Quantum scaleup raises another huge multi-million investment and says goodbye to co-founder
Danish scaleup Kvantify, working at the intersection of life science and quantum computing, has raised an additional DKK 37.2 million (€5 million). The investment comes from both existing and new investors, including 2degrees, Lundbeckfonden, EIFO, Dreamcraft Ventures, QAI Ventures, Nordic Makers, Anterio Consult and Research GmbH and 2xN. Kvantify announces this on LinkedIn.
The capital will be used to strengthen the company’s technological development, commercial activities and strategic position. Quantify’s platform accelerates the development of new drugs using proprietary, physics-based algorithms that combine high precision and efficiency to optimize customers’ discovery pipelines.
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With the investment, Kvantify continues the growth journey that took off last year when the company raised in an earlier funding round.
The round also marks a change in management. Co-founder Hans Henrik Knudsen is stepping down from his operational role after four years at the helm of the company. He remains a shareholder and will continue to support the company, but will hand over day-to-day responsibilities to Executive Chair Jörg Weiser, who has held a central role since March, according to a LinkedIn post.
Kvantify has its origins in Aarhus University, and continues to have a branch in Incuba Next and offices in both Copenhagen and London.
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