BLOG

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

Logo_white

share:

Share on facebook
Share on twitter
Share on linkedin
Share on email

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.

explore our other blog posts

kindrik partners advises fave on acquisition by pine labs

We’re delighted to have advised Fave, the Malaysia-based fintech platform providing QR payments and loyalty cashback to restaurants and retailers, on its acquisition by Pine Labs, the Indian Sequoia-backed payment and merchants platform. The deal is valued at more than US$45 million. Pine Labs intends to roll out the Fave…

a primer on post-money SAFEs in Singapore

In the last few years, convertible notes have been frequently used on Singapore financings. Perhaps less common has been the use of SAFEs – the instrument created by Y-Combinator (YC) several years ago. However SAFEs are on the increase on fundraising deals across Southeast Asia. Two years ago, YC reinvented…

kindrik newsletter