Quantum technologies are transitioning from an academic to an industry-driven endeavour. Various corporates, governments, and large VC backed companies are heavily investing in building quantum-computing, -communication and -sensing devices. In order for the quantum industry to flourish, a mature supply chain of dedicated high-tech products is needed.
Since 2017, Delft Circuits designs and manufactures i/o (cabling) solutions for cryogenic environments to operate quantum systems. These environments have stringent space-, thermal-, and electronic requirements. Our Cri/oFlex® technology is the first technology to carefully balance these requirements and therefore is an enabler for large scale quantum systems.
So far, Delft Circuits has delivered hundreds of Cri/oFlex® cabling solutions to over fifty customers worldwide. Our revolutionary cryogenic circuit technologies have found their way into quantum-computing, -internet, -sensing, astronomy, aerospace and biological applications. By serving customers in academia, startups, national labs, global tech corporations and governmental agencies, we enable the next steps for the quantum industry and high-tech cryogenic systems.
For our next steps in scaling and industrialization of our factory and team (>20 fte), we welcome three strong partners. This investment deal with High-Tech Gründerfonds (HTGF), Scholt Group, and QuVest Capital, brings us the required funds, experience and network to take the next step in our development.
About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential. With a volume of around EUR 900 million spread across three funds and an international partner network, the HTGF has supported more than 600 start-ups since 2005. The team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the areas of digital tech, industrial tech, life sciences, chemistry and related business areas. External investors have so far invested almost 3 billion euros in more than 1,700 follow-up financing rounds in the HTGF portfolio. The fund has also successfully sold shares in more than 120 companies.
Investors in the public-private partnership include the Federal Ministry for Economic Affairs and Energy, KfW Capital, the Fraunhofer-Gesellschaft as well as ALTANA, BASF, Bayer, Boehringer Ingelheim, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Bank, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, FOND OF, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, QIAGEN, RWE Generation SE, SAP, Schufa , Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.
Find their press release on https://www.htgf.de/en/htgf-investment-delft-circuits/