# IP Group: portfolio, investments and team

> IP Group is a vc firm based in United Kingdom. 174 investments on record, 21 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ip-group (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# IP Group

Last cheque observed Oct 2026; 174 cheques on record.

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Deploying now VC firm

Pre-seed Seed Series A Smarthome Real Estate Prop-tech

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Deploying now

**88%** of best year **21** **cheques in 12 months**, 174 on record

Since the last cheque **19** days **00** hrs **00** min **00** sec

Median round **$9.1M** Rounds led **1 of 174** Sole investor **29 rounds** Exits **3 from the portfolio** Mostly in **United Kingdom, 66%**

Pitch IP Group

## IP Group highlights

- 01 21 cheques in the last 12 months
- 02 Mostly Venture and Seed: 66% of its rounds
- 03 Sole investor in 29 rounds, median $2.3M
- 04 3 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Smarthome Real Estate Prop-tech
- **Based in:** London, United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **174 appearances**

- **2026** 18 rounds
- **Oct** **[Matter Machine](https://millionrounds.com/company/matter-machine)** Pre-seed · GB · Tech Funding News **$5.3M** *Led*
- **Sept** **[Hysata](https://millionrounds.com/company/hysata)** Grant · AU · Startup Daily **$35M** With 1 other
- **Sept** **[Microbiotica](https://millionrounds.com/company/microbiotica)** Series C · GB · Cambridge Innovation Capital **$35M** With 5 others
- **Aug** **[RFC Power](https://millionrounds.com/company/rfc-power)** Series A · GB **$14M** With 1 other
- **Jul** **[MAKO](https://millionrounds.com/company/mako)** Series A · AU · Virescent Ventures **$19M** With 8 others
- **Jul** **[MoA Technology](https://millionrounds.com/company/moa-technology)** Series C · GB · Agri Investment Fund **$30M** With 10 others
- **Jul** **[Oxford Science Enterprises](https://millionrounds.com/company/oxford-science-enterprises)** Venture · GB **$19M** With 2 others
- **Jul** **[Silicon MicroGravity](https://millionrounds.com/company/silicon-microgravity)** Venture · GB **$8.1M** With 2 others
- **Jul** **[Vytal](https://millionrounds.com/company/vytal)** Venture · DE **$16M** With 3 others
- **May** **[Slamcore](https://millionrounds.com/company/slamcore)** GB · Amadeus Capital Partners **$14M** With 8 others
- **May** **[Mantle8](https://millionrounds.com/company/mantle8)** Series A · FR · Ventureburn **$36M** With 5 others
- **May** **[Barocal](https://millionrounds.com/company/barocal)** Seed · GB · Ventureburn **$10M** With 6 others
- **Apr** **[Hypervision Surgical](https://millionrounds.com/company/hypervision-surgical)** Series A · GB · Happiness Capital **$23M** With 2 others
- **Apr** **[Storm Therapeutics](https://millionrounds.com/company/storm-therapeutics)** Series C · Fast Track Initiative **$56M** With 5 others
- **Apr** **[First Light Fusion](https://millionrounds.com/company/first-light-fusion)** Venture · GB **$25M** With 4 others
- **Mar** **[Alesi Surgical](https://millionrounds.com/company/alesi-surgical)** Growth · GB · Firms' own news pages **$7.2M** With 2 others
- **Mar** **[MGA Thermal](https://millionrounds.com/company/mga-thermal)** Venture · AU · Startup Daily **$12M** With 3 others
- **Mar** **[Oxa](https://millionrounds.com/company/oxa)** Series D · GB · Ventureburn **$103M** With 8 others
- **2025** 24 rounds
- **Nov** **[Rage Biotech](https://millionrounds.com/company/rage-biotech)** Series A · AU · Startup Daily **$29M** With 3 others
- **Nov** **[Uniphy Ltd](https://millionrounds.com/company/uniphy-ltd)** Venture · GB **$3.9M** Sole investor
- **Nov** **[MITEK Medical Materials](https://millionrounds.com/company/mitek-medical-materials)** Seed **$7.0M** Sole investor
- **Oct** **[MISSION Therapeutics](https://millionrounds.com/company/mission-therapeutics)** Venture · GB **$13M** With 3 others
- **Oct** **[Amprologix](https://millionrounds.com/company/amprologix)** Seed · GB **$992K** With 1 other
- **Sept** **[OXCCU](https://millionrounds.com/company/oxccu)** Series B · GB **$28M** With 2 others
- **Aug** **[AMSL Aero](https://millionrounds.com/company/amsl-aero)** Grant · AU **$1.9M** With 1 other
- **Jul** **[Azaneo](https://millionrounds.com/company/azaneo)** Grant · AU **$249K** With 1 other
- **Jun** **[Quantum Dice](https://millionrounds.com/company/quantum-dice)** Grant · GB **$2.9M** With 5 others
- **Jun** **[Inosi Therapeutics](https://millionrounds.com/company/inosi-therapeutics)** Grant · AU **$968K** Sole investor
- **May** **[i14](https://millionrounds.com/company/i14)** Pre-seed · AU **$2.6M** Sole investor
- **May** **[AccelerComm](https://millionrounds.com/company/accelercomm)** Venture · GB **$15M** With 3 others
- **Apr** **[Lumai](https://millionrounds.com/company/lumai)** GB · TechStartups **$10M** With 10 others
- **Apr** **[Oxehealth](https://millionrounds.com/company/oxehealth)** Venture · GB **Undisclosed** With 1 other
- **Mar** **[Vytal](https://millionrounds.com/company/vytal)** Growth · DE · Silicon Canals **$16M** With 7 others
- **Mar** **[Ibex Innovations](https://millionrounds.com/company/ibex-innovations)** Venture · GB **$2.6M** With 3 others
- **Mar** **[CANOPUS Networks](https://millionrounds.com/company/canopus-networks)** Venture · AU **Undisclosed** With 1 other
- **Mar** **[Mixergy](https://millionrounds.com/company/mixergy)** Venture · GB **$15M** With 3 others
- **Mar** **[Oxford Science Enterprises](https://millionrounds.com/company/oxford-science-enterprises)** Series B · GB **$19M** With 2 others
- **Mar** **[Diffblue](https://millionrounds.com/company/diffblue)** Grant · GB **$1.3M** With 3 others
- **Feb** **[Banksia Minerals Processing (BMP)](https://millionrounds.com/company/banksia-minerals-processing-bmp)** Seed · AU · Startup Daily **$668K** With 2 others
- **Feb** **[First Light Fusion](https://millionrounds.com/company/first-light-fusion)** GB · TechStartups **$62M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

