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IQ Capital Partners

IQ Capital Partners

London, United Kingdom·Founded 2005··iqcapital.vc

IQ Capital Partners (FCA FRN 472896) is a Cambridge and London-based deep-tech VC firm founded in 2005 and incorporated as an LLP. The firm has backed 200+ European deep-tech founders across six fund cycles since 2007, investing at pre-seed to Series A with growth follow-on capacity up to USD 40m. Portfolio exits include acquisitions by Oracle (Grapeshot), Meta (Bloomsbury AI), Qualcomm (Foundries), Informatica (Privitar), PERSUIT (Apperio) and Nordic Capital (BMLL). AUM exceeds USD 1 billion. British Business Bank is an anchor LP across all seven funds.

AUM
€920M
Funds
6
vintages 2007–2023
Portfolio
45
Exits
14

Key facts

HQLondon, United Kingdom
Founded2005
Employees35+

Recent exits

Apperio
Apperio
LegalTech2025 · 9yr hold
BMLL
BMLL
Data & Analytics2025 · 11yr hold
Foundries.io
Foundries.io
DevTools2024 · 3yr hold
Privitar
Cybersecurity2023 · 8yr hold

Coverage notes

6 funds tracked, 59 portfolio companies (45 active · 14 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

59 companies
Deep Tech
12 · 20%
Biotech
9 · 15%
Cybersecurity
6 · 10%
AI/ML
6 · 10%
Aerospace & Defence
3 · 5%
HealthTech
3 · 5%
Data & Analytics
3 · 5%
MedTech
2 · 3%

Funds & portfolio

Every fund IQ Capital Partners has raised, with its portfolio companies. Hand-checked from public filings.

6 funds
IQ Capital Growth Fund IIGrowth
2023 · 3yr€184M2 active

Unrealized

2 held
Deep TechSwitzerland· Entry 2025
Nyobolt
NyoboltActive
Deep TechUK· Entry 2025
IQ Capital Fund IVVC
2022 · 4yr€184M19 active

Unrealized

19 held
MedTechUnited States· Entry 2022
Alpine EagleActive
Aerospace & DefenceGermany· Entry 2025
Boltzbit
BoltzbitActive
SoftwareUK· Entry 2022
DaltonTxActive
BiotechUK· Entry 2025
DreamFoldActive
BiotechCanada· Entry 2025
ImperagenActive
BiotechUK· Entry 2026
BiotechUK· Entry 2024
Isembard
IsembardActive
Aerospace & DefenceUK· Entry 2026
Mindgard
MindgardActive
CybersecurityUK· Entry 2023
MolyonActive
Deep TechUK· Entry 2024
Mytos
MytosActive
BiotechUK· Entry 2023
OmeggaActive
HealthTechGermany· Entry 2026
QuadSATActive
Aerospace & DefenceDenmark· Entry 2023
Deep TechGermany· Entry 2023
RevEng.AIActive
CybersecurityUnited States· Entry 2025
RivanActive
EnergyUK· Entry 2026
SecretariumActive
CybersecurityUK· Entry 2022
Signaloid
SignaloidActive
Deep TechUK· Entry 2023
Vsim
VsimActive
AI/MLUK· Entry 2024
IQ Capital Growth Opportunities FundGrowth
2019 · 7yr€115M1 active

Unrealized

1 held
Synthesized
SynthesizedActive
Data & AnalyticsUK· Entry 2021
IQ Capital Fund IIIVC
2018 · 8yr€161M20 active · 2 realized

Unrealized

20 held
AccelerCommActive
TelecomUK· Entry 2020
Baseimmune
BaseimmuneActive
BiotechUK· Entry 2021
Deep TechUK· Entry 2021
HealthTechUK· Entry 2021
CyberSmart
CyberSmartActive
CybersecurityUK· Entry 2019
CybSafe
CybSafeActive
CybersecurityUK· Entry 2021
Imandra
ImandraActive
SoftwareUK· Entry 2019
IONATE
IonateActive
ClimateTechUK· Entry 2022
NanoSyrinx
NanoSyrinxActive
BiotechUK· Entry 2021
Nu Quantum
Nu QuantumActive
Deep TechUK· Entry 2019
Nyobolt
NyoboltActive
Deep TechUK· Entry 2020
OptellumActive
HealthTechUK· Entry 2019
Opteran
OpteranActive
Deep TechUK· Entry 2020
Porotech
PorotechActive
Deep TechUK· Entry 2020
Risilience
RisilienceActive
SaaSUK· Entry 2021
Trogenix
TrogenixActive
BiotechUK· Entry 2023
AgTechUK· Entry 2022
TurinTech
TurinTechActive
AI/MLUK· Entry 2019
Virti
VirtiActive
EdTechUK· Entry 2021
BiotechUK· Entry 2021

