Tech Company Financing Transactions
Sparrow Quantum Funding Round
2xN, European Innovation Council Fund and LIFTT invested in a $4.5 million Seed venture round for Sparrow Quantum. The financing round was announced on 5/11/2023.
Transaction Overview
Company Name
Announced On
5/11/2023
Transaction Type
Venture Equity
Amount
$4,485,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of its products and services, expand its team, and strengthen its position as the market leader in quantum light-matter interfaces and next-gen single-photon sources for commercial quantum technologies.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
Blegdamsvej 104A
Copenhagen, DK-2100
DK
Copenhagen, DK-2100
DK
Phone
Website
Email Address
Overview
Sparrow Quantum is a Danish quantum technology company dedicated to advancing light-matter interfaces for quantum technologies. The company is widely recognized as a leader in single-photon sources, demonstrating the world's highest light-matter coupling efficiency. The unparalleled technology of Sparrow Quantum offers researchers and developers of quantum technology systems access to essential building blocks for scaling up advanced quantum technology applications in information processing and communication. Application areas include secure quantum communication, photonic quantum computing, and quantum repeaters for the quantum internet.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kurt Stokbro
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