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IP Group

IP Group

Venture Capital

IP Group is an early-stage science investor backing businesses in deep tech, life sciences, and cleantech. The group operates internationally and is listed on the London Stock Exchange.

Portfolio

20

companies


Portfolio companies

Diffblue

Diffblue

Diffblue provides autonomous generative artificial intelligence software that automates unit test generation for developers.

AS

Alesi Surgical

Alesi Surgical develops electrical filtration systems to clear surgical smoke in operating theatres.

AccelerComm

AccelerComm

AccelerComm provides intellectual property that enhances 5G network performance and efficiency.

Deep Render

Deep Render

Deep Render develops neural video compression software to reduce bandwidth demands.

Intrinsic Semiconductor Technologies

Intrinsic Semiconductor Technologies

Intrinsic Semiconductor Technologies develops resistive random-access memory to enable smart devices.

QM

Quantum Motion

Quantum Motion develops silicon-based quantum computing architectures compatible with standard semiconductor manufacturing.

Audioscenic

Audioscenic

Audioscenic develops spatial audio beamforming technology for consumer electronics.

mT

moa Technology

moa Technology develops sustainable herbicides and crop protection discovery platforms.

GripAble

GripAble

GripAble provides digital rehabilitation programmes for neurological and musculoskeletal conditions.

Microbiotica

Microbiotica

Microbiotica develops microbiome-based therapeutics and precision biomarkers.

BE

Bramble Energy

Bramble Energy develops printed circuit board fuel cell technology for hydrogen power.

Navenio

Navenio

Navenio provides indoor location technology and task allocation software to improve healthcare workflow efficiency.

Ieso Digital Health

Ieso Digital Health

Digital mental healthcare provider developing AI enabled therapeutics.

Ultraleap

Ultraleap

Ultraleap builds hand tracking and mid-air haptics technology for spatial computing.

A

Arkivum

Arkivum provides secure digital archiving solutions for long term data preservation.

O

Oxbotica

Oxbotica builds universal autonomy software that brings self-driving capabilities to any vehicle.

Mixergy

Mixergy

Mixergy develops smart hot water tanks that reduce energy usage and emissions.

Azuri Technologies

Azuri Technologies

Azuri Technologies delivers pay-as-you-go solar home systems to off-grid households across Africa.

I

Inivata

Inivata develops liquid biopsy platforms to transform cancer care.

F

Featurespace

Featurespace develops adaptive behavioural analytics technology for fraud detection and risk management.


Team

JV

Jamie Vollbracht

Partner, Cleantech

LT

Lee Thornton

Partner, Deeptech

Lee serves as partner for deeptech at IP Group and holds non-executive directorships across several technology companies. He previously spent seven years as an investment director at the firm.

LinkedIn
JE

Jon Edington

Partner and Head of Software Investment

SW

Sam Williams

Managing Partner of Life Sciences

JE

Jon Edignton

Head of Software Investment

MR

Mark Reilly

Managing Partner


Recent investments

£4.9M

The oversubscribed round was anchored by IP Group, Parkwalk Advisors, and AlbionVC.

"There is a massive market opportunity for start-ups that figure out how to harness the potential of AI to transform how software gets built, tested, and deployed. Our investment in the company reflects our belief in its potential to be an important player in the next generation of AI-powered software development tools."
— Iain Maclean, Global Head of Rates Technology
£5.0M

The funding round was led by Mercia Ventures with backing from IP Group and Panakès Partners.

"We have been overwhelmed with the positive feedback we received from surgeons during the development of the IonPencil. As they have been reluctant to adopt the current systems, we believe our device will greatly improve compliance with new legislation."
— Dominic Griffiths, CEO
Seed
£21.5M

Parkwalk led the Series B financing round to support the company in scaling its connectivity technology globally.

"From LEO satellite to terrestrial 5G deployments, the challenges of how to maximize the performance of the network, and in particular efficient use of energy and radio spectrum, are universal. Over the past few years, AccelerComm has continually demonstrated its position at the forefront of this technology, working with mobile operators, telecoms equipment vendors and the satellite industry to help supercharge communications. We’re thrilled to receive this backing from a range of industry-leading investors combined with the continued backing ongoing support of our existing shareholders and look forward to the company’s continued rapid growth and innovative development."
— Tom Cronk, CEO
Series A
£7.0M

The funding round was led by Octopus Ventures with backing from IP Group and the UCL Technology Fund.

