# IQ Capital: portfolio, investments and team

> IQ Capital is a vc firm based in United Kingdom. 165 investments on record, 41 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# IQ Capital

Last cheque observed Oct 2026; 165 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Bioimaging Deeptech Nanotech

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Deploying now

**89%** of best year **41** **cheques in 12 months**, 165 on record

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

Median round **$17M** Cheque size, as they say **$700K – $14M** Rounds led **8 of 165** Sole investor **13 rounds** Exits **2 from the portfolio** Mostly in **United States, 39%**

Pitch IQ Capital

## IQ Capital highlights

- 01 41 cheques in the last 12 months
- 02 Mostly Series A and Seed: 57% of its rounds
- 03 Sole investor in 13 rounds, median $3.5M
- 04 2 exits from the portfolio

## What they do

> We are a dedicated deep tech venture capital firm. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $700K – $14M as they say
- **Stages:** Pre-seed Seed Series A
- **Sectors:** Bioimaging Deeptech Nanotech
- **Based in:** London, United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **165 appearances**

- **2026** 34 rounds
- **Oct** **[Undecimal Bio](https://millionrounds.com/company/undecimal-bio)** Seed · 4BIO Capital **$18M** *Led*
- **Sept** **[David](https://millionrounds.com/company/david)** Series B · US · AlleyWatch **$250M** With 6 others
- **Sept** **[AiM Medical Robotics](https://millionrounds.com/company/aim-medical-robotics)** Grant · US **$8.1M** With 2 others
- **Sept** **[Spotnana](https://millionrounds.com/company/spotnana)** Venture · US **$1.7M** With 4 others
- **Aug** **[Gravis Robotics](https://millionrounds.com/company/gravis-robotics)** Series A · CH · Pear VC **$200M** With 2 others
- **Aug** **[Mindgard](https://millionrounds.com/company/mindgard)** Series A · GB **$30M** With 3 others
- **Aug** **[eComID](https://millionrounds.com/company/ecomid)** Seed · SE **$17M** With 1 other
- **Jul** **[Valarian](https://millionrounds.com/company/valarian)** Series A · GB · Ventureburn **$50M** With 10 others
- **Jul** **[QuantumDiamonds](https://millionrounds.com/company/quantumdiamonds)** Series A · DE · TechCrunch **$17M** With 9 others
- **Jul** **[PAPER](https://millionrounds.com/company/paper)** Series A · CA **$34M** With 2 others
- **Jun** **[IMU Biosciences](https://millionrounds.com/company/imu-biosciences)** Series A · GB · Ventureburn **$53M** *Led*
- **Jun** **[Conduct](https://millionrounds.com/company/conduct)** Series A · GB **$59M** With 3 others
- **May** **[Cable](https://millionrounds.com/company/cable)** Pre-seed · AU · Startup Daily **$4.0M** With 2 others
- **May** **[RevEng.AI](https://millionrounds.com/company/reveng-ai)** Series A · GB · NATO Innovation Fund (NIF) **$15M** With 4 others
- **May** **[Imperagen](https://millionrounds.com/company/imperagen)** Seed · GB · TechCrunch **$6.7M** With 2 others
- **May** **[Nyobolt](https://millionrounds.com/company/nyobolt)** Series C · GB · Ventureburn **$60M** With 6 others
- **May** **[Neurovalens](https://millionrounds.com/company/neurovalens)** Venture · GB **Undisclosed** With 2 others
- **Apr** **[Rivan](https://millionrounds.com/company/rivan)** Series A · GB · Ventureburn **$34M** *Led*
- **Apr** **[Seifert Dynamics](https://millionrounds.com/company/seifert-dynamics)** Series A · US **$13M** With 4 others
- **Apr** **[CodePath](https://millionrounds.com/company/codepath)** Venture · US **Undisclosed** With 1 other
- **Apr** **[Omegga GmbH](https://millionrounds.com/company/omegga-gmbh)** Seed · DE **$12M** With 2 others
- **Apr** **[Torus](https://millionrounds.com/company/torus)** Debt · LT **$35M** With 6 others
- **Mar** **[Isembard](https://millionrounds.com/company/isembard)** Series A · GB · Ventureburn **$50M** With 7 others
- **Mar** **[Grotto AI](https://millionrounds.com/company/grotto-ai)** Seed · TechStartups **$10M** With 5 others
- **Mar** **[Pronto](https://millionrounds.com/company/pronto)** Series B · IN · TechCrunch **$25M** With 4 others
- **Mar** **[Claros](https://millionrounds.com/company/claros)** Seed · US **$30M** With 1 other
- **Mar** **[Standard Template Labs](https://millionrounds.com/company/standard-template-labs)** Seed · US **$49M** With 2 others
- **Mar** **[Xona](https://millionrounds.com/company/xona)** Series C · US **$170M** With 5 others
- **Mar** **[Subbyx](https://millionrounds.com/company/subbyx)** Series A · IT **$35M** With 1 other
- **Mar** **[Tropic Biosciences](https://millionrounds.com/company/tropic-biosciences)** Series C · GB **$105M** With 4 others
- **Mar** **[Whirl AI](https://millionrounds.com/company/whirl-ai)** Seed · US **$8.9M** With 1 other
- **Jan** **[Outtake](https://millionrounds.com/company/outtake)** Series B · US · TechCrunch **$40M** With 11 others
- **Jan** **[SWAP](https://millionrounds.com/company/swap)** Series C · BR **$100M** With 4 others
- **Jan** **[Safe Online](https://millionrounds.com/company/safe-online)** Seed · US **$2.0M** With 1 other
- **2025** 33 rounds
- **Dec** **[Nu Quantum](https://millionrounds.com/company/nu-quantum)** Series A · GB · Firms' own news pages **$60M** With 10 others
- **Dec** **[Nevis](https://millionrounds.com/company/nevis)** Series A · US · TechStartups **$35M** With 3 others
- **Dec** **[Aibuild](https://millionrounds.com/company/aibuild)** Venture · GB **Undisclosed** With 3 others
- **Dec** **[Mixx Technologies](https://millionrounds.com/company/mixx-technologies)** Series A · US · Ventureburn **$33M** With 4 others
- **Dec** **[Hometap](https://millionrounds.com/company/hometap)** Growth · US **$50M** With 4 others
- **Dec** **[Sierra](https://millionrounds.com/company/sierra)** Venture · US **Undisclosed** With 4 others

