IQ Capital Partners has officially been launched following an MBO of NW Brown Group’s early stage investing activities.
With total funds under management of £35m ,IQ Capital Partners has been created by Cambridge based fund managers and venture capital investors Nigel Brown, Ed Stacey, Max Bautin and Kerry Baldwin.
IQCP is an independent and integrated early stage technology venture capital business, which manages the recently established IQ Capital Fund I, as well as two seed funds.IQCP will also manage the GEIF, one of the UK’s highest-profile business angel networks.
What are described as “IQ Angels” will be central to the model, private investors with strong industry expertise, who can dedicate significant time, investment and expertise in supporting investments alongside IQCP.
The IQCP team will provide funding from £0.1 million upwards - predominantly to early-stage technology businesses - with the capacity to make available up to £3 million per investee. The current portfolio includes Shortfuze, Spikes Cavell, OnRelay and 25 seed investments.
Nigel Brown, chairman of IQCP said: “Helping early stage companies has been the main focus of my work for more than a decade and I am delighted to be continuing this with the IQ CAPITAL team.
“I have made the decision to step back and take a more active role in this new business, which I feel has the perfect blend of experience, energy and opportunity. I am looking forward to building a VC business which can really service nascent technology businesses whilst delivering excellent returns to investors.”
Max Bautin, a founder partner of IQCP added: “A key element in this is investing and working alongside ‘IQ Angels’, who we know from experience make a huge difference in helping investments by utilising their sector specific experience and contacts.”