Intellectual property investor IP Group said on Wednesday that portfolio company Monolith will be acquired by Nasdaq-listed CoreWeave for an undisclosed sum.
IP Group
08 October 2025 09:15:20
Source: Sharecast
IP Group, which holds a 12.3% stake in Monolith, said the sale of the artificial intelligence software provider, which was spun out of Imperial College London, marked "another positive exit" from its deeptech portfolio.
Chief executive Greg Smith said: "We're delighted with this outcome, which follows the sales of Featurespace and Garrison from our deeptech portfolio. As the most experienced and active UK-based early-stage science investor, this further validates the group's model and our expertise in identifying and supporting businesses to successful exits."
As of 0915 BST, IP Group shares were up 2.84% at 54.30p.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
