Qubit Capital expands to the US and Europe
Qubit Capital has transformed the landscape of startup investment, reshaping how entrepreneurs connect with investors through its innovative AI-powered matchmaking platform. In the second quarter of 2024 alone, Qubit facilitated over $9 million in funding for various startups, providing them with the financial backing needed to navigate the competitive market.
Expanding its reach into the US and Europe, Qubit Capital has reached a pivotal moment in its mission to make venture capital more accessible to founders worldwide. Since its inception in 2020, the platform has successfully facilitated $215 million in funding across more than 64 startups. Among the recent funding rounds managed by Qubit are:
- Swiipr Technologies: A UK-based fintech and travel startup, which raised approximately $7.7 million from Octopus Ventures (UK) and TX Ventures (Switzerland)
- Spottitt: A satellite-based geo-spatial analytics company, which secured $800,000 from Right Side Capital and three angel investors
- iVent Pro: A virtual events platform, which received an undisclosed amount from Purple Ventures
At the heart of Qubit Capital’s success lies its advanced AI and machine learning technology, which drives a data-centric approach to matchmaking between startups and investors. This technology streamlines the process, delivering precision and efficiency, particularly in Seed, Series A, and Series B funding rounds ranging from $150,000 to $30 million.
"Startups face immense challenges in securing funding, especially in a virtual-first, remote work environment," said Mayur Toshniwal, Co-Founder of Qubit Capital. "Our AI-powered platform provides startups with the tools they need to connect with the right investors and secure crucial funding. Our recent successes with Swiipr Technologies, Spottitt, and iVent Pro highlight our platform's rapid growth and effectiveness."
Qubit Capital was founded at the onset of the 2020 pandemic by experienced entrepreneurs who understood the hurdles startup founders face in raising capital. Identifying the right investors, building relationships, and dedicating time and resources to fundraising are formidable challenges.
"We believe AI can democratise access to investors worldwide, breaking down barriers regardless of background or location," said Sagar Agrawal, Co-Founder of Qubit Capital. "Our global expansion into Europe, the UK, and the US excites us, and we are eager to support startups in these regions."