IP Group
IP Group plc is a London-listed (LSE: IPO, FTSE 250) intellectual-property commercialisation company founded in 2001 that backs university spin-outs in deep tech, life sciences and cleantech off its own permanent-capital balance sheet, with closing net asset value of GBP 975.1m at end-2025.
IP Group is a London venture capital firm with €1.1B AUM, 28 active companies and 7 exits.
- ·7 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 7 realized deals: 12 years.
- ·Best return: 53.0x MOIC on Hinge Health (2025).
- ·Top sector focus: Biotech (26% of portfolio).
Sector breakdown
35 companiesGeography breakdown
6 geographiesKey facts
Recent exits
IP Group took Hinge Health public in 2025 after 13 years.
IP Group sold Intelligent Ultrasound to Surgical Science Sweden AB in 2025 after 18 years.
IP Group sold Monolith to CoreWeave in 2025 after 9 years.
IP Group sold Featurespace to Visa in 2024 after 12 years.
Coverage notes
1 fund tracked, 35 portfolio companies (28 active · 7 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund IP Group has raised, with its portfolio companies. Hand-checked from public filings.
IP Group (Evergreen)Evergreen2001€1.1B28 assets7 exitsEvergreen2001 · 25yr€1.1B287
Unrealized
28 held| Company | Entry |
|---|---|
| AccelerComm Deep Tech · UK | 2016 |
| Additive Assurance Deep Tech · Australia | 2019 |
| AirForestry ClimateTech · Sweden | 2024 |
| Akamis Bio Biotech · UK | 2017 |
| Alesi Surgical MedTech · UK | 2014 |
| Alimetry HealthTech · New Zealand | 2020 |
| AMSL Aero ClimateTech · Australia | 2019 |
| Apollo Therapeutics Biotech · UK | 2017 |
| Aqdot Deep Tech · UK | 2017 |
| Artios Pharma Biotech · UK | 2016 |
| Atisama Therapeutics Biotech · Australia | 2021 |
| Audioscenic Deep Tech · UK | 2019 |
| Centessa Pharmaceuticals Biotech · US | 2021 |
| First Light Fusion ClimateTech · UK | 2011 |
| Genomics HealthTech · UK | 2014 |
| Hysata ClimateTech · Australia | 2021 |
| Istesso Biotech · UK | 2017 |
| Lumai Deep Tech · UK | 2022 |
| Mantle8 ClimateTech · France | 2025 |
| Microbiotica Biotech · UK | 2016 |
| Mixergy ClimateTech · UK | 2016 |
| Nexeon ClimateTech · UK | 2006 |
| Oxa Mobility · UK | 2014 |
| Oxccu ClimateTech · UK | 2021 |
| Oxford Quantum Circuits Deep Tech · UK | 2017 |
| Quantum Dice Cybersecurity · UK | 2021 |
| Quantum Motion Deep Tech · UK | 2017 |
| Ultraleap Deep Tech · UK | 2014 |
Realized
7 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Featurespace Fintech · UK | 2012 | 2024 | Trade Sale | Visa | 5.8x |
| Garrison Technology Cybersecurity · UK | 2015 | 2024 | Trade Sale | Everfox | – |
| Hinge Health HealthTech · US | 2012 | 2025 | IPO | Vitruvian Partners | 53.0x |
| Intelligent Ultrasound MedTech · UK | 2007 | 2025 | Trade Sale | Surgical Science Sweden AB | – |
| Monolith AI/ML · UK | 2016 | 2025 | Trade Sale | CoreWeave | – |
| Oxford Nanopore Technologies Biotech · UK | 2005 | 2021 | IPO | – | – |
| Zihpp Biotech · UK | 2019 | 2023 | Trade Sale | Metsera | – |
About IP Group
IP Group is an alternative investment platform with capital deployed across 2 active fund vehicles, headquartered in London. The firm deploys capital across European mid and small-cap businesses spanning industrials, TMT, real estate and business services.
Investment thesis
The platform combines complementary investment strategies, deploying capital across industrials, TMT, real estate and business services businesses in the United Kingdom and broader European market. Multi-strategy capital deployment enables flexibility across the business lifecycle, with the partnership culture supporting management teams through growth, transmission and selective M&A across multiple fund vintages and asset classes.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 2 fund vehicles, 6 active portfolio companies and 0 realised exits across the strategy's history.
Frequently asked questions
- What investment strategy does IP Group focus on?
- IP Group focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does IP Group have?
- IP Group has 28 active portfolio companies and 7 completed exits and 1 fund tracked on GP Intel.
- Where is IP Group headquartered?
- IP Group is headquartered in London, United Kingdom.
- What is IP Group's assets under management?
- IP Group manages approximately €1.1B in assets under management.
- When was IP Group founded?
- IP Group was founded in 2001.
- What sectors does IP Group invest in?
- IP Group invests across Healthcare, Industrials, TMT.
- What are IP Group's recent exits?
- Recent realized exits by IP Group include: Hinge Health (2025) to Vitruvian Partners, 53.0x; Intelligent Ultrasound (2025) to Surgical Science Sweden AB; Monolith (2025) to CoreWeave; Featurespace (2024) to Visa, 5.8x; Garrison Technology (2024) to Everfox; Zihpp (2023) to Metsera.
Similar firms
Other private equity firms tracked on GP Intel.