Realized

2 exits
Audio AnalyticExited 2022
AI/MLUK· Entry 2019
Trade Saleto
Foundries.io
Foundries.ioExited 2024
DevToolsUK· Entry 2021
Trade Saleto
IQ Capital Fund IIVC
2013 · 13yr€58M2 active · 5 realized

Unrealized

2 held
Paragraf
ParagrafActive
Deep TechUK· Entry 2017
FintechUK· Entry 2016

Realized

5 exits
Apperio
ApperioExited 2025
LegalTechUK· Entry 2016
Trade Saleto
BMLL
BMLLExited 2025
Data & AnalyticsUK· Entry 2014
Trade Saleto
PrivitarExited 2023
CybersecurityUK· Entry 2015
Trade Saleto
SenseyeExited 2022
IndustrialsUK· Entry 2016
Trade Saleto
Spectral EdgeExited 2019
Deep TechUK· Entry 2016
Trade Saleto
IQ Capital Fund IVC
2007 · 19yr€29M1 active · 7 realized

Unrealized

1 held
Speechmatics
SpeechmaticsActive
AI/MLUK· Entry 2017

Realized

7 exits
Bloomsbury AIExited 2018
AI/MLUK· Entry 2017
Trade Saleto
GrapeshotExited 2018
AdTechUK· Entry 2009
Trade Saleto
NeulExited 2014
TelecomUK· Entry 2011
Trade Saleto
Phonetic ArtsExited 2010
AI/MLUK· Entry 2008
Trade Saleto
Power ChallengeExited 2012
GamingSweden· Entry 2010
Trade Saleto
RosslynExited 2014
Data & AnalyticsUK· Entry 2010
IPO
SirigenExited 2012
MedTechUK· Entry 2010
Trade Saleto
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About IQ Capital Partners

IQ Capital Partners is the UK's deepest deep-tech specialist venture capital firm with approximately $800 million (£630 million) of cumulative assets under management as of December 2024 across six funds (latest $400 million close in 2022 across Venture Fund V $200 million and Growth Fund II $200 million), headquartered in London with Cambridge presence. The firm was founded in 2005 and operates as a partner-owned FCA-authorised LLP with 20-year Cambridge ecosystem network heritage and 100 plus deep-tech founder backings including 1 unicorn (Thought Machine).

Investment thesis

IQ Capital deploys capital through six fund cycles (Venture Funds I-V plus Growth Fund I-II), targeting Pre-Seed through Series A venture capital with growth follow-on capacity up to $40 million via the Growth Fund. Sector focus spans intelligence and AI, energy, computation and quantum, biology and synbio, resilience and industrial innovation and frontier deep-tech themes. Geographic deployment is UK and European deep-tech anchored, drawing on the Cambridge ecosystem network. The 20-year Cambridge specialist heritage combines with platform infrastructure supporting 17 cumulative exits.

Recent activity

Recent realised exits include legal tech and SaaS (2025) plus prior-year exits across gaming and digital media and workflow software. Recent acquisitions include cybersecurity and AI reverse-engineering (June 2025), advanced manufacturing AI (recent) and quantum computing instrumentation (recent). The platform continues active deployment across the Venture and Growth fund vintages. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Max Bautin
Managing Partner · Deep tech, AI, advanced engineering
Ed Stacey
Managing Partner · Deep tech VC, disruptive innovation
Kerry Baldwin
Managing Partner · Deep tech commercialisation, spinouts
Simon Hirtzel
General Partner, COO · Operations, fund management
Jonno Evans
Partner · AI, robotics, energy, climate, cybersecurity

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Last updated March 2026 · Sourced from public filings · Report an issue