Tech Company Financing Transactions
Arctic Instruments Funding Round
Arctic Instruments closed a $2.5 million investment round on 12/10/2024. Investors included Lifeline Ventures and private investors.
Transaction Overview
Company Name
Announced On
12/10/2024
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Undisclosed
Investors
Lifeline Ventures (Lead Investor) (Timo Ahopelto)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
Innopoli 2, Tekniikantie 14
Espoo, 02150
Finland
Espoo, 02150
Finland
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Arctic Instruments is a spin-off of VTT Technical Research Centre of Finland. We have made a focused effort to build our technology and product over the last five years, based on decades of accumulated experience on the design and fabrication of superconducting circuits at VTT. At Arctic Instruments, we are on a mission to enable quantum computing and help it create broad societal impact. Our goal is to provide top-tier plug & play microwave readout solutions to customers. Our first step towards these builds upon our experience in making near quantum-limited parametric amplifiers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joonas Govenius
Chief Operating Officer
Mário Ribeiro
Chief Technical Officer
Visa Vesterinen
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We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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