Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Quantum Motion Technologies, a UK-based quantum computing spinout of University of Oxford and University College London, closed an £8m ($9.8m) round yesterday backed by university venture fund Oxford Sciences Innovation, commercialisation firm IP Group and its Parkwalk Advisors unit. The round was led by Inkef Capital and also included the UK government-backed National Security Strategic Investment Fund and Octopus Ventures. Founded in 2017, Quantum Motion is developing quantum information bits, or qubits, that rely on a technique called silicon spin…
