Quite often the founders of a new quantum startup company may have come from an academic or technical background and may not have experience in raising capital or other commercial activities in running a business. In order to support Dutch quantum startup companies with scaling their business and fundraising Quantum Delta NL, a public-private partnership of global tech companies, government agencies and all major quantum research centers in the Netherlands created to strengthen the quantum ecosystem in The Netherlands, has created a program called LightSpeed to connect Dutch startups with potential investors in Europe and the United States. LightSpeed will help startups find investors, perform scenario planning, assess cap tables and raise funds so that they can grow.
Currently, there are seven quantum startups in The Netherlands and Quantum Delta NL has a goal of increasing this to 100 by 2028. The program will be led by Quantum Delta NL’s Investor in Residence Ton van ‘t Noordende, a founder of the PHX collaboration community and former deep tech investor at 01 Ventures. LightSpeed has already helped guide the first funding for startup QphoX which €2 million ($2.4M USD) from investors including Quantonation, Speedinvest and High-Tech Gründerfonds, with participation from TU Delft. For more about LightSpeed, you can view a news release available on the Quantum Delta NL website here.
May 13, 2021