IP Group

IP Group is a venture capital investment firm established in 2001 and headquartered in London, United Kingdom. The company's primary focus is on the commercialization of intellectual property developed by research-intensive institutions, leveraging its expertise to create value for shareholders and partners. IP Group specializes in identifying and nurturing promising intellectual property, facilitating the development of businesses, and forming strategic commercial partnerships. With a strong background in both industry and finance, the firm has built a solid track record of delivering consistent results across various sectors, including clean technology, life sciences, and deep technology.

Alan Aubrey

CEO

Dani Bach

Partner, Life Sciences

Manjari Chandran-Ramesh

Investment Director

Kelsey Lynn

Partner, Technology

Michael Molinari

Managing Director, IP Group Australia

Ben Murphey

Investment Director

Greg Smith

CEO and Board Member

Lee Thornton

Partner, Technology

Robert Trezona

Partner, Head of Cleantech

Sam Williams

Managing Partner, Life Sciences

Ian Wilson

Investment Manager

Moray Wright

CEO, Parkwalk Advisors

Ben Murphy

Investment Director, Kiko Ventures

Past deals in Augmented Reality

SLAMcore

Series A in 2022
SLAMcore Limited specializes in developing simultaneous localization and mapping (SLAM) solutions tailored for various applications, including robotics, augmented reality, and autonomous vehicles. Founded in 2016 and based in London, the company has created advanced SLAM software that enables robots and devices equipped with outward-facing sensors to understand and navigate unfamiliar environments. Their technology includes Visual SLAM, sensor fusion, and Event Camera SLAM, which collectively enhance real-time spatial understanding. By fusing data from multiple sensors, SLAMcore's platform utilizes computer vision and machine learning to improve the efficiency and accuracy of robotic systems. The company offers a software development kit (SDK) that facilitates rapid prototyping for commercial products, allowing for customization on standard computing platforms. Through partnerships with original equipment manufacturers, SLAMcore aims to integrate its core technology into everyday products, making spatial intelligence more accessible and practical in various industries.

Ultraleap

Series D in 2021
Ultraleap Limited specializes in haptic control systems and 3D hand tracking technology, focusing on creating immersive user experiences. The company is recognized for its innovative haptic technology that utilizes ultrasound to generate tactile sensations in mid-air, allowing users to feel three-dimensional shapes and textures without physical contact. Its key products include the Leap Motion Controller, which tracks hand movements; the VR Developer Mount, designed for virtual reality applications; and the Gemini hand tracking platform. Ultraleap's solutions cater to a variety of industries, including extended reality, automotive, digital signage, industrial automation, consumer electronics, and location-based entertainment. Established in 2013 and headquartered in Bristol, United Kingdom, Ultraleap also has a subsidiary in Silicon Valley, United States. The company was previously known as Ultrahaptics until its rebranding in September 2019.

WaveOptics

Series C in 2019
WaveOptics, Ltd. is a designer and manufacturer of advanced augmented reality display technology, specializing in diffractive waveguides for wearable devices. Founded in 2014 and based in Abingdon-on-Thames, United Kingdom, the company focuses on creating optical components that enhance the augmented reality experience. Their patented technology utilizes waveguide hologram physics and photonic crystals, allowing for lightweight, high field-of-view displays in full RGB color. By employing thin transparent substrates embedded with nanostructures, WaveOptics' devices manipulate light to generate images without the need for bulkier components traditionally used in AR systems. The company has established strategic partnerships with industry leaders such as Compal, Wistron, and Plessey to further its mission in the augmented reality market.

WaveOptics

Series C in 2018
WaveOptics, Ltd. is a designer and manufacturer of advanced augmented reality display technology, specializing in diffractive waveguides for wearable devices. Founded in 2014 and based in Abingdon-on-Thames, United Kingdom, the company focuses on creating optical components that enhance the augmented reality experience. Their patented technology utilizes waveguide hologram physics and photonic crystals, allowing for lightweight, high field-of-view displays in full RGB color. By employing thin transparent substrates embedded with nanostructures, WaveOptics' devices manipulate light to generate images without the need for bulkier components traditionally used in AR systems. The company has established strategic partnerships with industry leaders such as Compal, Wistron, and Plessey to further its mission in the augmented reality market.

Ultraleap

Series C in 2018
Ultraleap Limited specializes in haptic control systems and 3D hand tracking technology, focusing on creating immersive user experiences. The company is recognized for its innovative haptic technology that utilizes ultrasound to generate tactile sensations in mid-air, allowing users to feel three-dimensional shapes and textures without physical contact. Its key products include the Leap Motion Controller, which tracks hand movements; the VR Developer Mount, designed for virtual reality applications; and the Gemini hand tracking platform. Ultraleap's solutions cater to a variety of industries, including extended reality, automotive, digital signage, industrial automation, consumer electronics, and location-based entertainment. Established in 2013 and headquartered in Bristol, United Kingdom, Ultraleap also has a subsidiary in Silicon Valley, United States. The company was previously known as Ultrahaptics until its rebranding in September 2019.

Ultraleap

Series B in 2017
Ultraleap Limited specializes in haptic control systems and 3D hand tracking technology, focusing on creating immersive user experiences. The company is recognized for its innovative haptic technology that utilizes ultrasound to generate tactile sensations in mid-air, allowing users to feel three-dimensional shapes and textures without physical contact. Its key products include the Leap Motion Controller, which tracks hand movements; the VR Developer Mount, designed for virtual reality applications; and the Gemini hand tracking platform. Ultraleap's solutions cater to a variety of industries, including extended reality, automotive, digital signage, industrial automation, consumer electronics, and location-based entertainment. Established in 2013 and headquartered in Bristol, United Kingdom, Ultraleap also has a subsidiary in Silicon Valley, United States. The company was previously known as Ultrahaptics until its rebranding in September 2019.

Ultraleap

Series A in 2015
Ultraleap Limited specializes in haptic control systems and 3D hand tracking technology, focusing on creating immersive user experiences. The company is recognized for its innovative haptic technology that utilizes ultrasound to generate tactile sensations in mid-air, allowing users to feel three-dimensional shapes and textures without physical contact. Its key products include the Leap Motion Controller, which tracks hand movements; the VR Developer Mount, designed for virtual reality applications; and the Gemini hand tracking platform. Ultraleap's solutions cater to a variety of industries, including extended reality, automotive, digital signage, industrial automation, consumer electronics, and location-based entertainment. Established in 2013 and headquartered in Bristol, United Kingdom, Ultraleap also has a subsidiary in Silicon Valley, United States. The company was previously known as Ultrahaptics until its rebranding in September 2019.

Ultraleap

Seed Round in 2014
Ultraleap Limited specializes in haptic control systems and 3D hand tracking technology, focusing on creating immersive user experiences. The company is recognized for its innovative haptic technology that utilizes ultrasound to generate tactile sensations in mid-air, allowing users to feel three-dimensional shapes and textures without physical contact. Its key products include the Leap Motion Controller, which tracks hand movements; the VR Developer Mount, designed for virtual reality applications; and the Gemini hand tracking platform. Ultraleap's solutions cater to a variety of industries, including extended reality, automotive, digital signage, industrial automation, consumer electronics, and location-based entertainment. Established in 2013 and headquartered in Bristol, United Kingdom, Ultraleap also has a subsidiary in Silicon Valley, United States. The company was previously known as Ultrahaptics until its rebranding in September 2019.
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