Funding round
QuantrolOx Seed
QuantrolOx, which works in machine learning-based quantum control software development in Oxford, raised $1.9M in a Seed round announced on 24 Feb 2022, led by Nielsen Ventures and Hoxton Ventures. 4 firms took part.
$1.9M
Amount raised
1,400,000 GBP converted
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
QuantrolOx did not disclose a valuation in this round. It is QuantrolOx's first venture round on record, 1 year after it was founded in 2021. No later venture round is on record for QuantrolOx.
QuantrolOx's funding rounds
This is the only venture round on record for QuantrolOx.
- Seed this round 24 Feb 2022, led by Nielsen Ventures and Hoxton Ventures $1.9M
Investors
Who put money in
Nielsen Ventures and Hoxton Ventures led the round with 2 other firms.
Lead investors
- Nielsen Ventures new investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Also in the round
- backs 22 venture-backed companies new investor
- backs 18 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,529 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.2M, and this round was 59% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Feb 2022 | $150M | not disclosed | not named |
| Tech Companies | 4 Feb 2022 | $21M | not disclosed | Animoca Brands |
| Tech Companies | 22 Feb 2022 | $20M | not disclosed | not named |
| Tech Companies | 17 Feb 2022 | $18M | not disclosed | 8VC and Slow Ventures |
| Tech Companies | 21 Feb 2022 | $18M | not disclosed | Menlo Ventures |
| Tech Companies | 8 Feb 2022 | $18M | not disclosed | not named |
| Tech Companies | 23 Feb 2022 | $15M | not disclosed | Bessemer Venture Partners and F2 Venture Capital |
| Tech Companies | 28 Feb 2022 | $11M | not disclosed | True Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did QuantrolOx raise in its Seed round?
QuantrolOx raised $1.9M in its Seed round, announced in Feb 2022.
Who led QuantrolOx's Seed round?
Nielsen Ventures and Hoxton Ventures led it, with Voima Ventures and Remus Capital.
What was QuantrolOx's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,529 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.2M, and this round was 59% of the median.