AH **Aedhmar Hynes** director i Company register since 2019

AL **Angela Leach** secretary i Company register since 2008

AK **Anita Kidgell** director i Company register since 2023

CA **Caroline Anne Brown** director i Company register since 2019

DG **David Graham Baynes** director i Company register since 2014

GS **Gregory Simon Smith** director i Company register since 2011

HR **Heejae Richard Chae** director i Company register since 2018

MJ **Michael James Queen** director i Company register since 2026

AJ **Alan John Aubrey** director i Company register since 2005

AC **Alexander Charles Wallace Snow** director i Company register since 2002

AM **Alison Margaret Fielding** director i Company register since 2005

AN **Andrew Nigel Wendover Beeson** director i Company register since 2001

AD **Anthony David Bartlett** director i Company register since 2001

BG **Bruce Gordon Smith** director i Company register since 2002

CS **Charles Stephen Winward** director i Company register since 2011

CW **Charles William Byford** director i Company register since 2001

CJ **Christopher John Wright** director i Company register since 2001

CR **Christopher Roger Ettrick Brooke** director i Company register since 2001

DA **David Albert Thomas** secretary i Company register since 2001

DB **David Bruce Campbell** director i Company register since 2004

DK **David Knox Houston Begg** director i Company register since 2017

DR **David Robert Norwood** director i Company register since 2001

DB **Douglas Brian Liversidge** director i Company register since 2014

DJ **Douglas Jardine Flint** director i Company register since 2018

We also hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the UK company register, which it must file accurately by law

- **Companies House:** 04204490, since 2001

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[Activiomics](https://millionrounds.com/company/activiomics)** Bought by RetroScreen Virology **Undisclosed** Mar 2014

