SYSTEMIQ Capital London, GB
Systemiq Capital is a London-based climate-tech venture firm investing from late seed to Series A/B rounds across the UK, Europe and the US. It backs founders redefining the physical economy in areas including electrification, decoding nature, and applied AI, connecting them with a network of global business leaders, policymakers, and climate experts.
Founded —
Type Venture capital 3 SYSTEMIQ Capital Fund III 2026-03 2026-03 — Listed in market with March 2026 open date; size locked [Private Equity International institution profile](https://www.privateequityinternational.com/institution-profiles/systemiq-capital.html), undated, accessed 2026-10-06 Newer fundraising lead, directly read. No verified target, first close or final close amount. Profile also includes clearly marked sample rows, which were excluded.
Fund II 2022-07-14 2022-07-14 $70M OfficialFIRSTCLOSEUSD70M targetUSD200M;2024offeringUSD114791420sold20350000scopeunreconciled; PitchBook100Mclosed2023-01-01secondaryunresolved. No finalsizeclaim.
Fund I 2018 2018 — Launched2018; USD30MDEPLOYEDinto19companiesbyJuly2022, notverifiedcommitments orAUM; predecessorSystemiqventureportfolio.
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$4M $230K – $9M London — — – — — — – — — — – — — — – — — — – — — — – — — — – —
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$30M 2026-03-19 Claros General Catalyst , Red Cell Partners , SYSTEMIQ Capital $— 2026 Ecomid SYSTEMIQ Capital $33M 2025-12-01 Mixx Technologies SYSTEMIQ Capital , TDK Ventures $35M 2025-11-20 Archetype AI SYSTEMIQ Capital $30M 2025-11-17 Electronx DCVC , Innovation Endeavors , SYSTEMIQ Capital $10M 2025-02-19 Electronx SYSTEMIQ Capital , Innovation Endeavors $— 2025-02-06 Podero Planet A Ventures , SYSTEMIQ Capital $— 2024-11-14 Tangible MMC Ventures , SYSTEMIQ Capital $20M 2022-12-13 Basecamp SYSTEMIQ Capital , Hummingbird Ventures $22M 2022-10-21 Hoxton Farms Founders Fund , Collaborative Fund , CPT Capital , Sustainable Food Ventures , SYSTEMIQ Capital , AgFunder , BACKED VC $— 2022-06-29 Circulor SYSTEMIQ Capital $54M 2021-10-21 Jupiter DCVC , SYSTEMIQ Capital $— Unknown date Brimstone SYSTEMIQ Capital $— Unknown date Subbyx SYSTEMIQ Capital $— Unknown date Apolitical SYSTEMIQ Capital $— Unknown date Nautilus Labs SYSTEMIQ Capital $— Unknown date Jupiter Intelligence SYSTEMIQ Capital $— Unknown date Electronx SYSTEMIQ Capital $10M Unknown date OpenInvest Y Combinator , SYSTEMIQ Capital , Wireframe Ventures , Andreessen Horowitz , Abstract Ventures , QED Investors $9M 2023-05-30 Qflow SYSTEMIQ Capital , MMC Ventures $— 2020 Dendra SYSTEMIQ Capital
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team@apexlogos.ai · 5 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund size and status
| Vehicle or metric | Amount/status | Evidence and date | Interpretation |
|---|---|---|---|
| Fund I | Launched 2018; $30m deployed into 19 companies by July 2022 | [Official announcement](https://www.systemiq.earth/systemiq-capital-climate-tech-fund/ ), 2022-07-14 | Deployment, not verified committed fund size or AUM. |
| Fund II | **$70m first close; $200m fundraising target** | Same official 2022-07-14 announcement | $200m must not be recorded as a completed fund raise. |
| Fund II regulatory offering | $114,791,420 total offering; $20,350,000 sold; $94,441,420 remaining | [SEC Form D](https://www.sec.gov/Archives/edgar/data/2008000/000089706924000781/xslFormDX01/primary_doc.xml ), filed 2024-03-26, first sale 2023-11-08 | Filing-specific securities offering figures. They do not establish total global fund commitments or replace the 2022 first-close figure; scope is not reconciled. |
| Climate Fund II, secondary closed-fund listing | $100m, close date 2023-01-01 | [PitchBook 2025 Climate Tech Funds Report](https://files.pitchbook.com/website/files/pdf/2025_Climate_Tech_Funds_Report_20088.pdf ), p. 9, data as of 2025-08-18 | Later secondary evidence of a $100m closed vehicle, but precise date/vehicle mapping and official final-close corroboration remain missing. |
| Fund III | Listed in market with March 2026 open date; size locked | [Private Equity International institution profile](https://www.privateequityinternational.com/institution-profiles/systemiq-capital.html ), undated, accessed 2026-10-06 | Newer fundraising lead, directly read. No verified target, first close or final close amount. Profile also includes clearly marked sample rows, which were excluded. |
Searches covered Fund II final close, Fund III and 2024–2026 fund news. No newer official amount was established. The latest **official quantified public announcement found** is Fund II's first close; it should not be presented as the latest fund or final total. No verified total AUM or current check-size range was found.
