Qorvane
Startup · Quantum · Série A · Delft, Netherlands
Cryogenic control modules cutting the wiring of superconducting quantum processors. Fictional university spin-off from the European ecosystem.
Key figures
- Type
- Startup
- Growth pocket
- Sector
- Quantum
- Stage
- Série A
- Location
- Delft, Netherlands
- Amount sought
- €2,400,000
- Pre-money valuation
- 18 M€
- Target multiple
- x4 · non-binding target
- Horizon
- 7 – 9 years
- Founded
- 2021
- Headcount
- 31 people
- Deal source
- European ecosystem
Current round
This deal is an example illustrating how the fund works. It represents no real company, project or person and is not open for investment.
Leadership
Joris van Elden
Co-founder & CEO
PhD in low-temperature physics, ten years of research in cryogenic electronics (fictional character).
Key metrics
- Patents filed
- 9
- Pilot systems shipped
- 4
- Wiring reduction
- -70 %
- Letters of intent
- 2 M€
Round objectives
- 01Ship 12 pilot systems to laboratories
- 02Industrialise the second chip generation
- 03Sign a first contract with a processor maker
Use of funds
- R&D & prototypes50 %
- Industrialisation25 %
- Engineering hires15 %
- Intellectual property10 %
Already on board
- European deep tech fund (example)
- Public innovation programme (example)
- Semiconductor-industry business angels
Generic illustrative labels: no real investor is named.
Risk warning
Investing in unlisted companies and real estate projects carries a risk of total or partial loss of capital, illiquidity for the whole holding period and delays. Multiples and yields shown are non-binding targets: they are neither a promise nor a guarantee. Past performance is not indicative of future results.
This deal is an example illustrating how the fund works. It represents no real company, project or person and is not open for investment.