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kindrik partners advises horizon quantum computing on US$3.2 million seed plus round

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Kindrik Partners recently advised Singapore-based Horizon Quantum Computing with its seed-plus round led by Sequoia. The latest round brings its total seed financing to US$3.2 million (SG$4.5 million).

Previous investors SGInnovate, Abies Ventures, DCVC, Qubit Protocol, Summer Capital and Posa CV also participated in the round.

Horizon Quantum Computing develops programming tools to simplify the process of developing software for quantum computers. The company was founded in 2018 by CEO Dr Joe Fitzsimons. The additional funding will be used to speed up product development, engage with customers and early adopters, and strengthen its team.

“Our tools will greatly increase the applicability of quantum computing, opening up new use cases and enabling easier adoption of the technology,” said Fitzsimons.

 “We view quantum computing as an emerging technology that will become inevitable in the future. We are certain that quantum technology will be a game-changer and will have a tremendous impact on the world – from how governments and organisations work, right down to our everyday lives,” said Dr Lim Jui, Chief Executive Officer of SGInnovate who led the company’s seed round in 2018.

Chris Wilson, Kindrik Partners partner, says of the deal, “We were pleased to have been able to help out on this financing round with Horizon as they gear up bring this truly cutting-edge innovation to market and look forward to watching their journey.”

Read our other recent deal announcements here.

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