"We believe RRAM has the potential to become the backbone for the next generation of edge and IoT computers at a time when data hungry intelligent applications are becoming more and more prevalent"
— Mark Dickinson, CEO
£42.0M

The oversubscribed round was led by Bosch Ventures with backing from Porsche SE and British Patient Capital.

"The support of leading technology investors enables us to realise our vision of a quantum computer built using standard foundry processes. This support, along with the continuing UK national quantum programme and European initiatives, provides a step-change in our capabilities. We have assembled a world leading team and with the funding and support in place, we are ready to scale and deliver on our vision."
— James Palles-Dimmock, CEO
Series A
£0

The Southampton developer has completed a Series A round led by Foresight Ventures following its recent product launch at CES.

"We would like to welcome our new investors to Audioscenic and would also like to say a huge thank you to our existing investors for their past and continued support"
— David Monteith, CEO
Growth
£6.7M

AlbionVC led the investment round with participation from IP Group, Parkwalk, Hostplus, and Oxford Technology and Innovations EIS Fund.

"Citi Markets uses its deep software expertise to move faster and be more competitive. We find value in Diffblue’s auto-generation of test cases, which helps drive test consistency and coverage of our software. This frees up developers to focus on delivering higher quality software, faster – and improves our developers’ experience,"
— Jonathan Lofthouse
Series B
£35.0M

The financing round was co-led by Lansdowne Partners, Oxford Science Enterprises, and Parkwalk Advisors.

"Global agriculture needs a new Green Revolution if we are to feed the world sustainably. Being able to control weeds is critical to both yield and the cost of production in most crops and new herbicide modes of action are essential. It’s very exciting to see moa starting to play its part in this new revolution by advancing so far in such little time."
— Hadyn Parry, Chairman
Series A
£8.4M

The digital healthcare start-up secured backing from IP Group and Parkwalk Advisors to scale operations in Europe and the US.

"However, due to resource costs and poor logistics, current health systems cannot deliver the amount of therapy needed, with significant backlogs, and few patients receiving anywhere near what they require to get better. This is a common problem faced by hundreds of millions of patients around the world, with inefficient care pathways not only costing health systems hundreds of billions of dollars every year, but costing people a chance to live their lives to their full potential."
— Paul Rinne, CEO
Series B
£50.0M

The financing round was co-led by Tencent and Flerie Invest to support Phase 1b clinical studies and pipeline expansion.

"This major fundraise is a substantial validation of both our team and our world-leading technology. We are fortunate to have the support from new and current investors who have recognised the importance of the microbiome's therapeutic potential and Microbiotica's unique capabilities."
— Mike Romanos, Co-Founder and CEO
Series B
£35.0M

HydrogenOne Capital Growth led the Series B round with support from IP Group, Parkwalk Advisors, BGF, and the UCL Technology Fund.

"Hydrogen, through its green production from electrolysis or its use in fuel cells to provide clean power, is critical for the transition to net zero. Bramble Energy brings a fundamentally different approach to these technologies, unlocking the deployment of hydrogen faster, more flexibly and at scale. We are delighted to contribute substantially to this significant funding round which will take Bramble to the next stage."
— Jamie Vollbracht, Partner, Cleantech
Series A
£9.5M

The Oxford Science Enterprises-led round will support US expansion and continued domestic growth in healthcare.

"I’m delighted our investors have again demonstrated their belief in the vast potential that Navenio can bring by ensuring ‘right person, right place, right time’. Artificial intelligence is one of many technologies making a real-world impact in the health sector, and this investment enables the company to rapidly spearhead international digital transformation."
— Niki Trigoni, Founder and CTO
Series B
£39.0M

Morningside led the Series B financing to support regulatory approvals and market entry for clinical software treatments.

"At ieso, we’re looking to transform global mental health by unlocking the power of clinical data to develop AI-enabled digital therapeutics. Our experience delivering outstanding mental health care within the NHS ideally places us for starting to tackle this challenge. A new generation of clinically-validated digital mental health care products could ultimately improve millions of lives. But we cannot do this alone, and look forward to working with our patients, clinicians, investors, as well as existing and future partners, to better serve those who require mental health support."
— Nigel Pitchford, CEO
Series D+
£60.0M

The financing round was backed by Tencent, British Patient Capital, CMB International, Mayfair Equity Partners, and IP Group.

