Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
HQS Quantum Simulations, a fault-corrected quantum computing algorithm developer spun out of Karlsruhe Institute of Technology (KIT), closed a €2.3m ($2.6m) seed round on Monday backed by Unternehmertum Venture Capital Partners, the early-stage VC affiliate of Technical University of Munich’s tech transfer arm. Public-private partnership High-Tech Gründerfonds and venture capital firm Btov Partners also contributed to the round, which will help HQS develop quantum algorithm-based simulators for designing new materials, leveraging the implications of quantum mechanics and its expertise in…
