HPP advised UK venture capital firm IW Capital as it lead a Series A investment round alongside the European Innovation Council (EIC) Fund into QuantrolOx as part of a EUR 12M financing round. The round included participation from Voima Ventures, Serendipity Capital, Hoxton Ventures and Transpose Capital.
QuantrolOx, a spin-out from the University of Oxford, has developed Quantum EDGE, a machine learning platform that automates the calibration, tuning and control of quantum computers across different hardware systems. The latest investment will support QuantrolOx’s commercial growth and expansion into North America, following the opening of its Berkeley office and the establishment of a five-year partnership with UC Berkeley.
IW Capital is an early-stage investor in high-growth technology companies with a UK presence. HPP advised on the Finnish aspects of the investment alongside EMW Law who was UK counsel to IW Capital
