BLOG
kindrik partners advises quantum computing startup entropica labs on seed round
share:
Kindrik Partners recently advised Entropica Labs on its seed investment round led by Elev8 VC. Other investors included SG Innovate, Wavemaker Partners, Lim Teck Lee Group, TIS Inc., V1 Capital, and Entrepreneur First.
Entropica Labs is a company developing quantum computing software solutions, spun out of Singapore’s Centre for Quantum Technologies (NUS). Entropica’s current focus is quantum optimisation and machine learning, supporting enterprise customers to understand and integrate quantum computing. The company will primarily use the funding to expand its team and continue development of its software.
Co-founder and CEO Tommaso Demarie said of working with us,
Kindrik Partners helped us navigate through the hurdles of our first seed round. Sarah Yen was always available to answer all our calls and questions, making sure we fully understood all points of the agreements before committing to any decisions.
I value thoroughness, care for details and precision. Sarah and Kindrik Partners never failed to meet our expectations, and they have been our first choice for all Entropica’s legal work since.
We look forward to seeing Entropica continue to grow in this high-growth space.
explore our other blog posts
Kindrik Partners advised VC firm Illuminate Financial on its investment in Singapore-based AI-driven data processing and automation company bluesheets. Illuminate led the US$6.5 million series A round. Other returning investors included Insignia Ventures Partners, Antler Elevate, and 1982 Ventures.
Illuminate invests in B2B fintech and enterprise software companies that build solutions for the financial services industry. Backed by global financial institutions such as Citi, JP Morgan, Barclays, Jefferies, Singapore Exchange Group, and BNY Mellon, Illuminate uses its extensive network and industry knowledge to help their portfolio companies achieve their full potential in addition to providing capital.
bluesheets offers AI-driven data processing and workflow automation software that helps businesses digitise and automate their bookkeeping processes. It plans to use the funds to further enhance its AI capabilities and accelerate growth in key APAC markets, including Singapore, Thailand, ANZ, and Hong Kong.
We’re happy to have advised Singapore-based synthetic data company Betterdata on an oversubscribed seed round of $1.65 million, led by Investible.
The company was founded in 2021 by Dr. Uzair Javaid and Kevin Yee and allows clients to share data faster and more securely in compliance with stricter data privacy regulations being introduced around the world. Betterdata uses generative AI to convert real data into synthetic data that looks, feels, and behaves like real datasets. These synthetic datasets retain the structure and correlations of the original data while eliminating the privacy and security concerns that come with holding and sharing sensitive data.
Betterdata plans to use the funding to publicly launch its product, hire more staff as the company scales, and improve its technology stack, with the aim of providing support for single-table, multi-table, and time-series datasets. The company also plans to expand across the Asia-Pacific region over the next two years.