**[Arieso](https://millionrounds.com/company/arieso)** Bought by JDSU **$85M** Mar 2013

**[Techtran Group](https://millionrounds.com/company/techtran-group)** Bought by [IP Group Plc](https://millionrounds.com/fund/ip-group-plc) **Undisclosed** Jan 2005

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed Series A

Median round joined **$9.1M** the round, not its cheque Alone, median **$2.3M**

Led 1 of 174 rounds **1%**

- **Sole investor:** 29 rounds
- **Last cheque:** Oct 2026
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Venture *56*
- Seed said *33*
- Series A said *21*
- Series C *13*
- Series B said *12*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Parkwalk](https://millionrounds.com/fund/parkwalk) 28
- [Northstar Ventures](https://millionrounds.com/fund/northstar-ventures) 18
- [Innovate UK](https://millionrounds.com/fund/innovate-uk) 12
- [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) 6
- [Invesco Perpetual](https://millionrounds.com/fund/invesco-perpetual) 5
- [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) 5

**Pitching IP Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as IP Group. A count of rooms they were both in, not a relationship either has claimed.

[**Parkwalk** VC firm **28** rounds together](https://millionrounds.com/fund/parkwalk)[**Northstar Ventures** VC firm **18** rounds together](https://millionrounds.com/fund/northstar-ventures)[**Innovate UK** VC firm **12** rounds together](https://millionrounds.com/fund/innovate-uk)[**Tengxun Touzi** VC firm **6** rounds together](https://millionrounds.com/fund/tengxun-touzi)[**Invesco Perpetual** Growth equity **5** rounds together](https://millionrounds.com/fund/invesco-perpetual)[**Octopus Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/octopus-ventures)[**Oxford Science Enterprises** VC firm **5** rounds together](https://millionrounds.com/fund/oxford-science-enterprises)[**Aramco Ventures** Corporate VC **4** rounds together](https://millionrounds.com/fund/aramco-ventures)[**Business Growth Fund** Private equity **4** rounds together](https://millionrounds.com/fund/bgf)[**Lansdowne Partners** VC firm **4** rounds together](https://millionrounds.com/fund/lansdowne-partners)[**Australian Renewable Energy Agency (ARENA)** Investment firm **3** rounds together](https://millionrounds.com/fund/australian-renewable-energy-agency-arena)[**British Business Bank** Corporate VC **3** rounds together](https://millionrounds.com/fund/national-security-strategic-investment-fund)

## Recently backed

The latest companies IP Group put money into.

[**Hysata** $35M · Sept 2026](https://millionrounds.com/company/hysata)[**Microbiotica** $35M · Sept 2026](https://millionrounds.com/company/microbiotica)[**RFC Power** $14M · Aug 2026](https://millionrounds.com/company/rfc-power)[**MoA Technology** $30M · Jul 2026](https://millionrounds.com/company/moa-technology)[**Oxford Science Enterprises** $19M · Jul 2026](https://millionrounds.com/company/oxford-science-enterprises)[**Silicon MicroGravity** $8.1M · Jul 2026](https://millionrounds.com/company/silicon-microgravity)

## Quick answers about IP Group

### What does IP Group invest in?

IP Group invests most often at Venture and Seed (66% of the rounds on record), in sectors such as Smarthome, Real Estate and Prop-tech.

### How active is IP Group?

174 investments on record, 21 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has IP Group invested in recently?

Its most recent investments on record: Matter Machine (Pre-seed, Oct 2026), Hysata (Grant, Sept 2026) and Microbiotica (Series C, Sept 2026).

### How big are IP Group's cheques?

The median round it joins is $9.1M.

### Does IP Group lead rounds?

Sometimes: it led 1 of its 174 investments on record (1%).

### Where does IP Group invest?

Most of the companies it backs are in the United Kingdom (66%), Australia (26%) and Germany (5%).

### Is IP Group investing now?

Yes: it is actively investing, with 21 investments in the last 12 months.

### Who does IP Group invest alongside?

Most often Parkwalk (28 rounds together), Northstar Ventures (18 rounds together) and Innovate UK (12 rounds together).

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