"The metaverse concept is not new to Ultraleap. It has always been our mission to remove boundaries between physical and digital worlds. The pandemic has accelerated the rise of the term as more people now understand the power of enhancing the physical world with digital elements."
— Tom Carter, CEO
Series B
£10.0M

The investment coincides with a commercial partnership to integrate autonomous vehicle software into warehouse and delivery operations.

"We are excited about the opportunity to work with Oxbotica to develop a wide range of autonomous solutions that truly have the potential to transform both our and our partners’ CFC and service delivery operations, while also giving all end customers the widest range of options and flexibility."
— Alex Harvey
Seed
£1.4M

The seed round was led by UCL Technology Fund and IP Group to help fund memory device prototyping.

"Existing memory technologies, such as Flash, are reaching the limits of their capabilities – particularly in embedded systems such as those we need in IoT devices. Intrinsic’s memristor technology will transform next generation systems by combining high performance with ease of integration in digital CMOS. By basing our devices on silicon oxide, we ensure that they are as simple and as cheap to integrate with silicon-based electronics as it is possible to be."
— Tony Kenyon, Professor
Series B
$47.0M

The Series B round was led by bp ventures with participation from a global investor syndicate.

"We are very excited about the amazing endorsement we have received from new and existing investors. This round of investment marks a key chapter in Oxbotica’s continued growth and pushes us forward in commercialising our autonomous software today, through key strategic go-to-market partnerships. The high-quality and global footprint of our investors cements our position as a leader in autonomy. We will use funds raised to accelerate the global deployment of our transformative technology."
— Ozgur Tohumcu, CEO
Seed
£1.6M

The funding round was led by Foresight Group and Williams Advanced Engineering alongside existing backer IP Group.

"Audioscenic is changing the way we experience audio and we are delighted that Foresight Williams is now supporting us on this mission and that IP Group is continuing its excellent support. We have developed world leading 3D audio technology that we have already started applying to consumer applications; this funding will help us build the team further and drive the adoption of our technology faster. We are excited to leverage FWTs expertise and assistance to help us deliver our vision of personal audio reproduction systems into the Automotive and Simulator markets."
— David Monteith, CEO
Series A
£5.8M

The University of Southampton spinout secured Series A backing from IQ Capital, Bloc Ventures, and the IP Group to scale its operations.

"From gaming and VR to automated robotic manufacturing lines and telemedicine, the use cases on the road to 5G appear almost limitless. But a critical roadblock remains – latency. For more than 15 years a research team led by Prof. Maunder, first at the University of Southampton and now at AccelerComm, has been working to solve the challenge to deliver on the 5G promise of a low latency, high throughput experience. We are delighted to have closed our Series A funding round, which will help us further develop and deploy our already market leading technology to help improve the efficiency of networks for many years to come."
— Tom Cronk, CEO
Series B
£3.6M

The financing round was led by Foresight Williams Technology to support product rollout and grid balancing services.

"This round comes at an exciting time in markets across the UK, Western Europe and North America. With recent pledges to transition from natural gas in new build properties by 2025 across Europe along with unprecedented volatility in the UK’s electricity balancing market, Mixergy is well positioned to accelerate the low carbon transition through relationships with low cost manufacturing supply chains that cater to a global market."
— Peter Armstrong, CEO
Series A
£20.5M

Marubeni Corporation led the equity investment to accelerate the company market growth across sub-Saharan Africa.

"We are delighted today to announce the equity investment by Marubeni Corporation and existing shareholders. The entry of a leading player in the international energy market into this sector demonstrates the increasing maturity of off-grid power and its role in serving the 600 million people in Africa that still lack access to electricity,"
— Simon Bransfield-Garth, CEO
Series B
£39.8M

The financing round was led by RT Ventures and will support the US commercial roll-out of the company test.

"This Series B financing allows us to commercialize our lead product in patients with advanced lung cancer, following our positive reimbursement decision. We also have an exciting portfolio of future products that will be advanced in parallel to maximize the benefits of our industry-leading InVision Liquid Biopsy platform to patients. We are grateful to our existing investors for their continued support and are delighted to welcome RT Ventures to our already strong investor base. With these funds in place, we look forward to continuing our mission to transform the lives of cancer patients through the power of liquid biopsy."
— Clive Morris, Chief Executive Officer
Series D+
£25.0M

Insight Venture Partners and MissionOG led the £25m funding round.

"We have made tremendous progress over the last 15 months since our last fund raising – and this fund raise is the largest to date. The additional funds will enable us to continue rapidly growing the business internationally by focusing on our products, our people and our customers."
— Martina King, CEO