DarkLight mode
News – 18.11.24
International Men's Day - breaking the silence around men's mental health
International Men's Day - breaking the silence around men's mental health … Read more
Insight – 20.11.24
A change in US Presidency: How might it affect your finances?
In this article, we explore the potential economic and financial impacts of Donald Trump's return to power. … Read more
Upcoming event – 10.12.24
Funding innovation in the technology sector: Are the government doing enough?
Join us for an exclusive roundtable breakfast to explore the question of whether the government are doing enough to support innovation in the technology sector. … Read more
Find us quickly
130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Seller: Riverlane
Buyer: Planet First Partners
Type of deal: Series C Investment
Sector: Technology - Quantum Computing
Value: $75m
Date: August 2024
.png){kind=spacer}
Riverlane is the global leader in quantum error correction technology. The funding will enable Riverlane to expand operations to meet surging global market demand for QEC technology, with the goal of achieving one million error-free quantum computer operations by 2026.
The round was led by Planet First Partners, the European growth equity sustainable investment platform, with participation from sustainability venture capital investors ETF Partners and Singapore-based global investor, EDBI. Existing investors Cambridge Innovation Capital (CIC), Amadeus Capital Partners, the UK's National Security Strategic Investment Fund (NSSIF), and global leader in computational intelligence Altair also participated in the Series C round.
Buzzacott provided financial and tax due diligence services to Planet First Partners.
If you would like to receive notifications of our future deals or insights from our team on raising finance or selling a business complete the form below to sign up to our mailing list. You can also leave us a question regarding our services in the text box, and one of our team members will be in touch.
