Q Capital raises $400m to invest in transformative deep tech companies

Cambridge and London-based venture capital firm, IQ Capital, targets most innovative European deeptech start-ups.

IQ Capital Group

IQ Capital, a leading London based deep tech venture capital firm,  today announces the final close of its fourth Venture Fund at $200m, taking its assets under management in deep tech to over $1bn. IQ Capital has defined deep tech investing in the UK since its foundation in Cambridge in 2007. The firm will continue to invest at Seed and Series A into UK and EU start-ups to commercialise IP-rich breakthrough technologies and back founders with the ambition to scale globally.

IQ Capital has also launched its second $200m Growth Fund to provide later-stage capital to outperforming companies, primarily in its venture portfolios. This enables the firm to deploy capital at multiple stages, investing an additional $30m in individual companies as they internationalise. 

Fund IV will build on the success of IQ Capital’s existing funds, which have achieved exits to Oracle, Google, Apple and Facebook, along with several high-profile IPOs. IQ Capital’s PhD-rich team has invested in over 100 deep tech start-ups, attracting a further $1.4 billion follow-on capital to its portfolio and creating over 4,000 deep tech jobs. 

IQ Capital’s general partners, Kerry Baldwin, Max Bautin, Simon Hirtzel and Ed Stacey, have worked together for more than 20 years, with their commercial and scientific networks attracting founders from across Europe. 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.  

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 largest LP investing in UK Venture Capital. 

Read more

Looking for something specific?