UK DeepTech VC IQ Capital launches new $125M growth fund, closes third VC fund at $175M

TechCrunch | 7/16/2019 | Staff
hey13hey13 (Posted by) Level 4
Click For Photo:

IQ Capital, a UK-based deep tech fund which has invested in startups such as Paragraf, Senseye and Funderbeam, has launched a new $125 million ‘Growth Opportunities Fund’ and closed its third venture fund, IQ Capital Fund III, at $175 million. This brings the total new capital to be invested to over $300 million. National Grid Partners have joined British Patient Capital and a number of other global institutions, as an investor in IQ Capital Fund III.

The move is part of a wider shift in VC investing across Europe towards so-called deep tech (AI, BioTech, Blockchain etc).For instance, Adara Ventures, a spanish VC firm recently closed its third fund with commitments in excess of €65 million to back European early-stage deep tech startups.

IQ - Fund - Capital - Companies - Portfolio

IQ says the $125 million fund will provide later-stage capital to the best-performing companies in their existing portfolio. The first to benefit from this is Privitar, a startup in data privacy engineering which IQ Capital funded from seed stage, as part of its $40 million Series B funding round announced last month.

Alongside the launch of the new fund, IQ Capital has reached the final closing for its third venture fund at $175 million, which focuses on investing into companies at Seed and Series A stage. In...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Economic projections are useless with out the exact timer they will occur
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!