IQ Capital

IQ Capital participated in Nyobolt's Series c in May 2026, joining a round led by Symbotic and backed by Scania Invest, CBMM, and Latitude. The Nyobolt investment continues IQ Capital's pattern of backing Cambridge-ecosystem deeptech companies across multiple rounds; the firm has co-invested in UK quantum, battery technology, and AI infrastructure plays across its portfolio.

IQ Capital is a Cambridge-headquartered seed-to-growth venture firm founded in 2006. It focuses exclusively on deep technology — defined as hardware-enabled Science breakthroughs in areas including semiconductors, photonics, quantum, robotics, and materials — and is one of the few UK firms with a credible multi-stage capability from pre-seed through Series c. Its close proximity to the Cambridge Science ecosystem gives it early visibility on university spinouts. Partners include Kerry Baldwin and Max Bautin among others. The firm manages multiple funds across its history with a combined AUM in the hundreds of millions of pounds.

IQ Capital's recurring presence across UK deeptech rounds — Quantum computing (Quantum Motion, Riverlane), battery tech (Nyobolt), and AI hardware — makes it one of the most consistent institutional investors in the Cambridge cluster. Its participation signals that Nyobolt's technical credibility has been validated through multiple financing cycles by the same lead-diligence firm.