Kvantify Raises EUR 10M in Seed Funding
Summary
The round was led by Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. The company intends to use the funds to consolidate its position as a player in quantum computing, with an initial focus on developing applications for the life science sector. Its aims to make quantum computing technology widely accessible, and a tool for businesses worldwide. Commenting on the news, Knudsen said: “On behalf of the founding team, we are incredibly excited about the completion of our €10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth.