Osborne Clarke advises QuantumDiamonds on EUR 7 million seed financing round

Osborne Clarke has advised QuantumDiamonds GmbH, a Munich-based start-up for quantum sensor technology, on its successful seed financing round. 

Founded in 2022 by Kevin Berghoff, Dr Fleming Bruckmaier, Dr Kristina Liu, Robin Derek Allert and Prof. Dr Dominik Bucher, QuantumDiamonds develops atom-sized quantum sensors in diamonds that enable non-destructive imaging of magnetic fields at the nanoscale, a previously untapped area of sensor technology. These types of sensors, which allow highly sensitive measurements at the atomic and molecular level, are useful in semiconductor manufacturing, medical diagnostics and battery development, among others. QuantumDiamonds is already testing its quantum sensors with four of the 10 largest semiconductor manufacturers in the world.

QuantumDiamonds, a spin-off of the Technical University of Munich (TUM), has now closed a successful EUR 7 million seed financing round. The round was led by IQ Capital and Earlybird, who together with Onsight Ventures, First Momentum, Creator Fund, UnternehmerTUM and various angel investors from the semiconductor industry, invested EUR 3 million. A further EUR 4 million will be provided as grant funding by the European Innovation Council (EIC) Accelerator and the German state of Bavaria.

QuantumDiamonds intends to use the newly acquired capital to further develop its existing functional prototype into an initial commercial product and hire additional quantum engineers for this purpose.

The Osborne Clarke team advising QuantumDiamonds consisted of Robert Marx (lead), Till-Manuel Saur (partner in charge, both Corporate / VC) and Ann-Kristin Lochmann (Tax).