.
MergerLinks Header Logo

New Deal


Announced

Completed

Georgian led a $100m Series C funding round in Xanadu.

Financials

Edit Data
Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Completed

Friendly

Canada

Minority

Computer Hardware

Venture Capital

Private Equity

Acquisition

quantum computing

Cross Border

Private

Synopsis

Edit

Georgian, a fintech company investing in high growth technology companies, led a $100m Series C funding round in Xanadu, an operator of a quantum photonic platform, with participation from Porsche, Forward Ventures, Alumni Ventures, Pegasus Tech Ventures, Silicon Valley Bank, Bessemer Venture Partners, Capricorn, BDC Capital, and Tim Draper. "The continued support from top-tier investors in this uncertain economic climate is a testament to the belief in our exceptional team, our photonic technology, and our ability to execute," Christian Weedbrook, Xanadu Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US