Seed financing round: Taylor Wessing advises IQ Capital on investment in QuantumDiamonds

QuantumDiamonds GmbH has raised seven million euros in its seed financing round. The round was led by IQ Capital, which was comprehensively advised on all legal aspects by a Taylor Wessing team led by Berlin-based VC experts Dr Armin Bartsch and Dr Norman Röchert. Besides IQ Capital also Early Bird, Onsight Ventures, First Momentum, Creator Fund and other investors participated in this around.

The European Innovation Council (EIC) Accelerator and the state of Bavaria are contributing four million euros.

QuantumDiamonds, a start-up for quantum sensor technology, is developing quantum sensors that enable measurements at the atomic and molecular level and thus open up a new field of sensor technology. Great application potential is also seen in medical diagnostics and battery development.

About IQ Capital

IQ Capital, founded in 2007, is a London and Cambridge-based venture capital firm that invests in deep tech at Seed and Series A across all deep tech sectors - including generative AI, advanced engineering and novel materials, space-tech, quantum hardware and algorithms, cyber and data security and synthetic biology. IQ Capital has raised six funds with assets under management over $1bn and can invest initial cheques of $1m and scaling up to $50m in its outperformers. All the firm’s portfolio companies have shown the potential to dominate their respective markets on a global scale. IQ Capital’s current portfolio includes leading deep tech companies such as Speechmatics, Thought Machine, Paragraf, Porotech, Nyobolt and Causalens.The IQ Capital team has achieved over 20 exits to date including trade sales to Oracle, Google, Apple, Facebook, Siemens and several IPOs.

Legal advisors IQ Capital

Taylor Wessing Germany: Dr Armin Bartsch (Salary Partner), Dr Norman Röchert (Partner) (both Joint Lead), Christopher Hildebrandt (Senior Associate), Felix Paul (Professional Support Lawyer), all Venture Capital, Nico Jänicke (Partner), Dr Thomas Hohe (Senior Associate), both Employment, Pensions & Mobility, Dr Gregor Schmid (Partner), Dr Eva Surowiecki (Senior Associate), both Technology, Media & Telecoms, Dr Philipp Krusemarck (Salary Partner, Technology & Life Sciences, Munich), all Berlin, unless stated otherwise.