Funds recorded in Adex after this review:
| Fund | Disclosed amount | Announcement / filing date |
| --- | --- | --- |
| Fund I | Undisclosed / unverified | 2018 |
| Fund II | USD 70000000 | 2022-07-14 |
| SYSTEMIQ Capital Fund III | Undisclosed / unverified | 2026-03 | SHOW MORE
team@apexlogos.ai · 6 hours ago
Match research 2026-10-06 / SystemiqCapital / sha256:e4a529c19c559edbe7bf1ba0b203c3f09390b4fb3c9ed7beb847fba60a5d5bcf / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
| **InnerPlant** | Genetically engineered plants emit optical stress signals, creating crop-monitoring biotechnology rather than ordinary farm SaaS. | Participant in $30m Series B led by Coutts Agro, 2024-07-25. | [Official company-hosted reporting](https://innerplant.com/exclusive-innerplant-bags-30m-series-b-led-by-its-ideal-investors-an-alliance-of-north-american-farmers/ ), 2024-07-25; [company counsel Fenwick](https://www.fenwick.com/insights/experience/fenwick-represents-innerplant-in-30m-series-b-funding ), 2024-07-25. |
| **ZeroAvia** | Hydrogen-electric aircraft propulsion and powertrain engineering. | SYSTEMIQ participated in $24.3m financing announced 2021-03-31, led by Horizons Ventures. | [Official investee announcement](https://zeroavia.com/zeroavia-secures-additional-24-3-million-to-kick-off-large-engine-development-for-50-seat-zero-emission-aircraft/ ), 2021-03-31. [Firm Fund II launch article](https://www.systemiqcapital.earth/news-and-insights/we-launched-systemiq-capital-fund-ii-6b89a ) identifies ZeroAvia as Fund I portfolio; original announcement context July 2022, migrated page date unreliable. Early round attribution is predecessor SYSTEMIQ, not an inferred Fund II investment. |
| **Brimstone** | Producing Portland cement from calcium-silicate rock rather than limestone, with novel chemical/process engineering. | Official firm portfolio verifies backing. $55m Series A announced the week before 2022-05-05; reviewed Activate article does not name SYSTEMIQ among investors. | [Activate](https://activate.org/news/brimstone-raises-55m-series-a ), 2022-05-05. **Company-level investment verified; specific round participation retained as a lead, not independently confirmed from this article.** |
| **Archetype AI** | Foundation model interpreting sensor data and physical-world behaviour; technically differentiated physical AI, classified as deep tech with more judgment than the hardware/biotech examples. | Participant in $35m Series A led by IAG Capital Partners and Hitachi Ventures, 2025-11-20. | [Official company blog](https://www.archetypeai.io/blog/archetype-ai-series-a ), date absent from retrieved text, accessed 2026-10-06; [dated company Business Wire release](https://markets.financialcontent.com/prnews/article/bizwire-2025-11-20-archetype-ai-raises-35m-to-scale-deployment-of-physical-agents-to-solve-real-world-problems ), 2025-11-20. |
Other official portfolio leads include NatureMetrics (environmental DNA), Greeneye Technology (precision spraying), Charm Industrial (carbon removal) and Dendra Systems (drone restoration, marked exited). Their specific rounds were not verified in this review. Applied-AI and climate-software holdings such as eComID, Subbyx, Apolitical, Qflow, Circulor and OpenInvest should not automatically receive deep-tech classification merely because they are portfolio companies.
## Neurotech findings
**No verified neurotech investment found in the sources checked.** Reviewed the saved portfolio claims, directly accessible NFX profile, full official portfolio, and searches combining SYSTEMIQ Capital with neurotech, neurotechnology, brain, neuroscience, neural and BCI. No named investment in neural sensing, brain stimulation, brain–computer interfaces or brain-specific therapeutic technology was established. Basecamp's broader protein discovery/health applications and Archetype's AI models are not evidence of direct neurotechnology. InnerPlant's biological signalling concerns crops, not nervous systems. This is a bounded search outcome, not a claim that no such investments exist.
## Conflicts, missing information and later Adex review
- Reconcile the $70m first close/$200m target with PitchBook's $100m closed-fund listing and the 2024 Form D offering figures before setting a single final fund-size field. Obtain official Fund II final-close confirmation and Fund III fundraising details.
- Retain origin in 2018 versus independent firm in 2022 as separate milestones. Avoid mixing consulting-company corporate funding with VC fund commitments.
- Snapshot participation amounts such as Mixx's $33m and Jupiter's $54m appear to represent total rounds; individual allocation is undisclosed. Review field semantics before copying amounts.
