UK-based deep tech VC, IQ Capital, has launched its fourth Venture Fund, which is worth $200m, bringing its assets under management to over $1bn. The firm, which has invested in over 100 start-ups, has also launched a second $200m Growth Fund to provide later-stage funding. Investors in Fund IV include family offices and British Patient Capital. Co-founder, Managing Partner Kerry Baldwin, said deep tech investment topped $17bn this year and added that Europe has “exceptional” Generative AI talent.
💰 IQ Capital has launched its fourth Venture Fund, an amount worth $200m, which will enable it to invest in more funding stages.
💼 IQ Capital has invested in over 100 deep tech start-ups, with exits to Oracle, Google, Apple and Facebook, along with several IPOs.
👥 Fund IV investors include global institutions, funds-of-funds, family offices and British Patient Capital.
💡 Kerry Baldwin, co-founder, Managing Partner of IQ Capital, believes Europe has “exceptional” talent in Generative AI.
🎓 Baldwin said it will be interesting to see the results of the UK Government review on how university spinouts are hampered by their Alma Maters, which is due to be released in September.