Bloc Ventures Limited, a London, UK-based venture capital firm focused on European early stage deep technology investment, raised over £20m in equity funding.
The round was led by Michael Spencer’s investment company IPGL Limited with participation from Warren East, Christopher (Jock) Miller, Gavyn Davies, Stuart Roden, and Stephen Catlin, who also serves as a non-executive director on the Bloc Board.
As part of the round, Samantha (Sam) Wren, CEO of IPGL, also joins as a non-executive director.
Founded by CEO Bruce Beckloff, CTO David Leftley, technology industry veterans from ARM and Vodafone respectively, and Chairman Paul Roy, Bloc Ventures is a venture capital firm providing expert-led funding of European deep technology. They also provide portfolio companies with support for growth to move them from early-stage to growth businesses and drive value-creation.
The team has already built a portfolio of nine companies and will use the new funds for new portfolio additions and follow-on investments in line with its strategy to create companies of global scale.
Sectors in which they have invested include high performance computing, wireless communications, networking infrastructure, and the Internet of Things.