[NEWS] UK DeepTech VC IQ Capital launches new $125M growth fund, closes third VC fund at $175M – Loganspace

IQ Capital, a UK-basically based totally deep tech fund which has invested in startups equivalent to Paragraf, Senseye and Funderbeam, has launched a brand new $125 million ‘Enhance Opportunities Fund’ and closed its third challenge fund, IQ Capital Fund III, at $175 million. This brings the general new capital to be invested to over $300 million. Nationwide Grid Partners bask in joined British Affected person Capital and hundreds of assorted global institutions, as an investor in IQ Capital Fund III.

The pass is piece of a worthy wider shift in VC investing all over Europe towards so-known as deep tech (AI, BioTech, Blockchain and many others).As an illustration, Adara Ventures, a spanish VC firm unbiased as of late closed its third fund with commitmentsin extra of €65 millionto abet European early-stage deep tech startups.

IQ says the $125 million fund will present later-stage capital to the correct-performing corporations in their reward portfolio. The first to assist from this is Privitar, a startup in records privacy engineering which IQ Capital funded from seed stage, as piece of its $40 million Series B funding round announced closing month.

Alongside the originate of the brand new fund, IQ Capital has reached the closing closing for its third challenge fund at $175 million, which specializes in investing into corporations at Seed and Series A stage. In the closing year, IQ Capital has invested in 12 corporations, at the side of Causalens, Concirrus, and Iotic. Old Fund II startups include Belief Machine, Fluidic Analytics, Paragraf, and Speechmatics.

Max Bautin, Co-Founder and Companion at IQ Capital, said an announcement: “The partners, Ed Stacey, Kerry 1st Earl 1st Earl Baldwin of Bewdley of Bewdley, and I, were investing in deep-tech for over two decades, and at some stage in this time we’ve seen investment in the sphere develop from millions p.a. to $1.75 billion deployed all over Europe in 2018 alone. Half of of this capital became once invested into UK originate-ups, reinforcing the UK as a jog-setter in Europe, with neatly-established expertise ecosystems formed in Cambridge, Bristol, Oxford, and London.

“IQ Capital has grown its funds under management over 10x in the closing 5 years, following exits to Google, Apple, and Facebook, and a double-dragon to Oracle. The investment team has tripled in dimension over the identical duration with most as a lot as date joiners Rick Hao, Daniel Carew and Marek Chalupnik. IQ Capital is now firmly established because the main deep tech investor in the UK.”

Lisa Lambert, Founder and President of Nationwide Grid Partners said: “IQ Capital… is positioned because the lope-to deep-tech fund in the EU, and the team has a confirmed skill to join with founders thru all stages, from seed to exit.”