UK-based deep-tech venture capital firm IQ Capital has launched a new $125 million Growth Opportunities Fund and closed its third venture fund, IQ Capital Fund III, at $175 million, bringing the total new capital to be invested to over $300 million (€267 million).
The $125 million Growth Opportunities Fund will provide later-stage capital to outperforming companies in their existing venture portfolio. Privitar, the global leader in data privacy engineering which IQ Capital supported since seed stage, is the first investment from the new fund, as part of the $40 million Series B funding round.