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Evening Standard
Evening Standard
Business
Simon Hunt

London-based IQ Capital raises $400 million to invest in deep tech

IQ London Thought Machine United Kingdom

The UK’s tech sector was given a boost today after London-based private equity firm IQ Capital said it had raised $400 million (£320 million) to invest in deep tech businesses.

The two $200 million funds raised are aimed at investing into early-stage rounds in UK and European startups to back founders with the ambition to scale globally in areas like generative AI, space-tech and data security.

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