What investment strategy does Qubis focus on?

Qubis focuses on VC strategies in the private equity space.

How many portfolio companies does Qubis have?

Qubis has 45 active portfolio companies and 10 completed exits and 1 fund tracked on GP Intel.

Where is Qubis headquartered?

Qubis is headquartered in Belfast, United Kingdom.

What is Qubis's assets under management?

Qubis manages approximately €193M in assets under management.

What sectors does Qubis invest in?

Qubis invests across Healthcare, TMT, Software, Industrials, Energy.

What are Qubis's recent exits?

Recent realized exits by Qubis include: Titan IC Systems Ltd (2020) to Mellanox Technologies; PathXL Ltd (2016) to Philips; Trucorp Ltd (2016) to Cordovan Capital Partners; Lagan Technologies Ltd (2010) to Kana Software; Meridio Ltd (2007) to Autonomy; Avalon Instruments Ltd (2006) to PerkinElmer; Amphion Semiconductor Ltd (2004) to Conexant.

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Qubis

Belfast, United Kingdom·Founded 1984·

Venture Capital

·qubis.co.uk

QUBIS Ltd is the technology-transfer and spin-out investment company of Queen's University Belfast, wholly owned by the University and incorporated in 1984. From its Belfast base it takes direct equity stakes in university spin-outs across life sciences, digital, engineering, environmental and scientific technology, and has helped create more than 100 companies. Not FCA-authorised as an AIFM, it invests as a balance-sheet evergreen holder and reported net assets of GBP 165.1m in its 2024 accounts.

AUM

€193M

Funds

vintages 1984

Portfolio

Exits

Qubis is a Belfast venture capital firm with €193M AUM, 45 active companies and 10 exits.

SectorsHealthcare TMT Software Industrials Energy

Key takeaways

·Average hold across 10 realized deals: 13 years.
·Top sector focus: Biotech (31% of portfolio).

Sector breakdown

55 companies

Biotech

17 · 31%

Industrials

8 · 15%

HealthTech

7 · 13%

ClimateTech

4 · 7%

MedTech

3 · 5%

AI/ML

2 · 4%

TMT

2 · 4%

Data & Analytics

2 · 4%

Geography breakdown

3 geographies

53 · 96%

Belfast, Northern Ireland, UK

1 · 2%

Derry/Londonderry, Northern Ireland, United Kingdom

1 · 2%

Key facts

HQBelfast, United Kingdom

Founded1984

Employees7+

Websitequbis.co.uk

Recent exits

Qubis sold Titan IC Systems Ltd to Mellanox Technologies in 2020 after 12 years.

Qubis took Fusion Antibodies Plc public in 2017 after 15 years.

Qubis sold PathXL Ltd to Philips in 2016 after 9 years.

Qubis sold Trucorp Ltd to Cordovan Capital Partners in 2016 after 14 years.

Coverage notes

1 fund tracked, 55 portfolio companies (45 active · 10 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

