# IPGL

> IPGL is a VC fund in London backing Security and Software. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: London, United Kingdom
- Total investments: 12
- Last investment: Jul 2025
- Lead investor: 67%
- Last updated: Aug 2026
- Website: http://www.ipgl.co.uk/

IPGL is a private holding company.

## Contacts

5 contacts available for IPGL. Shizune tracks 2 team members at IPGL. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ipgl?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Security | 2 | 17% |
| Software | 2 | 17% |
| Compliance | 2 | 17% |
| Cyber Security | 2 | 17% |
| Financial Services | 2 | 17% |

27 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 25% |
| Series B | 2 | 17% |
| Funding Round | 2 | 17% |
| Pre-Seed | 1 | 8% |
| Series A | 1 | 8% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 6 | 50% |
| Germany | 1 | 8% |
| Isle of Man | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Michael Spencer | Chairman | 14 | https://shizune.co/investors/profile/michael-spencer-341a |
| Samantha Wren | Chief Executive Officer | 1 | https://shizune.co/investors/profile/samantha-wren |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sunsave | Sunsave is a subscription-based platform that helps households to save solar battery system. | $17.5M | Series A | Jul 21, 2025 |  |
| Sunsave | Sunsave is a subscription-based platform that helps households to save solar battery system. | $6.8M | Seed | Dec 05, 2023 |  |
| Hepster | Hepster is an InsurTech company that develops customized insurance products and integrates them into digital processes and systems. Its B2B model is complimented by a B2C webshop. Hepster’s strength is its fully API-driven, cloud-based, and modular insurance solutions. It can build and deploy digital insurance products as per its partner'srequirements. Its current product portfolio includes bikes, e-bikes, electronics, and sports equipment insurance. | $10M | Convertible Note | Feb 01, 2022 |  |
| Sunsave | Sunsave is a subscription-based platform that helps households to save solar battery system. | $5.1M | Pre-Seed | Feb 01, 2022 |  |
| Elvie | Elvie is a health and lifestyle brand developing smarter technology for women. They are committed to building extraordinary products that improve the health and lives of women everywhere and at all stages of life.Their first product, Elvie Trainer, is an award-winning app-connected Kegel trainer that helps women strengthen the pelvic floor viafun, five-minute workouts. Launched in October 2015 to great acclaim, they took the wellness industry by storm! Our street cred includes more than 12 awards for innovation and design, including the prestigious CES Innovation Award, the IDA Design Award, and the Red Dot Award. As a business, Elvie has been recognized as one of Wired’s ‘hottest start-ups" and named one of the 15 start-ups "to watch" by The Sunday Times, and both products have been featured in the Oscar nominee gift bags.They recently launched a second innovation: Elvie Pump, the world’s first silent wearable breast pump, which is making it possible for new mothers to pump anytime, anywhere. Elvie Pump received international praise following its unveiling on the catwalk at London Fashion Week and at the Consumer Electronics Show (CES) in Las Vegas. In April 2019, Elvie announced a $42 million Series B led by IPGL and supported by Octopus Ventures and Impact Ventures. This represented the largest ever fundraise in femtech. This new round of financing will accelerate Elvie’s research and development efforts as well as help grow brand awareness and distribution for Elvie Pump and Elvie Trainer across the Americas, Europe, and Asia.Headquartered in London, UK, with offices also in New York City, the company has received numerous awards and raised more than $52 million in investment. | $17.5M | Series C | Sep 07, 2021 |  |
| Elvie | Elvie is a health and lifestyle brand developing smarter technology for women. They are committed to building extraordinary products that improve the health and lives of women everywhere and at all stages of life.Their first product, Elvie Trainer, is an award-winning app-connected Kegel trainer that helps women strengthen the pelvic floor viafun, five-minute workouts. Launched in October 2015 to great acclaim, they took the wellness industry by storm! Our street cred includes more than 12 awards for innovation and design, including the prestigious CES Innovation Award, the IDA Design Award, and the Red Dot Award. As a business, Elvie has been recognized as one of Wired’s ‘hottest start-ups" and named one of the 15 start-ups "to watch" by The Sunday Times, and both products have been featured in the Oscar nominee gift bags.They recently launched a second innovation: Elvie Pump, the world’s first silent wearable breast pump, which is making it possible for new mothers to pump anytime, anywhere. Elvie Pump received international praise following its unveiling on the catwalk at London Fashion Week and at the Consumer Electronics Show (CES) in Las Vegas. In April 2019, Elvie announced a $42 million Series B led by IPGL and supported by Octopus Ventures and Impact Ventures. This represented the largest ever fundraise in femtech. This new round of financing will accelerate Elvie’s research and development efforts as well as help grow brand awareness and distribution for Elvie Pump and Elvie Trainer across the Americas, Europe, and Asia.Headquartered in London, UK, with offices also in New York City, the company has received numerous awards and raised more than $52 million in investment. | $80.5M | Series C | Jul 27, 2021 |  |
| Glasswall | Glasswall is a cyber security software company. Its technology is designed to regenerate files and documents to a standard of 'known good' and deliver proactive protection. The company's software remediates file structures back into line with their published specification, removes risky Active Content, and regenerates files inmilliseconds in their original file format with visual content completely untouched, thereby, enabling companies to eliminate cyber threats and deliver safe, usable documents in their native format. | $24M | Series B | Dec 30, 2020 |  |
| Tradefeedr | Tradefeedr is a data science and technology company specialising in complex analytical challenges involving vast amounts of structured data. Their cloud-based platform empowers their clients to take on challenging projects and they provide the human resources needed to complete them. | $3M | Seed | Dec 21, 2020 |  |
| agora Digital Capital Markets Ltd | Digital Debt Capital Markets is a fintech company | $5.5M | Seed | Sep 21, 2020 |  |
| Bloc Ventures | Bloc Ventures is an investment company focused on investments in early-stage Deep Tech companies. Pitch directly to Bloc here: https://blocventures.com/pitching/Bloc Ventures is not an investment fund, it is a company that invests in early-stage tech companies. Bloc Ventures is very much a company in the traditional sense,with a rigorous focus on governance, costs, and profit, governed by a board of directors with an operational model that enables its stakeholders to focus on building value through a longer-term collaborative and evergreen approach to early-stage tech investing.The company was founded in 2013 and is based in London, England. | $26.2M |  | Jan 27, 2020 |  |

10 of 12 investments shown.

## Co-investors
- [BlackRock Private Equity Partners](https://shizune.co/investors/profile/blackrock-private-equity-partners) — VC Fund, 2 deals together
- [Hiro Capital](https://shizune.co/investors/profile/hiro-capital) — VC Fund, 2 deals together
- [Norrsken VC](https://shizune.co/investors/profile/norrsken-vc) — VC Fund, 2 deals together
- [Plug and Play](https://shizune.co/investors/profile/plug-and-play-ventures) — VC Fund, 2 deals together
- [Westerly Winds](https://shizune.co/investors/profile/westerly-winds) — VC Fund, 2 deals together
- [Blume Equity](https://shizune.co/investors/profile/blume-equity) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does IPGL invest in?

IPGL invests primarily in Security, Software and Compliance startups, most often at Seed and Series B stage. Most of the 12 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact IPGL?

Public channels for IPGL include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at IPGL?

The team at IPGL includes Michael Spencer (Chairman) and Samantha Wren (Chief Executive Officer). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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