- Deduplicate Electronx/Electron X entries and Jupiter/Jupiter Intelligence aliases, preserving distinct genuine rounds. Jupiter snapshot stage labels conflict (Series B versus Series C); resolve against original funding announcement before review update.
- Claros now has dated official 2026 seed evidence; replace the unspecific 2025 attribution only after checking whether it describes an earlier distinct round.
- Brimstone backing is official but the inspected Activate source supports round size/technology rather than investor attribution. Validate that round with an explicit company funding announcement.
- No verified current check range, total AUM, Fund I committed size, or fund vehicle allocation for most investments. Team roles are not fully reverified; no partner's prior-firm deals were counted.
- All web sources above were accessed 2026-10-06. Dates described as missing remain missing; search crawl dates were not substituted for publication dates. Only this research file was written; no MCP Patch or Adex/database update is authorized. SHOW MORE
team@apexlogos.ai · 6 hours ago
Match research 2026-10-06 / SystemiqCapital / sha256:e4a529c19c559edbe7bf1ba0b203c3f09390b4fb3c9ed7beb847fba60a5d5bcf / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# SYSTEMIQ Capital
- **Exact Adex ID:** `SystemiqCapital`
- **Canonical Adex URL:** https://adex.page/firms/SystemiqCapital
- **Research date:** 2026-10-06
- **Status:** Completed research for later Adex review; no database changes made.
SYSTEMIQ Capital is a London venture firm focused on the physical economy. Its current website describes Series A +/− investing across the UK, Europe and US, with Electrification, Decoding Nature and Applied AI themes. Verified deep-tech exposure includes silicon photonics, power electronics, engineered plants, cultivated fat, protein discovery, hydrogen aviation and cement chemistry. No verified neurotech investment found in the sources checked. Fund II has an official $70m first-close announcement, while later secondary and regulatory evidence requires reconciliation; a Fund III fundraising lead exists but its amount is not publicly confirmed here. [Official website](https://www.systemiqcapital.earth/ ) (undated, accessed 2026-10-06).
## Starting evidence and identity
The saved exact-ID Adex MCP snapshot, `data/research/_sources/SystemiqCapital.adex.json`, was retrieved 2026-10-06 at 19:29:35 UTC. It describes a London climate-tech investor backing late seed–Series A/B across the UK, Europe and US. Its investor-profile check minimum, maximum and sweet spot are null. It contains 21 investment participations, including duplicate Electronx and Jupiter/Jupiter Intelligence entries, and names team members including Irena Spazzapan, Jessica Stewart, George Darrah and Jasper Wigley. The snapshot is starting evidence rather than independent verification.
The [NFX Signal exact firm profile](https://signal.nfx.com/firms/systemiq-capital ) was directly read on 2026-10-06. It identifies London and shows a co-investor list including Founder Collective, Sweet Capital, Creandum, Paladin Capital Group and General Catalyst. Its accessible text did not provide fund size, stage mandate, check sizes or a populated team section. These omissions are access/content limitations, not evidence that the firm lacks such information. Signal co-investor claims were not used to establish individual investments.
The firm originated within Systemiq in 2018 and became independent in 2022, according to [Systemiq's official business-innovation page](https://www.systemiq.earth/services/accelerating-business-innovation/ ) (undated, accessed 2026-10-06). This distinction matters for early announcements naming only SYSTEMIQ: those should be linked to the venture predecessor with supporting portfolio evidence, rather than automatically attributed to every entity using the Systemiq brand.
## Fund size and status
| Vehicle or metric | Amount/status | Evidence and date | Interpretation |
|---|---|---|---|
| Fund I | Launched 2018; $30m deployed into 19 companies by July 2022 | [Official announcement](https://www.systemiq.earth/systemiq-capital-climate-tech-fund/ ), 2022-07-14 | Deployment, not verified committed fund size or AUM. |
| Fund II | **$70m first close; $200m fundraising target** | Same official 2022-07-14 announcement | $200m must not be recorded as a completed fund raise. |
| Fund II regulatory offering | $114,791,420 total offering; $20,350,000 sold; $94,441,420 remaining | [SEC Form D](https://www.sec.gov/Archives/edgar/data/2008000/000089706924000781/xslFormDX01/primary_doc.xml ), filed 2024-03-26, first sale 2023-11-08 | Filing-specific securities offering figures. They do not establish total global fund commitments or replace the 2022 first-close figure; scope is not reconciled. |
| Climate Fund II, secondary closed-fund listing | $100m, close date 2023-01-01 | [PitchBook 2025 Climate Tech Funds Report](https://files.pitchbook.com/website/files/pdf/2025_Climate_Tech_Funds_Report_20088.pdf ), p. 9, data as of 2025-08-18 | Later secondary evidence of a $100m closed vehicle, but precise date/vehicle mapping and official final-close corroboration remain missing. |
| Fund III | Listed in market with March 2026 open date; size locked | [Private Equity International institution profile](https://www.privateequityinternational.com/institution-profiles/systemiq-capital.html ), undated, accessed 2026-10-06 | Newer fundraising lead, directly read. No verified target, first close or final close amount. Profile also includes clearly marked sample rows, which were excluded. |
Searches covered Fund II final close, Fund III and 2024–2026 fund news. No newer official amount was established. The latest **official quantified public announcement found** is Fund II's first close; it should not be presented as the latest fund or final total. No verified total AUM or current check-size range was found.
