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Hello reader,
I took a physics class in college, and while I wasn’t very good at it, I liked it a bit more than the other subjects.
One of my favorite topics was quantum mechanics. Being the nerd that I was, I heard about it a lot in games and movies, and now it was time for me to learn more about it. Ultimately, we studied only the basics, but I had fun nevertheless.
Quantum computing has made solid strides in recent years, with firms like Google saying that commercial applications could arrive within the next five years. It’s an exciting time in space for sure, which is also reflected in how one of this week’s biggest deals went to a quantum computing startup.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇮🇳 Blinkit, an Indian delivery startup previously known as Grofers, has raised US$172 million through a rights issue from Zomato.
🇮🇱 Quantum Machines is an Israeli quantum computing firm. It’s scooped up US$170 million in series C money from Battery Ventures, Intel Capital, PSG, Red Dot Capital Partners, and TLV Partners.
🇻🇳 Vietnamese agri-fintech company Techcoop has secured a total of US$70 million in series A money, comprising US$28 million in equity and US$42 million in debt financing. Participating investors included TNB Aura, AVV, BlueOrchard, FMO, AppWorks, and Capria Ventures.
🇨🇳 Lianku is a Chinese big data platform for cold chain logistics. It has locked in US$20.5 million in series A money from the New Supply and Marketing Industry Development Fund and the Guizhou Rural Development Investment Fund.
M&As
Startups that are raising funds
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