As the UK and Europe continue to set the pace in creating technology that will have a long-lasting global impact, deep technology will play a crucial role.
The deep tech venture capital firm IQ Capital, based in London, has announced the final close of its fourth Venture Fund (Fund IV), raising its assets under management to over $1 billion. In the meantime, it also unveiled its second $200 million Growth Fund, which was created primarily to support its portfolios of profitable ventures.
As the UK and Europe continue to set the pace in creating technology that will have a long-lasting global impact, deep technology will play a crucial role.
At a time when deep tech investment is on investors’ minds and is expected to reach $17 billion in 2022, Capital supports IP-rich technologies with the potential to dominate sizable global markets. Kerry Baldwin is the co-founder and managing partner of IQ Capital.
The general partners of IQ Capital, Kerry Baldwin, Max Bautin, and Ed Stacey, have been working together for more than 20 years. IQ Capital’s investments include Thought Machine, a scale-up in speech recognition technology that they backed from seed, Nyobolt, and ultra-fast charging battery technology.
Global institutions, funds-of-funds, family offices, corporations, and tech entrepreneurs—including a number who had previously received funding from IQ Capital—as well as British Patient Capital are among the investors in Fund IV.
“Deep technology can have a transformative impact on society, achieving essential advancements in all aspects of life and assisting in the solution of some of the most pressing issues facing mankind, as demonstrated by the numerous examples that have been seen around the world.”
The advancements in “novel AI” models, new energy and climate, robotics and space technology, quantum computing, and synthetic biology all show what a significant opportunity deep technology now presents, according to Max Bautin, co-founder, managing partner, IQ Capital, and board member of Invest Europe.
IQ Capital has been a key component of Thought Machine’s success, contributing $2.5 million at the seed stage and continuing to support them as they went global.
They have unparalleled experience in the development and commercialization of deep technology and support founders in both good and bad times. IQ Capital is a partner in their journey.