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Cycle Group

Cycle Group

Venture Capital

Portfolio

1

companies


Portfolio companies

I

IONATE

IONATE develops intelligent transformer technology to modernise electricity distribution grids.


Recent investments

Seed
£3.3M

The seed round was led by IQ Capital with participation from several specialist energy and deep-tech investors.

"Working through a pandemic, scaling what was just an idea to fully functioning devices in less than three years, shows not only our team’s skill and dedication but the conviction of our network that IONATE is a key technology for the energy transition. With visionary experts from deep-tech venture capital, the utility sector, and academia in this round, we could not have chosen more strategic partners for achieving IONATE’s huge potential. I’m very excited for the next chapter and to work side-by-side with our investors and partners on what promises to be a time of extraordinary development and growth."
— Matthew Williams, CEO