Fundraising Fox

IQ Capital

Venture capitaloperating company · company profile

London · Pre-Seed–Growth · 19 people tracked

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Investment thesis

IQ Capital focuses exclusively on deep tech, investing in European founders advancing areas such as artificial intelligence, energy, computation, and biology. The firm leads rounds from pre-Seed through Series A and can follow on with growth opportunity funds of up to $40m. Backing companies that disrupt industrial norms, IQ Capital supports technical founders as they iterate towards product-market fit and reach commercial inflection points. Since 2005 it has partnered with over 200 deep tech founders across six fund cycles, drawing on a dedicated deep tech network built over two decades. Several portfolio companies have been acquired by major technology firms including Apple, Meta, Google, Siemens, Qualcomm, and Oracle.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Growth
Check
$1M – $40M
HQ
London, MA, GB
Leads rounds
Leads
Instruments
Equity
Founded
2005
Last 12 months
4 investments
AUM
$476.3M
Tracked investments
75

Team · 19 people

from the firm's website & public directories
George Glatz· Principal𝕏
Catherine Knott· Executive Assistant/Operationsin
Céline Caraffa· Research Associate
Conor McCarthy· Head of Financein
Lucy Marston· Finance Analystin

What they invest in

from 58 of 75 portfolio companies

AI & Machine Learning ×33Deep Tech ×23Hardware ×15Enterprise Software ×13Biotech ×12SaaS ×10Healthtech ×8Cybersecurity ×7

HQs:United Kingdom×21United States×5Germany×2Denmark×1

Who they back

founder profiles across 17 portfolio companies
53%
solo founders
9 of 17 mapped founding teams

Founding team size:solo founder×92 founders×53 founders×24+ founders×1

Investments · 75 tracked

founders shown can be your intro path

By year:2026 · 22025 · 42024 · 12023 · 411 dated

Apperio Marketplace, SAASapperio.comin✓ verified

Apperio provides a legal spend management platform that connects to law firms' time and billing systems and uses generative AI to give in-house legal teams visibility into work before invoicing and to help law firms submit compliant invoices.

AI & Machine LearningEnterprise SoftwareFintechLegalTechSaaS

Nicholas d'Adhemar(Founder & CEO)

Co-investorsDraper EspritMolten VenturesNotion CapitalSalica InvestmentsWalking Ventures

Baseimmunebaseimmune.co.ukin𝕏✓ verified

Baseimmune develops active immunotherapies using computational design and protein engineering to create custom antigens aimed at chronic diseases.

BiotechDeep TechHealthtechLondon, GB

Joshua Blight(Founder)inPhillip Kemlo

Co-investorsHoxton VenturesCreator FundMSD Global Health Innovation Fund

Daltontxdaltontx.comin✓ verified

DaltonTx builds an AI-enabled cloud platform for drug discovery, covering the full lifecycle from data ingestion and model training to molecule generation and experiment prioritisation for both biologics and small molecules.

AI & Machine LearningBiotechHealthtech

Dr. Garry Pairaudeau(CEO and Co-Founder)Dr. Anthony Bradley(CSO and Co-Founder)Professor Charlotte Deane MBE(CAIO and Co-Founder)Adrian Rossall(CTO and Co-Founder)

Co-investorsredalpine

Quadsatquadsat.comin𝕏✓ verified

Quadsat develops modular radio-frequency sensing and electronic warfare payloads (such as SpectraLoc) that integrate into UAV platforms for RF signal detection and emitter geolocation, along with spectrum operations software.

Deep TechDefense TechHardwareSpace TechOdense, DK

Co-investorsJoin CapitalSeraphim SpaceExport and Investment Fund

Valarianvalarian.com✓ verified

Valarian builds ACRA, an infrastructure platform for organizations requiring high levels of control, privacy, and compliance in their digital environments.

Cloud ComputingCybersecurityEnterprise SoftwareLondon, GB

Max Buchan(Co-founder & CEO)inJosh McLaughlin(Co-founder & COO)

Co-investorsArtis VenturesMolten VenturesNew Enterprise Associates (NEA)Scout VenturesLightbankFounders Factory+5 more

Accelercommaccelercomm.com

UK developer of 5G physical layer and channel coding IP for satellite non-terrestrial networks, spun out of the University of Southampton.

Co-investorsBloc VenturesParkwalk Advisors

AI Buildai-build.comin𝕏

Aibuild develops parametric, data-driven software for large format additive manufacturing, helping organizations improve the efficiency of their 3D printing processes.

