The London Technology team advised ETF Partners on its investment in the $75 million Series C financing of Riverlane. The round was led by Planet First Partners with participation from EDBI, Cambridge Innovation Capital (CIC), Amadeus Capital Partners, the UK's National Security Strategic Investment Fund (NSSIF), and Altair.
Riverlane is the global leader in quantum error correction technology. The funding will enable Riverlane to expand operations to meet surging global market demand for quantum error correction technology, with the goal of achieving one million error-free quantum computer operations by 2026.
Founded in 2005, ETF Partners (The Environmental Technologies Fund) is Europe's original venture capital firm dedicated to sustainability and impact investing. For nearly twenty years, ETF Partners has established a leading position in promoting sustainability through innovation. ETF Partners is founded on the conviction that entrepreneurship and innovation are critical in addressing the global challenges presented by the climate crisis. ETF Partners is committed to fostering and supporting Europe’s ecosystem of pioneering entrepreneurs who are creating the innovative solutions capable of making a profound environmental impact. ETF Partners believes in the transformative power of aligning profit with purpose in order to build a more sustainable future.
The Goodwin team was led by Ali Ramadan, Ella Donegan, and Emily Townsend.
For more details on the fundraising, please see the press release.