IQ Capital holds first close on £92m for third fund

The 10-year fund has a five-year investment period and is larger than its predecessor, IQ Capital II, a £42m fund closed in December 2014. 

IQ Capital's current portfolio includes deeptech companies such as Speechmatics, Privitar, Thought Machine, Audio Analytic, Oxford Space Systems, Fluidic Analytics, Divido, Senseye and Spectral Edge.

Investors
The fund's LP base includes family offices, wealth managers, technology entrepreneurs and several CEOs that were previously backed by IQ Capital, alongside British Business Investments, the commercial arm of the British Business Bank. 

Investments
IQ Capital III will make seed and series-A investments targeting UK tech companies that specialise in transformational deep-tech, AI and disruptive algorithms. The fund will deploy up to £10m per portfolio company in order to support their expansion and commercial launch.

People
IQ Capital – Max Bautin, Ed Stacey, Kerry Baldwin (partners).

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