Venture capital fund · 3 deals
Paris
Every published round Quantonation took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Quantonation has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Diraq | 12 Feb 2024, Series A | 3 | 2 |
Fund closes reported for Quantonation, as distinct from the investments it has made.
Companies Quantonation has backed that another company then bought. An exit for the holding, not a deal Quantonation did.
| Name | Role | Sources |
|---|---|---|
| Will Zeng | Partner | Startup Daily, SmartCompany, @AuManufacturing |
Stories naming Quantonation. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup detailing new capital for Australian startups Diraq, BrainFish, RecycleSmart, Cohabit and Five Faces, alongside Alumly's undisclosed multimillion-dollar backing from UK investor Mauve Group.
Also Startup Daily
Quantum computing venture Diraq has banked $15 million toward an unfinished round, with earlier backers joined by two new funds, pushing its cumulative funding beyond US$137 million.
Weekly roundup of eight Australian funding rounds, led by Samsara Eco's $100m Series A extension; Diraq, 1Breadcrumb, Aquila, NRN, Klean, Bearhug and Sindy Labs also secured capital, and Klean won a Queensland grant.
Also TechCrunch Venture·SmartCompany·@AuManufacturing·Techboard·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing
Main Sequence's post explains why the fund backed quantum computing company Diraq, citing its silicon qubit approach, a chip-production deal with Global Foundries, and prior investment from Quantonation.
Also Startup Daily·@AuManufacturing·SmartCompany·Startup Daily·Startup Daily·Startup Daily
Quantum computing startup Diraq announced record qubit control fidelity and chip-making partnerships with GlobalFoundries and IMEC; the piece also recounts its Quantonation-led Series A, early Allectus backing, and PsiQuantum's government funding.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily
Australian startups Diraq, Marqo, and Hatch secured funding rounds. Ansarada was acquired by Datasite. Bupa launched a new venture fund, and the Queensland government backed several VCs and accelerators.
Diraq, a Sydney-based quantum computing startup, has raised a US$15 million Series A-2 extension led by Quantonation, with UNSW and John Higgins Family Investments participating, adding to US$20 million raised at its 2022 spin-out.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Forbes Australia
Diraq has added $23 million to its Series A in a Quantonation-led round, with Higgins Family Investments and UNSW also taking part, on top of the $30.6 million raised earlier.
Also @AuManufacturing·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Early VC·@AuManufacturing·@AuManufacturing·Startup Daily