Where is ICG's headquarters located?

ICG's headquarters is located in London ( United Kingdom ).

How big is ICG's investment team?

ICG has a team of 26, including 10 partners.

How many companies has ICG invested in?

ICG has invested in 38 companies, including Visma & Eliem Therapeutics.

Which companies has ICG invested in lately?

Lomond & F2g are the latest investments by ICG.

What sectors does ICG focus on for investments?

Top sectors in ICG's portfolio are Enterprise Applications (6 investments) and Life Sciences (5 investments).

How many exits has ICG been involved in?

ICG's portfolio has seen 1 IPO and 13 acquisitions.

How many unicorns are there in ICG's portfolio?

There is 1 unicorn in ICG's portfolio.

ICG - 2025 Investor Profile, Team & Investment Trends - Tracxn

ICG, established in 1989, is a private debt fund primarily based in London, United Kingdom. It specializes in financing Seed round of companies based in United Kingdom. Its portfolio includes 38 firms, spanning the Enterprise Applications, Life Sciences sectors.

As of Jun 2025, ICG has 1 unicorn under its belt and has witnessed 14 portfolio exits so far. Its most notable investments include companies like Visma, Eliem Therapeutics and Workhuman.

Its latest investment was a Undisclosed Seed round in Lomond on Dec 05, 2024.

Key Metrics

Founded Year

1989

Location

London, United Kingdom

Portfolio Companies

Visma, Eliem Therapeutics & 36 more

Sectors of Investment

Enterprise Applications, Life Sciences & 19 more

Stages of Investment

Seed, PE & 8 more

Locations of Investment

United Kingdom, United States & 10 more

Unicorn in Portfolio

Workhuman

ICG has a portfolio of 38 companies. Their latest investment was in Lomond(Seed Round) on Dec 05, 2024. They have 1 unicorn in their portfolio - Workhuman. They have had 6 portfolio exits. Most notable exits include Eliem Therapeutics, and .

View all companies in ICG's Portfolio

ICG has invested in 84 companies over the last 15 years, with an average of 3 new investments annually in the last 10 years. In 2024, it made 6 investments. Its most recent first time investment was in Lomond and most recent follow-on round was in Uriach.

Here are ICG's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	0	0	0
2024	6	0	6
2023	7	1	8
2022	4	0	4
2021	6	1	7
2020	4	0	4
2019	0	0	0
2018	0	0	0
2017	1	0	1

View all investments by ICG

ICG has made 8 investments in Seed stage with an average round size of $2.1M, 6 investments in PE stage with an average round size of $225M and 4 investments in Unattributed stage.

Here are ICG's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Seed	8
PE	6
Unattributed	4
Series A	3
Series C	3
Others	8

View all investments by ICG

ICG has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, Business Services, Energy and Environment. Notably, it has invested in 15 Enterprise (B2B) companies, 13 Tech companies, 5 Software companies and at least 4 companies focusing on Consumer (B2C).

Here are ICG's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	6
Life Sciences	5
Business Services	4
Energy	4
Environment	3
Others	27

View all investments by ICG

ICG has made most investments in United Kingdom (10), followed by United States where it has made 6 investments.

Here are ICG's investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
United Kingdom	10
United States	6
France	4
Norway	2
South Korea	2
Others	7

View all investments by ICG

ICG has not made any investment in 2025 so far.

Here are the most recent investments by ICG:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Dec 05, 2024	Lomond	United Kingdom	Seed	Undisclosed	-
Sep 12, 2024	F2g	United Kingdom	Series H	$100M	AMR Action Fund [+8]
May 24, 2024	Law Business Research	United Kingdom	Unattributed	Undisclosed	-
May 23, 2024	Grey Wolf Therapeutics	United Kingdom	Series B	$50M	Pfizer Venture Investments [+5]
Apr 08, 2024	Staysure Group	United Kingdom	Seed	Undisclosed	-

See more recent investments made by ICG

ICG has 1 unicorns in its portfolio - Workhuman. The most recent unicorn in their portfolio is Workhuman which became a unicorn in 2020.

Here is a list of unicorns in ICG's portfolio:

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
61	Workhuman	Cloud based employee performance and recognition management software	1999	Enterprise Applications [+1]	Dublin	Late Stage	ac{llna

View more details about unicorns in ICG's portfolio

1 of ICG's portfolio company became public - Eliem Therapeutics. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Aug 2021 at marketcap of $317M

Here are ICG's portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Eliem Therapeutics	Aug 10, 2021	Mar 25, 2021	Series C	$80M

View more details about public companies in ICG's portfolio

13 companies from ICG's portfolio have been acquired. The most recent acquisition were Amolyt Pharma in Mar 2024 by Astrazeneca for $1.05B.

Here are ICG's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Amolyt Pharma	Mar 14, 2024	Jan 06, 2023	Series C	$137M
6point6	Oct 31, 2023	May 04, 2021	Seed	Undisclosed
Prefere Resins	Apr 11, 2022	-	-	-
CPA Global	Oct 02, 2020	Feb 02, 2010	PE	Undisclosed
Loparex	Aug 05, 2019	Mar 30, 2015	Series A	Undisclosed

View all acquired companies in ICG's portfolio

ICG has a team of 26 members including 10 Partners and 3 Principals located in United Kingdom and United States.

Here is a list of top team members in ICG:

Name	Designation	Location	Contact details
Stelios Elia	Partner	West End	1 Email
Ryan Levitt	Partner	New York City	-
Uzair Dossani	Partner	New York City	-
Mark Piasecki	Partner	London	1 Email
Chris Nichols	Partner	London	-
William Rucker	Partner	London	-
Chris Hunt	Partner	London	2 Emails
David Bicarregui	Partner	United Kingdom	-
Sonia Baxendale	Partner	-	-
Robin Lawther	Partner	-	-
Cameron Becker	Principal	New York City	1 Email

View team details of ICG

Over the past 15 years, 126 investors have co-invested in ICG's portfolio companies.

Invested before ICG: Sectoral, Andera Partners and 49 others have invested in rounds before ICG. There are 2 companies where Sectoral has invested before ICG and 2 companies where Andera Partners has invested before ICG.
Top Co-investors of ICG: 49 investors entered a company along with ICG. These include investors like ICG Enterprise Trust (2 companies).
Invested after ICG: A total of 26 investors have invested in ICG's portfolio after their investments. Top Investors include Norges Bank Investment Management (1 company) and Aeternum Capital (1 company).