# IP Group Portfolio Map 2026: 67 Startups by Sector > IP Group's portfolio mapped: 67 startups it has backed, in 11 sectors from Biotech, Energy and AI on. $3.4B raised between them; logos, funding and rounds. Source: https://millionrounds.com/portfolio-maps/ip-group-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Biotech 20 - [Oxford Nanopore Technologies](https://millionrounds.com/company/oxford-nanopore-technologies) - [STORM Therapeutics](https://millionrounds.com/company/storm-therapeutics) - [Microbiotica](https://millionrounds.com/company/microbiotica) - [MISSION Therapeutics](https://millionrounds.com/company/mission-therapeutics) - [Carisma Therapeutics](https://millionrounds.com/company/carisma-therapeutics) - [Artios](https://millionrounds.com/company/artios) - [*I* Inivata](https://millionrounds.com/company/inivata) - [Innervace](https://millionrounds.com/company/innervace) - [Istesso](https://millionrounds.com/company/istesso) - [Rage Biotech](https://millionrounds.com/company/rage-biotech) - [Kira Biotech](https://millionrounds.com/company/kira-biotech) - [Kynos Therapeutics](https://millionrounds.com/company/kynos-therapeutics) - [Spirea](https://millionrounds.com/company/spirea) - [Clyde Biosciences](https://millionrounds.com/company/clyde-biosciences) - [*O* Oxyntix](https://millionrounds.com/company/oxyntix) - [Resseptor Therapeutics](https://millionrounds.com/company/resseptor-therapeutics) - [Jetra Therapeutics](https://millionrounds.com/company/jetra-therapeutics) - [Amprologix](https://millionrounds.com/company/amprologix) - [*A* Activiomics](https://millionrounds.com/company/activiomics) - [Ubiquigent](https://millionrounds.com/company/ubiquigent) ## Energy 8 - [First Light Fusion](https://millionrounds.com/company/first-light-fusion) - [Mantle8](https://millionrounds.com/company/mantle8) - [Barocal](https://millionrounds.com/company/barocal) - [Silicon MicroGravity](https://millionrounds.com/company/silicon-microgravity) - [RFC Power](https://millionrounds.com/company/rfc-power) - [Magnomatics](https://millionrounds.com/company/magnomatics) - [Ionix Advanced Technologies](https://millionrounds.com/company/ionix-advanced-technologies) - [GraphEnergyTech](https://millionrounds.com/company/graphenergytech) ## AI 8 - [Monolith AI](https://millionrounds.com/company/monolith-ai) - [Crescendo](https://millionrounds.com/company/crescendo) - [Intrinsic Semiconductor Technologies](https://millionrounds.com/company/intrinsic-semiconductor-technologies) - [Slamcore](https://millionrounds.com/company/slamcore) - [Diffblue](https://millionrounds.com/company/diffblue) - [Exyn Technologies](https://millionrounds.com/company/exyn-technologies) - [*L* Lumai](https://millionrounds.com/company/lumai) - [i14](https://millionrounds.com/company/i14) ## Healthtech 6 - [Enterprise Therapeutics](https://millionrounds.com/company/enterprise-therapeutics) - [Oxular](https://millionrounds.com/company/oxular) - [Hypervision Surgical](https://millionrounds.com/company/hypervision-surgical) - [Gripable](https://millionrounds.com/company/gripable) - [Oxehealth](https://millionrounds.com/company/oxehealth) - [Cambridge Raman Imaging](https://millionrounds.com/company/cambridge-raman-imaging) ## Cleantech 5 - [Hysata](https://millionrounds.com/company/hysata) - [MGA Thermal](https://millionrounds.com/company/mga-thermal) - [Pulsiv](https://millionrounds.com/company/pulsiv) - [*BM* Banksia Minerals Processing (BMP)](https://millionrounds.com/company/banksia-minerals-processing-bmp) - [Papertrail.io](https://millionrounds.com/company/papertrail-io) ## Advanced Manufacturing 4 - [Oxa](https://millionrounds.com/company/oxa) - [Audioscenic](https://millionrounds.com/company/audioscenic) - [8power](https://millionrounds.com/company/8power) - [Stratium](https://millionrounds.com/company/stratium) ## VR & AR 4 - [*W* WaveOptics](https://millionrounds.com/company/waveoptics) - [Ultraleap](https://millionrounds.com/company/ultraleap) - [*U* Ultrahaptics](https://millionrounds.com/company/ultrahaptics) - [*U* Ultraheptics](https://millionrounds.com/company/ultraheptics) ## Hardware & Electronics 3 - [Oxford Ionics](https://millionrounds.com/company/oxford-ionics) - [Helio