Kvantify Raises EUR 10M in Seed Funding

Kvantify founders Hans Henrik Knudsen, Nikolaj Zinner, Allan Grønlund
Founders – Hans Henrik Knudsen, Nikolaj Zinner, Allan Grønlund.

Kvantify, a Copenhagen, Denmark-based quantum software startup, raised EUR 10M in seed funding.

The round was led by Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other investors included international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.

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.

Led by Hans Henrik Knudsen, Nikolaj Zinner, Allan Grønlund, Kvantify is a quantum software company that leverages quantum and computing to create solutions for complex scientific and industrial challenges. 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. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market.”

FinSMEs

03/07/2024