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17 June, 2020 - 09:19 By Tony Quested

High IQ as VC firm bolsters deep-tech talent base

IQ Capital, the deep-tech venture capital firm based in Cambridge and London, has appointed Cambridge University alumnus Simon Hirtzel as General Partner and made three more key hires in defiance of economic conditions.

The fresh quartet give IQ crucial firepower as it seeks to unlock new investments in its game-changing funds.

Hirtzel holds a degree in Natural Sciences and served as Chief Financial Officer at PA Consulting Group until 2007, then as Chief Operating Officer of Kreos Capital, Europe's leading growth debt provider for high-growth companies. 

In his new role at IQ Capital, Hirtzel will focus on building relationships to further IQ’s ambitions of taking companies through their entire growth cycle, from seed to exit.

He brings to IQ his experience of managing operations, finance and compliance teams, providing deal-level support to portfolio companies, and execution of overall fund strategy.

The appointment builds on IQ Capital’s £140 million IQ Fund III investing at Seed and Series A and the £100m IQ Growth Opportunities Fund which provides later-stage capital to its existing venture portfolio, with investments including the portfolio’s outperformers Privitar, Thought Machine and Concirrus.

The thriving firm has also appointed Georg Glatz as Principal Investor, Mado Tocquin as Digital Marketing Manager, and Jo Slota-Newson as Investor. With a deep-tech and cyber security background, Georg has extensive experience working in start-ups, tech M & A and VC, most recently with Nauta Capital. 

At IQ he will be leading new investments within the growing portfolio of thought leading deep-tech companies. Mado Tocquin has held several roles working in the tech industry, and will be responsible for IQ’s digital marketing and portfolio community management. 

Jo Slota-Newson has extensive experience in the tech and VC industries, and previously worked as Investment Manager at Mercia Asset Management. Jo will be joining IQ in July.

Simon Hirtzel said: “IQ is in an exciting space in the market and is very well positioned, with four high-performing funds that demonstrate their expertise in IP-rich investment. 

“The firm has also demonstrated that it is on an exciting trajectory, in particular with the recent Growth Opportunities Fund in bringing their investments to fruition. 

“I have joined to build on the quality and standards that IQ has already developed to attract institutional investment into the deep tech space.”

Max Bautin, managing partner at IQ Capital added: “We are hugely excited to have Simon on-board at this important phase of our growth and the excellent opportunity that lies ahead in the early stage deep tech space. 

“Like all IQ team members, Simon has a love of technology and deep tech expertise. He also brings valuable institutional experience to the firm – having gone through a similar trajectory at Kreos. 

“Simon will play a key role in creating further relationships with institutional LPs and will help us grow our deep tech growth capital strategy. The appointments of Simon, Georg, Mado, and Jo are other important steps in continuing to expand IQ Capital’s operating capability.”

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