Tech Company Financing Transactions
memQ Funding Round
memQ, based in Chicago, US, secured $2 million in investment from Exposition Ventures, George Schultz Innovation Fund and Quantonation.
Transaction Overview
Company Name
Announced On
2/17/2023
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of an on-chip quantum repeater built on its platform, enabling the quantum internet.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
Undisclosed
Chicago, US, IL Undisclosed
USA
Chicago, US, IL Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
We are developing rare earth-based (Erbium) technologies to enable scalable on-chip devices for quantum information storage, distribution and processing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Manish Singh
Chief Technical Officer
Sean Sullivan
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We do our best to report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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