Advanced ManufacturingAI & Machine LearningRoboticsSaaSLondon, GB

Daghan(Co-founder)inMichail(Co-founder)in

Co-investorsACT Venture PartnersAI SeedFirst Imagine!SuperSeed

Aim Medical Roboticsaimmedicalrobotics.cominJun 2025

HealthtechWorcester, US

Gregory Fischer(Chief Executive Officer)inCraig Pierson(Director, Promoter)

BoardRobert Cathcart(Chairman)Samantha Surrey(Director)Jonathan Sackier(Director)

Alpine Eaglealpineeagle.comin

Alpine Eagle develops Sentinel, an airborne counter-UAS (c-UAS) system that integrates multi-sensor detection, fire control, and strike into a single networked platform for air-to-air defence against autonomous drone threats.

Defense TechHardwareRobotics

Co-investorsExpeditionsHCVCGeneral Catalyst

Boltzbitboltzbit.comin

Boltzbit builds General Learning Intelligence (GLI), an AI system that users can train, own, and control using their own data rather than relying on pre-trained vendor models.

AI & Machine LearningEnterprise SoftwareFintechLondon, GB

Dr. Yichuan Zhang(Founder)in

Co-investorsSpeedinvest

Cambridge GaN Devicescamgandevices.comin𝕏

Cambridge GaN Devices (CGD) designs ICeGaN gallium nitride power transistors that integrate temperature control and gate reliability features and can be driven by standard silicon gate drivers.

Deep TechHardwareSemiconductors

Fabio Necco(CEO)

Co-investorsCambridge Innovation CapitalEMV CapitalMartlet CapitalBritish Patient Capital

Causalenscausalens.comin𝕏

causaLens builds "Digital Knowledge Workers" — multi-agentic AI systems that automate repetitive enterprise knowledge workflows using causal reasoning, human-in-the-loop controls, and monitoring.

AI & Machine LearningEnterprise SoftwareSaaS

Darko Matovski, PhD(Founder)in

Co-investors3Comma CapitalAI SeedBridford Investments (Bridford Group)Molten VenturesStart CapitalAFG Partners

Closed Loop Medicine
Closedloopmedicineclosedloopmedicine.com

Morchella Medical develops and licenses intellectual property, dosing models and software for optimized, automated drug dosing, including PK/PD and machine-learning models for therapies such as GLP-1 treatments.

AI & Machine LearningBiotechDigital Health

Co-investorsAnanda Impact Ventures

Concirrusconcirrus.aiin

Concirrus offers Inspire, an AI-native underwriting platform that ingests and structures insurance submissions automatically, surfaces risk signals, and tracks portfolio exposure to help underwriters quote faster.

AI & Machine LearningInsurTechSaaS

Andrew Yeoman

Co-investorsAlbionVCCommerzVenturesEos Venture Partners Limited

CyberSmart

Co-investorsEos Venture Partners Limited

Cybsafecybsafe.comin

CybSafe hosts IMPACT, an annual research-focused event examining human factors in cybersecurity.

AI & Machine LearningCybersecurityEnterprise Software

Co-investorsEmerald Development ManagersEvolution Equity Partners

Dreamfolddreamfold.aiin𝕏

Dreamfold engineers proteins as therapeutic medicines, using generative AI models that reason over protein sequence and structure to enable potent, localized immune modulation with minimal off-target effects.

AI & Machine LearningBiotechMedical Devices

Co-investorsOpenOceanPanache Ventures

Flinkflink.soin

Flink Robotics develops physical AI systems that combine machine learning, perception, and motion control to build robots for real-world physical tasks.

AI & Machine LearningDeep TechHardwareLogistics & Supply ChainRobotics

Stelian CorosinMoritz Geilinger(Business Development & Motion Planning Lead)in

Co-investorsBtomorrow VenturesSpeedinvest

Fnafna.fiin

FNA builds AI-powered network analytics and simulation infrastructure that lets central banks, systemically important banks, and financial market infrastructures manage liquidity, monitor systemic risk, and detect financial crime.

AI & Machine LearningCybersecurityFintech

Dr Kimmo Soramäki(Founder & CEO)

FocalPoint
FocalPoint Positioning - companyfocalpointpositioning.comin𝕏

FocalPoint develops S-GNSS and Supercorrelation software that improves the accuracy and reliability of standard GNSS receivers using physics and machine learning, without additional hardware.

