Iona Star LP

Overview

Iona Star LP is a UK-based venture capital fund established in 2024, focusing on investing in and developing disruptive, early-stage companies that leverage artificial intelligence and data to drive technological innovation. The fund aims to identify and support high-potential startups poised to redefine technology landscapes through the convergence of AI and data access. Managed by a team of industry experts, including Gerry Buggy, Mike Powell, Graham Ferguson, and Kevin McGivern, Iona Star LP employs a high-conviction investment strategy. The team has a strong focus on actively engaging with portfolio companies to contribute value beyond capital investment and improve the probability of success. This involvement includes providing strategic guidance, industry expertise, and networking support to help the portfolio companies achieve their growth objectives. The fund has secured significant commitments from industry leaders, with Castelnau Group and Frasers Group each committing up to £10 million over the duration of the fund. This robust backing sets a solid foundation for global investments targeting early-stage companies operating at the intersection of AI, data, and technology. Notable exits from the fund's previous investments include Quantile, acquired by the London Stock Exchange Group, and RxDataScience, which merged with US biopharma company Syneos Health. Iona Star LP is managed by Phoenix Asset Management Partners Limited (PAMP), registered office 64-66 Glentham Road London SW13 9JJ, Company number 03514660. PAMP is authorised and regulated in the UK by the Financial Conduct Authority. Iona Star Capital Limited (ISCL), registered office Floor 8 City Exchange, Gloucester Street, Belfast, BT1 4LS, Company number NI695663, acts as an Appointed Representative of PAMP. For further information, please contact: Kevin McGivern, Partner, Iona Star; James Corcoran, Head of AI and Analytics, STAC Research.

Investment Focus

• Professional investors only

Portfolio Companies