Venture Capital News UK IQ Capital Secures £320m to Invest in Deep Tech Startups

Venture Capital News UK – IQ Capital Secures £320m to Invest in Deep Tech

Venture Capital News UK – IQ Capital Secures £320m to Invest in Deep Tech Startups

London and Cambridge-based venture capital firm IQ Capital has secured $400 million (£320 million) across two funds to continue investing in the deep tech sector.

The firm’s fourth fund, IQ Capital Fund IV, has reached a final close of $200 million (£160 million), while its second growth fund, IQ Capital Growth Fund II, has also launched with the same amount of capital.

Venture Capital News UK IQ Capital Secures £320m to Invest in Deep Tech Startups

IQ Capital said that it will invest in UK and European startups at the seed to Series A stage, with a focus on deep tech companies that are developing innovative solutions in areas such as artificial intelligence, life sciences, quantum computing, and energy.

Venture Capital News UK

The firm has already invested in a number of successful deep tech startups, including protein generative AI startup DreamFold, battery technology company Nyobolt, and 3D printing software startup TOffeeAM.

Kerry Baldwin, managing partner and co-founder of IQ Capital, said: “Deep tech will play a pivotal role as both the UK and Europe continue to lead the way in developing technology that will have a lasting global impact.

He added: “We are excited to be able to support the next generation of deep tech entrepreneurs with our new funds.”

Venture Capital News UK

The investment in IQ Capital comes at a time when the deep tech sector is growing rapidly. According to a report by the UK government, the UK deep tech sector is worth £150 billion and is growing at a rate of 15% per year.

The report also found that the UK is home to some of the world’s leading deep tech companies, including DeepMind, Improbable, and Graphcore.

IQ Capital’s investment is a sign of the growing confidence in the deep tech sector. The firm’s funds will provide much-needed capital to deep tech startups, helping them to scale up and bring their innovative products to market.

This is good news for the UK and European economies, as deep tech companies have the potential to create high-paying jobs and drive economic growth.

Venture Capital News UK


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