AI & Machine LearningDeep TechMobility & Transportation

Co-investorsCambridge Angels groupEMV CapitalMartlet CapitalMolten Ventures

Gravis Roboticsgravisrobotics.comin𝕏

Gravis Robotics develops autonomous retrofits for construction machinery, enabling equipment to operate with augmented autonomy for improved safety and productivity on job sites.

Construction TechHardwareRobotics

Co-investorsArmada Investment AGSunna VenturesZacua Ventures

Imandraimandra.aiin𝕏

Imandra builds CodeLogician, a neurosymbolic AI tool that translates source code into formal mathematical models to prove code properties, find bugs, and generate test cases.

AI & Machine LearningDeep TechDeveloper ToolsFintechAustin, US

Grant Passmore(Cofounder & Co-CEO)inDenis Ignatovich(Cofounder & Co-CEO)inKrishna Srinivasan(Director)

BoardEd Stacey(Director)in

Co-investorsAlbionVCAnthemis VentureGreen Visor CapitalLiveOak Venture Partners

Imperagenimperagen.com

Co-investorsNorthern Gritstone

Imu Biosciencesimubiosciences.cominJun 2026

IMU Biosciences uses a multi-omic platform to measure over 100 million immune data points from a single blood sample, resolving 2,500 immune cell subsets to build a large-scale immune dataset.

AI & Machine LearningBiotechHealthtechLondon, GB

Thomas Hayday PhD(Co-founder & Chief Research Officer)Adam Laing PhD(Co-founder & Chief Scientific Officer)Mario Cantero MBA(Co-founder & Chief Operating Officer)Adam Laing(Founder)inJohn Baker PhD(Chief Executive Officer)

Co-investorsExpaMolten Ventures

IONATEionate.energyinFeb 2025 · $17M

IONATE develops smart transformer hardware and AI coordination software for power systems and grids, designed to modernize electricity infrastructure for data centers and grid applications.

AI & Machine LearningEnergyHardwareLondon, GB

Luca(CGO)inAdhikari Ajanta(Executive Officer, Director)

Co-investorsAlbionVCGlobal BrainZero Carbon CapitalAntares Ventures Pte. Ltd.

Isembardisembard.comin𝕏

Isembard builds software and operates a network of distributed precision factories to accelerate manufacturing from prototype to factory-scale production.

Advanced ManufacturingAI & Machine LearningDeep TechEnterprise SoftwareLondon, GB

Alexander Fitzgerald(CEO)

Co-investorsNotion CapitalTamarack GlobalUnion Square Ventures (USV)CIV

Link to CyberSmart's websitecybersmart.co.ukin𝕏

CyberSmart provides an all-in-one cybersecurity platform for SMEs, offering device monitoring, vulnerability scanning, security awareness training, compliance management (including Cyber Essentials certification and GDPR tools), patch management, and cyber insurance.

CybersecurityInsurTechSaaS

Co-investorsCambridge Angels groupKickstart InnovationOxx

Mindgardmindgard.aiinSep 2023

Mindgard provides AI security solutions that help enterprises identify, assess, and mitigate threats across AI models, agents, and applications throughout the AI lifecycle.

AI & Machine LearningCybersecurityEnterprise SoftwareBoston, US

Dr. Peter GarraghaninJames Brear(CEO)inAaron Portnoy(Head of Research)inRich Smith(Offensive Security Lead)in

Co-investors.406 VenturesAtlantic Bridge VenturesOsney CapitalAlbum VCKarma VenturesLakestar

Molyonmolyon.com

Molyon develops next-generation lithium-sulfur battery technology.

EnergyHardwareNew MaterialsCambridge, GB

Mqubemqube.comin

Co-investorsAV8 Ventures

Myrtle
Myrtle.ai - companymyrtle.aiin𝕏

Myrtle.ai develops low latency AI inference products, including its VOLLO inference accelerator, that run machine learning models in microseconds.

AI & Machine LearningFintechHardware

Co-investorsEMV CapitalMartlet CapitalNew Science Ventures

Mytosmytos.bioin𝕏Sep 2023 · $19M

Mytos develops automated manufacturing technology for regenerative medicines, specifically targeting the production of stem cell-derived therapies to make treatments for conditions like Parkinson's, blindness, and spinal cord injury accessible and affordable to patients.