Display Materials](https://millionrounds.com/company/helio-display-materials) - [Molendotech](https://millionrounds.com/company/molendotech) ## IT Services 3 - [Quantum Dice](https://millionrounds.com/company/quantum-dice) - [Inductosense](https://millionrounds.com/company/inductosense) - [Reframed.tv](https://millionrounds.com/company/reframed-tv) ## Big Data & Analytics 3 - [import.io](https://millionrounds.com/company/import-io) - [*T* Talivest](https://millionrounds.com/company/talivest) - [CyAmast](https://millionrounds.com/company/cyamast) ## Manufacturing 3 - [Aqdot](https://millionrounds.com/company/aqdot) - [IBEX Innovations](https://millionrounds.com/company/ibex-innovations) - [Surrey NanoSystems](https://millionrounds.com/company/surrey-nanosystems) ## Segment by segment ### Biotech 20 startups · $1.6B raised - [**Oxford Nanopore Technologies**](https://millionrounds.com/company/oxford-nanopore-technologies) Oxford Nanopore Technologies is a biotechnology company that develops and commercializes nanopore sequencing technology. United Kingdom $653M - [**STORM Therapeutics**](https://millionrounds.com/company/storm-therapeutics) Targeting pathways that modify RNA to deliver novel cancer therapeutics United Kingdom $317M - [**Microbiotica**](https://millionrounds.com/company/microbiotica) Microbiotica is a clinical-stage biopharmaceutical company based in Cambridge, UK, founded in 2016. United Kingdom $117M - [**MISSION Therapeutics**](https://millionrounds.com/company/mission-therapeutics) Mission Therapeutics is a clinical-stage biopharmaceutical company based in Cambridge, UK, focused on drug discovery and developme United Kingdom $113M - [**Carisma Therapeutics**](https://millionrounds.com/company/carisma-therapeutics) Carisma Therapeutics is a biotech company that develops novel chimeric antigen receptor macrophage technology to treat solid tumors. United States $90M - [**Artios**](https://millionrounds.com/company/artios) Artios Pharma Limited is a privately held biotechnology company based in Cambridge, United Kingdom, at the Babraham Research Campus. United Kingdom $83M - [*I* **Inivata**](https://millionrounds.com/company/inivata) United Kingdom $59M - [**Innervace**](https://millionrounds.com/company/innervace) Innervace is a regenerative medicine company focused on developing implantable tissue-engineered neural pathways to restore brain United States $40M ### Energy 8 startups · $275M raised - [**First Light Fusion**](https://millionrounds.com/company/first-light-fusion) First Light Fusion is a British company based in Oxfordshire, focused on developing innovative solutions for fusion energy through United Kingdom $167M - [**Mantle8**](https://millionrounds.com/company/mantle8) Mantle8 is a European clean energy startup based in Grenoble, France, founded in 2024 by Emmanuel Masini. France $38M - [**Barocal**](https://millionrounds.com/company/barocal) Barocal is a Cambridge University spin-out founded in 2019, focused on developing solid-state cooling and heating technologies. United Kingdom $23M - [**Silicon MicroGravity**](https://millionrounds.com/company/silicon-microgravity) Silicon MicroGravity is a company developing novel sensor technology. United Kingdom $21M - [**RFC Power**](https://millionrounds.com/company/rfc-power) RFC Power is a global provider of long-duration energy storage solutions, focused on developing a low-cost hydrogen-manganese hybr United Kingdom $15M - [**Magnomatics**](https://millionrounds.com/company/magnomatics) Magnomatics is a UK-based clean technology company focusing on renewable energy and energy efficiency. United Kingdom $5.7M - [**Ionix Advanced Technologies**](https://millionrounds.com/company/ionix-advanced-technologies) Ionix Advanced Technologies was spun-out of the University of Leeds In 2011. United Kingdom $3.6M - [**GraphEnergyTech**](https://millionrounds.com/company/graphenergytech) Bringing together expertise from the worlds of graphene and solar cell design to enable low-cost manufacturing of high-efficiency Switzerland $1.3M ### AI 8 startups · $559M raised - [**Monolith AI**](https://millionrounds.com/company/monolith-ai) Monolith AI develops an AI assistant designed to help