IQ Capital, a London, UK-based deep tech venture capital firm, closed its fourth fund, at $200m, taking its assets under management to more than $1bn.
Investors in Fund IV include global institutions, funds-of-funds, family offices, corporates and tech entrepreneurs of whom several were previously backed by IQ Capital, as well as British Patient Capital.
The firm has also launched its second $200m Growth Fund to provide later-stage funding to outperforming companies, primarily in its venture portfolios. This enables IQ Capital to deploy capital at multiple stages, investing an additional $30m in individual companies as they internationalize.
Founded in Cambridge in 2007 and led by general partners Kerry Baldwin, Max Bautin and Ed Stacey, IQ Capital will continue to invest at Seed and Series A into UK and European startups to commercialise IP-rich technologies and back founders with the ambition to scale globally.
Fund IV has already made investments including:
- DreamFold, which uses Generative AI algorithms to predict the properties of therapeutic proteins;
- Risilience, a climate-risk platform providing the technology for multinational corporates to meet their net-zero objectives, which has gone on to raise a further $26m, and
- Secretarium, which has pioneered confidential computing, developing a ‘trustless’ cloud computing infrastructure, based on advanced cryptography using only standard hardware components.
IQ Capital’s investments include: Thought Machine, a core-banking software unicorn which they backed from Seed; Nyobolt, ultra-fast charging battery tech; and Speechmatics, the leading speech recognition technology scale-up.
FinSMEs
05/06/2023