Advanced ManufacturingBiotechDeep TechHardwareHealthtechMedical DevicesRoboticsLondon, GB

Ali Afshar(Founder/CEO)inIgnacio Willats(Founder)in

Co-investorsY CombinatorAcequia Capital (AceCap)Artis VenturesDeep Science VenturesEmles Venture PartnersKinled Holding+4 more

NanoSyrinx

Co-investorsM Ventures

NanoSyrinx Seednanosyrinx.com

NanoSyrinx is a synthetic biology company engineering bacterial nanomachines ("Nanosyringes") into a therapeutic platform for targeted intracellular delivery of biologic drugs, aiming to reach previously undruggable intracellular targets.

BiotechDeep TechCoventry, GB

Thomas J. Farrell(CEO)

Co-investorsFuture Planet CapitalM Ventures

Neurovalensneurovalens.comin𝕏

Co-investorsClarendon Fund Managers Ltd.

NU Quantum - companynu-quantum.com

Nu Quantum develops quantum networking solutions to enable commercial quantum computer scaling.

Deep TechHardwareQuantum ComputingCambridge, GB

Dr. Carmen Palacios-Berraquero(Founder and CEO)Carmen Palacios-Berraquero(Founder)in

Co-investors7percent VenturesAhren Innovation CapitalAmadeus Capital PartnersEMV CapitalExpeditionsMartlet Capital+4 more

Nyoboltnyobolt.comin𝕏

Nyobolt develops high-power lithium-ion batteries with ultra-fast charging based on niobium tungsten oxide anode materials, delivered as integrated energy storage systems.

AI & Machine LearningCleantechDeep TechEnergyHardwareCambridge, GB

Clare Grey(Chief Scientist & Co-founder)Sai Shivareddy(CEO & Co-founder)Brian Barnett(Chief Technical Officer)inRamesh Narasimhan(EVP, CCO and CFO)in

Omeggaomegga.comin

Omegga is developing a non-invasive, optical, machine-learning-based method for early in-ovo sex detection of chicken embryos, allowing egg-laying farms to avoid male chick culling.

AgTechAI & Machine LearningFoodTech

Co-investorsCapnamic

Optellumoptellum.com

Co-investorsBlack Opal VenturesIntuitive Ventures

Opteranopteran.com

Opteran develops autonomy software for robots and machines by reverse-engineering neural algorithms from insect brains, using computational neuroscience rather than deep learning.

AI & Machine LearningDeep TechRoboticsLondon, GB

James Marshall(Founder & Science Officer)Alex Cope(Co-founder & CTO)David Rajan(CEO & Co-founder)

Co-investorsEpisode1Northern Gritstone

Oss
Oxford Space Systems - companyoxford.space

Oxford Space Systems designs and manufactures deployable antennas for satellites, focused on reducing mass and improving stowage efficiency and performance.

Deep TechHardwareSpace TechHarwell, GB

Sean Sutcliffein

Co-investorsCambridge Angels groupEMV CapitalFuture Planet CapitalLongwall Venture Partners LLPMartlet CapitalOxford Investment Opportunity Network+4 more

Pangaeadatapangaeadata.aiin𝕏

Pangaea Data offers PALLUX, an AI platform configured on clinical guidelines that analyzes existing patient records to identify untreated, under-treated, and undiagnosed patients across conditions such as COPD, CKD, cancer cachexia, and lung cancer.

AI & Machine LearningDigital HealthHealthtech

Co-investorsSalica Investments

Paragraf - companyparagraf.comin𝕏Apr 2023

Paragraf develops graphene-based electronic devices, including molecular sensors (electrolyte-gated field-effect transistors) for biosensing and chemical sensing, and Hall effect sensors for current, position, and magnetic field measurement at cryogenic temperatures.

Deep TechNew MaterialsSemiconductorsCambridgeshire

Simon Thomas(Chief Executive Officer of the issuer.)

Co-investorsAmadeus Capital PartnersBlack Opal VenturesCambridge Angels groupEMV CapitalIn-Q-TelMartlet Capital+4 more

Picturapictura.bioin

Pictura Bio develops a point-of-care diagnostics platform called VISTA that delivers laboratory-quality infectious disease test results in about a minute, aimed at frontline healthcare professionals in settings such as emergency departments.

BiotechDigital HealthMedical Devices

Co-investorsAhren Innovation Capital

Pictura Bio
Porotechporotech.co.ukin𝕏

Porotech develops MicroLED display technology, supplying components and technology consultancy to help partners manufacture microLED displays.

Deep TechHardwareSemiconductors

Co-investorsCambridge Angels groupMartlet Capital

Porotech - companyporotech.comin𝕏

Porotech develops MicroLED display technology, offering components and technology consultancy through partnerships and R&D.

