dedicated team with expertise in industrial engineering, lean thinking, and process innovation. In addition to its technological offerings, Arkite NV provides professional services, including process innovation consultancy, integration services, and training to support the implementation of its products. The company also aids clients in conducting time studies for technology innovation and improving quality systems, ultimately aiming to reduce waste and streamline operations.

Founded in 2013, Sensolus designs and develops global positioning system (GPS) trackers for non-powered assets. It offers turnkey solutions for wireless, low-power context-aware sensing, along with a web-based IoT cloud platform for real-time asset tracking. Serving industries such as manufacturing, waste management, cargo transport, and automotive.

NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Diagenode is an international life sciences company established in 2003 in Liège, Belgium, with a presence in Sparta, New Jersey, and a sales office in the United Kingdom. The company specializes in developing and commercializing advanced instruments and reagent systems for life science research and molecular diagnostics. Diagenode offers a technology platform that includes Bioruptor shearing and IP-Star automation instruments, along with reagent kits and quality antibodies. These products are designed to enhance workflows in epigenetics research, biological sample preparation, and diagnostic assays, serving a diverse clientele that includes prominent epigenetics researchers, academic institutions, genome centers, core laboratories, and pharmaceutical and biotechnology companies.

iSTAR Medical specializes in developing ophthalmic implants made from biomaterials. Its flagship product is the STARflo glaucoma implant, a non-degradable, precision-pore device designed to reduce intraocular pressure in open angle glaucoma patients by enhancing natural fluid outflow. The company's products are sold through distributors worldwide and it operates from its eco-friendly R&D and manufacturing facility near Namur, Belgium.

LindaCare LTD. is a Belgium-based company specializing in patient tele-monitoring solutions for chronic disease management. The company has developed a comprehensive dashboard that integrates tele-monitoring data from various cardiac implantable device vendors and electronic patient records. This vendor-independent software platform enhances workflow automation, provides customized alerts, and minimizes medical errors, thereby improving the efficiency of patient care. By offering healthcare professionals and hospitals a unified system, LindaCare aims to reduce the cost of care delivery while enhancing the quality and safety of patient management. The software enables both healthcare professionals and family members to effectively track and monitor patient activities remotely.

NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Avantium is a Dutch technology company specializing in advanced high-throughput research and development for energy, chemicals, and pharmaceutical industries. Headquartered in Amsterdam with state-of-the-art laboratories, Avantium's proprietary technology accelerates product and process innovation while reducing costs. With over 70 global clients, including industry leaders, Avantium has proven its technology's validity and commercial viability. The company focuses on developing new biofuels, bio-based chemicals, and novel crystal forms of marketed drugs under patent. Its team comprises highly educated professionals in catalysis, crystallography, organic chemistry, engineering, statistics, cheminformatics, and software development, collaborating closely with partner R&D organizations to drive innovation.

iSTAR Medical specializes in developing ophthalmic implants made from biomaterials. Its flagship product is the STARflo glaucoma implant, a non-degradable, precision-pore device designed to reduce intraocular pressure in open angle glaucoma patients by enhancing natural fluid outflow. The company's products are sold through distributors worldwide and it operates from its eco-friendly R&D and manufacturing facility near Namur, Belgium.

Trod Medical S.A. is a medical device manufacturer founded in 2006, with its headquarters located in Leuven, Belgium, and a presence in the Tampa Bay area, USA. The company specializes in innovative ablation technologies, particularly in the development of radiofrequency (RF) ablation devices. Trod Medical's flagship product, the EncageTM, is a percutaneous RF device designed to ablate soft tissues with exceptional precision, significantly reducing collateral damage compared to conventional treatments. This advancement is particularly relevant in the treatment of prostate cancer, a prevalent condition that affects around 240,000 new patients annually in the United States. The company aims to address the limitations of existing therapies, which often lead to serious side effects such as erectile dysfunction and urinary incontinence. Through its focus on focal ablation techniques, Trod Medical is committed to improving patient outcomes and enhancing surgical efficacy.

NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Trinean is a Belgium-based technology provider specializing in micro-volume molecular spectroscopy. Founded in 2006 as a spin-out from Ghent University and Imec Leuven, the company develops UV/VIS spectrometers for biomolecule quantification. Their flagship products, the DropSense™16 and DropSense™96, analyze up to 16 and 96 samples respectively, utilizing microfluidic chips for standardized sample analysis through DropPlates™ and Slides. Trinean's platform is enhanced with a software toolbox designed to improve data interpretation and lab automation, catering to the needs of biologics researchers.

EpiGaN is a Leuven, Belgium-based company specializing in the development of Gallium Nitride (GaN) on silicon wafers. The company focuses on providing III-nitride epitaxial materials that are designed for various commercial applications. EpiGaN's GaN materials offer higher power efficiency, which helps to reduce power losses in a range of uses, including AC drives, uninterruptible power supplies (UPS), and hybrid and electric vehicles. Through its innovative technology, EpiGaN aims to enhance the performance and efficiency of electronic systems across multiple industries.

Ducatt NV is a clean-tech start-up located in Belgium that specializes in the manufacturing of solar glasses. The company's products are designed to enhance the efficiency of solar systems by utilizing ultra-clear patterned glasses available in various thicknesses. Ducatt aims to provide clients with an affordable solution to improve solar energy usage, contributing to the advancement of clean energy technologies.

Anteryon International, established in 2006, specializes in designing, manufacturing, and distributing high-precision optical components. Its product portfolio includes a wide range of lenses, laser modules, optical mirrors, filters, and custom opto-mechatronic assemblies. Serving diverse sectors such as medical, telecom, defense, and semiconductor industries, the company leverages its patented replication and opto-mechanical assembly technology, along with deep domain expertise, to deliver standard and customer-specific optical solutions. Headquartered in Eindhoven, the Netherlands, Anteryon International operates as a subsidiary of China Wafer Level CSP Co., Ltd.

Avantium is a Dutch technology company specializing in advanced high-throughput research and development for energy, chemicals, and pharmaceutical industries. Headquartered in Amsterdam with state-of-the-art laboratories, Avantium's proprietary technology accelerates product and process innovation while reducing costs. With over 70 global clients, including industry leaders, Avantium has proven its technology's validity and commercial viability. The company focuses on developing new biofuels, bio-based chemicals, and novel crystal forms of marketed drugs under patent. Its team comprises highly educated professionals in catalysis, crystallography, organic chemistry, engineering, statistics, cheminformatics, and software development, collaborating closely with partner R&D organizations to drive innovation.

iNEWiT is an engineering company based in Mechelen, Belgium, founded in 2005. It specializes in identifying, designing, and creating applications and devices tailored for the mobile market. The company develops mobile video communication applications utilizing its patent-pending technology to transmit data, video, and sound across various wireless and wired platforms. iNEWiT also offers wireless communication technologies that encompass GPRS/EDGE, 3G, HSDPA/HSUPA, WiFi, WiMAX, and satellite networks. Additionally, it provides plug-and-play products aimed at the business-to-consumer markets.

MAPPER Lithography B.V. is a company specializing in the development of maskless lithography infrastructure for the semiconductor industry. Established in 2000 and headquartered in Delft, the Netherlands, MAPPER Lithography focuses on producing advanced lithography machines that utilize multiple electron beam technology for semiconductor manufacturing. This innovative approach allows for the production of chips without the need for traditional masks, streamlining the manufacturing process. The company also operates a manufacturing facility in Moscow, Russian Federation, further supporting its operations in the semiconductor sector.

Gemidis is a spin-off company from Ghent University (Belgium) and IMEC (Belgium) and was officially founded in August 2004. Gemidis develops, produces and sells LCOS imagers and driver electronics for both consumer and professional markets.

TiGenix NV is a Belgium-based biomedical company specializing in innovative treatments for damaged and osteoarthritic joints. Founded as a spin-off from the Catholic University of Leuven and the University of Ghent, TiGenix leverages regenerative medicine to create durable therapies validated through controlled clinical studies. The company focuses on developing a portfolio of products aimed at addressing specific musculoskeletal issues, with a primary emphasis on cartilage damage, which significantly impairs patient mobility and function. TiGenix also explores the anti-inflammatory properties of stem cells to create novel therapies for serious medical conditions, particularly in areas where there is a high unmet medical need.