$100m fundraising for Photonic
Silverpeak worked closely with Photonic to optimally present the investment opportunity
About our client
Our client’s novel approach to quantum computing (“QC”) puts the company in pole position to deliver web-connected fault-tolerant quantum computing. Fault-tolerant quantum computers will unlock computational capabilities unseen today, with identified use cases (and early adopters) in pharma, material sciences, finance, transport, security.
Why they chose us
Introduced by a premier deeptech fund with whom we had a relationship. Ability to articulate the complex tech and equity story to growth investors. Successful track record with global investors, including financial and strategic.
How we added value
Approached 100+ investors from more than 20 countries. The combination of technology, business and financial insight was critical as well as hiring a reputable QC consultant to provide VDD support. Definition of valuation and terms acceptable to the company and the market was skilfully guided. As well as capital, the resulting syndicate provides early customers and a channel to market.
The successful outcome
Successful $100m fundraise garnering investment from an elite tier of institutional, sovereign, and strategic investors, setting up our client to fulfil their business plan and materially strengthen their go-to-market via commercial agreements.
Transaction Summary
Client
Photonic
Deal Type
Financing
Counterparties
Sector
Deeptech
Amount
$100m
Countries
CA / US / UK
Silverpeak team
The Silverpeak team understood the complexity of the quantum computing market and were able to articulate Photonic’s game-changing business to global investors. The result is a round of financing that brings together knowledgeable investors who believe in our work and is a testament to our team, our technology, and the direction we’re headed in.