Deal of the Week: Quantum computing startup gets principal investment backing

Horizon Quantum Computing, a Singapore startup in the developing cutting edge technologies for quantum computing, has received backing from a number of investors, including a principal investment office.

Summer Capital, an Amsterdam based principal investment office, set up by Jan-Maarten Mulder, a former banker, has invested $2.4 million alongside four other investors in a seed round for Horizon Quantum. Summer Capital-backed Horizon Quantum in an earlier seed round. Mulder’s Summer Capital says it invests in early-stage investments in fintech, quantum, and data. 

The race to develop the next generation of computing power and technology personified by quantum computing is attracting considerable interest from private investors as covered by Family Capital recently.