London · Pre-Seed–Growth · 19 people tracked
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.
Team · 19 people
from the firm's website & public directoriesWhat they invest in
from 58 of 75 portfolio companiesAI & 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 companiesFounding team size:solo founder×92 founders×53 founders×24+ founders×1
Investments · 75 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 42024 · 12023 · 411 dated
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
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
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
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
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
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
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
HealthtechWorcester, US
Gregory Fischer(Chief Executive Officer)inCraig Pierson(Director, Promoter)
BoardRobert Cathcart(Chairman)Samantha Surrey(Director)Jonathan Sackier(Director)
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
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 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
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
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
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
Co-investorsEos Venture Partners Limited
CybSafe hosts IMPACT, an annual research-focused event examining human factors in cybersecurity.
AI & Machine LearningCybersecurityEnterprise Software
Co-investorsEmerald Development ManagersEvolution Equity Partners
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
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
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 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 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
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)
Co-investorsAlbionVCAnthemis VentureGreen Visor CapitalLiveOak Venture Partners
Co-investorsNorthern Gritstone
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
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.
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
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
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
Molyon develops next-generation lithium-sulfur battery technology.
EnergyHardwareNew MaterialsCambridge, GB
Co-investorsAV8 Ventures
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
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
Co-investorsM Ventures
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
Co-investorsClarendon Fund Managers Ltd.
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
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
Co-investorsBlack Opal VenturesIntuitive Ventures
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
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
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 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
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
Porotech develops MicroLED display technology, supplying components and technology consultancy to help partners manufacture microLED displays.
Deep TechHardwareSemiconductors
Co-investorsCambridge Angels groupMartlet Capital
Porotech develops MicroLED display technology, offering components and technology consultancy through partnerships and R&D.
Deep TechHardwareSemiconductors
Co-investorsEMV Capital
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
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
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
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 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
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 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
Tagomics is focused on organ health, though the available page content does not provide enough detail about its products, technology, or business model.
BiotechMedical Devices
Co-investorsIllumina VenturesCalculusCalculus Capital Ltd.MEIF Proof-of-Concept & Early Stage FundMercia VenturesOMX Ventures+1 more
Those Beyond builds immersive, social games and experiences for entertainment fandoms, deployed directly inside platforms like Reddit, Discord, Twitch, and Snapchat.
GamingMedia & EntertainmentSocial
Co-investorsAcurio VenturesBackedPlayfair Capital
Thought Machine builds the Vault platform, core banking software that lets banks build and run financial products and payment schemes.
Enterprise SoftwareFintechSaaSLondon, GB
Paul Taylor(Founder & CEO)
Co-investorsLloyds Banking GroupAir Street CapitalBackedCambridge Angels groupKarma VenturesMolten Ventures+6 more
ToffeeX provides cloud-native generative design software that optimizes mechanical components for cooling, manufacturing, and performance using physics-driven algorithms.
Advanced ManufacturingAI & Machine LearningDeveloper Tools
Francesco Montomoli(Founder)in
Co-investorsPresidio VenturesType One Ventures
ToffeeX develops physics-driven generative design software for engineers to create optimized designs for thermal and fluid components such as heat sinks, cold plates, manifolds, and cooling systems.
Advanced ManufacturingAI & Machine LearningCloud ComputingDeep TechSaaSLondon, GB
Marco Pietropaoli(CEO)inFrancesco Montomoli(Cofounder)in
Co-investorsEntrepreneur FirstExcellis Holding
Tolerance is a compliance platform that runs continuous automated checks against the NIST 800-171 standard and collects assessor-ready evidence for teams handling Controlled Unclassified Information (CUI).
CybersecurityGovTechSaaS
Co-investorsDorm RoomAmadeus Capital PartnersBen Franklin Technology PartnersBioAdvanceColumbus Venture PartnersCriteria Bio Ventures+4 more
Trogenix develops precision gene therapies for cancer using its Odysseus platform and Synthetic Super-Enhancer (SSE) technology, engineered DNA elements activated only in diseased cell states to selectively target and kill tumour cells while activating the immune system.
BiotechDeep TechHealthtech
Co-investorsAIN Ventures
Turbine provides financing that lets venture capital firms and their limited partners borrow against fund positions and carried interest instead of selling them, giving GPs and LPs access to liquidity while retaining ownership.
Fintech
Co-investorsAlpha EdisonTTV CapitalB Capital GroupB4 CapitalEvolution VenturesTemerity Capital Partners+5 more
Co-investorsType One Ventures
TurinTech builds AI optimization platforms, including evoML for automated machine learning model creation and Artemis for software engineers, powered by its proprietary Intelligence Engine that combines genetic algorithms, machine learning, agentic systems, and LLMs.
AI & Machine LearningDeveloper ToolsEnterprise Software
Co-investorsOxfordType One Ventures
Vsim builds simulation technology and software for robotics, letting AI agents learn to solve complex tasks in accurately simulated worlds much faster than before.
AI & Machine LearningDeep TechRoboticsManchester, GB
Kier Storey(Founder)Michelle Lu(Founder)
Co-investorsRLC VenturesSamsung Next
Virti builds an AI-powered immersive learning platform using VR, AR, interactive video, and virtual humans to deliver workplace training and skills development for organizations.
AI & Machine LearningEdTechEnterprise SoftwareFuture of Work
Alexander Young(Founder)Kurt Kratchman(CEO)inNils Hellberg(CTO)in
Wobble Genomics operates an RNA sequencing platform that captures full-length RNA transcripts to identify long RNA biomarkers and novel isoforms for precision medicine.
BiotechDeep TechDigital HealthHealthtechMedical DevicesEdinburgh
Richard Izen Kuo(Executive Officer, Director)Joanna Smart(Director)Lee James Lindley(Director)John Harris Leamon(Director)Trevor John Nicholls(Director)John Robert Fraser Duncan(Director)
Co-investorsEos Advisory
Portfolio news
latest coverage across their companiesMindgard · eu-startups.com · Aug 13, 2026
Tolerance · medscape.com · Aug 10, 2026
Turbine · prnewswire.com · Aug 4, 2026
Valarian · entrepreneur.economictimes.indiatimes.com · Jul 14, 2026
Thought Machine · thesaasnews.com · Jul 8, 2026
Imu Biosciences · pulse2.com · Jun 3, 2026
Nyobolt · mercomcapital.com · May 13, 2026
Omegga · munich-startup.de · Apr 24, 2026
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 teamInvesting 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
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