Skip to content
Home/GPs/IQ Capital Partners
IQ Capital Partners

IQ Capital Partners

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

IQ Capital Partners (FCA FRN 472896) is a Cambridge/London-based deep-tech VC firm founded in 2005, incorporated as an LLP (OC331235). 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 $40m. Portfolio exits include acquisitions by Oracle (Grapeshot), Meta (Bloomsbury AI), Qualcomm (Foundries.io), Informatica (Privitar), PERSUIT (Apperio) and Nordic Capital (BMLL). AUM exceeds $1B (approx EUR 920M). British Business Bank anchor LP across all seven funds.

AUM
€920M
Funds
6
vintages 2007–2023
Portfolio
22
Exits
6
SectorsTMTSoftwareHealthcareEnergy

Key facts

HQLondon, United Kingdom
Founded2005
Employees35+

Recent exits

Apperio
LegalTech · 2025 · 9yr hold
BMLL
Data & Analytics · 2025 · 11yr hold
Foundries.io
DevTools · 2024 · 3yr hold
Privitar
Cybersecurity · 2023 · 8yr hold

Coverage notes

6 funds tracked, 28 portfolio companies (22 active · 6 realized). Verified weekly from public filings and deal announcements.

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€184M1 active

Unrealized

1 held
NyoboltActive
Deep TechUK· Entry 2025
IQ Capital Fund IVVC
2022 · 4yr€184M7 active

Unrealized

7 held
Aerospace & DefenceGermany· Entry 2025
DaltonTxActive
BiotechUK· Entry 2025
IsembardActive
Aerospace & DefenceUK· Entry 2026
MindgardActive
CybersecurityUK· Entry 2023
Deep TechGermany· Entry 2023
SignaloidActive
Deep TechUK· Entry 2023
VsimActive
AI/MLUK· Entry 2024
IQ Capital Growth Opportunities FundGrowth
2019 · 7yr€115M1 active

Unrealized

1 held
Data & AnalyticsUK· Entry 2021
IQ Capital Fund IIIVC
2018 · 8yr€161M10 active · 1 realized

Unrealized

10 held
TelecomUK· Entry 2020
Deep TechUK· Entry 2021
CybersecurityUK· Entry 2019
IONATEActive
ClimateTechUK· Entry 2022
Deep TechUK· Entry 2019
NyoboltActive
Deep TechUK· Entry 2020
SaaSUK· Entry 2021
TrogenixActive
BiotechUK· Entry 2023
AgTechUK· Entry 2022
BiotechUK· Entry 2021

Realized

1 exit
Foundries.ioExited 2024
DevToolsUK· Entry 2021
Trade Saleto
IQ Capital Fund IIVC
2013 · 13yr€58M2 active · 3 realized

Unrealized

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

Realized

3 exits
ApperioExited 2025
LegalTechUK· Entry 2016
Trade Saleto
BMLLExited 2025
Data & AnalyticsUK· Entry 2014
Trade Saleto
PrivitarExited 2023
CybersecurityUK· Entry 2015
Trade Saleto
IQ Capital Fund IVC
2007 · 19yr€29M1 active · 2 realized

Unrealized

1 held
AI/MLUK· Entry 2017

Realized

2 exits
Bloomsbury AIExited 2018
AI/MLUK· Entry 2017
Trade Saleto
GrapeshotExited 2018
AdTechUK· Entry 2009
Trade Saleto
Track IQ Capital Partners

Saved GPs appear in your watchlist, one click from your workspace.

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
Last updated March 2026 · Sourced from public filings