IIoT Tribe
Accelerator programmes for deep tech, hardware and connected industry, run with corporates and public agencies since 2015
About IoT Tribe
1.1 Overview
IoT Tribe is a London accelerator for hardware and deep-tech startups, with an office in Singapore and, since April 2026, a European hub in Dublin at Trinity College Dublin, where it also runs ESB’s X_Potential innovation programme. It began in 2015 as Startup Scaleup, a European Commission accelerator with hubs in Dublin, Cartagena, Vilnius and Zoetermeer, and took its current name in 2017; Tanya Suarez founded it and runs it. Each programme is built with a corporate or public partner around one theme: Siemens’ Flywheel for agentic AI in aerospace and defence, delivered in the United States; CHISEL Healthcare InnoMatch with Singapore’s hospital clusters; NATO DIANA’s UK accelerator through the Janus consortium; and three Space Endeavour cohorts. On its own count it has run more than 30 programmes for over 500 startups from more than 30 countries, whose alumni have raised over $270M.
This page follows the 351 companies IoT Tribe lists as supported on Dealroom. Together they have raised $2.1B, $875.3M of it by Multiverse Computing, the one unicorn among them.
1.2 Programmes
16 programmes, 29 cohorts
Companies on the map by the programme that supported them. CHISEL Healthcare InnoMatch is the largest by far: its 2024 cohort alone holds 100 companies. 26 of the 351 companies are on the vertical landscape only, with no cohort listed.
1.3 Market map
All 351 companies on one map
In numbers
2.1 Headquarters
Headquartered mostly in Singapore and the United Kingdom
339 of the 351 companies have a headquarters on record, in 44 countries. Singapore and the United Kingdom hold 73 each; Spain is third with 23, and 193 are spread across the other 42. Bubbles are sized by the number of companies; hover one for the names.
2.2 Company profile
The median company was founded in 2018 and has 10 people
351 companies with a Dealroom profile. 253 have raised money on record, 174 of them with the amount disclosed. 13 have been acquired and 9 have closed.
2.3 Value over time
Combined enterprise value: $164.2M at the end of 2016, $3.3B now, 20× in ten years
Combined enterprise value of the VC-backed companies on the map at the end of each year, split by headquarters country or by segment, and the money they raised per year by round size. The two tallest funding bars are Multiverse Computing’s $208M Series B in 2025 and $550M Series C in 2026; 2026 is a partial year.
Combined enterprise value at the end of each year
The VC-backed companies on the map at their latest priced valuation, summed per year.
* 2026 to date. Source: Dealroom.co
Money raised per year, by round size
Every round on record for the companies on the map, in the year it closed.
* 2026 to date. Source: Dealroom.co
2.4 Founders
The founders behind the highest-Signal companies
Dealroom has 377 founders on record for 222 of the companies. These are the founders of the twelve companies with the highest Dealroom Signal that have a founder photo on file.
Alfonso Rubio-Manzanares
Multiverse Computing · with Samuel Mugel, Román Orús, Enrique Lizaso Olmos
A
Arik B.
BioBeat · with Johanan May, Israel Sarussi, Arik Ben Ishay
P
Peter Jasko
Semeris · with Szabolcs Sam Daroczy
M
Mark Trefgarne
CX2 · with Nathan Mintz
E
Eliot Benzecrit
Avvoka · with Adam Benzecrit, David Howorth
J
Julian Fernandez
Fossa Systems
S
Shaun Moore
Tern AI
K
Krishna Anne
SCI Semiconductor
L
Leanne Kemp
Everledger
M
Morteza Ahmadi
Qidni Labs
A
Antonio Vázquez García
Alén Space · with Diego Nodar, Antonio Garcia, Alberto Muino, Guillermo Lamelas Nogueira
A
Ajit Ravindran
Lenexa Medical · with Ajit Ravindran, Will Yang
Market context
3.1 The segments
The markets IoT Tribe’s companies build in
The Dealroom segment behind each vertical, on the same tags as the charts below: VC-backed companies founded since 1990, those valued at $1B or more, the VC invested in 2025, and how many times 2016’s that is. A company with several tags counts in each segment.
| Segment | IoT Tribe companies | VC-backed companies | Unicorns | VC invested, 2025 | 2025 vs 2016 |
|---|---|---|---|---|---|
| RoboticsRobotics & Autonomous Systems | 65 | 6,904 | 165 | $35.1B | 10× |
| DefenceDefence Tech | 31 | 750 | 37 | $11.3B | 31× |
| SpaceSpaceTech | 31 | 1,028 | 52 | $8.7B | 5.0× |
| Health techHealthtech | 144 | 35.5K | 739 | $69.7B | 2.4× |
| EnergyEnergy & Climate Tech | 44 | 14.5K | 231 | $32.6B | 3.2× |
| Climate techEnergy & Climate Tech | 44 | 12.8K | 287 | $39.4B | 3.5× |
| Internet of ThingsCloud-to-edge Tech | 18 | 5,956 | 110 | $7.3B | 1.2× |
| AIAgentic AI | 7 | 30.8K | 815 | $220B | 13× |
Source: Dealroom.co · 10 September 2026
3.2 VC investment by segment
Where venture money went, segment by segment
VC investment per year into companies tagged to each segment, 2016 to 2026, each chart on its own scale. Counts verified VC rounds into VC-backed companies; a company with several tags counts in each segment, but only once within a segment. 2026 is a partial year, not comparable with a full year. Robotics includes autonomous vehicles, defence systems and physical AI, not only robot manufacturers.
* 2026 to 2026-09-10. Snapshot: 2026-09-10. Source: Dealroom Next Gen API. Robotics includes Waymo and Prometheus; their large rounds are included under the same tag definition used in the table.
More data
Explore Dealroom data →Follow these companies as they raise
Every company on this page has a live Dealroom profile: funding rounds, team, Signal and news, updated as it happens.