IQ Capital specialises in backing IP-rich technology businesses with a track record of stable growth.
The investment will provide working capital to support the continued scale up of the company.
"Spectral Edge continues to pioneer in the imaging sector, with market opportunities across a broad range of sectors. We are proud to have Spectral Edge within our portfolio of deep tech companies, all developing leading-edge AI and generating strong IP."
The privacy engineering software company raised £13m from Partech Ventures, CME Ventures and Salesforce Ventures to scale its operations.
"Advanced analytics and machine learning applications are fuelled by data, which is often sensitive. Privitar’s software enables our customers to innovate rapidly while maintaining an uncompromising approach to data privacy. We believe the use of technological controls to protect privacy is essential to preserve customer trust in the data-driven economy."
IQ Capital led the Series B round with participation from several co-investors to advance the company laboratory research tools.
"IQ Capital are a long standing client of ours – we helped them set up both their current IQ Capital Fund II and its predecessor, IQ Capital Fund I. We are delighted to see them so actively investing out of their latest fund and particularly in Fluidic Analytics, a local business with an exciting and entrepreneurial management team developing truly disruptive technology."
The investment round was supported by IQ Capital, Parkwalk Advisors and a group of angel investors.
"After having proved the potential of our innovative Phusion technology, this new funding provides Spectral Edge with a springboard for growth,"
The digital advertising technology company secured the capital from co-leads IQ Capital and Draper Esprit alongside existing backers.
"We are delighted to have been able to work again with Grapeshot on this latest fundraising which will be vital to enable it to accelerate its business growth and scale up and to continue its global expansion. With brands and businesses seeking ever increasingly sophisticated methods of targeting, engaging with and defending their customer bases, Grapeshot is ideally positioned to become a global leader in this busy and thriving sector."
