IQCapital Fund Receives €64 Million Injection of Capital
IQCapital, the fund ran by InnovationQuarter announced that its fund received a €64 million expansion, bringing its total size to about €140 million. The investment from the ministry of Economic Affairs and Climate, and existing stakeholders, will be used to support innovative businesses in the region of South-Holland. This in turn will lead to an even more attractive investment climate for tech businesses.
Liduina Hammer, Head of Investments at InnovationQuarter commented on the extra funds: “The solutions to the large societal challenges we face in a digitalizing world cannot be found without investment in groundbreaking technologies. With these extra funds we can help scale-ups and startups reach their next phase, as well as invest in more deeptech and high-tech propositions.”
InnovationQuarter previously invested in cybersecurity companies such as Cybersprint and 'Meld Een Vermoeden', and additionally a ‘fund in fund’ investment in the Dutch Security Techfund ran by TiiN Capital. Because of this, over 25 million digital systems were protected from being hacked.
Read the official press release.
Read the article in AD (in Dutch).