engineers improve product development. United Kingdom $265M - [**Crescendo**](https://millionrounds.com/company/crescendo) Crescendo Systems is a software development company that provides speech recognition, digital dictation, and transcription solutions. United Kingdom $120M - [**Intrinsic Semiconductor Technologies**](https://millionrounds.com/company/intrinsic-semiconductor-technologies) Intrinsic Semiconductor Technologies is established to developed silicon-oxide based RRAM technologies. United Kingdom $47M - [**Slamcore**](https://millionrounds.com/company/slamcore) Slamcore is an embedded spatial AI software company based in London, UK, specializing in real-time localization, mapping, and perc United Kingdom $44M - [**Diffblue**](https://millionrounds.com/company/diffblue) Diffblue is an Oxford-based company founded in 2016 by researchers from the University of Oxford. United Kingdom $39M - [**Exyn Technologies**](https://millionrounds.com/company/exyn-technologies) Exyn Technologies is a developer of autonomous aerial robot systems. United States $21M - [*L* **Lumai**](https://millionrounds.com/company/lumai) United Kingdom $13M - [**i14**](https://millionrounds.com/company/i14) Rethinking AI with Cognition as our Blueprint Australia $8.9M ### Healthtech 6 startups · $207M raised - [**Enterprise Therapeutics**](https://millionrounds.com/company/enterprise-therapeutics) Enterprise Therapeutics Ltd is a UK-based biopharmaceutical company founded in 2014, located at the Sussex Innovation Centre in Brighton. United Kingdom $80M - [**Oxular**](https://millionrounds.com/company/oxular) Oxular Limited, based in Oxford, United Kingdom, is a clinical-stage biotechnology company focused on developing innovative drug-d United Kingdom $58M - [**Hypervision Surgical**](https://millionrounds.com/company/hypervision-surgical) Hypervision Surgical is a London-based medical device company founded by clinicians, medical imaging specialists, and AI experts. United Kingdom $32M - [**Gripable**](https://millionrounds.com/company/gripable) Gripable develops digital therapy tools, combining them with mobile games, and motivating physically impaired patients. United Kingdom $19M - [**Oxehealth**](https://millionrounds.com/company/oxehealth) SaaS workflow solution gives carers and custodians more time for hands on care where and when it’s needed most. United Kingdom $16M - [**Cambridge Raman Imaging**](https://millionrounds.com/company/cambridge-raman-imaging) Cambridge Raman Imaging is developing a microscope which uses graphene to modulate ultra-short pulses of light to diagnose cancer tumours. United Kingdom $1.6M ### Cleantech 5 startups · $166M raised - [**Hysata**](https://millionrounds.com/company/hysata) Hysata develops hydrogen electrolyzers aimed at advancing the global transition from fossil fuels to green hydrogen. Australia $146M - [**MGA Thermal**](https://millionrounds.com/company/mga-thermal) MGA Thermal is an Australian clean energy company focused on large-scale, long-duration thermal energy storage solutions. Australia $12M - [**Pulsiv**](https://millionrounds.com/company/pulsiv) Pulsiv is a UK-based company specializing in power electronics and solar technology. United Kingdom $7.6M - [*BM* **Banksia Minerals Processing (BMP)**](https://millionrounds.com/company/banksia-minerals-processing-bmp) Australia $668K - [**Papertrail.io**](https://millionrounds.com/company/papertrail-io) Papertrail.io is a UK-based software company specializing in asset management and inspection solutions. United Kingdom $87K ### Advanced Manufacturing 4 startups · $112M raised - [**Oxa**](https://millionrounds.com/company/oxa) Oxa is a leading global company in autonomous vehicle software, based in Oxfordshire, England. United Kingdom $103M - [**Audioscenic**](https://millionrounds.com/company/audioscenic) Audioscenic is an audio technology innovator based in Southampton, UK, specializing in 3D immersive audio reproduction. United Kingdom $8.0M - [**8power**](https://millionrounds.com/company/8power) 8power is an industrial technology company based in Cambridge, UK, specializing in remote condition monitoring for rotating equipment. United Kingdom $1.0M - [**Stratium**](https://millionrounds.com/company/stratium) Stratium deals with custom app development, business development solutions, cloud solutions, consulting and ERP systems. - $438K ### VR & AR 4 startups · $314M raised - [*W* **WaveOptics**](https://millionrounds.com/company/waveoptics) United Kingdom $150M - [**Ultraleap**](https://millionrounds.com/company/ultraleap) Ultraleap is working to create the most remarkable connection between people and technology. United Kingdom $81M - [*U* **Ultrahaptics**](https://millionrounds.com/company/ultrahaptics) United Kingdom $60M - [*U* **Ultraheptics**](https://millionrounds.com/company/ultraheptics) United Kingdom $23M ### Hardware & Electronics 3 startups · $41M raised - [**Oxford Ionics**](https://millionrounds.com/company/oxford-ionics) Oxford Ionics is a quantum computing startup that provides innovations for the development of accurate and dependable quantum computers. United Kingdom $33M - [**Helio Display Materials**](https://millionrounds.com/company/helio-display-materials) Helio Display Materials is a UK-based technology company focused on developing nanocrystal perovskite films for advanced display a United Kingdom $4.8M - [**Molendotech**](https://millionrounds.com/company/molendotech) Molendotech manufactures a device to test water for faecal contamination. United Kingdom $3.5M ### IT Services 3 startups · $12M raised - [**Quantum Dice**](https://millionrounds.com/company/quantum-dice) Quantum technology spin-out from the University of Oxford United Kingdom $9.6M - [**Inductosense**](https://millionrounds.com/company/inductosense) Inductosense Ltd. United Kingdom $2.2M - [**Reframed.tv**](https://millionrounds.com/company/reframed-tv) Reframed TV is changing the way the world consumes, interacts with and shares video for the better. United Kingdom $202K ### Big Data & Analytics 3 startups · $22M raised - [**import.io**](https://millionrounds.com/company/import-io) Import.io unlocks a world of web data, delivering it directly to enterprises to fuel business insight and competitive advantage. United Kingdom $21M - [*T* **Talivest**](https://millionrounds.com/company/talivest) Talivest is a people analytics SaaS company, specialising in employee engagement through innovative technology solutions. Ireland $1.0M - [**CyAmast**](https://millionrounds.com/company/cyamast) CyAmast is a cybersecurity company focused on Cyber Asset Attack Surface Management (CAASM). Australia $39K ### Manufacturing 3 startups · $74M raised - [**Aqdot**](https://millionrounds.com/company/aqdot) Aqdot is a specialist chemical company with a focus and expertise in intelligent encapsulation technology. United Kingdom $48M - [**IBEX Innovations**](https://millionrounds.com/company/ibex-innovations) Our world-class team of scientists, engineers, mathematicians, and business professionals has been dedicated to developing innovat United Kingdom $14M - [**Surrey NanoSystems**](https://millionrounds.com/company/surrey-nanosystems) Surrey NanoSystems manufactures nanoscale materials for use in engineering and product applications. United Kingdom $11M **How this map is made.** Every startup here has raised money in a round we track that names IP Group as an investor, the first in 2005. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [VC firm · United Kingdom **Antler** 376 startups · 12 sectors · $10.0B](https://millionrounds.com/portfolio-maps/antler-portfolio-map)[VC firm · United Kingdom **Index Ventures** 359 startups · 12 sectors · $75B](https://millionrounds.com/portfolio-maps/index-ventures-portfolio-map)[VC firm · United Kingdom **Innovate UK** 357 startups · 12 sectors · $4.7B](https://millionrounds.com/portfolio-maps/innovate-uk-portfolio-map)[VC firm · United Kingdom **Crowdcube** 276 startups · 12 sectors · $2.3B](https://millionrounds.com/portfolio-maps/crowdcube-portfolio-map)[VC firm · United Kingdom **GSR** 198 startups · 12 sectors · $8.0B](https://millionrounds.com/portfolio-maps/gsr-portfolio-map)[VC firm · United Kingdom **Seedcamp** 196 startups · 12 sectors · $14B](https://millionrounds.com/portfolio-maps/seedcamp-portfolio-map) ## Raising from investors like IP Group? 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