Deep TechHardwareSemiconductors

Co-investorsEMV Capital

Quantum Diamondsquantumdiamonds.dein

QuantumDiamonds develops quantum sensing systems for non-destructive semiconductor defect inspection and failure analysis, using magnetic current imaging with diamond-based sensors to localize faults such as shorts, opens and leakages in chips.

Deep TechQuantum ComputingSemiconductorsMunich, DE

Co-investorsEarlybird Venture CapitalOnsight VenturesWorld FundFirst Momentum

RevEngreveng.ai

RevEng.AI builds a verification platform for software supply chain integrity using AI models trained on binary analysis to identify vulnerabilities, malware, and security threats in released software in production.

AI & Machine LearningCybersecurityDeveloper Tools

James Patrick-Evans(CEO and Founder)

Co-investorsEpisode1Osney Capital

Risiliencerisilience.comin

Risilience operates a SaaS platform that quantifies and helps manage the financial implications of climate- and nature-related risks for global enterprises.

AI & Machine LearningClimate TechEnterprise SoftwareSaaSCambridge, GB

Dr Andrew Coburn(Chairman & Founding Member)Professor Danny Ralph(Senior Advisor & Founder Member)Simon Ruffle(CIO & Founder)Angela Brown(CEO)Duncan Powell(CFO)

Co-investorsNational Grid Partners

Rivan
Secretarium
Senseyesenseye.io

Senseye provides a predictive maintenance platform that uses industrial AI and domain knowledge to help maintenance teams assess asset health, anticipate failure risk, and prioritize actions across sites.

Advanced ManufacturingAI & Machine LearningBiotechSaaSAustin, US

David Zakariaie(Executive Officer, Director)

BoardGordon Daugherty(Director)inBrett Sandstrom(Director)Paul Santos(Director)in

Co-investorsMMC VenturesMomenta VenturesSony Ventures CorporationCapital FactoryWavemaker Partners

Signaloid - companysignaloid.comin

Signaloid develops UxHw technology, a compute platform that propagates uncertainty by evaluating a distribution of inputs in a single program execution to produce distribution-based results.

AI & Machine LearningDeep TechHardwareSemiconductors

Phillip(Founder, CEO/CTO)

Co-investorsCambridge Angels groupEMV CapitalMartlet CapitalType One Ventures

Speechmaticsspeechmatics.comin𝕏

Speechmatics provides speech recognition and transcription technology for developers and enterprises, supporting real-time captioning, voice AI agents, and on-device transcription across more than 20 languages.

AI & Machine LearningDeep TechEnterprise Software

Co-investorsAlbionVCIn-Q-TelSusquehanna Growth Equity

Synthesized Acquiredsynthesized.ioin𝕏Sep 2025 · $20M

Synthesized creates governed, production-realistic test data from sensitive enterprise systems for software validation, migrations, and AI-agent testing.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsExpeditionsFounders FactoryFounders Factory NYIA Seed VenturesMundi VenturesDeutsche Bank+3 more

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has IQ Capital made?
IQ Capital has 38 tracked investments, including 3 dated in the last 24 months.
What stage does IQ Capital invest at?
IQ Capital invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
What is IQ Capital's typical check size?
IQ Capital typically writes checks of $1M – $40M.
What sectors does IQ Capital focus on?
IQ Capital focuses on AI & Machine Learning, Biotech, Cybersecurity, Deep Tech, Energy, Enterprise Software, Hardware, Robotics.
Where is IQ Capital located?
IQ Capital is headquartered in London, GB.
Does IQ Capital lead rounds?
Yes, IQ Capital leads investment rounds.
Who does IQ Capital co-invest with?
IQ Capital most often shares deals with Martlet Capital, EMV Capital, Cambridge Angels group, among 53 tracked co-investors.

From the blog

visit blog ↗

IQ Capital recently published founder spotlights for Nuclear Turbines, which develops compact nuclear systems using gas turbine technology to reduce costs, and QuantumDiamonds, which applies quantum sensors to semiconductor manufacturing inspection. The firm also announced Nuclear Turbines' £15 million seed round to advance reactor design and fuel manufacturing capabilities. AI summary

Media · Podcasts & interviews

featuring the team

Investing in DeepTech & why the Cambridge ecosystem is so unique with Max Bautin, GP at IQ Capital

The European VC · Max Bautin

IoT Venture Capital Investor's Perspective: Max Bautin, IQ Capital

creativeindustriesuk · Max Bautin

Images

IQ Capital photoIQ Capital photoIQ Capital photoIQ Capital photoIQ Capital photoIQ Capital photo

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