On June 13, 2022, evolutionQ, a Kitchener-Waterloo-based company pioneering the development of quantum-safe cybersecurity products, announced the closing of US$5.5 million in Series A funding from a group of international venture capital (“VC”) partners. Quantonation led the investment, with participation from the USA and Canada, including The Group Ventures, a Toronto-based fund focused on early-stage tech start-ups.
Quantonation is a leading VC dedicated to Quantum Technologies, managing €90 million via its first vehicle Quantonation 1 with more than 30 operations realized already.
Miller Thomson advised Quantonation with a team led by Alexandre Hebert, and comprised of Julien Morier, Francis Dumoulin, Joshua Sherkin (Corporate/M&A), as well as Linda Spina (Paraprofessional).
