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Bosch Ventures led a £42m Series B funding round in Quantum Motion.

Financials

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Transaction Value£42m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United Kingdom

Software

technology platform

Friendly

Private Equity

Acquisition

Completed

Single Bidder

Private

Minority

Venture Capital

Cross Border

Synopsis

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Bosch Ventures, a venture capital firm, led a £42m Series B funding round in Quantum Motion, a quantum computing company, with participation from Porsche and National Security Strategic Investment Fund. “Quantum computers will think in totally different ways to computers today. Problems that would take a supercomputer thousands of years to crack could be solved by a quantum computer in minutes. The earliest impact will be in areas related to materials science including energy materials, chemistry such as drug discovery, or optimization — possibly stretching to logistics and transport,” James Palles-Dimmock, Quantum Motion CEO.

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