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Picture credit: IQ Capital
London-based IQ Capital, a enterprise investor, introduced on Monday that it has secured $400M (roughly €374M) throughout two funds, taking its belongings underneath administration to over $1B.
The deep tech-focused VC has raised $200M in progress funding to assist later-stage corporations and closed its fourth fund on the identical dimension focusing on early-stage ventures.
The funds got here from a various group of worldwide supporters, encompassing world establishments, funds-of-funds, household places of work, firms, tech entrepreneurs, and the state-backed British Affected person Capital.
IQ Capital says the funds shall be strategically invested in a various portfolio of deeptech startups in Europe and the UK.
IQ Capitals: What it is advisable to know
Based in 2007, IQ Capital’s basic companions Kerry Baldwin, Max Bautin, Simon Hirtzel, and Ed Stacey have labored collectively for greater than 20 years, investing in over 100 modern deep-tech corporations.
The group has achieved over 20 exits thus far, together with commerce gross sales to Oracle, Google, Apple, Fb, Siemens, and a number of other IPOs.
From the Seed stage, IQ Capital helps founders deal with the challenges confronted in constructing and scaling a profitable firm, supported by the various views of a group constructed on a radical data of deep science and know-how, in addition to advertising, discovering product-market-fit, gross sales, expertise, company finance, and M&A.
IQ Capital’s preliminary funding ranges from £0.5M to £10M and invests in deep tech corporations at Seed and Sequence A throughout all sector verticals, together with generative AI, superior engineering and novel supplies, space-tech, quantum {hardware} and algorithms, cyber and knowledge safety and artificial biology.
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