# Michael Spencer

> Michael Spencer is a seed investor at IPGL (London) backing FinTech and Financial Services. See 14 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [IPGL](https://shizune.co/investors/profile/ipgl)
- Location: London, United Kingdom
- Total investments: 14
- Last investment: Jul 2025
- Lead investor: 64%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/michael-spencer-5a6473145/
- Facebook: https://www.facebook.com/profile.php?id=100015124924075

Michael Spencer is a seed investor at IPGL in London focused on FinTech and Financial Services. Michael Spencer is Chairman of the Intercapital Private Group Ltd and a director of Bordeaux Index Ltd. Michael is the chairman of The Conservative Party Foundation Ltd and stepped down from his role as Treasurer of the Conservative Party in October 2010.Michael is 61. His interests include running, wine, art, politics and military history. Hefounded ICAP Charity Day in 1993 where for one day each year the Company’s global revenue, including broker commissions, were donated to charity. Over 24 years, the event raised nearly £135 million for 2,200 charities worldwide.Michael was named the Ernst & Young World Entrepreneur of the Year 2010 and in April 2011, ICAP won a Queen’s Award for Enterprise in the International Trade category. As Britain's most coveted business prize, the Queen’s Awards recognise outstanding achievement by UK companies. The award is formally conferred by a Grant of Appointment and is symbolised through a presentation given by Her Majesty's Lord Lieutenants as The Queen's local representatives. This was the second time that ICAP received a Queen’s Award in this category, having been named a winner in 2005.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.2M–$6.8M |
| Series B | $17M–$100M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 3 | 21% |
| Financial Services | 3 | 21% |
| Security | 2 | 14% |
| Software | 2 | 14% |
| Analytics | 2 | 14% |

26 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 36% |
| Series B | 3 | 21% |
| Funding Round | 3 | 21% |
| Pre-Seed | 2 | 14% |
| Series A | 1 | 7% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 8 | 57% |
| Isle of Man | 1 | 7% |
| United States | 1 | 7% |

## 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 |  |
| Tema Global | Tema Global builds an ETF platform focused on ETF infrastructure and differentiated ETF strategies managed by experienced investment professionals. |  | Seed | May 08, 2023 |  |
| Sunsave | Sunsave is a subscription-based platform that helps households to save solar battery system. | $5.1M | Pre-Seed | Feb 01, 2022 |  |
| TapSimple | TapSimple is to help charities, fundraisers, and volunteers raise more donations in an increasingly cashless world. | $1.2M | Seed | Jan 25, 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 |  |
| Youtility | Every year we spend over 50% of our salaries on home finances yet managing and tracking these accounts is a modern day nightmare. Youtility is on a mission to provide a simple and smart solution. | $5.9M |  | Feb 24, 2020 |  |
| Youtility | Every year we spend over 50% of our salaries on home finances yet managing and tracking these accounts is a modern day nightmare. Youtility is on a mission to provide a simple and smart solution. | $5.8M | Pre-Seed | Feb 24, 2020 |  |
| agora Digital Capital Markets Ltd | Digital Debt Capital Markets is a fintech company | $3.3M | Seed | Nov 07, 2019 |  |

10 of 14 investments shown.

## Co-investors
- [IPGL](https://shizune.co/investors/profile/ipgl) — VC Fund, 3 deals together
- [Ascension](https://shizune.co/investors/profile/ascension-ventures-limited) — VC Fund, 2 deals together
- [Barclays Ventures](https://shizune.co/investors/profile/barclays-ventures) — VC Fund, 2 deals together
- [Index Ventures](https://shizune.co/investors/profile/index-ventures) — 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

## About IPGL

VC Fund · London, United Kingdom

IPGL is a private holding company.

2 contacts available at IPGL.

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

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## FAQ

### What does Michael Spencer invest in?

Michael Spencer invests primarily in FinTech, Financial Services and Security startups, most often at Seed and Series B stage. Most of the 14 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Michael Spencer's check size?

Michael Spencer typically joins rounds of $1.2M–$6.8M at Seed and $17M–$100M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Michael Spencer participates in.

### When did Michael Spencer last invest?

The most recent investment recorded for Michael Spencer closed in Jul 2025. Shizune tracks 14 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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