## Investment stages and current strategy
The current [official homepage](https://www.systemiqcapital.earth/ ) supports **Series A +/−** and UK/Europe/US geography (accessed 2026-10-06). The [official Fund II product disclosure](https://static1.squarespace.com/static/6814cdc32eeef02ea06de55f/t/6841ae12736fcc2307a0a12f/1749134866822/Website%2BProduct%2BDisclosure.pdf ) explicitly supports **late seed to Series A/B**, equity/equity-like minority positions, typically 5–10% ownership. Publication date not clear; accessed 2026-10-06. Its older four-theme framing includes sustainable food/materials, clean transport, climate intelligence/finance and climate restoration. Preserve the distinction between that vehicle mandate and the current three-theme website language. Historical verified transactions below include seed, Series A and Series B; they do not imply an unrestricted growth-stage mandate.
## Named previous deep-tech investments
All amounts below are **whole-round totals**, not SYSTEMIQ Capital's individual checks. Portfolio attribution is also supported by the [official portfolio](https://www.systemiqcapital.earth/portfolio-overview ) (undated, accessed 2026-10-06). Technology classifications are research judgments based on the cited descriptions.
| Company | Technology rationale | Attribution, round and date | Supporting evidence |
|---|---|---|---|
| **Mixx Technologies** | Silicon-integrated optical engines and optical connectivity for AI computing; substantive photonics/packaging engineering. | Participant in $33m Series A led by ICM HPQC Fund, 2025-12-01. | [TDK Ventures announcement](https://tdk-ventures.com/news/announcements/tdk-ventures-invests-in-mixx-technologies-to-accelerate-deployment-of-breakthrough-ai-optical-interconnect-platform/ ), 2025-12-01; [firm investment rationale](https://www.systemiqcapital.earth/news-and-insights/why-we-invested-in-mixx-technologies ), displays Mar 25 without year, accessed 2026-10-06. |
| **Claros** | Integrated voltage regulators and DC-native data-centre power distribution; semiconductor/power-electronics development. | Participant in $30m seed co-led by General Catalyst and Red Cell Partners, 2026-03-19. | [Official CEO announcement](https://claros.tech/redefining-data-center-energy-infrastructure-from-chip-to-grid/ ), 2026-03-19; [Data Center Dynamics](https://www.datacenterdynamics.com/en/news/power-management-company-claros-raises-30m-seed-round/ ), 2026-03-26. This improves the snapshot's generic 2025/aggregator lead. |
| **Basecamp Research** | Biodiversity-derived genetic data, deep learning and computational protein design. | SYSTEMIQ Capital led $20m Series A in December 2022. | [Firm Q4 update](https://systemiqcapital.substack.com/p/festive-fun-systemiq-capitals-q4 ), Q4 2022, exact publication day not established; explicitly assigns Basecamp to Fund II. [NutraIngredients reporting](https://www.nutraingredients.com/Article/2022/12/21/Basecamp-Research-raises-20M-to-map-life-on-earth-and-design-proteins-to-match/ ), 2022-12-21. |
| **Hoxton Farms** | Cultivated animal fat using stem cells, modelling and bioprocess development. | Participant in $22m Series A led by Collaborative Fund and Fine Structure Ventures; announced 2022-10-20. | [Company release reproduced by Protein Report](https://www.proteinreport.org/newswire/hoxton-farms-raises-22m-series-solve-big-fat-problem-meat-alternatives ), 2022-10-20; [company counsel Goodwin](https://www.goodwinlaw.com/en/news-and-events/news/2022/10/10_24-hoxton-farms-completes-22-million ), 2022-10-24. Firm Q4 update explicitly assigns it to Fund II. | SHOW MORE
team@apexlogos.ai · 22 days ago
MATCH 
OpenInvest$10M · Unknown date
Hoxton Farms$22M · 2022-10-21
Andreessen Horowitz
BACKED VC
Founders Fund
General Catalyst
Claros$30M · 2026-03-19
Hummingbird Ventures
Basecamp$20M · 2022-12-13
Planet A Ventures
Podero$— · 2025-02-06
TDK Ventures
Mixx Technologies$33M · 2025-12-01
Y Combinator