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 **2 named**

KK **Katja Kristiina Waring** director i Company register since 2022

OF **Oliver Frank Howard Waring** director i Company register since 2022

We also hold **26** 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

**5+** funds on file numbered funds in its name

- **Companies House:** 14178557, since 2022

Who backs their funds

## 1 LP on record in IQ Capital's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list.

- [**KPN Ventures** 1 fund](https://millionrounds.com/fund/kpn-ventures) Fund Vintage Committed IQ Capital - -

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Media assets

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Spectral Edge](https://millionrounds.com/company/spectral-edge)** Bought by [Apple](https://millionrounds.com/fund/apple) **Undisclosed** Dec 2019

**[Neul](https://millionrounds.com/company/neul)** Bought by Huawei Technologies **$25M** Sept 2014

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 **$17M** the round, not its cheque Alone, median **$3.5M**

Led 8 of 165 rounds **5%**

- **Said size:** $700K – $14M
- **Sole investor:** 13 rounds
- **Last cheque:** Oct 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series A said *45*
- Seed said *32*
- Venture *27*
- Series B *17*
- Series C *15*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) 36
- [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) 10
- [Parkwalk](https://millionrounds.com/fund/parkwalk) 8
- [Molten Ventures](https://millionrounds.com/fund/molten-ventures) 7
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 7
- [Lakestar](https://millionrounds.com/fund/lakestar) 6

**Pitching IQ Capital?** 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 IQ Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Iconiq Capital** Growth equity **36** rounds together](https://millionrounds.com/fund/iconiq-capital-3)[**ICONIQ Capital** Family office **10** rounds together](https://millionrounds.com/fund/iconiq-capital-2)[**Parkwalk** VC firm **8** rounds together](https://millionrounds.com/fund/parkwalk)[**Molten Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/molten-ventures)[**Y Combinator** Accelerator **7** rounds together](https://millionrounds.com/fund/y-combinator)[**Lakestar** VC firm **6** rounds together](https://millionrounds.com/fund/lakestar)[**Seedcamp** VC firm **6** rounds together](https://millionrounds.com/fund/seedcamp)[**Temasek Holdings** VC firm **6** rounds together](https://millionrounds.com/fund/temasek)[**8VC** VC firm **4** rounds together](https://millionrounds.com/fund/8vc)[**Alumni Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Amadeus Capital Partners** VC firm **4** rounds together](https://millionrounds.com/fund/amadeus-capital-partners)[**Cambridge Angels** Angel network **4** rounds together](https://millionrounds.com/fund/cambridge-angels)

## Recently backed

The latest companies IQ Capital put money into.

[**David** $250M · Sept 2026](https://millionrounds.com/company/david)[**AiM Medical Robotics** $8.1M · Sept 2026](https://millionrounds.com/company/aim-medical-robotics)[**Spotnana** $1.7M · Sept 2026](https://millionrounds.com/company/spotnana)[**Gravis Robotics** $200M · Aug 2026](https://millionrounds.com/company/gravis-robotics)[**Mindgard** $30M · Aug 2026](https://millionrounds.com/company/mindgard)[**eComID** $17M · Aug 2026](https://millionrounds.com/company/ecomid)

## Quick answers about IQ Capital

### What does IQ Capital invest in?

IQ Capital invests most often at Series A and Seed (57% of the rounds on record), in sectors such as Bioimaging, Deeptech and Nanotech.

### How active is IQ Capital?

165 investments on record, 41 of them in the last 12 months, and it led 8. The most recent was in Oct 2026.

### What has IQ Capital invested in recently?

Its most recent investments on record: Undecimal Bio (Seed, Oct 2026), David (Series B, Sept 2026) and AiM Medical Robotics (Grant, Sept 2026).

### How big are IQ Capital's cheques?

The median round it joins is $17M. It says it writes cheques of $700K to $14M.

### Does IQ Capital lead rounds?

Sometimes: it led 8 of its 165 investments on record (5%).

### Where does IQ Capital invest?

Most of the companies it backs are in the United States (39%), the United Kingdom (34%) and Germany (5%).

### Is IQ Capital investing now?

Yes: it is actively investing, with 41 investments in the last 12 months.

### Who does IQ Capital invest alongside?

Most often Iconiq Capital (36 rounds together), ICONIQ Capital (10 rounds together) and Parkwalk (8 rounds together).

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