London-based IQ Capital, a venture investor, announced on Monday that it has secured $400M (approximately €374M) across two funds, taking its assets under management to over $1B.
The deep tech-focused VC has raised $200M in growth funding to support later-stage companies and closed its fourth fund at the same size targeting early-stage ventures.
The funds came from a diverse group of international supporters, encompassing global institutions, funds-of-funds, family offices, corporations, tech entrepreneurs, and the state-backed British Patient Capital.
IQ Capital says the funds will be strategically invested in a diverse portfolio of deeptech startups in Europe and the United Kingdom.
IQ Capitals: What you need to know
Founded in 2007, IQ Capital’s general partners Kerry Baldwin, Max Bautin, Simon Hirtzel, and Ed Stacey have worked together for more than 20 years, investing in over 100 innovative deep-tech companies.
The team has achieved over 20 exits to date, including trade sales to Oracle, Google, Apple, Facebook, Siemens, and several IPOs.
From the Seed stage, IQ Capital helps founders tackle the challenges faced in building and scaling a successful company, supported by the diverse perspectives of a team built on a thorough knowledge of deep science and technology, as well as marketing, finding product-market-fit, sales, talent, corporate finance, and M&A.
IQ Capital’s initial investment ranges from £0.5M to £10M and invests in deep tech companies at Seed and Series A across all sector verticals, including generative AI, advanced engineering and novel materials, space-tech, quantum hardware and algorithms, cyber and data security and synthetic biology.
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