Quantum Technologies Fund
“Black Quant” invests in Aegiq
Munich, 13 May 2022
CM-Equity is pleased to announce that its venture fund Black Quant has invested significantly in Aegiq – a quantum photonics spin-out from the University of Sheffield. The company also secured investemtns from other Quantum funds and private angel investors, taking the total funding to nearly £4m.
Aegiq was founded by a team consisting of CEO Dr. Max Sich, CTO Dr. Scott Dufferwiel, and CFO Andrii Iamshanov. The company, which has secured further funding from Innovate UK (part of UK Research & Innovation) this year, has also been previously awarded funding for several projects supported by Quantum Technologies Challenge, with total value of the funded consortia exceeding £20m.
Aegiq is accelerating development of its proprietary quantum photonics platform and growing its core R&D team. The technology is based on high-performance single-photon sources and enables a range of new applications in quantum science, including quantum communications, quantum computing and quantum enhanced imaging and sensing. In particular, Aegiq’s technology will provide significant performance uplift for quantum communications and QKD applications, as well as opening doors for large-scale quantum networking with quantum computing and new quantum information processing protocols.
“Aegiq’s technology platform based on single photon sources enables various applications from reliable and secure communication infrastructures to scalable quantum computing. Black Quant as a people focused quantum technologies investor is delighted to support the highly skilled team driving their quantum venture from lab to market leadership.”
Michael Kott, General Partner at Black Quant & CEO at CM-Equity AG
CM-Equity and Quantum Business Network (QBN) have created the deep tech venture fund Black Quant to invest in early-stage companies and scale-ups mainly within Europe. Black Quant Fund will use the €100 million for pre-seed to series A and later investments to accelerate technological advancements and the commercialization.
The European Commission and national governments first and foremost Germany and France ramp up their investments to catch up in the global race with the US and China. Black Quant Fund closes the gap in the European investment space to allow Europe’s brilliant researchers and entrepreneurs, renounce private capital from the US or Asia and empowers them to become global leaders.
Quantum computing, sensing and communication as well as quantum enabling technologies will impact pretty much every important sector from healthcare, digital, industry and transport to climate and security. To pave the way to our significant future Black Quant’s support goes far beyond funding and offers to deeptech entrepreneurs access to the best, tailor-made business acceleration.
About Black Quant Fund
The Black Quant Fund is a deep tech investor with a focus on European early-stage companies and scaleups in the disruptive and emerging field of quantum technologies and its enabling technologies. Based in Munich, Germany, we will use the €100 million for pre-seed to series A and later investments to accelerate technological advancements and the commercialization. Black Quant Fund is initiated and supported by QBN and seeded by CM-Equity.
CM-Equity is a 19 year old, according to §15 WpIG regulated financial institution from Munich.
CM-Equity was early involved as a pioneer in the field of digital asset management. With a fully licensed, interfaced capital market infrastructure platform for digital assets for companies, FinTechs and investors, CM-Equity has advanced to become one of the most popular players in the market for digital assets in Germany and Europe. The company wants to make the new digital capital markets 4.0 accessible to everyone and offers innovative and regulatory-compliant access to the most liquid trading venues while at the same time offering the most secure storage.