[ad_1]
IQ Capital Launches New $200m Venture Fund for European Deeptech Startups
IQ Capital, a UK-based venture capital firm specializing in investing in deep tech startups, has launched its fourth venture fund worth $200 million. The firm, which was founded in 2007, has already invested in over 100 deep tech startups across industries such as banking, battery charging, and speech recognition. The launch of the new fund takes its assets under management over $1 billion. Additionally, the firm has also announced a second $200m Growth Fund to provide later-stage funding, primarily in its venture portfolio.
Investors in Fund IV
Global institutions, funds-of-funds, family offices, and British Patient Capital, the largest LP investing in UK venture capital, are among the investors in Fund IV.
Kerry Baldwin on Raising Fund IV
Kerry Baldwin, co-founder, Managing Partner of IQ Capital, said that while it was challenging to raise funds in the current market environment, the firm is doing something different by investing solely in deep tech. The firm seeks to invest in startups all the way through like it has done with Thought Machine and Speechmatics.
IQ Capital’s Stand on Generative AI
Asked if Europe is going to be able to compete with the major Big Tech platforms on Generative AI front, Kerry Baldwin, the firm’s co-founder, stated that Europe has exceptional talent, but Generative AI has got a long way to go and is yet to solve real-world problems.
Criticisms of How University Spinouts Are Hampered By Their Alma Maters
Responding to concerns over university spinouts being hampered by their Alma Maters, Kerry Baldwin pointed out that Cambridge University has been different in this regard, given the firm’s roots in Cambridge and London and across Europe. She also highlighted the upcoming UK Government review on this matter, expected to be released in early September, which will be interesting to see the results of.
Conclusion
The launch of IQ Capital’s new $200m venture fund is timely, coming when deep tech investment is topping $17bn this year. Investors in Fund IV include global institutions, funds-of-funds, family offices, and British Patient Capital. IQ Capital’s investment in deep tech startups is critical in advancing groundbreaking innovations in various industries.
FAQs
What is IQ Capital?
IQ Capital is a UK-based venture capital firm specializing in investing in deep tech startups.
What is the new $200m venture fund by IQ Capital for?
The new $200m venture fund by IQ Capital is aimed at investing in European deeptech startups.
Who are the investors in Fund IV?
Investors in Fund IV include global institutions, funds-of-funds, family offices, and British Patient Capital.
Will Europe be able to compete with the major Big Tech platforms on the Generative AI front?
Europe has exceptional talent, but Generative AI has got a long way to go and is yet to solve real-world problems.
What is the UK Government review that IQ Capital’s co-founder mentioned?
The UK Government is conducting a review into how university spinouts are hampered by their Alma Maters, expected to be released in early September.
[ad_2]
For more information, please refer this link