QUBIS Ltd

Evergreen1984€193M45 assets10 exits

Evergreen

1984 · 42yr

€193M

Unrealized

45 held

Company	Entry
Acksen Ltd Industrials · UK	1995
Adoreboard Ltd AI/ML · UK	2013
Aflo Respiratory Analytics Ltd HealthTech · UK	2019
Ailsebio Biotech · UK	2021
Almac Diagnostic Services Ltd HealthTech · UK	2004
Amply Discovery Ltd Biotech · UK	2021
Analytics Engines Ltd Data & Analytics · UK	2009
AntennaWare TMT · Belfast, Northern Ireland, UK	2020
Aramune Technologies Ltd Biotech · UK	2021
Bia Analytical Ltd Data & Analytics · UK	2019
Biocolor Ltd Biotech · UK	1993
Birota Business Services · UK	2024
BTXA Nanotherapy Ltd Biotech · UK	2022
Cardinal Analytics Fintech · UK	2023
Catagen Ltd ClimateTech · UK	2013
Causeway Sensors Ltd HealthTech · UK	2014
Cirdan Imaging Ltd HealthTech · UK	2012
CV6 Therapeutics (NI) Ltd Biotech · UK	2019
Dia Beta Labs Biotech · UK	2022
Embedded Monitoring Systems Industrials · UK	2005
Eventmap Ltd SaaS · UK	2002
FjordStrong Industrials · UK	2019
GeneratR Biotech · UK	2022
Gran Lab Ltd Biotech · UK	2024
Green Lizard Technologies Ltd ClimateTech · UK	2015
InnovaScope MedTech · UK	2025
LoyalBe Fintech · UK	2025
Marenco Environmental Consultants Business Services · UK	1987
Medinect Bioservices Ltd Biotech · UK	2022
Nuada ClimateTech · UK	2013
Porous Liquid Technologies Ltd ClimateTech · UK	2019
Rapid-Myco Technologies HealthTech · UK	2021
Re-Vana Therapeutics Ltd Biotech · UK	2016
ReNewVax Biotech · UK	2025
ReproGo HealthTech · UK	2020
Respiratory Analytics Ltd (aflo) MedTech · Derry/Londonderry, Northern Ireland, United Kingdom	2026
Retinize Deep Tech · UK	2025
Sengenia Ltd Industrials · UK	2008
Sensalience Industrials · UK	2023
SignaCor Biotech · UK	2024
Sonrai Analytics AI/ML · UK	2018
StimOxyGen Biotech · UK	2025
Tactility Factory Industrials · UK	2011
Univ8 Genomics Biotech · UK	2019
VascVersa Ltd Biotech · UK	2019

Realized

10 exits

Company	Entry	Exit	Type	Buyer	MOIC
Amphion Semiconductor Ltd TMT · UK	1990	2004	Trade Sale	Conexant	–
Andor Technology Industrials · UK	1990	2004	IPO	–	–
Avalon Instruments Ltd Industrials · UK	2001	2006	Trade Sale	PerkinElmer	–
Fusion Antibodies Plc Biotech · UK	2002	2017	IPO	–	–
Kainos Group Plc IT Services · UK	1987	2015	IPO	–	–
Lagan Technologies Ltd Software · UK	1996	2010	Trade Sale	Kana Software	–
Meridio Ltd Software · UK	2001	2007	Trade Sale	Autonomy	–
PathXL Ltd HealthTech · UK	2007	2016	Trade Sale	Philips	–
Titan IC Systems Ltd Cybersecurity · UK	2008	2020	Trade Sale	Mellanox Technologies	–
Trucorp Ltd MedTech · UK	2002	2016	Trade Sale	Cordovan Capital Partners	–

About Qubis

Qubis is a British private equity and investment platform with capital deployed across 2 active fund vehicles, headquartered in London. The firm operates across multiple alternative strategies, with capital deployed into European businesses across TMT, healthcare, software, industrials, business services and consumer.

Investment thesis

Qubis operates across complementary alternative investment strategies, deploying capital into European businesses across TMT, healthcare, software, industrials, business services and consumer. The multi-strategy platform enables diversified capital deployment across the business lifecycle from venture and growth equity to mid-cap buyouts, with capital sourced from institutional limited partners and selective family-office capital across the United Kingdom and broader European market.

Recent activity

Recent realised exits include Meridio Ltd (TMT, 2021) and Tactility Factory (TMT, 2017). The platform tracks 2 fund vehicles, 104 active portfolio companies and 2 realised exits across the strategy's history.

Frequently asked questions

What investment strategy does Qubis focus on?: Qubis focuses on VC strategies in the private equity space.
How many portfolio companies does Qubis have?: Qubis has 45 active portfolio companies and 10 completed exits and 1 fund tracked on GP Intel.
Where is Qubis headquartered?: Qubis is headquartered in Belfast, United Kingdom.
What is Qubis's assets under management?: Qubis manages approximately €193M in assets under management.
When was Qubis founded?: Qubis was founded in 1984.
What sectors does Qubis invest in?: Qubis invests across Healthcare, TMT, Software, Industrials, Energy.
What are Qubis's recent exits?: Recent realized exits by Qubis include: Titan IC Systems Ltd (2020) to Mellanox Technologies; PathXL Ltd (2016) to Philips; Trucorp Ltd (2016) to Cordovan Capital Partners; Lagan Technologies Ltd (2010) to Kana Software; Meridio Ltd (2007) to Autonomy; Avalon Instruments Ltd (2006) to PerkinElmer; Amphion Semiconductor Ltd (2004) to Conexant.